Vijay Mallya's right about government meddling messing up business

There is some substance to what Mr Mallya says.
The whole issue of government interference in privatized industries is wreaking havoc with the system. The time has come to black and white decision in government control. Thers should be no grays.
One of the biggest stumbling blocks to India shining is the fact that we have a salary system that is totally detrimental to productivity and incentive. That is annual increment system which works no where else in the world. This is also probably the basic cause of increased costs of production. Increments and bonuses should be strictly performance based not time linked.
http://www.deccanherald.com/content/204304/mallya-blames-govt-mess.html