Tuesday, March 20, 2012

Now S&P's and Moody's gives a spank on the back of the government
The two agencies cautioned that India's budget for the fiscal year ending March 31, 2013, weakens the government's credit profile, citing concerns over a clear roadmap or specific policies to address fiscal constraints. After the current Finance Minster took office, the situation only turned worst. But he is still clinging to the post like a leech on the back of a buffalo. Simply hiding behind the facade of coalition politics or obfuscating the real issue giving the blame to the global economics at the fall of a hat does not hold good; when the interest of its 100 cr mass is concerned.
The question is, if any of the allies are working against the people's desire then the government must come out clean, instead of harping the same tune again and again, mentioning its inability to convince the coalition partners.
Look at the US economy and compare it with ours--while our leaders systematically destroyed a vibrant economy gifted from the NDA, the Obama administration, actually revived a chequered economy left by the Bush administration. This is the difference between our leaders and US leaders. While our leaders failed to close the terrorist camps in the Pakistan, the US troops came from another continent and gunned down Osama Bin Laden. While we could not hit back in equal strength after 26/11, the US troops destroyed the hateful Taliban regime in Afghanistan, coming from such a long distance--this is US and this is India.
Most of our ruling parties fail to tell the truth in the fear of losing elections. Moreover, the parties like the INC, the TMC (of Ms. Mamta Banerjee), the Communists, etc, come to power mainly showing the minorities, carrot in front of the cart.
The votes for the development hardly takes precedence, the communal politics is the main plank of some of these political parties or else the Muslims would not have voted en mass to the Congress and its allies in the last election pushing the country to this stage; where we could not find a good reform oriented Finance Minister among the 100 cr strong Indian population. Really a disgrace!!
While P Chidambaram siphoned off Rs.60, 000 Cr in the name of helping the farmers, the present one is a novice in the space in which he is a minister. A person who has got specialization, in History, Political Science and Law is running the show of a Finance Minister. It is really a matter of great shame and the result is all confused state of affairs---sometimes it is a case of hilarious clauses to bring  in the new participants in the equity market and sometimes it is dangerous talks of over-riding the judiciary in the matter of penalizing some entities retrospectively. Can we plough a field using cats or dogs, instead of bullocks or tractors?
If the elections are held mainly based on minority appeasement and caste equations, then we should not complain when these kinds of 3rd rated finance ministers, spoils the apple-cart of growth. But the theory gets repeated again and again. In the last elections in Uttar Pradesh, where SP, won  the majority,  Muslim & Yadavs were the game makers. So the caste and ugly communal politics goes on and on....!!
Therefore, we ourselves are responsible for bringing in these kinds of unholy conglomeration who are responsible for our troubles. If Mayabati was an example of the naked show of caste politics, then Congress (INC), TMC, the Communists and Samajbadi Party, etc are the appendages of minority appeasements. These parties make minorities, football in the game of politics.
I also do not understand one thing: when the Muslims see that their fate is not improved by these kinds of governments then why do they vote for the same? A section of Muslims think that by electing only their people, would their situation improve, which is not correct. A good person can come from any community; neither all Muslims are Abul Kalam Azad nor are they all supporters of Osama Bin Laden. In the same neither is all the Hindus Sri Ramakrishna, nor are all like Suresh Kalmadis or Raja.
If we sow a mango tree will it bear jack-fruits?Therefore, it is imperative that while voting we take a little care to vote the development, instead of going in for caste and communal lines.
When the growth is coming down, when the capital market participants are becoming bankrupts, when those working in brokerage houses are either not getting salaries for months or are getting delayed salaries, when in the infrastructure sector, project after project are getting stalled due to lack of funds, when the banks are finding hard to push the loans, when the young entrepreneurs are finding troublesome to carry on the business due to shortage of working capital, when the next door aunty is worried about the employment of his ward, when industrialists are talking about the fall in sales, etc. this government is sadistically trying to beat inflation to death, as if it is the only thing which needs to be addressed at this point of time. In a growing economy, there would be some inflation, but it would be foolish to curtail the growth to some abnormal levels, just to make a section of Indians happy. The government could not highlight the fact that FDI in retail in any case does not mean closing down of all the mom and pop "kirana" shops. When we have gaping fiscal deficit, the government is talking of food security bill.Wow!!
A psychopath RBI team lead by an economist by default, Dr.Subbarao and another economist gone blind, Dr.Subir Gokarn, are in fact running the show, in absence of a Finance Minister. What we have today in the form of finance minister is a joker who is playing economic circus to conjure up, TV audience.
Therefore, as long as this joker does not relinquish the stage, the real show cannot begin. It is unfortunate, that the joker is occupying the stage by force, even as the show tickets are not getting sold.  Therefore, the time has come for the Muslims and Christians to join hands of the Hindus and vote in good government/s or vote out the government/s who play pranks with the Indian economy--after all it is our country, and we have every right to keep the flies away from contaminating the ointment.

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