Thought for the day
“I have noticed even people who claim everything is predestined,
and that we can do nothing to change it, look before they cross the road.”
—Stephen Hawking (English, 1942 - )
Word for the day
Flit (v)
To move lightly and swiftly; fly, dart, or skim along.
(Source: Dictionary.com)
Teaser for the day
Imagine how PM Modi will respond to the attempts of
disrupting parliament proceedings!
MMS always sat quietly with a sad looking face and gestures
of helplessness.
Look before you cross the road
In past three years, an overwhelming large number of financial
market participants, entrepreneurs, business analysts and commentators have
expressed their dissatisfaction with the incumbent UPA regime.
The government has been criticized, rather severely, especially
for - its inaction in terms of economic policy and reforms; fiscal imprudence
in pursuing profligate social policies and programs; incoherent foreign policy;
failure of monetary policy in controlling consumer prices; impeding critical
infrastructure projects; incongruent taxation policies; and corruption in high
public offices.
Most of these critiques have called for a change in government.
Co-incidentally almost all of them have favored Narendra Modi to lead the
change. All other alternatives have either been ignored or termed potentially
disastrous.
The opinions are divided amongst the people from the fields of
social service, politics, art & literature, and media. The support for
Narendra Modi in this arena is rather underwhelming. Most of those opposed to
Narendra Modi’s leadership believe that Modi’s socio-economic model is exclusive,
favors crony capitalism, ignores sustainability concerns and therefore is
irrelevant in pan Indian context. Stronger personality of Modi has also been a
matter of concern with many critiques.
In my view, this election is not just about economic development.
Though substantive economic issues like unemployment and high consumer prices
are a matter of prime concern for the populace at large, but the popular debate
is focused more on social issues and personalities.
In my view, the first group is rather unfair to the UPA
government. An independent historical account of UPA regime will discover that
the government did a lot to help the industry and markets. For example, it
provided industry with cheap natural resources; protected domestic industry
from global competition; let the state owned banks fund sub-standard projects
and businesses; provided huge amount of liquidity in the hands of consumers to
create demand; and avoided any fiscal tightening for first 9years of its rule.
Still domestic businesses did not do well and markets suffered;
because industry (except a handful of businesses) has failed to change with the
time and technology. No reasonable government can help them. They are clamoring
for Modi in the belief that he will continue to promote crony capitalism and
crony socialism but little more aggressively, extensively, and vigorously.
The second group is rather unfair to Modi. They are naïve in
their belief that any one person, political party, sect or group of people can
divide India and her people. And if someone seriously believes that Modi can
rule India by discriminating on the basis of religion for long they need to
take some lessons in political science.
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