Ummid Assistant

Samsung sets up fund for poor kids' education

US varsity offers doctorate for education professionals

Welcome Guest! You are here: Home » Politics

'No leadership vacuum, India has a very powerful prime minister'

Sunday April 22, 2012 09:45:49 PM, Arun Kumar, IANS

Related Articles

No witch hunt, PM assures civil servants

Asking civil servants to take bold decisions, Prime Minister Manmohan Singh Saturday said the government would not indulge in "witch hunting" against them in the name of fighting corruption.  »

Policy paralysis? Govt, Opp fight over economic advisor's remarks

Comment on reforms not linked to 2014 election: Kaushik Basu

Washington: Asserting that India has a "very powerful, strong and acceptable prime minister," Finance Minister Pranab Mukherjee Sunday rejected a suggestion from corporate America that a leadership "vacuum" was chipping away at India's investment climate.

"How can I comment on the perception of some organisation or institution," he asked when speking to reporters here when asked about a letter from the US-India Business Council (USIBC) to the White House. "I can only state the fact that there is no vacuum in the leadership of the union government."

"And there is a very powerful, strong, acceptable prime minister," said Mukherjee, who was here to attend the spring meetings of International Monetary Fund (IMF) and the World Bank.

Harold 'Terry' McGraw III, USIBC chairman and CEO of McGraw-Hill companies, is reported to have suggested in a recent letter to President Barack Obama's deputy national security adviser Mike Froman that with Indian cabinet ministers busy dousing political fires, powerful bureaucrats were running the show in Delhi.

"What is apparent is that political power is devolving to strong state leaders, and the vacuum at the centre is allowing forces in government to move on issues that are harmful to India's investment climate," McGraw said in the letter.

Referring to his meeting with the US treasury secretary, who had raised the US business community's concern about certain retroactive changes in the Indian tax laws, Mukherjee said he had explained that the proposed changes were "not substantive, but only clarificatory in nature."

The proposed changes to impose retroactive tax on some international mergers that exchange Indian assets announced in the budget couldn't be used to reopen tax cases more than six years old as other legislation existed to prevent this, he repeated to allay the fears of the US business.



(Arun Kumar can be contacted at arun.kumar@ians.in)





 




 

 

 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

 

 

Top Stories

No witch hunt, PM assures civil servants

Asking civil servants to take bold decisions, Prime Minister Manmohan Singh Saturday said the government would not indulge in "witch hunting" against them in the name of fighting corruption.  »

Policy paralysis? Govt, Opp fight over economic advisor's remarks

Comment on reforms not linked to 2014 election: Kaushik Basu

 

  Most Read

France votes as Sarkozy's fate hangs in balance

Millions voted Sunday in the first round of presidential elections in France, a country bogged down by weak economy and high unemployment, issues that may spell trouble for incumbent  »

UN monitors should be from neutral countries: Syria

Syria has said it was ready to facilitate UN monitors, but stressed that a majority of them should be from "neutral countries" like BRICS, which also includes India. Syria also stressed that while it was committed to the UN-backed peace plan, the Western  »

 

  News Pick

Two UP Congress leaders hitch onto Samajwadi Party bicycle

Notwithstanding the bonhomie evident at the recent meeting between Uttar Pradesh Chief Minister Akhilesh Yadav and Prime Minister Manmohan Singh, ties between the state's ruling Samajwadi  »

Where Jesus' language Aramaic lives on in Syrian village

 Far from the sounds of gunfire and civil conflict that embroil Syria lurks an oasis of faith and miracles in this tiny village perched on the rugged mountains. It's one of the last places on earth where the Aramaic language  »

Indian Muslims cautioned to remain vigilant to safeguard Islamic Sharia

The above views were expressed by Maulana Syed Mohammad Rabey Hasani Nadvi, president of All India Muslim Personal Board, (AIMPLB), while delivering his presidential speech in the three-day 22nd convention of AIMPLB here at Hajj House on Saturday. Over 400 delegates from  »

 

Picture of the Day

India successfully flight-tested the Long Range Ballistic Missile (LRBM) Agni-V (A-5) from wheeler’s island, in Odisha on April 19, 2012. With the launch, India stormed into an exclusive club of nations, including US, Russia and China.

(Photo: DPR (MOD))

 

 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.