RE: Vamsi:knowing what we say

["Asher, Mukul Govindji" <ecsasher@nus.edu.sg>]

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[Topics under debate]: GOOD GOVERNANCE
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What can be done to educate relevant bureaucracies, elites, and
businesses
alike on the importance of minimizing transactions costs as well as
hassle
costs?

Any Concrete constructive suggestions to  improve things?

Sincerely

Mukul Asher

-----Original Message-----
From: manish gupta [mailto:ml_gupta@hotmail.com]
Sent: Wednesday, June 23, 1999 10:01 PM
To: debate@indiapolicy.org
Subject: Re: Vamsi:knowing what we say


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[Topics under debate]: GOOD GOVERNANCE
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>From last couple of days Vamsi has been stressing on evil things done
by GOI
as far as telecom sector is concerned, I totally agree with him, it is
not
only telecom sector, rather whole business model (let it be
manufacturing,
retail etc.) GOI/ state Govt. has created such an environment which
promotes
corrupt business practice heavily.

Even today its a big pain to operate a business (probably not with lala
style of retail business)in our country, you probably have to deal with
more
than 20 governmental agencies, which is ridiculous, worst part is
inspectors/governmental agents who come to visits your business are most

of
the time come only for bribe, and they really don't know there business.

You do have to deal with governmental agencies in US, but it is very
streamlined (People who are doing business in US would know that).

Even today to open a simple retail shop, to get approval from the local
govt. for that it takes on an average 3 months in India (It might vary
with
different cities), in US you can open a Corporation in half an hour
without
even visiting any Govt. office, you can get every thing done over the
phone.

I am not putting all these comparisons for people who would always
shrugg
off and say that people have tendency to compare Indian system with US
system, rather I am pointing out some good things about business model
which
is followed over here in US, and we really need not reinvent the wheel,
this
is the system which works (now I've heard enough that just because a
system
works in US does not mean it will work in India).

Credit rating is one classic example, we don't have any official concept

for
this (it is there only in its very traditional form where people use old

reputation as credit). Due to which a particular set of people exploit
public money (by issuing stocks /bonds) and still comes out clean, as we

don't have any credit history for them.

We should rather go ahead and have public service history for each
lawmaker
(central/state/local), which can be made public as and when demanded by
people, any entrepreneur around who'd like to give thought over this
????

Reagards

Manish



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