Post No 5 : D.L.Narayan
I am completely in agreement with the three statements you have made on : the impact of (i) inflation (ii) boom in the IT and (iii) Automotive and FMCG Sectors on the many-fold increase in the revenues of the Corporate Houses like the Tatas in India
Indeed, it is a pity that the contribution of former PM, Mr P.V.Narasimha Rao for laying the foundations for a faster growth of Indian economy in Early 90's has not been well-recognised either by the presesnt Regime at the Centre, the Congress Party, the English and Vernacular Media or people at large .It is ironical that PV has been ignored by the political parties including the Congress Party in his own state of Andhra Pradesh!
The reasons for this neglect of PV are several : At the national level they are the following : (i) A deliberate neglect of PV by the Congress Worthies to boost the image of the Gandhi family after a Seven-year political hybernation of Madam Sonia and family in the post-Rajiv period, (ii) Traditional dominataion of North over South in political matters and (iii) Lack of charisma from a self-effacing PV .
At the regional level the reasons for the neglect of PV are : (i) A general charecteristic of lack of pride and appreciation of regional identity, language, culture and of political leaders among the Telugus, (ii) an overwhelmingly greater fascination and admiration of the Telugus for the Nehru-Gandhi family as compared to the other Southern States (ii) and a slavish mentality of the Congress worthies vis-a-vis Gandhi family.
Only after the political advent of NTR and his Telugu Desam Party, Telugu people's regional identity and culture were recognised by the rest of the country. NTR with his strident call for "Telugu vaari Aatma Gauravam" (Self Respect of the Telugus) did the rest of the country began to notice them as what they are, and not as "Madraassies".
NTR did not put up a TDP candidate against PV when the latter contested in the elections to the Lok Sabha from the Nandyala constituency of Kurnool Dt , thus facilaitating his victory on a grand scale leading to his becoming PM. After NTR faded away from the scene, things were back to square one !
The Congress Worthies of AP once again became "YES Men and Women" --"Doo--Doo Basavannalu ", as they say in Telugu. So remebering PV is out of question !!
And how could anyone ignore the elephant in the room - 2G scam - while talking about Tata?
Remember that Tata was born from a Congie largesse - the iron mines of 'Jamshed'pur - the ORIGINAL mining scam of Nehru.
Chairman of the Tata group for 20 years now, his leadership has increased group revenues 40-fold
Ratan Tata has undoubtedly been a great business leader and visionary. The acquisitions of Corus by Tata Steel and of Jaguar and Land Rover by Tata Motors are testimony to his vision.
Having said that, consider these points:
(1) correct these figures for inflation over the past two decades (2) most of this growth is due to the boom in the IT sector (TCS has grown exponentially in this period) (3) the rapid growth of the Indian economy post-liberalisation, especially in the Automotive and FMCG sectors.
It sure does take off some sheen from the 40-fold increase, doesn't it?
Most Indian corporate houses have equally impressive figures, if not better. The credit should go to long-forgotten former Prime Minister Narasimha Rao and his hand-picked Finance Minister, Dr. Manmohan Singh for ushering in the policy reforms which facilitated these success stories..
@Anshul, and whose fault is it that parts of Orisa remain impoverished even after so many years? Tehalka ever bother to do a story on that?
he has increased profit by 40 times but not the spending on charities...chrome alloy for tata steel in Jamshedpur comes from an impoversihed area in Orissa...tahlka has done a story on that..read that
Ratan Tata belongs to that rare breed of 'unstraight' but rich males. Dare-I-say, they impress authoresses like most of the 'unstraight' category do quite easily.
Our editor is in distinguished company in the matter regarding choice of pets.
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