There are signs indicating that the budget for increased spending on health, education, Mid-day meal, the use of state guarantee schemes and other emergency aid for the common people. This is a continuation of the policy over the past 50 years. He was the municipal development and the cooperative movement in the sixties, garibi hatao in the seventies and human development in the eighties. But the man in the situation has not changed much. This is because the Government is temperamentally proximity of the rich. Route Jawahar Rozgar Yojana place before sarpanch home. The house under Indira AWAS Yojana is built for his brother.

Health care medicines meant for primary health centre are sold on the black market. Thus, Rajiv Gandhi had said that only 15 paise out of a rupee sent from New Delhi reached the addressee. IMF, the first deputy director Anne Krueger warned, “The Indian government is a wide variety of subsidies for the poor, benefits non-poor, as many groups. These subsidies should be reviewed because they seek only to the growing budget deficit. ” There is no pressure inside the system, this would be money to versickern on small people. The government links, west Bengal, it has succeeded in building a pressure group of the Communist Party at the grassroots level. The failure of these systems is almost certain, in the absence of a portion of these frameworks. We need better opportunities to achieve the common man. The root of the problem lies in the nature of the market. We must make the free market, so that Indian companies to reach out globally, effectiveness and India in the world, No. 1 economic power. But the market follows the diktat of purchasing power is concentrated among the rich. There is no place for the common voice of men on the market. There is thus a contradiction between the two objectives that we have before us. The government wants uPA manage this contradiction by an increase in corporate and income tax such as the introduction of a process of education in the last budget. This approach is probably cancelled because only 15 paise of every rupee spent will probably reach the poor. In addition, taxes as the education process of our businesses are not competitive in the global marketplace. Sub-contracting provision of NGOs, the rate of delivery of 15 to 25 or even 50 paise, but companies still need to impose not made the world more competitive. How should we less interference in the market and, at the same time, support for sharing the man? Wild Horse Finance Minister should think otherwise. The market is like a wild horse. This may be the driver to his destination, if they can prove the reins. The Minister of Finance should be a tax system for enterprises to create jobs. It can do so by a reduction in tax rates of consumption labour intensive units. At present, our businesspeople prefer to avoid automatic that the problems of labour laws and trade union militancy. The intensity of the use of Indian industry is declining. The Minister of Finance could, for example, that a device pay wages and salaries of more than 40 per cent of its turnover will be entitled to 25 per cent reduction of excise duty. The businessman is offset, where the problems of employment of large numbers. In addition, lower rates of duty that can be imposed on sectors such as handlooms labour, agro-processing and garment manufacturing. On the reverse, capital-intensive industries, in a relationship of eating can be heavily taxed. The growth of bottles Soft-Drink industry has resulted in the closure of the street corner fruit juice manufacturers and providers of tenders coconuts. Textiles handlooms pressure are similar to those of large companies in the textile and discard the work of Weber. These offers should be heavily taxed to eat, so that work units can survive intense. The government in both policy areas. Establishment of an educational process leads to greater burden of taxation and entrepreneurs zerfrisst able to invest, vis-a-vis its foreign competitors. The introduction of higher excise duties on alcoholic beverages and major textile mills increased production costs and has the same effect. Both taxes have a negative impact on global competitiveness. But the introduction of an increase in excise is preferable, because this range to avoid leaks, tax and spend approach. Employment is generated, net of taxes to be collected and without the participation of sarpanch and the village-level workers. A similar policy must be implemented in regard to small industries. The Reserve Bank of India has a policy of 40 per cent of the credit should go to priority sectors. But the share of priority sectors, despite the continued decline in broadening the definition of this sector. The reason is that bank managers, earn profits from its branch. The Bank has contributed to huge administrative burden in managing large numbers of small accounts. There is a contradiction between two objectives, there is the director of the institution. On the one hand, he must show to win, on the other hand, he worked in the service sector priorities. Grand loans finance ministers have for the industry profitability on loans to SSIs. A tax of one per cent should be imposed on large loan and the amount spent on cross-subsidies to its branches, the SSIs credits to cover rising administrative costs. The branch loan on SSIs obtain grants and benefits. Such cross-subsidisation of taxing large SSIs is ready not to be confused with the fiscal subsidies such as life and fertilizers, general tax revenue. Like the government high rates of air conditioning to Class II, Class subsidize, it should tax similar to large borrowers and to subsidize small borrowers, without an increase in the average cost of credit in the economy . The high level of taxes on large units to do so, they are no longer competitive in the global economy. The India can not approve the machine flooded with fabric from abroad to the closure of the two Handwebstühlen and the local textile mill. This problem should be solved by a parallel increase in import duties. So, both imported and manufactured mechanically national substance is expensive in the domestic market and hence the handgewebten to survive. Consumers should be asked to bear the high cost of this substance as a taxpayer, for the generation of employment. Indeed, the tax burden as a whole must not go down when the government closed the welfare programs are in tandem and reduce taxes in proportion. The challenge is the budget is intended to ensure common prosperity of mankind, without resorting to government machinery. The market must be in the right direction, incentives for employment generation. The author is a former professor of economics, Indian Institute of Management, Bangalore.

The time has come for a pool of techno-heads and VTU offers a course of the year, said R. CHANDRAKANTH

Unverzichtbares members: modern infrastructure, for example, efficient transportation is what the modern economy requires.

If India is a world economic power, it certainly has its infrastructure in place. Liberalization has technology development can bring to a faster pace. The construction of roads, bridges, ports, dams, power plants and others have gained priority, and it is assumed that other inspire the country’s economic development.

All this requires four components: hardware, finance, technology and a huge reservoir of specialists. The professionals have to integrate materials, finance and technology in such a nature and how to place the optimal use and on an equal footing with international practices. A large number of engineers / architects and other semi-final of skilled workers, two levels of diploma and owners are engaged in this task, nor the commitment of personnel with modern knowledge, is growing considerably. These specialists are working with different partners in the project authorities, companies, contractors, the orientation of houses, manufacturing and service companies and others.

It is estimated that in the next ten years, India would invest about $ 200 billion in infrastructure projects. It is believed that this would be an attractive $ 150 billion of foreign investment in infrastructure for the same period. The biggest economic growth rate of eight percent, India is seeking in terms of decades, is the first line in the context of dramatic improvements planned and implemented in the fields of infrastructure, including the creation of a climate for investors.

In this context, human resources, a prerequisite is immense. Not many schools there are in the country for this growing sector. Construction engineers and managers must be skills State-of-art techniques of engineering, technology and management. The time has come for a pool of Techno-Manager.

Making incursions in this area is the Visvesvaraya Technological University (VTU). Starting this year, it offers a job lined Post-Graduate Diploma in Infrastructure Management (PGDIM) program, the first of its kind in the country. On 1 June 2005, VTU and the Centre for the symbiosis of technology, environment and Management (STEM), Bangalore, signed a Memorandum of Understanding for the implementation of this programme. It is proposed by the VTU and the School of Management for buildings, facilities and development strategies and India (MINDS), Bangalore, a division of stem cells. The diploma is awarded by the VTU.

The year of full-time courses for graduates in the disciplines of engineering (including agriculture and technical architecture) and doctorates in other disciplines, scores, with a minimum of 50 per cent of aggregate marks in the aptitude test. It starts on 17 August.

Former teachers at the IITS and IIMS higher and multi-disciplinary professional national and international reputation in its faculty, aims to Minds, manager of training to meet the specific requirements of different areas in the infrastructure sector Such as transport, energy, telecommunications, health and education and IT support services. I will also land students in the basics of management.

It is not difficult to recognise that the immediate requirement of the Indian economy is a pool of professional staff quality of infrastructure, the ability to convert and K, which promises huge investments on paper in quality infrastructure, manage and sustain high level of service infrastructure; And can update existing infrastructure and improving service levels through the adoption of better management practices.

The programme of the Indian Academy of Cultural Heritage, 870, 17 E Main, Koramangala VI block, Bangalore-560 095. The Permanent Mission campus of Minds is to focus on the industrial zone KIADB in Bommasandra.

Application forms are available from VTU regional office in Bangalore, 3rd Floor, RV Teachers’ College building, Jayanagar 2 Block, Bangalore-560 011 (Tel: 080-26563266, 26561455, E-mail: minds@vsnl.net, website: www.minds-india.org) in person or by post on payment of Rs.500 through the application promoting Project Finance Officer, VTU Belgaum, payable on a bank of Belgaum.

The Business School of Newcastle University, UK, was in India recently looking forward to partnerships with various institutions for its research programmes and collaborations.

It signed a memorandum of understanding (MoU) with the Indian Institute of Foreign Trade (IIFT), New Delhi to facilitate joint research work and to offer executive management programmes.

Also, the B-school is holding talks with International Management Institute (IMI), New Delhi, S P Jain Institute of Management and Research (SPJMR), Mumbai and K J Somaiya Institute of Management Studies and Research, Mumbai for collaborations.

Speaking on its mission in India, Andrew Simpson, director of executive programmes, Newcastle Business School, said: “At all levels, we cannot ignore one of the economies of the century and it is important for UK to get involved and collaborate with India.”

With the IIFT, the MoU has been signed for a period of three years following which it will be reviewed. The Newcastle B-school is looking forward to IIFT for research in international trade and offering its students an opportunity to understand the Indian economy from close quarters.

According to Simpson, they are looking forward to SPJMR to collaborate its expansion programme in Singapore. He said: “Because of our strength and specialisation in banking and finance, we are looking forward to collaborate with Singapore. Since SPJMR has a campus and has been a reputed B-school in India, we would like to have an association for mutual benefit.”

While with IMI, the B-school is looking forward to building its collaborations on entrepreneurship. Simpson informed: “We are in the process of signing a MoU with IMI on a different agenda. IMI is known for its specialisation in entrepreneurship, knowledge management and technology management. They have a research centre, which is similar to ours. So we are looking towards collaborations in these areas as well as in curriculum development in entrepreneurship.”

Tapping the potential economic power seems to be its mission as the B-school has already initiated stronger associations with Chinese universities.

With Tsinghua University, it is going to offer its Doctorate of Business Administration (DBA) programme, while with Xiamen University, considered to be the Harvard of Asia, in the province of Fujian, it is collaborating in its research activities. Speaking on its programmes, Simpson said: “We place our part-time executive MBA programme at the top of the rung followed by our full-time MBA programme and then our DBA programme.”

Following is the text of Prime Minister Dr. Manmohan Singh’s address at the inauguration of Infosys Leadership Institute in Mysore (Karnataka), today:

“I am extremely delighted to be here today. I have been an ardent admirer of the outstanding work being done at infosys under the inspiring leadership of both Dr. Narayana Murthy and Dr. Nandan Nilekani. Dr. Narayana Murthi has become a national icon, a global brand name, a source of great inspiration for young entrepreneurs and a role model for CEOs worldwide. You must all be truly proud to be working under the leadership of such inspiring men. Infosys has set a new benchmark in entrepreneurship, in corporate governance, in intellectual productivity and has lived upto the Gandhian notion of “simple living and high thinking”.

Before I proceed with the rest of my speech, I would first like to commend the role played by our IT industry and IT professionals in brining India on to the world map and being counted as one of the knowledge powers of the world. This is not an achievement which came about overnight. This is the result of years of investment, enterprise and hard work – by individuals, by academic institutions, by enterprises such as Infosys and to some extent, by the Government. When I took over as the Finance Minister, the country was passing through the most acute financial crisis ever in its history and there was a worry about the economic prospects of India. Just a decade later, it was heartening to see that outsourcing of jobs to India was one of the hottest topics in the US election debates. The rise of India as an economic power, particularly as an IT power, figures in the discourse of all seminars, conferences and writings on the subject. Whereas the economic development of India has been multifaceted, the role of IT in breaking traditional mindsets about India’s capabilities, its ability to make world class products and to compete on an equal footing, is remarkable and it is probably the single biggest reasons for India occupying so much “Mind Space” among the investment community in the world. I salute the entire IT community for its contribution to the success of India in this regard.

I am particularly pleased to be here in this historic city of Mysore to inaugurate the Infosys Leadership Institute, because “leadership” is what Infosys has been all about. One cannot but be moved and inspired by the story of Infosys. It is not just a classic “rags to riches” story of a company that grew from $250 to $12.5 billion. The media has of course celebrated that aspect of wealth creation by Infosys. What truly inspires me is the manner in which a group of educated and talented young men have been able to convert ideas into products, jobs and incomes. In so doing, they have given hope to a new generation and placed India on the world map in a new area of business activity and Intellectual creativity. What is equally important is that the Infosys experience has inspired many others such as, Hyderabad, Chennai, Pune and Gurgaon to follow suit.

Infosys also symbolizes the new phase of confident globalisation of Indian enterprise. When we launched economic liberalisation in 1991 there were many skeptics who wondered whether the opening up of the economy would not result in de-industrialisation and the so-called return of the “East India Company”. The experience of the past decade and a half shows that Indian enterprise has risen to the challenge and proved that it is indeed globally competitive. Our share of world exports has gone up, no down. If services exports are properly accounted for it can be shown that in the past decade our export performance has been even more remarkable.

Today there are many other enterprises like Infosys that have been able to retain talent at home in India so that we Indians can live here and yet be part of the global economy. In the past talented Indians had to migrate to the developed West in search of challenges commensurate with their skills and training. After 1991 we have succeeded in creating at home an environment conducive to the realization of the potential of such talented Indians. It is interesting to see that the words ‘Brain Drain’ now often refer to people from the West coming to India in search of careers.

However, I must point out that a country as large as ours cannot make do with just a few enterprises such as Infosys. We need scores of such centres of excellence. I commit our government to creating a conducive environment at home that will enable more and more Indians to create many more enterprises which will dominate the global stage with their skills, talent and products.

India has to be more economically engaged with the world. We must equip ourselves better to deal with the challenges of globalisation and take advantages of its opportunities. We should work for an India that is more closely integrated with its wider neighbourhood, an India that is an active participant in a new Asian Economic Community, an India that is more open to the free flow of goods and services and can export goods and services competitively to all corners of the world. Ours has been a trading nation since the dawn of civilization. The people of this country have travelled far and wide for thousands of years as teachers and traders. India must be so engaged with the world once again.

This requires greater investment in human capabilities and physical infrastructure. This requires better training at all levels of the knowledge pyramid. From the base of elementary education to the apex of advanced research. Business enterprise in our country must also invest in science and technology development and make more and better use of modern science and technology in business activity.

This increased participation in the world economy offers both new opportunities and poses new challenges. Our Government will invest in the creation of capabilities that enable our people to make use of the opportunities. Equally important, our Government will invest in protecting such people who may not be equipped to deal with the challenges of globalisation. Globalisation has to be a positive sum game and not a zero sum game. If there are any losers, it will be our obligation to provide a safety net that will enable them to deal with the challenge.

I believe the twin responsibilities of Government are, on the one hand, to create an environment conducive to the flowering of private enterprise and individual creativity; and, on the other hand, to take care of those who are marginalized by the development process and empower them with capabilities that enable them to become productive citizens of our society.

Governments are also required to regulate business activity but in an ideal world such regulation must, as far as possible, be self-regulation. This is where corporate responsibility becomes so important. If each and every stakeholder in society functions within the boundaries of law and decency and if we adhere to the rules and regulations of a modern market economy, then Government will have no reason to intervene, regulate or control economic and social life. Once there is such intervention, there is always the risk of its misuse. Infosys has set an example of corporate governance and corporate social responsibility which is a role model for its peers. In commend you for this achievement. I do sincerely hope that all our business leaders adopt the code of corporate governance that you have followed so that the basis for governmental intervention in business activity is taken away. I am not surprised by the number of awards that Infosys has received for good governance and for its corporate management practices. Your voluntary adherence to global best practice disclosure norms and to financial transparency is model behaviour that other Indian firms must imitate.

I hope the Infosys Leadership Institute will be able to help other enterprises follow the path set by you and create the human capabilities required for us to face the challenge of globalisation. India has more than 250 Universities, and may more R&D units, and engineering colleges. It has the world’s largest chain of publicly funded R&D institutions. On an average, more than 3,50,000 engineers and 5,000 Ph.D. scholars graduate from our Universities and Colleges every year. With such a vast pool of qualified, English-speaking scientific and technical manpower, India must be a larger base of research and development activity. We should be able to attract global investment into R&D activity at home. I do think we should put in place the required legal and physical infrastructure that can attract more foreign investment in R&D activity in India. I also intend to establish a Knowledge Commission in the next few months, a Commission headed by a dynamic individual and staffed by committed youngsters, to exploit the latent potential of our knowledge network and leverage it to make India the ‘Knowledge Engine’ of the world. We will aim to be the default choice for all knowledge based activity – a role India has been known for centuries.

It is our endeavour to make India a major player in IT and IT enabled services. Apart from being leaders in software, we must also invest in hardware. Our Government is giving a major thrust to convergence of technologies to broadband connectivity, next generation communications and to e-enabling government at all levels. We are equally committed to bridging the digital divide and to development content and connectivity for rural areas. This requires commitment of both financial and intellectual resources to relevant software applications and to development of local content in Indian languages. I hope Infosys takes the initiative in this regard too.

The Government of India has enacted the IT Act and also issued guidelines for State Wide Area Networks (SWAN) and for e-governance at the Block level. Recently, the National Broadband Policy has also been announced. Broadband would also support interactive education, health and other R&D activities in the country. I am happy that prominent chip companies like Texas Instruments, Motorola, Intel, ST Micro Systems and Cadence Design Systems have all set up their development research centres in India and are fast expanding their operations here. It is also encouraging to see more than 100 multinational companies including GE, Hewlett-Packard, Motorola, Honeywell and Intel, set up research centres here. Several leading global enterprises are eager to build innovation platforms through multi-sourcing of innovations in India. All of this activity helps strengthen our knowledge capabilities and also generate employment.

The service sector has been the most dynamic sector of the Indian economy. Not only has it been growing much faster than the other sectors, but has enabled the Indian economy to be less dependent on the vagaries of the monsoon. It has also been one of the most important contributors to the growth of our trade. The sector, has received far less attention than the manufacturing sector in the past. If we have to have all round development, we need to ensure that enough employment opportunities are created outside agriculture so that the employment profile of our country shifts away from agriculture. This requires a much faster growth of the service sector, not only domestically but also in trade. My Government is committed to create an environment which facilitates the rapid growth of the service sector. This would require the establishment of adequate human resources capabilities, appropriate certification and standard serving institutions, removal of infrastructural and organisational bottlenecks and creating a global awareness of India as a service brand. My Government will ensure that not only will this happen but will happen in a manner that all regions ofthe country benefit from an explosion in services.