What is happening lately, is that somehow or other the system catches up with criminals in politics. This is the positive change in my opinion. The Prime Minister, true to his style, puts forward many new theses, be it economic development or managing the polity or the expansion of our foreign policy perceptions. Though his…
Category: Economics
Our banks don’t reach agri credit targets!
How to trust the Finance Minister? When his record for the farm sector is near zero! Is India’s banking sector healthy? It depends who asks this question and also who answers the question. After the bank nationlisation it is the government that controls the banks (PSBs) and the RBI supervises them. The present government in…
Budget allocations for education and health : Corporate hospitals!
Tele-medicine should reach India’s remote areas. The budget makes generous allocations for education. But not enough for health. The allocations in the budget for national rural health mission allots just less than Rs. 2,000 more ( from Rs.8,420 crore to Rs.10,280 crore). We have a non-speaking Prime Minister and an over-talking Finance Minister.It seems that…
What is missing? An economic vision, a cohesive economic philosophy!
Our economic reforms must have a cohesive economic philosophy The government machinery must act pro-actively to solve the many problems We seem to be living through a very strange phase of our national life. We have leaders, in high offices and others as party leaders. Yet, we seem to be witnessing more routine attendance to…
Special Economic Zones
Something somewhere has gone wrong! Farmer’s interests to be safeguarded first. SEZs are now the buzzword that had created almost an earthquake of sorts! Everyone who is anyone in the government or outside in the corporate sector is pitiching for vast acres of land, prime agricultural land in most cases for what seems to be…
It is time we create A National Co-operative Bank!
To make the co-operative bank network to become more efficient and compete! To attend to the co-operative banks and to accelerate credit to the farm sector. Yes, this was an old proposal but somehow left behind in the current fashions of economic reforms. Even now, see the neglect of agricultural development in the over-all scheme…
How States can become economically advanced?
The new competition among the States is welcome! Intelligent Chief Ministers can make the difference! Economic development is now on everyone’s mind. Only fast economic growth, intelligent use of govt funds, adoption of new technologies, use of human resources, in what is often seen as the merging knowledge economy, we need knowledge workers, to earn…
Inflation control out of bounds?
Finance Minister can’t do much in such matters! Prices of food items rising, inflation a worry the government most just now! There is now an emerging crisis on the economic front. It is the inflation, rather the rising inflation. The word inflation is a difficult word. We don’t think that except some economist experts like…