Tuesday, April 18, 2017

Growth is a collective, consistent and continuous effort

"Nothing strengthens authority so much as silence."
—Leonardo da Vinci (Italian, 1452-1519)
Word for the day
Sententious (adj)
Given to excessive moralizing; self-righteous.
Malice towards none
The pendulum has definitely swung to the other extreme.
We have reached at a point where even blatant rights violation by men in uniform will have to go unchallenged.
Anyone daring to challenge will be trolled down to hell.
What is right and what is wrong - who knows, and frankly who cares!
 
First random thought this morning
Some ancient Hindu scriptures describe the desirable body figure of a woman, to judge her health (fertility). Even today, millions of men in South India apply talcum powder on their face to appear less dark. Many North Indian middle class people almost mourn if a dark girl is born in their families. I have seen some rich Bania families in Delhi, who happen to have inherited dark skins, willing to forgo dowry, if their sons could attract a fair skinned Punjabi girl so that they could have fair skinned grandchild.
So what the hell are we protesting on social media and why are we threatening to arrest a book publisher, who might have unwittingly printed the truths of our society.

Growth is a collective, consistent and continuous effort

·         North Eastern Development Finance Corporation Ltd. (NEDFi), a development bank for the North Eastern States of India.
·         The target under Indira Awas Yojna doubled from 4 lakh units annually to 10 lakh units annually.
·         A National Social Assistance Scheme is been proposed to provide — (a) minimum old age pension of Rs.75 per month to BPL people above 65 years; (b) Rs5000 lump-sum survivor benefits to poor households, on the death of the primary bread earner; (c) sustenance for pre-natal and post-natal maternity care to women belonging to poor households for the first two births. The social assistance package will be complemented by a new Group Life Insurance Scheme of the LIC which will be implemented by Panchayats in rural areas.
·         Mid day meal scheme being run by some state governments has a beneficial impact on child health and attendance. Central government should participate in expansion of mid day meal scheme.
·         Tenth Finance Commission (TFC) recommends a substantial increase in transfers to the States. Despite the severe constraint on the Centre’s resources, the Government has accepted the recommendations.
·         Establishment of IRDA is proposed.
·         Proposal to introduce legislation to establish central depositories.
(Some of the proposals made in the budget speech of Dr Manmohan in March 1995)
The setting up of the Unique Identification Authority of India (UIDAI) is a major step in improving governance with regard to delivery of public services. This project is very close to my heart. I am happy to note that this project also marks the beginning of an era where the top private sector talent in India steps forward to take the responsibility for implementing projects of vital national importance. The UIDAI will set up an online data base with identity and biometric details of Indian residents and provide enrolment and verification services across the country. The first set of unique identity numbers will be rolled out in 12 to 18 months. I have proposed a provision of Rs.120 crore for this project.
(Proposal made by Sh. Pranab Mukherjee in his budget speech February 2009)
An effective tax administration and financial governance system calls for creation of IT projects which are reliable, secure and efficient. IT projects like Tax Information Network, New Pension Scheme, National Treasury Management Agency, Expenditure Information Network, Goods and Service Tax, are in different stages of roll out. To look into various technological and systemic issues, I propose to set up a Technology Advisory Group for Unique Projects under the Chairmanship of Shri Nandan Nilekani.
(Proposal made by Sh. Pranab Mukherjee in his budget speech February 2010)
In my last budget speech I had advised Banks to provide banking facilities to habitations having a population of over 2000 by March, 2012.  The Banks have identified about 73,000 such habitations for providing banking facilities using appropriate technologies. A multi-media campaign, “Swabhimaan”, has been launched to inform, educate and motivate people to open bank accounts. During this year, banks will cover 20,000 villages. Remaining will be covered during 2011-12.
(Proposal made by Sh. Pranab Mukherjee in his budget speech February 2011)
·         Government has initiated an ambitious IT driven project to modernise the postal network at a cost of `4,909 crore. Post offices will become part of the core banking solution and offer real time banking services. I propose to provide `532 crore for the project in 2013-14.
·         A comprehensive and integrated social security package for the unorganised sector is a measure that will benefit the poorest and most vulnerable sections of society. The package should include life-cum-disability cover, health cover, maternity assistance and pension benefits. The present schemes such as AABY, JSBY, RSBY, JSY and IGMSY are run by different ministries and departments. I propose to facilitate convergence among the various stakeholder ministries/departments so that we can evolve a comprehensive social security package.
·         It is proposed to start a fund for urban housing to mitigate the huge shortage of houses in urban areas. I propose to ask National Housing Bank to set up the Urban Housing Fund and, in consultation with RBI.
·         All scheduled commercial banks and all RRBs are on core banking solution (CBS) and on the electronic payment systems (NEFT and RTGS). We are working with RBI and NABARD to bring all other banks, including some cooperative banks, on CBS and e-payment systems by 31.12.2013. Public sector banks have assured me that all their branches will have an ATM in place by 31.3.2014.
(Proposal made by Sh. P. Chidambaram in his budget speech February 2013)
You would be wondering why I am reproducing excerpts from the budget speeches made by various finance ministers from the Congress Party in past 22years.
Well, I just want to highlight three things:
1.    Financial Inclusion is the single largest reform that is taking place in India in past 25years.
2.    This reform is taking place irrespective of the form (minority or majority) and constitution (single party or multi party alliance) of the government.
3.    The current regime has achieved remarkable success in implementing the programs. The government has very ably demonstrated that intent is not sufficient. It needs to be supplemented by strong execution capabilities. But, it cannot be denied that the vision is collective, consistent and continuous, and this fact nourishes the hope...to continue tomorrow

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