Friday, April 11, 2014

The good part of it

Thought for the day

“I am so clever that sometimes I don't understand a single word of what I am saying.”

—Oscar Wilde (Irish, 1854-1900)

Word for the day

Slake (v)

To allay (thirst, desire, wrath, etc.) by satisfying.

(Source: Dictionary.com)

Teaser for the day

Sensex is 23K, Narendra Modi is married, Priyanka is politically active, and AK is Gandhian. Has India changed enough or do we want more?

The good part of it

I strongly endorse the traditional belief that “whatever happens, happens for our good only”.
An analysis of the social, political, and economic events of past five years in light of this belief provides reasons for optimism; raises hope; stimulates positive thinking; and slakes much of the pessimism over current state of the nation.
The canvass of the country in past five years has been marked by public revelation of multiple instances of irregularities in allocation of natural resources to private entities (coalgate, 2G etc.); vociferous agitation for strong deterrent against corruption in public offices (Jan Lokpal); public outrage against crime against women (infamous Delhi and Mumbai rape cases); worsening of macroeconomic fundamentals (GDP growth falling to below 5% level, high consumer inflation, weakening currency, fiscal and trade deficit, etc.) and decimation of Congress party in state elections.
In the interim all these developments have caused anguish, dismay, frustration, pessimism and catalyzed a negative feedback loop in socio-economic sphere. However, the mid-term impact of these developments appears materially positive.
For example, consider the following:
(a)   All major parties in the country have committed a transparent, sustainable, judicious and equitable policy for allocation and use of natural resources.
(b)   All major parties have committed to more decentralization and federalization of the political structure of the country.
(c)   Almost all parties have committed to optimum use of water resources of the country. Interlinking of rivers is a common theme running through most manifestos.
(d)   Most parties have pledged strong support for women safety.
(e)   Issues like development of physical and social infrastructure, youth, education, healthcare and employment through industrialization top agenda of almost all political parties.
(f)     Except for few exceptions like FDI in retail, most contentious issues have been avoided. (CPM is exception here, but it is so otherwise too.)
(g)   There is marked improvement in the candidate profile of all major parties. Though complete cleansing of criminal elements is appears some distance away, a strong beginning has definitely been made.
(h)   The public scrutiny of political parties has strengthens and deepened. Never before in history of independent India have major political parties been forced to retract their decisions immediately due to public outcry.
(i)      BJP appears to be emerging a pan India competition to Congress, paving the way for emergence of largely two party/two front political structure in the country in next couple of decades.
You may brush aside these trends as mere rhetoric, but I’m sanguine.
Readers can send their views, comments, criticism to the author at vijaygaba.investrekk@gmail.com
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