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One-time offer

Finance Minister P. Chidambaram has apparently raised hackles in “industry” by asking that they do their bit at this time of crisis by ensuring prices are lower. It would be “wiser”, according to Chidambaram, to make a few sacrifices of value to try and keep your employees loyal, to try and kee ....Read more

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hiBy: AMB | Thursday , 20 Nov '08 21:36:32 PM Reply | Forward I THINK CHARITY BEGINS FROM HOME. GOVERNMENT HAS EXCESS FAT SO DO THE MINISTERS AND HIGHER POLITICIANS IT WOULD HAVE BEEN NICE TO SEE THAT THE FLAB WAS REDUCED HERE BEFORE ASKING OTHERS TO REDUCE THE RATES.YOU DO NOT WANT TO REDUCE THE RATES OF PETROL BUT YOU WANT OTHERS TO REDUCE THE PRICES.IT IS LIKE SAYING YES YOU CAN BUT WE SHALL NOT

One-time offer By: M.S. Rajasekaran | Thursday , 20 Nov '08 18:33:31 PM Reply | Forward Very recently the salary of the First citizen has ben raised. Theere was an anouncement of 21% pay hike to govt. staff. it is not my case that the govt should deny hike its employees in an unfair manner but about the timing keeping the general election in mind. these were done when there was no abatement in the raising inflation. Many things that smack of fiscal iresponsibility have been done .Will the FM also ask his cabinet collegues, MPs ( the most unproductive lot in the democratic institution), and the President (what is her contribution to the national economy or other inspirational acts), to dotheir bit or whole because they project themselves to be doing a lot of good to the country's progress?

FMBy: mm | Thursday , 20 Nov '08 13:18:39 PM Reply | Forward And while the PM, when he called the captains of industry, did not say this at all. Do people in this Congress government even talk to eachother?

corporate social responsibilityBy: ANJAN KUMAR SAMAL | Thursday , 20 Nov '08 11:49:09 AM Reply | Forward It is time for all corporate sectors to reflect their social responsiblity on this eve of dangerous economic depression.Lowering price must stabalize the situation somehow and customers will be more obliged to their concerned sectors as well as the employees will be saved from job insecurity.I advise that corporate sectors should not take it as the pressure but should take it as their part of great social responsibility to overcome from this heart throbing depression.The step taken by the finance minister is really highly admirable and justified.In this country of developing economy all the corporate sectors are here to earn for the vast consumer market.So the time has come to repay them in this way not only for their benifit but also for the socio economic development of this country.Now it should be the objective of all the industries and business houses that "Our destiny , is the nation's economic stability."

Act TimelyBy: Kishan | Thursday , 20 Nov '08 10:34:45 AM Reply | Forward Chidambaram's ask cannot be a binding directive to the Industry.But what are the Industry Associations doing? They have very capable advice available to them.They employ economists.They have on their Boards best brains in the market. Surely they can see what is in the best short and long term interest of the Indian Economy.And what is good for the economy as a whole cannot be bad for Industry and the Consumer who are its two most important parts.

Mr CHidambaram's advice By: laxmiram | Thursday , 20 Nov '08 6:40:47 AM Reply | Forward we are living in extraordinary times. who would have thought AIG would require a government bail out. Everyone has to rise above narrow and partisan thinking. Combined efforts of all stakeholders will definitely see the whole economy through. Banks can not sit with cash. Trust has to return. If trust is not restored whole world economy will grind to a halt. Government has to do its bit, reduce taxes, duties and industry should pass on such reduction to consumer. It is not only India is in this situation. Luckily India is not so badly hit like other economies. The crisis has been coming for long. Commodities' prices reached a level anyone with a modicum of common sense can sense the coming crash. Too much leverage, too much of risk-taking adventurism and too much of everything is bound to collapse. Even too much of good is bad. Hope things will improve for the better.

PCBy: Gopi Maliwal | Thursday , 20 Nov '08 5:58:50 AM Reply | Forward Truly, Indian Express has become Congress Express. RNG must be turning somewhere up above in heaven.

Sacrifice by IndustryBy: Dr.K.K.Ammannaya | Thursday , 20 Nov '08 5:09:40 AM Reply | Forward Industry must to the extent of their ability do some sacrifice at this point of time by cutting rates and prices of their products.They must ready themselves for lesser margin of profits in order to create and expand demand for fuelling growth.The suggestion of Financae Minister mustbe taken by them with all seriousness.