Neeyat, Nyaya, Niti to enhance trust
Context: Our governments at the center and states are facing a real governance issue in managing Nyaya and Niti as the foundations of thriving civilized society.
The 3 Guiding Principles for enhanced environment and better governance:
- Neeyat: good intent.
- Nyaya: efficient laws.
- Niti: effective conduct.
Issues with governance:
- Dubious Neeyat: Maligned intent hampers the creation of a positive environment for businesses to prosper.
- Ambiguity in laws: The Supreme Court recently diluted the principle of Promissory Estoppel affecting both the business atmosphere and Niti of the businessmen.
- Nyaya and Niti, being intertwined, showcases the influence of fair and transparent Nyaya over Niti of the businessmen.
- Proper and righteous conduct by citizens is severely inhibited because greed overpowers goodness.
- Failing aggregate machinery of government: The Center-state system has become a liability instead of an asset due to its failure in performing its responsibilities.
- Marred with sloganeering: like Make in India, Vocal for Local, Minimum Government, Maximum Governance, and pragmatic actions are ignored.
Way Forward:
- Nurturing business atmosphere:
- Role of Companies: Bad Neeyat must be deplored while honest risk-taking must be encouraged, the role of National Chambers of Commerce and MSME are due in this regard.
- Public leaders should set an example: while nurturing harmony between the states and lead the public through the process of diagnosis and a shared solution.
- Citizens need to largely operate in the 1st and 2nd quadrants of the following graph for the ecosystem of trust to grow:
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