First reactions: India Inc welcomes poll verdict
Nandan Nilekani from Infosys said the verdict is decisive. The message from the people is that the new government should go for bold reforms.
By Agencies |
NEW DELHI: Satisfied over the Manmohan Singh-led United Progressive Alliance all set to form the Government, bankers today said it would help in pushing economic reforms forward, particularly disinvestment in PSUs.
"I am much delighted to see the result. Electorate are sensible. Less dependence on allies will help to form a stable Government...the continuity of the UPA Government is expected to push economic reforms," HDFC Chairman Deepak Parekh told reporters.
Parekh said the Government should disinvest its equity in public sector undertakings and generate revenue rather than going in for steep hike in taxes.
Infosys Technologies co-chairman Nandan M. Nilekani termed the verdict of the 15th Lok Sabha elections "decisive" and said it was a signal from people to the government to go for "bold reforms".
"It is a decisive verdict. The message from the people is that the new government should go for bold reforms," Nilekani said to a national news channel.
"We have huge deficits, mainly large current account deficit. Last year deficits on oil and fertlisers were also high. The Government needs to opt for disinvestment in those PSU companies where its holding is above 51 per cent," Parekh said.
"I think for the first time you will have a government without ideological barriers. In other words, all the supporting allies have no ideological disputes with the Congress. It is more about seats and portfolios. There will be no shackles for reforms," Nilekani added.
"I am much delighted to see the result. Electorate are sensible. Less dependence on allies will help to form a stable Government...the continuity of the UPA Government is expected to push economic reforms," HDFC Chairman Deepak Parekh told reporters.
Parekh said the Government should disinvest its equity in public sector undertakings and generate revenue rather than going in for steep hike in taxes.
Infosys Technologies co-chairman Nandan M. Nilekani termed the verdict of the 15th Lok Sabha elections "decisive" and said it was a signal from people to the government to go for "bold reforms".
"It is a decisive verdict. The message from the people is that the new government should go for bold reforms," Nilekani said to a national news channel.
"We have huge deficits, mainly large current account deficit. Last year deficits on oil and fertlisers were also high. The Government needs to opt for disinvestment in those PSU companies where its holding is above 51 per cent," Parekh said.
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"I think for the first time you will have a government without ideological barriers. In other words, all the supporting allies have no ideological disputes with the Congress. It is more about seats and portfolios. There will be no shackles for reforms," Nilekani added.
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