Monday, May 5
Friday, May 2
Sunday, April 20
Saturday, March 8
Friday, December 20
MEASURES TO REINVIGORATE INDIAN ECONOMY
Indian economy is looking to be at a perfect storm. A loose fiscal policy uncorked a spell of high inflation, triggering a tight monetary policy to fight it. The outcome was the economy began to lose momentum. Mismanagement added to woes by way of stalled industrial projects and policy flip-flops. The likelihood that the US will soon begin to roll back almost five years of monetary stimulus adds to the uncertainty.
The recent measures announced by the finance minister P Chidambaram looks quite inadequate to reinvigorate India's economy.
Import duty on gold has been increased thrice in 2013 by a cumulative six percentage points to 10%, in an attempt to rein in the current account deficit, but incremental rise will not solve a structural problem.
At the heart of India's current economic problems is the runaway fiscal deficit. It also happens to be under the direct control of the finance ministry. Chidambaram surprised everyone by announcing a fiscal deficit of just 4.9% of GDP in 2012-13, as this was lower than projected in the budget. This also helped the government regain credibility and was rewarded by an upgrade in the outlook of credit rating agency Fitch.
Still, the situation presents an opportunity to renew the jittery investors' faith in India. The overarching approach has to be to project stability. This will partially undo the damage of the last few years and also draw in the $70 billion Chidambaram forecast as the foreign money needed in 2013-14 to bridge the current account deficit.
The next step should be to follow through on the promised fiscal road map as this will be the single biggest stabilizing influence on the economy. Pulling back subsidies is critical. The food bill, however, sends a negative signal on the government's commitment and suggests an irrational approach to welfare measures. It should not be allowed to sidetrack reforms of fertilizer and fuel subsidies. Retail fuel subsidy today costs the exchequer Rs 379 crore a day and can be tackled through fast price adjustments.
Fiscal stabilization has to be complemented by catalyzing investments. Banks are hobbled by over Rs 2 trillion of bad loans. Here too the government can help by facilitating clearance of stalled projects that are stuck because of poor coordination among different arms of the government. Better systems are only the first steps for unclogging the investment pipeline. A turnaround requires a steadfast policy shift towards incentivizing growth.
Reduce the current account deficit- India adopted LPG policy in 1991 to avoid the precipitated balance of payment crisis since then the value of India's international trade has increased sharply. But a major fact remains same that its import always remains on higher side than its export. The major reason of this factor is its heavy reliance on global trader for import of commodities like oil, natural gas, machinery, electronic goods, gold and silver. India's oil import bill is seen as a major driver of its current account deficit due to global economic volatility in the oil market.
Time demands that India has to increase its global trade partner with whom it can have liberal policies like free trade agreement, currency exchange program, and technology development schemes. This is required to achieve the aim of faster, inclusive and sustainable growth.
Proper implementation of agriculture related schemes- Agriculture and its allied activities are an important of Indian economy but agriculture output of India lag far behind its real potential. With half of our population dependent on agriculture and its allied activities, there is a need of faster growth in farm sectors as even 1% point growth in agriculture is at least 2 or 3 times more effective in reducing poverty than the same growth pattern of non-agriculture sector.
There is a need of adopting modern agriculture practices, major land reform provision to increase land holding and targeted subsidy distribution schemes. There is a sharp requirement in revision of subsidy scheme (fertilizer subsidy, diesel subsidy) of govt. so that only real beneficiary will get the entitled profit and extra burden on exchequer can be reduced.
The authorities are required to provide strong impetus to schemes like BGREI (bringing green revolution to eastern India), RKVY (Rashtriya Krishi Vikas Yojana) etc.
Boosting the secondary sector of the economy, that includes manufacturing, construction and electricity, gas and water supply. But in recent past it has almost shown negative growth pattern that is an alarming for a nation and the more dismal fact is that it has contributed only 15.8% in employment part. There is a requirement of effective plan for this sector like investment in renewable energy program on priority basis. Government has to revamp its number of schemes so that adequate spending in this sector can be done.
Improving the investment-grade credit ratings- either domestic or foreign investment depends ultimately on confidence. As investors want to have a feeling that their money will come back with reasonable returns. There is a need to have revision for high-profile tax policy which created a negative impact on the interest of foreign investors. Committees like CCEA, CCI have to create a positive environment in the market by resolving difficulty of obtaining land and environmental permits. This requires a good amount of cooperation and communication between different ministries of the cabinet.
Increase the transparency of the system to reduce the level of corruption- corruption is one of the most pervasive problems in front of the nation which is assumed to be the major roadblock in the path of growth and development. Red-tapism, bureaucracy and license raj has made such its base that corruption is assumed to be the daily affairs. Excessive regulation, mandated programs and monopoly of govt. on distribution of certain goods and services are major causes of corruption.
The suggestive measures to improve this condition is that government has to implement the anti-corruption policies stringently like citizen's charter act, Right to information, public service bill, e-governance, e-procurement, e-choupal etc. These measures and some others can only reinvigorate Indian economy.
Courtesy :- R. Meghna / civilserviceindia dot com
Friday, November 29
Method of Writing Essay or WA
Method of Writing Essay or WA:-
After getting the topic or deciding the topic :-
1. Start brain storming
2. Write down all the ideas that you about the topic.
3. Do not classify or systematize your points at this stage.
4. Put them on paper randomly as they flow in.
5. Later, arrange the ideas in a logical and sequential manner.
6. Having arrived at the sequence, start writing, giving due care to the introduction, the body and finally the conclusion.
7. Ensure that you have enough time for revision.
8. Remember it is a General Essay or WA and you should not be highly technical.
==============================
Topic : - SC'S NEGATIVE VOTING VERDICT, GOOD OR BAD FOR DEMOCRACY:-
==============================
The Supreme Court made a momentous decision when it held that voters have the right to reject all the candidates contesting polls.
As per existing norms, if a voter goes to a polling booth and does not want to cast his vote for any candidate, he can sign a register saying he does not want to vote.
The Court directed the Election Commission to provide 'none of the above' (NOTA) option at the end of the list of candidates in the electronic voting machines (EVMs) and the ballot papers to allow voters to exercise the option of rejecting all those contesting polls.
It is a remarkable verdict upholding the democratic spirit of our nation. It comes as a respite for the fence sitters who vote for the better of the lot just to ensure that they do their duty to cast vote.
Now, if you feel that none of the candidates are worth for representing, then you need not quit voting, rather vote 'NOTA' thereby sending a strong message to the political parties to field better candidates worth your vote. It would reduce alienation of voters who usually don't come to vote as they are not satisfied with the candidates.
This move is a severe blow to the political parties who takes the easy road to success by fielding criminal candidates on account of their 'winnability' factor.
Now, they will be forced to bring forth candidates with clean background. With this the aam aadmi is empowered with a powerful weapon in the form of NOTA.
Non- acceptance and rejection is an aspect of our fundamental rights to freedom of speech and expression. We, the people are given the power to determine the fate of the nation and now our choices are not limited to the handful of candidates whom the parties field and from amongst whom we are bound to find the better one.
The court has opined that this would gradually bring out a systemic change in the whole election process in the country thereby cleansing Indian political spectrum in the long run.
The parties will take good care of the fact that more than half of the voters are not hard core followers of any particular political ideology and hence they would vote for none, beyond any political pressures and narrow political visions.
Also, this would mandate all the parties to follow a moral code of conduct not just at the time of elections but through out to win credibility and sustain their image. This would help developing better political culture in India.
So, there is not even a shred of doubt, prima facie, that the verdict holds good for the democracy. But, on second thoughts, what if NOTA gets maximum votes in many constituencies then it would literally bring the governance to a standstill.
One plausible suggestion is if NOTA get the highest vote, then the election should be cancelled and contesting candidates should be disqualified. And fresh election should be conducted and parties should be asked to field fresh candidates.
And if in second election, only a candidate who gets more than 50 per cent should be declared winner. Imagine the money, time and resources such a scenario would encompass. Though the verdict seems good in paper, the difficulties while implementing may turn it into a nightmare.
Is it just addressing the symptom, not the disease? Is the remedy worse than the disease? Abstaining from voting or negative voting just allows one to voice your discontent. But then what next? This is one important question to be pondered upon.
If the Election Commission can come up with a practical solution to the same, we could indeed cherish it as a celebration of our democratic ethos. But, till then we will have to keep our fingers crossed.
Courtesy :- Krishna S / civilserviceindia dot com
After getting the topic or deciding the topic :-
1. Start brain storming
2. Write down all the ideas that you about the topic.
3. Do not classify or systematize your points at this stage.
4. Put them on paper randomly as they flow in.
5. Later, arrange the ideas in a logical and sequential manner.
6. Having arrived at the sequence, start writing, giving due care to the introduction, the body and finally the conclusion.
7. Ensure that you have enough time for revision.
8. Remember it is a General Essay or WA and you should not be highly technical.
==============================
Topic : - SC'S NEGATIVE VOTING VERDICT, GOOD OR BAD FOR DEMOCRACY:-
==============================
The Supreme Court made a momentous decision when it held that voters have the right to reject all the candidates contesting polls.
As per existing norms, if a voter goes to a polling booth and does not want to cast his vote for any candidate, he can sign a register saying he does not want to vote.
The Court directed the Election Commission to provide 'none of the above' (NOTA) option at the end of the list of candidates in the electronic voting machines (EVMs) and the ballot papers to allow voters to exercise the option of rejecting all those contesting polls.
It is a remarkable verdict upholding the democratic spirit of our nation. It comes as a respite for the fence sitters who vote for the better of the lot just to ensure that they do their duty to cast vote.
Now, if you feel that none of the candidates are worth for representing, then you need not quit voting, rather vote 'NOTA' thereby sending a strong message to the political parties to field better candidates worth your vote. It would reduce alienation of voters who usually don't come to vote as they are not satisfied with the candidates.
This move is a severe blow to the political parties who takes the easy road to success by fielding criminal candidates on account of their 'winnability' factor.
Now, they will be forced to bring forth candidates with clean background. With this the aam aadmi is empowered with a powerful weapon in the form of NOTA.
Non- acceptance and rejection is an aspect of our fundamental rights to freedom of speech and expression. We, the people are given the power to determine the fate of the nation and now our choices are not limited to the handful of candidates whom the parties field and from amongst whom we are bound to find the better one.
The court has opined that this would gradually bring out a systemic change in the whole election process in the country thereby cleansing Indian political spectrum in the long run.
The parties will take good care of the fact that more than half of the voters are not hard core followers of any particular political ideology and hence they would vote for none, beyond any political pressures and narrow political visions.
Also, this would mandate all the parties to follow a moral code of conduct not just at the time of elections but through out to win credibility and sustain their image. This would help developing better political culture in India.
So, there is not even a shred of doubt, prima facie, that the verdict holds good for the democracy. But, on second thoughts, what if NOTA gets maximum votes in many constituencies then it would literally bring the governance to a standstill.
One plausible suggestion is if NOTA get the highest vote, then the election should be cancelled and contesting candidates should be disqualified. And fresh election should be conducted and parties should be asked to field fresh candidates.
And if in second election, only a candidate who gets more than 50 per cent should be declared winner. Imagine the money, time and resources such a scenario would encompass. Though the verdict seems good in paper, the difficulties while implementing may turn it into a nightmare.
Is it just addressing the symptom, not the disease? Is the remedy worse than the disease? Abstaining from voting or negative voting just allows one to voice your discontent. But then what next? This is one important question to be pondered upon.
If the Election Commission can come up with a practical solution to the same, we could indeed cherish it as a celebration of our democratic ethos. But, till then we will have to keep our fingers crossed.
Courtesy :- Krishna S / civilserviceindia dot com
Thursday, October 24
R.I.P : Manna Dey - An unmatched musical genius.
R.I.P : Manna Dey - An unmatched musical genius.
यारी हैं इमान मेरा, यार मेरी जिंदगी
Prabodh Chandra Dey aka Manna Dey, who was one of the greatest playback singers in Hindi and Bengali films, had his last breath in Bangalore. Honored with titles Padma Shri, Padma Bhushan and Dada Saheb Phalke award, the singer had recorded more than 3500 songs. Also, he lent his voice for Hrivansh Rai Bachchan's longest composition 'Madhushala'. The singer had worked with legendary singers Mohammed Rafi, Kishore Kumar and Mukesh.
via: ToI
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