1)The RBI governor came out with quarterly review of monetary policy and did a mild correction. The bankers and markets were betting on another hike in CRR and squeezing the money supply, but RBI governor took a toned out measured step which will do no harm to anybody.
RBI governor declared in a way that we can’t tackle inflation by monetary policy alone. What we need to realize that Agriculture has stricken back. The supply-demand mismatch for food grains is responsible for price hike and hence, increasing inflation.
However, RBI surprised all of us when it declared another 1% (in a phased manner) hike in CRR which will suck out INR 27,000 Crore from the system. I have a question here and I want a logical answer. Our big ticket companies (Large and Mid Cap) are taking ECB (external commercial borrowing) route and borrowing from foreign countries. The RBI has not put any restriction on ECB yet. It means that money is coming into country through ECB. Then why RBI is making money costlier for common man and small scale industries? Why the small and medium businesses, retail consumers and all the chaps clubbed under “priority sector” category (farmers, truck owners, traders, petty shopkeepers etc) should pay more cost to get money? This is a ridiculous decision. Why RBI and government are out on a killing spree to murder small and budding business enterprises? Can Mr. Reddy or Mr. Chidambaram or Dr. Singh or Mrs. Gandhi explain it?
2)Let’s discuss about what government did about food grains supply demand. The agriculture sector is paying for its negligence and its status shows the true picture of India. Why True Picture? Because 50% Indians are still 100% dependent on agriculture income and the picture has not changed much for these Indians though the time has changed, the governments have changed, the policies have changed. These 50% Indians are ‘Aam Aadmi’ of India. What has not changed is poor implementation of policies, rampant corruption, and low level of education, public investment and absence of efficient corporations in the agriculture sector.
From Nehru to Shastri to Indira Gandhi to Sonia Gandhi, the message is clear – concern for the Aam Aadmi. It is a different matter that in last six decades, most of these politicians have upgraded their status to palatial bungalows in national and state capitals, replete with Jacuzzis and round-the-clock commandos for themselves and their relatives. Their personal choice of vehicles has now changed to Bentleys cars for self use and for gifts to their near and dear ones, while the preferred health destination is London or New York.
Let’s talk about our favorite Aam Aadmi. What has changed for him in last six decades? His children have no access to basic education, he has 100% dependency on Agriculture, He doesn’t had any health care centre but a broken building where dogs don’t take shelter until the outside weather is very harsh. His preferred mode of transportation is Bus (if he is lucky and his village is near to a road) or his barren foot.
Now do we have a court or any mechanism to punish all the politicians and bureaucrats responsible for sorry state of Aam Aadmi and filthy rich status of politicians and bureaucrats? First of all, will Congress take majority of responsibility for the sorry state of Aam Aadmi and come out to explain how much wealth their politicians have? Our bureaucrats have been involved in this party which is not yet over and probably will be never over. Let us remember that our bureaucrats are most intelligent (supposedly) men of the country and most corrupt as well. Our country gives enormous protection to civil servants which no other country in the world does!! Let me explain how. Article 311 in our constitution says no civil servant can be dismissed except after an enquiry. It sounds fair except that such enquiries rarely lead to dismissal. The net effect is once you join a government, central or state; you are there for the life, never mind whether you work or not and are corrupt to the bone.
The origin of this provision lies in the Montagu-Chelmsford reforms of 1919, when under diarchy; Indians were given a minor share in power. The British wanted to protect Indian Civil Servants from the natives, and hence this protection.
Sometimes, I wonder if Ms. Sonia Gandhi takes a casual walk in the streets of present day modern and rural India. She will realize what India is all about. I don’t think this lady has slight idea about India but she is taking rather forcing decisions on Government. Wal-Mart is not allowed (or FDI in Retail is not allowed) but our government allows Reliance to sell vegetables and fruits (I have nothing against Reliance)? Why? Don’t give me logic that Reliance is Indian company…This is golden crap or elegant stupidity. Can I expect a logical answer from our super Prime Minister Lady? The same goes true for SEZ. She makes super elegant stupid comments and judgments which come from her coterie of leaders who are nothing but pimps of businessmen.
Our political parties, in particular, big national parties are not democratic. Look at Congress; it dances to the tune of Ms. Sonia Gandhi. She is number one, number two and number three in Congress leadership. Where is democracy in Congress? BJP is commanded by RSS…BJP leaders will not accept it but it is as true as the son is commanded by his father who still can’t take his own decisions to run home.
3)Let me bring something else to our notice. It is very sad, in fact pathetic to know that standards of deciding poverty are not same for different ministries of Central Governments even after 60 years of independence. Why our ministers and IAS officers could not get time in last 60 years to sit down and define the uniform standards to measure poverty? The Union Ministry of Rural Development and the Union Ministry of Food and Civil Supplies have different sets of BPL figures in Bihar due to different parameters to measure poverty. After several rounds of discussion with rural development ministry, 65 lakh families in Bihar have been declared BPL. But the food and civil supplies ministry has just 50 lakh BPL families on its list and has made arrangements to supply food grains accordingly. Because there is no agreement on figures, 35 lakh desperately poor families in Bihar have been deprived of BPL status and the concurrent benefits.
4)Aussies have been beaten by 10 wickets. It has been the best news from Cricket world to me in last 2-3 years. This team needs to bring down on ground and should be sent to primary schools to learn politeness and behave like a man. Hayden was very happy with the comment that ‘Aussies attack like a bunch of hounded dogs’. Now they have become poor dogs who can’t bark till they win their next match. I had read about Clive Lloyd team who was better (that’s my view) than this Australian team but never behaved against the spirit of gentleman behavior. They were bunch of elegant men who never attacked their opponent’s dignity on or off the field. Leave attack; they never uttered bad words for their opponents and respected them. I will like to bring history in picture. Australians don’t like to talk about their history but I see their hounded dog’s like behavior emanating from their history.
Anyway, Australians were bound to start downward journey but it has came at the worst time for them. I hope they continue their bad run so that entertainment value of Australia matches go high.
