New politicians, new ideas, and all new campaigning tactics. Definitely, transparency and equivalent favor to all should be an inseparable part of any democracy, however, is it fair to comment on reputed business houses without proper evidences?
The election season is at its peak and the phase of pointing out flaws in other political groups has traversed every limitation. Though our ancestors too viewed the criticism of competitive forces, however, altogether new techniques have taken over. Political parties, and specifically newly emerged groups have found a safe route to grab publicity.
corporate houses for their relationships with politicians has become
customary. With a view to fetching attention and converting the same
to votes, new political leaders when left with no other evidences of
corruption or mala fide governance come up with 'exclusive
photographs' and 'hot conversations' of other politicians with
industrial entrepreneurs. Surely, the voters pay heeds to such
instances; however, shall our support rely on such factors?
almost every other voter aspires for safe and prosperous job
prospects, where are these opportunities created? Can a nation,
howsoever rich in terms of social aspects, survive without a stable
economy? And, can we think of an economy without corporate houses?
Not just the job-seekers, the shareholders, investors, financial
institutions, creditors, and consumers are affected even with a
slight detriment to the standing of any company. Then why it has
become a trend of today’s politics to convict companies and their
entrepreneurs in a courtroom of its own?
electronic as well as print, has provided an effective platform to
political leaders to share views with the mass. And, what we have
been witnessing since past few months are 'Breaking News', wherein
new leaders come up with some papers and declare the illicit
relationship between a government and a corporate house. That too,
alleging that a common man's money is being mismanaged and unjust
favors are being extended with a view to extract monetary favors from
corporates. Then what? The press conference comes to an end and the
whistle blowers disremember to rely on our judicial system. Easy,
the past recent days, we have seen a political group alleging
extension of unjustifiable courtesies to Reliance Industries. Let me
make you aware that as on March 31st, 2013 the company
engaged 23519 employees for its operations, along with providing
earning opportunities to 29462 temporary employees.
per the survey of Brand Finance, Reliance is the second most valuable
brand in India, hence has abundant shareholders and plays a vital
role in representing the nation’s economy in the global arena.
Those attacking Adani Group must realize that this conglomerate in
energy, logistics, and resources sector extends jobs to 10400
(2012-13) employees and has more than 45000 non-institutional
individual shareholders. Any decadent endeavor to damage company’s
repute will result in a collective loss.
role of industries and corporates is indispensable in any economy.
While a government is expected to introduce measures so as to enhance
domestic and global investment, political groups on the contrary are
on the verge of declaring every corporate house corrupt. Can we ever
think of a state leader who maintains an arm’s length relationship
with corporate entrepreneurs to bring in the prosperity we aspire of?
the government and corporate houses are bound to interact, share
grievances, and come up with united measures to uplift the economy.
Bona fide allegations are what can help overcome corporate
corruption; however, the ongoing scenario will worsen the economic
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About The Author
A Chartered Accountant by profession and Director on the board of Punjab National Bank (PNB), General Insurance Corporation of India (GIC) and Rural Electrification Corporation Limited (REC). Dr. Sunil Gupta is working flawlessly for the economic and social prosperity of India. His Linkedin and twitter handles are @cadrsunilgupta
. Facebook page is CADrSunil