Three of the top figures of Government of India are in US. They are Finance Minister P.Chidambaram, Dy. Chairman Planning Commission Dr. Montek Singh Ahluwalia and Commerce Minister Anand Sharma. Why these three heavy weights are in US at the same time. It is no secret. It is openly stated that they have gone for getting more investment to India. And for that these ministers are giving presentations of what the government of India will do to help the investors. First of all, the tax concerns of the US investors will be addressed. It means that the tax burden will be reduced. They want to give the message that India is ‘open for business’. The Ministers are already in touch with the corporates and relax every tax rules in India to bring them in.
Is India in such a bad situation, where every rule has to be relaxed to attract FDI? If it is so, who is responsible? It is the same UPA government who has been ruling the country for the last 9 years continuously. Instead of surrendering to the dictats of the MNCs, the government should stand on its own terms.