The key features of West Bengal's present industrial policy are as follows: Appropriate foreign technology and investment are welcomed on mutually advantageous terms.
Fairs and Festivals Governance India, the world's largest democracy, has made tremendous strides in economic and social development in the past two decades. The country aims to become a higher middle-income country by and that calls for even faster growth in the years to come.
With new government in place this year, India currently stands at the threshold of a unique opportunity regarding governance reforms.
Governance is central to equitable socio-economic progress and political legitimacy. Good governance runs on four wheels: Governance in India has always been a critical issue for the governments since independence.
Neither the soviet style socialist path nor the free-market western capitalist economy appeared the best answer for the country. It strives to craft a unique blend of its own socio-economic policies that would leverage its unique strengths and catapult it to centre-stage of the global economy.
Government machineries at all level need to be strengthened. But mindset is changing as the government at the Centre has made it clear not only to its own wings but even to States that this chaos has to go with better use of information and communication technology.
Some of the organisations have successfully transformed their way of functioning and service delivery system with the help of modern technology. The quality and effectiveness of service delivery today is directly linked to good governance practices and use of modern technology, especially ICT.
It is widely accepted that governance should be citizen-centric and we need alertness and responsiveness in every aspect of governance. Modern technology is increasingly in demand at the government departments and organisations across the country, either due to the increasing pressure from the public or on the initiatives of bureaucrats and elected representatives.
Corruption and sustainable economic development are key problems in India. But, as a vibrant democracy, India has a distinct advantage as it has an accountable government that is subject to transparent surveillance on multiple fronts, democratically elected legislatures, an independent judiciary and evolving regulatory watchdogs.
That is India's inherent strength. The Right to Information Bill was passed in in an effort to improve governance and public administration and eliminate corruption. By transferring functions, fund and functionaries 3Fsefforts are being made to transform the lives of people.
Increased financial autonomy was supposed to be the game changer but we are still far behind from our cherished goals. Administration at various levels is still weak and the poor still suffer the most. Accountability, access to information, political will for real devolution of powers at all levels would only make the desired change and would lead to good governance.
Prime Minister Narendra Modi says, "one of the biggest benefits of good governance is that it does not look at welfare of any particular section of the people; it results in welfare of all.
For example, if you improve water supply, everyone benefits. Technology and innovation are the backbone of governance. Technology also plays a large role in creating and maintaining transparency. Reducing public expenditure is yet another critical area.
The government spends huge amount wages, pensions, interest payments, and agricultural subsidies and social sector schemes. Good governance calls for drastic reduction in wasteful public expenditure.
Rational and inclusive growth oriented expenditure would lead us to a higher stage of advancement. A long-established legal system has given India the underpinnings necessary for free enterprise to flourish.
Although India's courts are notoriously inefficient, they at least comprise a functioning independent judiciary. Property rights are not fully secure, but the rule of law generally prevails.
High and inclusive growth is entwined with good governance and the Modi government is making efforts to take to it to the next level. Good leadership is the basic ingredient of governance. Quality leadership must be available at every level. The government must be policy-driven. If governance is policy driven, those who have to execute those policies will be clear in their mind as to their functions, and responsibility and accountability will follow.
When decisions are taken, the nation moves forward. The country is maintaining a balance with regard to bilateral relations with the United States and Russia.
Prime Minister Narendra Modi's historical visit to the US resulted in strengthening of trade and strategic tie-up between the two countries. He became the first US President to get that honour and also the first one to visit India twice while in office. While moving closure to the US, India never undermined its old and trusted friend Russia and recently it warmly welcomed Russian President Vladimir Putin.International Journal of Scientific and Research Publications, Volume 5, Issue 10, October 1 ISSN ashio-midori.com An Analytical Study of FDI in India.
Oct 11, · With a population of more than billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth.
India has now emerged as a global player. and measures to attract FDI). Introduction to" Foreign Direct Investment" Introduction. Kenneth A. Froot. Foreign direct investment (FDI) has grown dramatically as a major form of international capital transfer over the past decade.
Foreign Direct Investment in India: Regulatory. Framework, Issues and Current Status, International Journal Foreign Direct . Foreword Doing business in India | 5 The World Bank has projected India’s GDP to expand to % for FY on account of increased economic activity and stability as a result of introduction.
Foreign Direct Investment (FDI) is a key element in international economic integration. FDI inflows mean the investment which a country receives from other countries, which in turn help the host country to have access to new technologies, capital and organizational technologies and management skills.
So this article will list out from points in the favor and opposite of the FDI in Retail Sector in India. Introduction What is FDI? - FDI Stand for Foreign Direct Investment which means non-indian entities, companies, establishments would able to invest money in the Indian Retail Market.