Shall We Dance

If you have seen this movie [it is very watchable starring Richard Gere, Susan Sarandon and Jennifer Lopez] you would not have missed out on the character played by Stanley Tucci... A bald and non-similing lawyer by the day and a dressed up dancer with a fancy wig and a set of false teeth by the night.... The highlight of Tucci's makeover which he explains at length to Gere is a set of false teeth which is sparkling white and which is permanently held in the grin mode... Of course both come out at the end with much sadness and laughter revealing the real man...

Something similar has been happening to corporate India in the last theree years... the false grin on Budget days has been accentuated by a fancy flase wig of "affirmative action in the form of training underprivileged people and bringing them up to scratch"; to forsetall a veiled threat by the government to bring in affirmative action [read job quota] through legislation....

After the Budget this year the false teeth is out: Following a non-exciting budget from the industry perspective, directives have been sent out by some ministries to select sectors to the effect the the propsed tax hikes should be absorbed by these sectors and not passed on to users thereby initiating a cascading effect on prices... the sectors interestingly are steel and cement - basic commodities for the booming construction and auto sectors....

The wig too is at the verge of being pulled off: One active ministry has sent a directive to large industry associations stating that proposals for affirmative action submitted by them are not enough and are too slow moving... adding that all their members need to state in their annual reports what affirmative action they have taken [read how many underprivileged have been emploed by them in course of the year]

Now that the grin and the wig are out, will we see the real dance of India Inc? I wish we do not have to say "only time will tell" on this one....