More of the same.

Not one but two of our most revered minsters, those of Finance and Trade, are in the US, apparently to beg for increased investments. TOI, 13 July. They are trying to impress the Americans about improving the business climate in India by promising a level playing field and boasting about a series of rollbacks, such as the delaying of GAAR. Is that true? Why have they waited 9 years to carry out these measures when the economy is close to collapse? Only because general elections are due next year and people are furious." The Finance Minister mentioned that while some concerns have been expressed about the current business environment in India, the policies adopted by the government of India are pro-growth and WTO compliant," said a statement from the Indian embassy about his meeting with Senator Max Baucus, Chairman of the Senate Finance Committee. Really? If that were the case why is it necessary to travel so frequently to the US to reassure US businessmen. We hope that both gentlemen have taken their families, including son-in-law and sister of son-in-law, with them. What will make the Americans sceptical is the promise of setting up of a Mayaram Committee. Everyone knows of our committees which brainstorm for months before writing a report which is then binned by the politicians because it does not suit their primary desire of winning the next election. One of them promised to set up National Investment and Manufacturing Zones across India which will provide single window mechanism for approval of investments, fast tracking of critical infrastructure projects, use of technology to cut our paperwork, efforts to provide land and, er, setting up of another committee, this one to be chaired by the Prime Minister, the man who was built up as a World Famous Economist but has turned out to be the most incompetent in history.  What these gentlemen do not seem to understand is that businessmen do not like flipflops. They will not risk millions of dollars unless they are assured of a stable environment where laws do not change daily as happens here. And the reason laws keep changing is because economic policies are dictated by a foreign woman whose only interest is to win elections by bribing the " vote bank ", regardless of the cost. That was how the Congress won in 2009 which resulted in resistant inflation, rising deficits and the plunging rupee. Now they are engaged in frantic damage limitation but even as they are on a foreign junket on taxpayer money the government has passed the Food Security Bill by ordinance. There can be no economics without patriotism. Else it is just more of the same.