Thursday, 30 January 2014

Is politics spoiling the economy?

When the ruling party tries a policy flip-flop to acquire votes, we can see it clearly. This is spoiling the self-sufficiency of the people and it is making the people more and more dependent on the government. Government has announced twelve cylinders of cooking gas per household on subsidized rates. We thought we are moving towards more and more self-reliance and not towards dependency. But it seems we are moving towards subsidy model. Why? So that vote banks could be kept. The poor people who are dependent on this subsidy will vote for the party which has announced it. This is a political move which will spoil our economy. Government has to foot the gas bill now. And our deficit will increase we will be burdened with providing this subsidy. Subsidy is bad for our fragile economy. By de-regulation of fuels, we were trying to move on. But this will be a set-back. The play of politics on policy flip-flop cannot be stopped now. Inconsistent policy will give us less and less confidence. to invest. This leads to greater instability. If there is consistency, it would be good for all. But with inconsistency, we have to live in fear of what will happen when government cannot subsidize any more or if it changes its policies again.
This will benefit urban Poor but the rural poor are still dependent on wood for fuel, what subsidy is offered to them? Are they not going to benefit with policies?

Tuesday, 28 January 2014

Ghosts of riots arise

When the vice-president of a dominant Indian political party gave an interview yesterday, he had admitted that his party members were involved in the killing of 3000 Sikhs in the capital in 1984 when Mrs. Indira Gandhi was shot. The police themselves shot 200 men. Police did not stop rioters and were given orders not to leave the police station. No court trials were held for the killings and no accused were not punished; if even 30 years after it had happened no justice has been done, then when will it be?  He had also said that he is not apologising for it. This is enough to make us us all very very angry. Cries of those whose kin had died mercilessly in 1984 in New Delhi, of wailing women and children, still echoing in the memories of families  living here. This is going to be very difficult for his fellow members of the dominant party to talk themselves out of the controversy created by the interview.
He was willing to align with a party whose head has been sent to jail for scams.
Not only this, he was not aware of the phenomenal increase in rise of basic food items (vegetables by as much as 520%.) He would evade answers on key issues. This interview is enough to send the future of his party swirling downwards. 

Thursday, 9 January 2014

Pravasi Bharathiya Divas 2014 celebrated

On January 9,1915, Mahatma Gandhi had returned to India and had changed Indian history--made us a free nation. To remember the day, we have a gathering of Indian diaspora on this day every year(for the last 12 years) This year the theme was "connecting across generations" The our leader had spoke at length on how well Indians are doing. We want Indians living world-wide (Non-resident Indians and Persons of Indian Origin) to connect to their native land. Indian growth rate is high and poverty is on the decline, so Indian can take pride in developments in India. There is much more needed and much much lacking. We are on road to modernity and industrialization. Different sectors like science and technology, industrial manufacturing and health-care offer scope. You can still be part of India's growth and development even when you had left India. You can engage constructively in promoting development in India. Just now the Youth diaspora was inspired to interact with us.
As many as six million Indian work in the middle-east(Gulf countries) We have to constantly deal with their queries, labour rights,  contact with their families, and returnees. Many from the state of Punjab return to India as their have special problems dealing with land rights(inheritance)related issues or marriage rights related issues. There are special courts to settle with their problems. There is "Pravasi Kendra" at Chankya Puri at New Delhi which can help all those who want to reconnect to India long after they had left India. How ever far one has left, culturally Indians are one.

Wednesday, 1 January 2014

New Year--Expectations

There is renewed hope that we would do well this year and the coming years. A new party is born (in New Delhi)and we have make new ways to use democracy for promoting benefits for the average citizen. The economy will do better. Thanks to economic reforms, prices of fruits and vegetables are under control now. The Land Acquisition Policy will come into force from today; the best part of the new law is that it has a provision that private companies can lease the land needed for development instead of purchasing it from the farmer. We are an emerging market and at shining bright as the most promising economy in the world market. Political stability has come as people have started voting for the most able candidate. Income levels of the average Indian has risen, as he buys better food stuffs. To keep up with his demands, we need a second green revolution so that we can provide for the average Indian.  The excess liquidity has been pumped into the Indian economy caused  high price rise in the costs of essential food items(vegetables and fruits). Speculative food prices are high; they will soon come down. It will go on fluctuating as the food items are available in sufficient supply. Prices of real estate has dramatically increased. People are in rush to buy gold or real estate. And there is a credit boom because of the great demand for real estate. Although there is growth, it is jobless growth; farmers are jobless, educated Indians are jobless, and the average Indian youth is disillusioned. Too many people and too few jobs. Because the Indian Rupee is devalued, anyone can start an industry for manufacturing goods, because now the Rupee can buy a lot. Then sell the products at high prices outside India, The value of the Rupee has expanded. Manufacturing sector and other sectors like pharmaceuticals will grow very well.  Foreign investments will reap profits. Government has cleared 1912 Crore road project in the states of Bihar and Maharashtra. When roads are developed fast, economic growth will come faster and faster. Fast tracking of project clearances is going on as 17.68 Lakh worth projects have started last month itself. The new party which has just taken birth will grow and make India stronger economically and make the average Indian prosper.