Prez: Gov­er­nors to have key role in New In­dia dream

Hindustan Times (Gurugram) - - Nation - Let­ters@hin­dus­tan­

Gov­er­nors should in­spire and con­nect all rel­e­vant stake­hold­ers in their re­spec­tive states for the cre­ation of a ‘New In­dia’ that is free of cor­rup­tion, poverty, il­lit­er­acy, mal­nu­tri­tion and un­hy­gienic con­di­tions, Pres­i­dent Ram­nath Kovind said on Thurs­day.

He was ad­dress­ing the 48th con­fer­ence of Gov­er­nors and Lieu­tenant Gov­er­nors of states and Union Ter­ri­to­ries here. Kovind said in the “cur­rent par­a­digm of co­op­er­a­tive fed­er­al­ism”, the obli­ga­tion of gov­er­nors to com­mit­them­selvestothewel­fare of peo­ple was more pro­nounced.

“The pres­i­dent said that be­ing an in­trin­sic part of the leg­isla­tive sys­tem in their states, gov­er­nors can pro­vide a new di­men­sion to the de­vel­op­ment of their states by com­mu­ni­cat­ing with leg­is­la­tors, and invit­ing them to Raj Bha­van to de­lib­er­ate on sub­jects re­lated to pub­lic well-be­ing,” a state­ment is­sued by the Rash­tra­p­ati Bha­van quoted Kovind as say­ing.

The two-day con­fer­ence, which be­gan on Thurs­day, was at­tended by PM Naren­dra Modi and Vice Pres­i­dent M Venka­iah Naidu, among oth­ers. Modi said that gov­er­nors can be­come cat­alytic agents for change in the so­ci­ety while up­hold­ing the sanc­tity of the Con­sti­tu­tion.

Tata Con­sul­tancy Ser­vices Ltd’s (TCS) quar­terly rev­enue rose 1.7% in con­stant cur­rency terms in the sec­ond quar­ter from the pre­ced­ing three months, lower than al­ready de­pressed ex­pec­ta­tions, but a 150 ba­sis point boost from pos­i­tive cur­rency move­ment and bet­ter op­er­a­tional ef­fi­ciency helped the com­pany re­port a 3.2% se­quen­tial dol­lar rev­enue in­crease, al­low­ing it to beat an­a­lysts’ ex­pec­ta­tions in the July-Septem­ber pe­riod.

Nonethe­less, the July-Septem­ber pe­riod marks the 12th straight quar­ter when In­dia’s largest soft­ware ser­vices com­pany has ei­ther un­der­per­formed, or at best man­aged to match an­a­lysts’ es­ti­mates in con­stant cur­rency terms.

One rea­son for this pro­longed un­der­per­for­mance is its cur­rent size: TCS, which ended the Septem­ber quar­ter with $4.74 bil­lion rev­enue, now does more busi­ness in a three-month pe­riod than Tech Mahin­dra Ltd, In­dia’s fifth largest in­for­ma­tion tech­nol­ogy (IT) ser­vices com­pany, did in 2016-17. Still, a sub­dued per­for­mance in what is sea­son­ally the strong­est quar­ter for In­dia’s $154 bil­lion out­sourc­ing in­dus­try masks the op­ti­mism ex­pressed by the man­age­ment of TCS.

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