Re:Another power failure in India
by intended on Tuesday July 31, 2012 @11:40AM
(#4317788)
Few things I'd like to clarify -
Order quality is high from the govt contracts, great from firms which use contractors, Most MNCs and hit/miss from other firms.
Large govt contracts are always going to favor large firms, so that was redundant.
I wanted to explain that in the govt projects, the firms that do get it tend to be MNCs or larger firms and the MNCs aren't paying bribes.
There is corruption in the country, and I don't doubt things get twisted.
I'm not portraying India as having a working system. I am saying that it's not as bleak and that reforms are tightening the noose.
For example recently service taxes were changed drastically and that's going to bite into the underground economy and bring more firms into the tax net.
it's a bit complex but in essence the govt has decided that they are going to use the larger more established firms to drive smaller firms to register. And they are now going to use the big firms to essentially collect taxes.
Order quality is high from the govt contracts, great from firms which use contractors, Most MNCs and hit/miss from other firms.
Large govt contracts are always going to favor large firms, so that was redundant. I wanted to explain that in the govt projects, the firms that do get it tend to be MNCs or larger firms and the MNCs aren't paying bribes.
There is corruption in the country, and I don't doubt things get twisted.
I'm not portraying India as having a working system. I am saying that it's not as bleak and that reforms are tightening the noose.
For example recently service taxes were changed drastically and that's going to bite into the underground economy and bring more firms into the tax net.
it's a bit complex but in essence the govt has decided that they are going to use the larger more established firms to drive smaller firms to register. And they are now going to use the big firms to essentially collect taxes.