"Face the facts
of being what you are, for that is what changes what you are."
—Soren Kierkegaard (Danish, 1813-1855)
Word
for the day
Oleaginous (adj)
Having the nature or qualities of oil.
Containing Having oil.
Malice
towards none
It's rather surprising to see that our market experts are
bothered in equal measure about the French presidential elections and Delhi
Municipal elections!
First random
thought this morning
Arvind Kejriwal is behaving like the puerile young man
who is cutting the branch of the tree he is sitting on.
By tagging anyone and everyone of his party members who
chose to speak against him as "sold to BJP", he has implied that AAP
members and MLAs are saleable if you pay the right price, thus seriously
dissipating the credibility of all AAP members.
Failure is not an option here
In five decades of post Nehru
period, there have been many national movements which have attempted to
redefine the India's social, political and economic milieu.
Most notable of these movements are Naxalite movement of 1960's
spearheaded by Charu Mazumdar and Kanu Sanyal et. al.; Jaiprakash Narayn's
"Total Revolution" in 1970s, V. P. Singh's "Jan Morcha" in
late 1980's, and L. K. Advani's "Ram temple" movement in early
1990's.
Besides, many regional movements have also had notable impact on
the Socio-political order. Kanshiram's movement for social justice to the
bottom of the pyramid, viz., "Bahujan Samaj" is amongst the most
prominent ones.
Though most of these movements have had material influence on our
socio-political order, none of these movements could sustain to achieve a
potent revolution that could catalyze a complete break away from the
politically feudal, economically colonial and socially divisive legacy of
British Raj.
After five decades, the society continues to be deeply
divided on the lines of religion, caste, and community. Socio-economic
inequalities obdurately persist. Social and gender prejudices run deep into
citizens' mindset.
The political consequence is that the populace as a whole
still prefers to closely identify with religion, caste, community, region
rather than the Nation. Reflecting the divide, the elected representatives are
often seen pursuing parochial agenda; sometime at the expense of broader
national interests.
The economic consequence is that we have failed to devise a
"National" approach in economic planning and programming. A
fragmented approach in defining economic agenda, has often led to clash of
regional aspirations and misallocation of scarce national resources. Indian
Railways, various river water disputes, conspicuous regional growth imbalances
and wasteful "tax exempt industrial zones" are some classic examples.
In this backdrop emergence of a strong Nationalist leader in PM
Narendra Modi is a critical developments. Though it's still some distance away
to qualify as a redefining national movements, it appears well on course.
The single most important contribution of PM Modi's efforts to the
social order could be identified as rise of hope in the society in general. It
is particularly significant because this rise in hope has occurred at the
expense of general skepticism over political establishment.
The question is whether this rise in hope will get channelize into
the economic sphere in terms of larger and deeper investment commitments,
improvement in risk profile of entrepreneurs, and better compliance standards.
A failure on part of the government in general and PM Modi in
particular could lead the country into a renewed bout of skepticism, risk
averseness and non-compliance.......to continue
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