With reference to ‘‘Indian values should guide Indian systems’’ (Business Line, February 8), though the author’s dreams on values and systems in the Indian context are timely, the reality is different. India has undergone a transformation in the last two decades. Now, the scenario is a market-driven polity.
The market knows only the culture of profit maximisation and nobody can succeed in preaching it values and humanitarian considerations. Market is inspired by colonial attitude and its survival of the fittest theory proposition will facilitate in bringing the law of the jungle only.
In this backdrop, the B-Schools and organisations are focussed on bringing out managers whose mindset is moulded in accordance to the market needs and not the needs of the individuals.
Therefore, their teaching methods naturally ignore traditions, tenets and values and, certainly, they are led by the colonially-inspired attitudes.
This is with reference to “Time we raised direct taxes” (Business Line, February 8). It is true that fiscal adjustment and distributive justice must go in hand to generate tax revenue. In this regard, the concept of taxing the super rich must be cautiously analysed. Imposing a heavy percentage of tax on them may drive them to shift investments to countries where they can get yield with bearable tax structure. Fiscal adjustment method of imposing tax on the super rich must be done in such way a that they themselves come forward to pay tax with involvement.
N. R. Nagarajan