{"id":130286,"date":"2021-08-31T20:18:29","date_gmt":"2021-08-31T14:48:29","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=130286"},"modified":"2021-09-01T18:22:09","modified_gmt":"2021-09-01T12:52:09","slug":"how-private-businesses-imperil-our-health-as-well-as-prosperity","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/how-private-businesses-imperil-our-health-as-well-as-prosperity\/","title":{"rendered":"How private businesses imperil our health as well as prosperity"},"content":{"rendered":"\n<p><b><span data-contrast=\"auto\">Source<\/span><\/b><span data-contrast=\"auto\">:\u00a0This post is based on the article \u201cHow private businesses imperil our health as well as prosperity\u201d published in Livemint on 31st August 2021.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p aria-level=\"1\"><b><span data-contrast=\"auto\">Relevance:\u00a0<\/span><\/b><span data-contrast=\"auto\">Corporate Responsibilities, Indian Industries and growth.<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Synopsis<\/span><\/b><span data-contrast=\"auto\">: Private sector receives so much from the government such as tax breaks and subsidies but offers very less in return to the citizens of India. It considers\u00a0<\/span>consumers more as a source of profit<span data-contrast=\"auto\">\u00a0than the reason for its existence.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h5><b>Problems with India&#8217;s private sector<\/b><\/h5>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">The so-called excellent companies,\u00a0<\/span><b><span data-contrast=\"auto\">treat customers in an indifferent\u00a0manner, and<\/span><\/b><span data-contrast=\"auto\">\u00a0they end up cheating not just their consumers but the <\/span><b><span data-contrast=\"auto\">entire economy.<\/span><\/b><span data-contrast=\"auto\"> This <\/span><span data-contrast=\"auto\">culture that employees imbibe seeps into their psyche. Even if some of them step out to become entrepreneurs, they practice the <\/span><b><span data-contrast=\"auto\">art they had learned while employed.<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\">S<span data-contrast=\"auto\">ome of these firms <\/span><b><span data-contrast=\"auto\">conceal data<\/span><\/b><span data-contrast=\"auto\"> regarding\u00a0healthy foods or drinks.\u00a0For example,\u00a0former head of the\u00a0<\/span><b><span data-contrast=\"auto\">Food Safety Standards Authority of India (FSSAI)<\/span><\/b><span data-contrast=\"auto\"> revealed the difficulties that the statutory body has faced in trying to announce standards.\u00a0<\/span><span data-contrast=\"auto\">On one hand, processed and packaged food manufacturers have been stalling efforts on labelling their products with color codes for their fat, salt and sugar content. <\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-contrast=\"auto\">And on the other hand, Indian children suffer <\/span><b><span data-contrast=\"auto\">from obesity and malnutrition<\/span><\/b><span data-contrast=\"auto\">\u00a0because\u00a0food products do not carry adequate information on their sugar content.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\"><strong>S<\/strong><\/span><b><span data-contrast=\"auto\">elf-governance is all but rare<\/span><\/b><span data-contrast=\"auto\">.\u00a0These industry bodies\u00a0implore\u00a0the government to\u00a0<\/span><b><span data-contrast=\"auto\">remove red tape, lower tax rates, provide tax breaks and offer subsidies.<\/span><\/b><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">They want interest rates to go down, which serves business borrowers well, but they have not stepped up and offered something in return.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"29\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Lastly<\/span><\/b><span data-contrast=\"auto\">, industry organizations do not spearhead a campaign on any issue of national significance such as supporting MSMEs by making large firms pay their bills on time. <\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Conclusion<\/span><\/b><\/p>\n<p><span data-contrast=\"auto\">The private sector should be held accountable for matters of national importance as it receives a tiny fraction of the scrutiny that governments face for their acts of omission and commission.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source:\u00a0This post is based on the article \u201cHow private businesses imperil our health as well as prosperity\u201d published in Livemint on 31st August 2021.\u00a0 Relevance:\u00a0Corporate Responsibilities, Indian Industries and growth. Synopsis: Private sector receives so much from the government such as tax breaks and subsidies but offers very less in return to the citizens of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/how-private-businesses-imperil-our-health-as-well-as-prosperity\/\">Continue reading <span class=\"screen-reader-text\">How private businesses imperil our health as well as prosperity<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[8142,1745,216,1969],"class_list":["post-130286","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-consumer-protection-rules","tag-food-safety","tag-gs-paper-3","tag-nutrition","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704722225},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/130286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=130286"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/130286\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=130286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=130286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=130286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}