There seems to be no end to criticism for the economic policies by the Manmohan Singh government as the UPA-II completes three years in power. CNN-IBN's Smitha Nair spoke to Forbes Magazine CEO Steve Forbes and he claimed that the government has made errors at many levels.
Following is an excerpt from the interview with Steve Forbes:
Smitha Nair: Do you think the Manmohan government has shifted the goal post in terms of retrospective taxation going back on some of the promises?
Steve Forbes: I think it just shows confusion. Their purpose is to create an environment for this economy to grow the way it should, which means you bring more and more people in the middle class, there was a sight of it. But because the economy is not growing as fast as it should, they do crazy things like putting taxes back to the early sixties....more
08:06 AM, May 22, 2012