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Showing posts from October, 2017

Fiscal & monetary policy - avoid adhocism, focus on reforms

Thought for the day "There's a difference between a philosophy and a bumper sticker." —Charles M. Schulz (American, 1922-2000) Word for the day Guisard (n) A person who wears a mask; mummer Malice towards none Is P. Chidambaram batting for BJP? For obvious reasons, of course. First random thought this morning Telecommunication, especially digital communication is inarguably at core of almost every economic plan and program in the country. You can't even imagine any development without digital communication capabilities strengthening its foundation. If the font size of newspaper headline is any indication, the imminent retrenchment of 1200 RCom employees is a major national concern. A number of HR experts and recruiters have apparently opined that these employees with 5-10 years of experience will find it extremely hard to get alternative jobs and might have make significant compromise with their p...

Focus on farms, leave industry alone

Thought for the day "If you hear a voice within you say 'you cannot paint,' then by all means paint, and that voice will be silenced." —Vincent Van Gogh (Dutch, 1853-1890) Word for the day Deadwood (n) (in writing) unnecessary words, phrases, or exposition; expendable verbiage. Malice towards none Have you heard of PK lately? First random thought this morning I asked one revenue officer "What is back money"? He said, money has no color of its own. It takes the color of the hand which is holding it. Money held by a clean (compliant) hand is white. Money held by a dirty (non-compliant) hand is black. If that is correct interpretation, then what is this "anti-black money day"? Ain't it effectively mean "anti (non compliant) people day"? If that be so, how could a democratic government afford to be "anti people"! Focus on farms, leave industry a...

Informal sector is core to Indian economy

Thought for the day "For my part I know nothing with any certainty, but the sight of the stars makes me dream." —Vincent Van Gogh (Dutch, 1853-1890) Word for the day Rapprochement (n) An establishment or reestablishment of harmonious relations, e.g., a rapprochement reached between warring factions . Malice towards none The latest opinion polls suggest BJP sweeping both Gujarat and Himachal elections. You may trust these polls or reject them outright. Who cares! First random thought this morning The government has reassured people that (a) PSBs shall meet Basel III capital adequacy norms well within the 2019 deadline; (b) the physical infrastructure development program is on track with maximum focus on transport logistics (railways, roads, waterways and ports); and (c) all GST related problems are being evaluated with open mind. This shall heal some of the ruffled feathers, ignite hopes of recovery in inves...

Jobs will come from services, don't stress manufacturing

Thought for the day "Even the knowledge of my own fallibility cannot keep me from making mistakes. Only when I fall do I get up again." —Vincent Van Gogh (Dutch, 1853-1890) Word for the day Ducky (adj) Fine. Excellent. Wonderful. Charming. Cute Malice towards none What if Gujarat assembly elections are encore of Ahmed Patel RS election? First random thought this morning The current poll campaigning styles of BJP and Congress are completely in contrast to each other. BJP appears to be taking it very seriously, almost making it a "do or die" type situation. Whereas Congress dealing mostly in jokes, almost sounding "we have nothing to lose so let's have some fun at expense of BJP leadership". One does not need much sagacity to tell that something is amiss in both fortresses. Jobs will come from services, don't stress manufacturing The second area of focus identified b...

Economic Growth: Goals are important, so are means

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Thought for the day "I often think that the night is more alive and more richly colored than the day." —Vincent Van Gogh (Dutch, 1853-1890) Word for the day Coleopteron (n) A beetle or any other coleopterous insect. Malice towards none Congress Party at present is like an infant holding a banana in his hand. They are hungry, have adequate food in their hand, but do not know how to eat it! First random thought this morning An increasing tendency is seen amongst almost all political parties to criticize regulators, judiciary and other statutory authorities and panels, if their decisions do not go particularly in their favor. This practice not only raises questions over the autonomy of the constitutional bodies and casts doubts over the proper functioning of democratic apparatus, but also sends signal to the common man about the possible maneuverability of the system. We seriously need to strengthen the ...