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Government Government should mind their should mind their own Business and own Business and not Businesses.not Businesses.
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Kautilya’s exhortation to Kautilya’s exhortation to Chandragupta MauryaChandragupta Maurya
For a KingFor a KingHis vrata (religious vow) should be activity for the cause of his uttanam (people).His best religious ceremony should be the work of karyanusasanam (administration).His dakshina (highest charity) must be equality of treatment meted out to all.
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India Everywhere Campaign at WEF, Davos, Switzerland
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India Everywhere Campaign at WEF, Davos , Switzerland
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Ease of Doing Business Report Ease of Doing Business Report byby
World Bank.World Bank. Steps Steps DaysDays
Obtain a licenseObtain a license 2020 270 270 Start a businessStart a business 1111 71 71
CountryCountry Median time to start Median time to start a Business a Business
AustraliaAustralia 2 days 2 days U.S.A.U.S.A. 5 days 5 days U.K.U.K. 18 days18 days ChinaChina 41 days41 days IndiaIndia 71 days71 days
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So how has India fared………
Ease ofEase of………… Economy Economy Rank (India) Rank (India)
Doing BusinessDoing Business 116116Starting a BusinessStarting a Business 9090Dealing with LicensesDealing with Licenses 124124Hiring and FiringHiring and Firing 116116Registering PropertyRegistering Property 101101Getting CreditGetting Credit 8484Paying TaxesPaying Taxes 103103Closing a BusinessClosing a Business 118118
Source : World BankSource : World BankThe index ranks economies from 1 – 155.The index ranks economies from 1 – 155.
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CaseCase
Mittal SteelMittal Steel v/s v/s ArcelorArcelor
Mittal Steel makes an unsolicited bid Mittal Steel makes an unsolicited bid of of
$ 24 billion for Arcelor$ 24 billion for Arcelor
Bid is blocked by stakeholdersBid is blocked by stakeholders
Govt. of India intervenesGovt. of India intervenes
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Government & GovernanceGovernment & Governance
GovernmentGovernment
An institution that holds the An institution that holds the exclusive power to enforce certain exclusive power to enforce certain rules of social conduct in a given rules of social conduct in a given geographical area.geographical area.
GovernanceGovernance
Act or the manner of governing.Act or the manner of governing.
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BusinessBusiness
An economic activityAn economic activity
Involves production or purchase of goods Involves production or purchase of goods & services& services
Involves distribution of goods & servicesInvolves distribution of goods & services
To earn profitsTo earn profits
To improve peoples standard of livingTo improve peoples standard of living
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Objectives of BusinessObjectives of Business
Economic ObjectivesEconomic Objectives ProfitsProfits ROCEROCE Survival & GrowthSurvival & Growth
Social ObjectivesSocial Objectives To provide employmentTo provide employment Supply quality goodsSupply quality goods Improve standard of livingImprove standard of living Environmental protectionEnvironmental protection Justice to workersJustice to workers
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Corporate GovernanceCorporate Governance
Voluntary adoption of standardsVoluntary adoption of standards
Aims to improve the business image, Aims to improve the business image, effectiveness, efficiency and social effectiveness, efficiency and social responsibilityresponsibility
Helps to avoid constant and undue Helps to avoid constant and undue Government interferenceGovernment interference
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Business EnvironmentBusiness Environment
Internal Factors
ExternalFactors
BusinessDecisions
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Government and Business Government and Business Relationship in IndiaRelationship in India
Provisions of the Indian Constitution Provisions of the Indian Constitution pertaining to Businesspertaining to Business
Fundamental RightsFundamental Rights
Freedom of Trade and CommerceFreedom of Trade and Commerce
Industrial PolicyIndustrial Policy
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Ground RealitiesGround Realities
0
5
10
15
20
25
30
35
40
45
China India
FDI Flow inbillion
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ReasonsReasons Constant Government InterferenceConstant Government Interference
(Mittal Steel v/s Arcelor)(Mittal Steel v/s Arcelor) Corruption & Bureaucracy / Red TapismCorruption & Bureaucracy / Red Tapism Lack of InfrastructureLack of Infrastructure UncertaintyUncertainty
Corruption Index
Icela
nd
(1)
Fin
lan
d (
2)
New
Zeala
nd
(3)
U.K
. (1
1)
U.S
. (1
7)
Ind
ia (
88)
0
2
4
6
8
10
12
Transparency Intl.CorruptionPerceptions Index2005
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Role of Government Role of Government
Regulatory Role (IRDA, TRAI)Regulatory Role (IRDA, TRAI)
Promotional RolePromotional Role
Entrepreneurial RoleEntrepreneurial Role
Planning RolePlanning Role
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Success StoriesSuccess Stories
Delhi Metro Rail Corporation (DMRC)Delhi Metro Rail Corporation (DMRC)
StructureStructureAutonomyAutonomyDelegation of Power to the CEODelegation of Power to the CEOSupport in both letter and spiritSupport in both letter and spiritMINIMUM GOVERNMENT MINIMUM GOVERNMENT
INTERFERENCEINTERFERENCE
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SuggestionsSuggestions
““GOVERNMENT REGULATIONGOVERNMENT REGULATION
AND NOT AND NOT GOVERNMENT INTERFERENCEGOVERNMENT INTERFERENCE””
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Thank YouThank You
Open for QuestionsOpen for Questions