The government is being run by a coterie who understands laws and theories/ postulates like a school teacher, rather than the process of practical implementation. The government's haphazard and lopsided moorings, have only brought misery to the man of the streets. We have an old-bone Finance Minister, who is out of sync with the modern dynamics. He probably thinks, stock market traders are like those gamblers in Las Vegas--so penalize and suck them as much as you can and then arrange for free trips for the current worthless Lady President (Surprisingly Shiv Sena supported her in the name of "Marathi Manus" Concept---a dangerous trend!!) with her family round the globe; with the Ministry of External Affairs clarifying, it to be, "A normal exercise". "It's a normal diplomatic practice that a visiting dignitaries occasionally takes members of his/her family on visiting trips. Hospitality for such visiting dignitaries in such cases is usually provided by the host government. It is not abnormal," official spokesperson in MEA Syed Akbaruddin told reporters. Wow!! CLICK HERE.
This shows that there is lot of difference between a "Copy Book commuting and vomiting" economist and a person, who understands the nuances of the game well and can play the ball on the front foot too, in the slog overs. This actually proves that in all times, the inflation might not come down, even if we have steep upward moving interest rate curve. Now rising Oil prices and weak global cues might further complicate the scenarios. We have lost our place among the peers and have been ranked as one of the most corrupt countries of the world, with a series of big scams, emptying the coffers of many international companies--the on going tug-of-war between the Indian Judiciary and the overseas telecom companies have already soured the sentiments. Vodafone case have already ushered in lot of discomforts in the minds of the international communities. Now the GAAR implementation has blown the final whistle. What is left of the skeleton, named India, is it final journey to the funeral pyre to be turned into ashes.
While a large section of Indians live in abject hunger and poverty, our politicians across the board are busy, to find out who will be the next President of India--a constitutional post, which hardly carries any meaning and could be called a mere luxury, in a country called India. This post should have been abolished long back, and money should have been used in productive sectors; but alas, the power and money hungry Indian politicians, would keep it for their own benefits. The way the things are going on, we might soon land ourselves in a Egypt like situation, where the "Janta Janardhan", will take over the power from these bunch of jokers. Democracy cannot be successful in a country, where still vote are given to elect legislatures, on the lure of money and alcohol. That we are no better than a "Banana Republic" has been proved by our moronic actions like talking of inventing laws, on the bed of the Parliament to tax some entities retrospectively.