Some Crazy and Sycophant CEOs give votes of confidence to the current FM!!
[Inspite of latter's presiding over a bad fiscal slippage, bringing in a high inflation accompanied by a slowing growth, all these CEOs voted for the current FM as the "best finance minister in the present situation".....Huh!! These CEOs (fawning parasites) are SICK, and should be sent to mental hospitals. Fools!! How do such dumbos become CEOs of companies??!! The evidence comes from J.P. Morgan CEO Jamie Dimon himself who said, “We were stupid. We have egg on our face.” If the boss himself calls himself and his traders stupid, who am I to argue??!! And look this is the same CEO, Dimon who led the charge against the Volker Law, which bans banks from speculative trading for its own account in derivatives...and remember the trade which brought in such mammoth losses for J P Morgan, was actually a "HEDGE", designed to reduce risk..!!! Stupid indeed!! Moreover, Dimon has fiercely criticized Volcker himself, even though Volcker is one of the wisest & most respected capital market authorities in the world.......Yes, such is the quality of some of the CEOs, the world over....Huh!! Therefore, stay away from the "Fertile Brains" of these CEOs and avoid complex Derivative Bets]India Inc expects the economic climate to turn worse before its gets better, with a deteriorating fiscal situation and a drop in foreign investments likely to define the country in the medium term, an ET Poll of CEOs to gauge business confidence has revealed.
Along with dimming confidence in the government's ability to steer the country out of the economic morass it finds itself in, the poll of 50 bosses of some of India's most respected companies shows surprising patience - even sympathy - for the UPA, with more than half the respondents expecting it to retain power in the next general elections in 2014.
Finance Minister Pranab Mukherjee, under whose watch the economy has slipped and who has been criticised by some for presiding over a bad fiscal slippage, high inflation and slowing growth, emerges from the poll looking good.
On a scale of one (very poor) to 10 (excellent), Mukherjee is rated six and higher by as many as 29 CEOs. The UPA's troubleshooterin-chief also gets the most votes - at 16 - as the best finance minister in the present situation, 10 more than his predecessor P Chidambaram and far higher than his boss Prime Minister Manmohan Singh, widely viewed as the father of India's economic reforms.
Mukherjee also ranked higher than Singh and Gandhi family scions Rahul and Priyanka as a possible prime minister. Most poll participants chose to remain anonymous.
While all this may be music to the ears of the septuagenarian parliamentary veteran, what will not be is the finding that the government's policies and the prevailing economic environment do not inspire too many corporate bosses to step up investments. Twenty-four of the 50 CEOs polled said they were not planning any capital expenditure in India.
Some are actively considering investing overseas, a prospect that should worry Mukherjee. Harsh Goenka, chairman of conglomerate RPG Enterprises and who was willing to go on record, sums up the mood. are increasingly investing outside India.
The US and Latin America are much more business-friendly," he says. While India Inc looks overseas, the government will not have the comfort of foreign investors looking favourably at India.
A resounding majority - 39 CEOs - said they expected foreign direct investment flows to slow down, the government's recent attempts to soothe frayed investor nerves by putting on hold some of its recent controversial tax proposals having no impact on sentiment.
India's attempts to retrospectively tax past overseas M&A transactions and impose an anti-tax avoidance regime have been slammed by foreign investors and governments, many of whom have warned of damage to India's image as a stable and friendly place to do business.
The ET Poll showed a majority of CEOs agreeing with that assessment, with a majority of participants of the view that the government was 'going after' Britain's Vodafone Group Plc [But still he is the best FM?!! Crazy Morons!!]
Along with dimming confidence in the government's ability to steer the country out of the economic morass it finds itself in, the poll of 50 bosses of some of India's most respected companies shows surprising patience - even sympathy - for the UPA, with more than half the respondents expecting it to retain power in the next general elections in 2014.
Finance Minister Pranab Mukherjee, under whose watch the economy has slipped and who has been criticised by some for presiding over a bad fiscal slippage, high inflation and slowing growth, emerges from the poll looking good.
On a scale of one (very poor) to 10 (excellent), Mukherjee is rated six and higher by as many as 29 CEOs. The UPA's troubleshooterin-chief also gets the most votes - at 16 - as the best finance minister in the present situation, 10 more than his predecessor P Chidambaram and far higher than his boss Prime Minister Manmohan Singh, widely viewed as the father of India's economic reforms.
Mukherjee also ranked higher than Singh and Gandhi family scions Rahul and Priyanka as a possible prime minister. Most poll participants chose to remain anonymous.
While all this may be music to the ears of the septuagenarian parliamentary veteran, what will not be is the finding that the government's policies and the prevailing economic environment do not inspire too many corporate bosses to step up investments. Twenty-four of the 50 CEOs polled said they were not planning any capital expenditure in India.
Some are actively considering investing overseas, a prospect that should worry Mukherjee. Harsh Goenka, chairman of conglomerate RPG Enterprises and who was willing to go on record, sums up the mood. are increasingly investing outside India.
The US and Latin America are much more business-friendly," he says. While India Inc looks overseas, the government will not have the comfort of foreign investors looking favourably at India.
A resounding majority - 39 CEOs - said they expected foreign direct investment flows to slow down, the government's recent attempts to soothe frayed investor nerves by putting on hold some of its recent controversial tax proposals having no impact on sentiment.
India's attempts to retrospectively tax past overseas M&A transactions and impose an anti-tax avoidance regime have been slammed by foreign investors and governments, many of whom have warned of damage to India's image as a stable and friendly place to do business.
The ET Poll showed a majority of CEOs agreeing with that assessment, with a majority of participants of the view that the government was 'going after' Britain's Vodafone Group Plc [But still he is the best FM?!! Crazy Morons!!]
However, a significant minority - 19 CEOs - disagreed with that view, an indication the government's efforts to force the UKbased mobile phone giant to stump up thousands of crores in taxes were not being universally derided.
West Bengal Chief Minister Mamata Banerjee, however, is evoking some derision, with as many as 25 CEOs casting her as the biggest stumbling block to growth.
West Bengal Chief Minister Mamata Banerjee, however, is evoking some derision, with as many as 25 CEOs casting her as the biggest stumbling block to growth.
News Body (Excluding Headline & Special Inputs in Blue Font at the top), Courtesy: The Economic Times
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