The finance ministers both State and Centre has done a tremendous in making all of believe that there will be a growth year after year while the budget and budgetary allocation says otherwise and indications are that by the year 2015 India will have a huge burden and every Indian will have few lakhs on his head to repay for the Misgovernance that the political establishment has done with the hard earned money of the taxpayer.
Dr.Manmohan Singh who is definetely one of the architects of Indian Liberalisation during his stinct has finance minister in the Narashima Roa Government, has toed the line of populism when he is in the helm of affairs a Prime Minister, the 7-8% growth which he is talking about is something which is not possible without financial jugglery which every Fianance Minister do with their impeccable speech some with poetry which includes even regional langauges like Bengali... Now that it is clear that nothing big is going to happen because of the Government and nothing unusal will be in the Pranab Mukerji"s Financial Statement for the year 2011-12 which will include only some populist measures for the so called weaker sections of the society, which will definetely include Minority and thereby wooing them into voting for the UPA in the General Elections slated somewhere in future.
We will have some sops for States which doesnt have Congress as some of them are likely to go to the polls during the next year. The Hard working Businessman will have to foot the burden of political establishment Kitschy. The case in focus will be Tamil nadu, Maharashtra and Karnataka which is definetely heading for election during the course of next two years and Congress is out of power in Karnataka will have to harp on their secularistic credential and their messiah and hence the dole out will be better these Three states.
I want to know is there no governing procedure on finance in this country, is the RBI and other nodal Agencies do not bother when the Political Parties dole out cash and Kinds as part of fullfilling their Manifestos, can there not be a Code of Conduct that needs to be maintained or a rule book which will curtail political parties from offering sops like Free Telivision sets, Free houses, Concessional interest rate etc, which presently forms the core of the manifestos. Similarly States should be maintain some reasonable amount of transperancy which should be advertised as to how much of the budgetary allocation that has been used from the Centre, a minimal drawal needs to emphasised for future allocations. For example if Karnataka is given 1000crores for infrastructure and if the Government of Karnataka is not using the fund then the next year allocation should have the barring on the present usage.
The political parties should abstain from promising free bees, sops and reservation, Infact reservation on all aspects of this democracy should be abolished as reservation and freebees are aganist the basic tenets of Liberlisation and hence it should be withdrawn. The subsidies should also go, if the Gas cylinder is costing Rs.700/- it must be sold for that price which will not bleed the economy. Once that is acheived than the taxation will automatically come down as taxation in our economy is inversly propotional to subsidies which many of us fail to realise.
Any party which comes with agenda to share the public weath during their tenure governance should be restarined from taking part in the by Elections and morale code of conduct should be framed and every parties should adhere to it. While student Concessional passes are okay as they form our future, old age men should be given the facility as they have contributed to this economy during their earning days, the earning members and youth should not be give such priveledges as that is the burden to the exchequer and where they will get money, either they borrow or take it from your in the form of Taxes, duties and other levies.
Scientific approach to financial discipline is the answer, we should allow the experts to handle financial, and believe me, we have the best finance minister and equally a expert financial expert in Manmohan singh but they are made to toe the populist line by their respecitve parties, it is better that we stop it now or our Children will come into this world with a huge burden left behind by us and will curse us , for taking
India into a debt track.
Ramesh.V.Naivaruni
Dr.Manmohan Singh who is definetely one of the architects of Indian Liberalisation during his stinct has finance minister in the Narashima Roa Government, has toed the line of populism when he is in the helm of affairs a Prime Minister, the 7-8% growth which he is talking about is something which is not possible without financial jugglery which every Fianance Minister do with their impeccable speech some with poetry which includes even regional langauges like Bengali... Now that it is clear that nothing big is going to happen because of the Government and nothing unusal will be in the Pranab Mukerji"s Financial Statement for the year 2011-12 which will include only some populist measures for the so called weaker sections of the society, which will definetely include Minority and thereby wooing them into voting for the UPA in the General Elections slated somewhere in future.
We will have some sops for States which doesnt have Congress as some of them are likely to go to the polls during the next year. The Hard working Businessman will have to foot the burden of political establishment Kitschy. The case in focus will be Tamil nadu, Maharashtra and Karnataka which is definetely heading for election during the course of next two years and Congress is out of power in Karnataka will have to harp on their secularistic credential and their messiah and hence the dole out will be better these Three states.
I want to know is there no governing procedure on finance in this country, is the RBI and other nodal Agencies do not bother when the Political Parties dole out cash and Kinds as part of fullfilling their Manifestos, can there not be a Code of Conduct that needs to be maintained or a rule book which will curtail political parties from offering sops like Free Telivision sets, Free houses, Concessional interest rate etc, which presently forms the core of the manifestos. Similarly States should be maintain some reasonable amount of transperancy which should be advertised as to how much of the budgetary allocation that has been used from the Centre, a minimal drawal needs to emphasised for future allocations. For example if Karnataka is given 1000crores for infrastructure and if the Government of Karnataka is not using the fund then the next year allocation should have the barring on the present usage.
The political parties should abstain from promising free bees, sops and reservation, Infact reservation on all aspects of this democracy should be abolished as reservation and freebees are aganist the basic tenets of Liberlisation and hence it should be withdrawn. The subsidies should also go, if the Gas cylinder is costing Rs.700/- it must be sold for that price which will not bleed the economy. Once that is acheived than the taxation will automatically come down as taxation in our economy is inversly propotional to subsidies which many of us fail to realise.
Any party which comes with agenda to share the public weath during their tenure governance should be restarined from taking part in the by Elections and morale code of conduct should be framed and every parties should adhere to it. While student Concessional passes are okay as they form our future, old age men should be given the facility as they have contributed to this economy during their earning days, the earning members and youth should not be give such priveledges as that is the burden to the exchequer and where they will get money, either they borrow or take it from your in the form of Taxes, duties and other levies.
Scientific approach to financial discipline is the answer, we should allow the experts to handle financial, and believe me, we have the best finance minister and equally a expert financial expert in Manmohan singh but they are made to toe the populist line by their respecitve parties, it is better that we stop it now or our Children will come into this world with a huge burden left behind by us and will curse us , for taking
India into a debt track.
Ramesh.V.Naivaruni
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