"I entirely agree with the Chief Economic Advisor, Mr Arvind Subramanian. He has already recognised the problem that data on jobs is not accurate. This is an important and an essential first step to address an issue," he told reporters on the sidelines of inauguration of Synergetic Security operation Centre of SISA, a payment security specialist, here.
"I believe once somebody is in a position has recognised the problem - the problem of lack of reliable jobs data, I am sure the government will be in a position to solve employment problem," he added.
"The data thus collected will help government and companies to make analysis as to what are the areas where we have higher unemployment - in which all states it is high, and which all states it is low, and automatically, we will find out what kind of encouragement we need to give to entreprenuers to create jobs, in certain parts of the country and sectors of the economy," Murthy said. Murthy also said he listens to Subramanian with tremendous attention and care, of whatever he says, because he is a learned and highly qualified person.
"We should not worry about who gets embarrassed, who doesn't. That is not the important thing. I wouldn't worry," he said.
Responding to a query, Murthy said the day a company loses transparency, the business would begin to climb down. "Business may go up and down but what is important is the values cannot go up and down. Transparency, fairness and accountability are the most important attributes of any corporation. The day you lose transparency, then, I believe, that's the day your business starts going down," Murthy said.
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