Tuesday, October 23, 2007

Some News


Proposed changes in India’s company law caught my attention. It is almost half the size of current law and works on the principle of lesser regulations and severe punishment.

Governments worldwide focus on principle of “ Not to fail “ which is not an efficient option. This just puts in layers of mindless rules and regulations. Even the government learnings focuses predominantly on what went wrong and not what went right..

A far better approach is lesser controls and a threat of heavy penalties. Why should a majority pay for acts which are likely to be committed by a minority?

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