|One is out there to destroy the Indian Railways and another one, Indian Economy: A Lethal combination??!!|
The government instead of coming up with some form of reforms to bolster the economic muscles, is after one business house to another, harassing, taxing and humiliating (and what not) them, at the point of a gun....and now the new mantra is government's "Gaar, Gaar, Gaar" on GAAR!!
Now, some groups are also speaking of elevating him to the post of President..........Pooooooooooh!! So, you can understand why his attitude is so arrogant and dictatorial, even at the ripe age of 76 years.
He is now actually a trouble maker for the innocent investors and companies, who see the value of their shares plummet, before their eyes, with the Finance Minister busy in vote bank politics. When we should be actually talking of growth, we are talking of strict control of inflation; when we should be talking of cutting taxes, we are actually talking of controlling the falling INR; when we should be giving incentives to the wind energy sector, his budget proposals are bent on removing all the vestiges of it: it is all mess here due his incompetent policies in the last couple of years. And yes, one more thing, India is after all being run by some lawyers and advocates, whose demonic minds are ruining the country and the economy.
Moreover, rising temperatures and inadequate water supply result in shrinking fruit and vegetable production during summer months, and storing farm produce for long periods in the hot and humid climate adds to difficulties. So, we need investments in the form of making of cold storages--for that business needs cheap loan to keep the prices under control, but alas the government says, "Either you take at high interest rate, or buzz off"--we need to stamp out demand through high interest rate.....As a result, the cost of making a cold storage shoots up. Now when the cost is high the businessman will charge higher, rent, so this increases the price of fruits and vegetables to be kept there---this raises food inflation. When the food inflation shoots up, the RBI and the government talks tough on raising interest rate or the government goes for another round of monetary tightening and then food prices increases again....and the vicious cycle continues....and then the government thinks of starving all.......So, is this a solution to curb inflation? Laughable, isn't it?
At end I would again reiterate that we need to have a finance minister, who is well versed with the current set of economic problems and has solutions for majority of them. The current Finance Minister's body language, shows he is nervous and confused. When an army general is in a state of utter confusion can he win any war??!! Can we solve the economic problems of a country in 2012, with the tools of 1930??!!