Union Minister for MSME and for Road Transport and Highways, Nitin Gadkari on Wednesday (25 September) pressed for faster decision making by the judiciary, banks and government to spur growth, create jobs and combat poverty in the nation reports Economic Times.
Holding the court in high esteem, Gadkari said that because of delay in project executions because of court orders led the contractors claiming thousands of crores from the government.
Gadkari emphasised, “Time is very important. Be it the judiciary, political system, IAS officers — they have to take decisions fast… I am okay with people taking wrong decisions, but I dislike honest people not taking decisions”.
Thereafter underscoring the need for a supportive environment from the financial sector, Gadkari said that it was important for the bankers to act quickly. He said, "We need more cooperation from financial institutions. Loans are approved by banks but they are not disbursed."
Gadkari was speaking at the Economic Times CEO roundtable event and pressed that the government, banks and contractors need to work with better synergy, cooperation and communication.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.