Some of our top Indian companies continue to make their mark on the global stage. They also seem to have made it a habit out off beating some of their bigger and more well established global peers in various areas of business expertise. Now, three Indian corporate behemoths, Reliance Industries, the Tata Group and Infosys Technologies - have entered BusinessWeek magazine's list of world's 50 most innovative companies. While the rankings were topped by iPhone maker Apple, the Tata Group ranks 13th, Reliance Industries 15th and Infosys 26th. What's more, the Tata Group and RIL have been ranked ahead of American industrial conglomerate General Electric (17th), German car manufacturer BMW (20th), Japanese auto firm Honda Motor (22nd) and telecom major AT&T (23rd). Wow! Way to Go, India!
Look at government inefficiency, food prices have galloped at an alarming rate over the last few months. Some blame it on the poor monsoons. Some blame it on hoarding by greedy middlemen. In my opinion, the government unknowingly itself is a massive hoarder. As per a report in a financial daily, the stock of rice and wheat in government granaries is way above the minimum requirement. Sadly, much of this excess stock is stored in the open. It either rots or feeds pests. In my view, this is a national shame. We cannot get the basics right in such a crucial area when food prices are spiraling out of control and millions of Indians still go hungry. Such stocks should be stored properly and released in small lots to stabilise prices.
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