financetom
Economy
financetom
/
Economy
/
Hope govt reaches out to India Inc to work out solutions to revive growth: Biocon's Kiran Mazumdar Shaw
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Hope govt reaches out to India Inc to work out solutions to revive growth: Biocon's Kiran Mazumdar Shaw
Dec 1, 2019 1:46 PM

Biocon chairperson and managing director Kiran Mazumdar Shaw on Sunday said the government did not want to hear any criticism on the economy while expressing hope that it reaches out to the India Inc to work out solutions to revive growth. Shaw's remarks came a day after veteran industrialist Rahul Bajaj said the people were afraid to criticise the government.

Share Market Live

NSE

"Hope the govt reaches out to India Inc for working out solutions to revive consumption and growth. So far we are all pariahs and govt does not want to hear any criticism of our economy," Shaw said in a tweet.

Bajaj, at an award function on Saturday in Mumbai, had said that there was an "atmosphere of fear" and people were afraid to criticise the government and do not have the confidence that the government will appreciate any criticism.

The audience included Home Minister Amit Shah and Finance Minister Nirmala Sitharaman, among others.

Recently, former prime minister Manmohan Singh, delivering his valedictory address at a national conclave on the economy, said that many industrialists tell him they live in fear of harassment by government authorities.

First Published:Dec 1, 2019 10:46 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Block lifts core earnings view on spending strength, boosts buyback
Block lifts core earnings view on spending strength, boosts buyback
Aug 1, 2024
(Reuters) -Payments firm Block raised its forecast for annual adjusted core earnings on Thursday and boosted its share buyback program, betting on resilient consumer spending and sending its shares up 7.4% after the bell. A tight labor market has afforded job security for Americans, allowing them to continue spending on travel, shopping and dining out, even as interest rates stay...
US Dollar Falls Early Friday Ahead of July Employment Report
US Dollar Falls Early Friday Ahead of July Employment Report
Aug 2, 2024
07:44 AM EDT, 08/02/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Friday, except for an increase versus the pound, ahead of the July employment report being released at 8:30 am ET. Nonfarm payrolls are expected to rise by 175,000, the unemployment rate is seen remaining at 4.1% and hourly earnings are expected to rise...
Wall Street slides after weak data kills early rally
Wall Street slides after weak data kills early rally
Aug 1, 2024
(Reuters) -The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing early gains and closing the first session of August sharply lower after data spurred concerns the economy may be slowing too fast as the Federal Reserve maintains a restrictive monetary policy. Equities were initially buoyed by gains in Meta...
Slow, steady US job growth anticipated in July
Slow, steady US job growth anticipated in July
Aug 1, 2024
WASHINGTON (Reuters) - U.S. employment likely increased at a slow, but still healthy pace in July, which could help to allay fears of a rapid labor market deterioration that had been stoked by a rise in the unemployment rate to a 2-1/2-year high of 4.1% in June. Some of the anticipated moderation in job growth last month was probably because...
Copyright 2023-2026 - www.financetom.com All Rights Reserved