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Article: Business News
- Article from:
- Business Today
- Article date:
- October 7, 2007
- Author:
CopyrightCopyright 2007 Business Today. Provided by ProQuest LLC. (Hide copyright information)
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Populist Play
The buzz about polls means goodbye to reforms, till after the
elections.
Balaji Chandramouli
The differences between the UPA government and the left parties
over the India-us nuclear deal seem to be pushing the country
towards mid-term general elections. This may well mean the onset of
a nuclear winter for several reform measures that are awaiting the
approval both from the government as well as from Parliament.
For industry, a key issue is the reform of labour laws. The
Textiles Ministry has proposed that export units be allowed to
follow a "hire and fire" policy, but officials say it will face
opposition when the Cabinet takes it up for discussion. Says
Soumitra Choudhury, ...