Showing posts with label Indian Politics. Show all posts
Showing posts with label Indian Politics. Show all posts

Sunday, August 14, 2011

Independence Day: The Art of Remembering the Nation once a year

A lot of people will wish you today to have a "Happy Independence Day". This is a strange term to me. I can understand if someone says, "Have a Nice Day" or, "Have a Happy Christmas". But how does one have a happy Independence Day? Especially when the Government of that nation leaves no stone unturned to keep you feeling absolutely helpless. The biggest irony of all times is, and has been, that we, the people, who have unlimited power are the ones who are rendered absolutely powerless. We are being systematically kept ignorant (lot of distractions to our minds) and taught to believe that politics is dirty. So we wash our hands off it. And celebrate one calendar day as an ode to "Independence".

Doesn't matter if our Independence was a chance, carefully planned by the US and UK together (mental slavery instead of physical slavery) or it came about due to the violent and non-violent movements by our freedom fighters. However, it is interesting to note that a lot of countries "won" their "independence" in between the years of 1947 to 1950.

There are those who are quick to criticize Gandhi, often blaming him for the creation of Pakistan. I am intrigued by this blame and hatred towards a person who also gave the world a fabled and almost impossible principle of doing things the non-violent way. Are we so morally pure to judge someone else's actions? And does morality give you a divine right to judge people? And what good can ever come out of it? Are we looking for heroes embedded in the pristine garb of perfection? Is Modi a hero? Can't we be human, and accept others as humans, too, and learn to appreciate the little good that people once in a while do? Or will we ignore Valmiki's Ramayana and Kamban Ramayana and focus on his days of being a ruthless, immoral pirate?

History has given us reasons to hate ourselves and wonder if we are really capable of unspeakable horror and  inhumanity. And there are some people who have shown us that may be, we can control our choices, and once a while apologize for our mistakes, and try and do one simple good thing. So will we judge Nelson Mandela for two marriages? Gandhi, for his womanizing? Or creation of Pakistan? Or can we learn to appreciate the little good that comes out of humans once a while and try and become like that, or perhaps, even better? No, we cannot do that. Because that's the hard part. To change our own selves, and to turn the other cheek. Criticism and hatred has always been easy. Especially when History is also reduced to meaning, perception, interpretation and influence. Bringing the other person down is always easy. It frees one from the burden of admitting the good, and following it too.

That's exactly what Congress is doing right now, too, isn't it? Judging Baba Ramdev, Kiran Bedi and Anna Hazare, simply because they are asking the Prime Minister's Office to be accountable. I am aware that the Lokpal Bill isn't entirely a rational one in its entirety. However, it's basic aim is to reduce corruption. That's the big picture. So why isn't the Government stepping forward and improvising on it, rather than pointing fingers as to who's more corrupt? Hasn't the Government lost enough face already?

It's the height of superficiality when Celebrities are interviewed about the Bomb Blasts that tear a city. These celebrities and starlets never take the train  back home, or stand in bus-stops, awaiting their ride back home. They are the ones vacationing in London (Hell, even that's not safe now) and the rest of the world, yet they are called to comment about what they thought of the blasts. Why? Because they'll tell you they condone it, and it was all a bad thing, etc. but if you would ask the people, the media and the government are going to receive a strong response. Because these people have lost limbs, or an earning member perhaps. And they would demand accountability, or worse still, justice.

It's the height of superficiality when MBAs talk about hitting the double digit industrial growth percentile. Corporate India (Tatas and Ambanis) tell FM Pranab Mukherjee that they need more "independence" and "incentives" if they are to compete with China. The thing about China is that it was the first nation in the world that came out with the concept of a SEZ (Special Economic Zone) and vowed to support the smaller industrial units. These SMEs, who started off on small incentives from the Chinese Government are the ones who are playing it large. Cut back to the scenario at the SMEs in India: most of them are planning to shut down. Why? Because their contracts are being given to huge companies who have foreign venture capital assistance, and who have the money to lobby and "please" the Government Officials. The Corporate India today can buy almost anything: natural resources from any corner of the planet, or even a seat in Rajya Sabha. Yet, they need more "incentives".

SMEs are planning to shut down operations, the farmers are also thinking of selling their lands and getting rid of the middle-men, gray markets and negligence of the Food Corporation of India (FCI) for once and for all. These MBAs think that farmlands are a waste of a precious natural resource called "land" and Industries must be set up there, instead. Of course, they can go to malls to have their pizzas and lasagna; these are not grown directly from a farmer's land, are they? Instead, they are artificially produced in a laboratory somewhere. Or better still, they will tell you, we can always export grains from elsewhere. True, export the basic items, and then leave it to the Government to decide the pricing, and let the farmers or the poverty-stricken people beg, borrow or steal to afford it. And if these people happen to be in the Valley, in their desperation, they can always resort to the side-occupation of "terrorsim" like Kasab. That option is also made perennially available by the Government.

The concept of independence about a nation should always come from the individual. Are we free yet, from day-to-day corruption, lacunae of our own morality and attitude. I think am not. Can we strive to better our own selves by thinking of the good deeds of world leaders, saints and philosophers? Can we walk on their principles, or better still, improvise on them? Can we forgive each other's imperfections and mistakes and intentional harms done unto us? Can we be compassionate? Can we adopt a village or a family in a village, a native village, visit them once in 4-5 months, and help them in any way we can? Can we step out to think about others' welfare, too, even in such desperate times? Can we lead by example? Can we change for the better?

If we succeed in doing some good deeds, irrespective of the magnitude, but fierce in intensity of our own will to do it, we can celebrate our own personal independence a year from now.

Tuesday, June 7, 2011

Ramdev, Manmohan Singh and the Art of Misdirection


Last week, my Dad and I were driving to a client's place. There was a road around Shree Nagar, Thane, that needed fixing. Like rest of the city, the Government promised to repair the roads before the monsoons arrived. And unlike rest of the city, this road was actually fixed. However my Dad interrupted my moment long relief by asking me to look at the "finishing" of the recently repaired road. It was bad. Huge chunks of stones were lying right next to the road, the place where cars are parked, and pedestrians walk. 


This observation preceded the following conversation:

Me: "Why doesn't the Government do its job properly? If it decides to get something done after all, why not take the pain to do it perfectly?"

Dad: "This is India, beta.

After 160 seconds. Me: "What if people actually went to the local offices of the Municipal Corporation and demanded that their roads be fixed properly, and not budge until and unless the Government agrees to do so?"

Dad: "Then the Government will call for Police and tear gas, and more tear gas."

Me: "- but they wouldn't fix the problem [?]"

Dad: "No. That they won't."

That was more or less the end of the discussion we had. Two days later, Ramdev actually held a fast till the time Government came up with a plan that stated how much Black Money was accounted for, and what would be their next step. Couple of months ago, the Swiss Bank actually conceded to the demand of providing details to the respective governments around the world about the accounts held by the latter's citizens. India was one of them. Astronomical figure of black money was stashed by Indian (take a guess) Politicians, of course. 

Now Ramdev took to this cause. This was in the spirit of the international popularity and praise earned by Anna Hazare's Lokpal campaign. Guess he also wanted a slice of this earnest respect. We all know he enjoys being called the harbinger of prosperity and peace, through Yoga. If the magnificent Judi Dench decided to grace us with her cameo appearance in the latest installment of Pirates of the Caribbean franchise, who are we to judge, really, about people's claim to a few moments of fame? 

A lot of people, including me, thought that Ramdev's move was politically motivated. And let's face it, he can never be compared to a man as saintly as Anna Hazare. Anyway, let's not cloud our perspective. Back to objectivity: so, Ramdev really goes on a fast-cum-rally in New Delhi. Congress tells him that he's on a hit-list of dangerous terrorists. Baba says well, humour me more. Congress then calls the super cops, unleashes tear gas on the thousands of "supporters" of the cause of Yoga/ Ramdev/ Black Money accountability.

This obviously is noticed by the Opposition and they compare the entire incident to be a reminiscent of the Dark Times of Emergency circa 1975-77. Anna Hazare asks what is the difference between the white English and dusky Indians and says the incident is akin to the  Jallianwala Bagh massacre

The Congress bites its nails, and then publishes a report on how Ramdev has 34 companies, one of them being a front for supplying popular Ayurvedic medicines, and how the turnover goes up to Rs. 1100 crores. Right next to this report, PM Manmohan Singh is justifying why the tear gas was unleashed on the commoners in New Delhi that night.  

On the same page, there's a small but significant news article that says the Government will not try and "woo" Anna Hazare's team. What did Anna Hazare's Team want? They simply wanted to put the Prime Minister's Office under the Lokpal Bill, and hence under the independent authority to be investigated. What is it about the Lokpal Bill that flusters the Government so much? The irony is Ramdev was supporting the PM on this ground!

I wonder what the Government is really trying to do here. Are they trying to hide the accounts of Black Money holders? Are they trying to show that Ramdev really is not the right candidate to lead this anti-corruption movement? Is the Congress trying to indulge in a massive character assassination of someone who stands up and asks for accountability? Or all of the above? We all know that Ramdev's Rs. 1100 Crore assets is actually peanuts compared to the astronomical figures of Black Money held by one politician at any given point. 

If a country's Prime Minister can go to the extent of actually indulging in libel and slander against someone who demands an explanation, an accountability - which is the Prime Minister's job, by the way - what really can be inferred from this? Agreed, even if that "someone" is not really who he seems to be, the Prime Minister's job is to ensure the welfare of its people and respect the spirit of Democracy. It is indeed a serious problem if the Prime Minister is not on the same side as his country's people. 

So basically, no citizen can really stand up and hold the Government accountable. If I were to do it, the Government will tell me to shut up because I've broken so many hearts, and I drive an Audi and have a bunglow in Alibaug and I killed a rat once in my life and so on. I'd have to be a monk of Mother Teresa's proportion to point a finger at the Government. Probably the Congress will dig up some dirt on me, even then. Kudos, gentlemen and Madam, Chanakya would be proud. 


Sunday, May 8, 2011

The US makes Hitler look good

"[...] So I am told this is the Golden Age
And Gold is the reason for the wars we wage [...]"


- A song


A decade ago when the media all over the world screamed as to how some obscure "terrorist" Osama bin Laden had bombed the Twin Towers, little did we know that the world was heading towards a Third World War. 


It might be recalled that a nondescript incident had triggered the First World War with the assassination of one Archduke Franz Ferdinand. It was a curious incident, completely irrelevant: No body saw the coming of the World War I with the assassination of the Austrian crown prince. 


Ditto with 9/11. The only differentiating factor is the magnanimous quantum and reach of Media and Communication in our times. Our decision was ready-made for us: why the US should attack and bring to "justice" the very shabby looking, jehads who ruined the picture perfectness of the great American Dream. They won. We were sympathetic. So much so, we forgot the "eye for an eye" doctrine of retribution which Gandhi warned us about. 


If there is a thing such as a United Nations or the International Court of Justice or some other fancy sounding International Community or Forum, with a spine, back-bone or even neck, the US would have been stopped from taking the matters in "his" own hands. Just a George-Orwell-like reminder of how much eye-wash everything really is, in this world of ours.


Three years after the 9/11 incident, there were hushed voices in the form of documentaries and articles which said that the destruction of Twin Towers and devastation of Pentagon were orchestrated by the US and bin Laden was only an excuse to enter West Asia and re-organisation of oil trade around the world. Our parents thought that conspiracy theories were getting too much attention and after all, America was beloved by all.


The great American Dream was, and unfortunately still is, lust-worthy: Engineers, Bankers, Lawyers, Accountants, Executives, Models, Actors, Astronauts, ... everyone wants a slice of that life.


No one cared to read or find out some ridiculous revelations- back in the US, in the aftermath of 9/11, bars were filled with youngsters craving for sympathy sex and one-night-stands. An excuse for a one-night-stand, are you serious??


The Bill Clinton administration relied on the "intelligence" of bin Laden and his "terrorist" aides for news from Afghanistan and Russia borders. The US then decided it was time to go after the big fish.


For a nation filled with the smartest cops and finest operatives and researchers in the world, finding a man or his outfit should have been a matter of days. 


Now we read of war crimes committed by US troops in Iraq and Afghanistan. Prisoners (read civilians at the wrong place, wrong time) are stripped naked, and forced to masturbate in front of US officers, one of them being a woman (Lynddie England). 


All of this is widely reported. The guy who leaked this news "Classified millitary intel", Bradley Manning, is awaiting a probable death penalty. Well known organisations such as WikiLeaks, and well renowned international newspapers like The Guardian have all carried in-depth, detailed reports as to the crimes that US has committed. 


Prisoner Kasim Mehaddi Hilas testifies regarding his experiences at Abu Ghraib, telling investigators that Private Charles Graner had cuffed him to the bars of a cell window, after Hilas had asked Graner what time it was because he wanted to pray. Graner left him, feet dangling above the floor, for almost five hours. Hilas also detailed events he had witnessed of Graner and some of his fellow soldiers sodomizing and otherwise abusing other detainees. These events were also detailed by other prisoners including some of the victims themselves. 


According to Hilas, Graner also "repeatedly threw the detainees' meals into the toilets and said, 'Eat it"


This is just a small account of US' supposed "War on Terror" It's official: the US is in the same league as Hitler, and probably much worse.


Petitions, letters and mass-movements have begun, even in the US, but what will be the outcome of that? A lot of reports have been written and published and read and sympathised with; investigative journalism has been carried out, but what will be the final outcome? Is there a court strong enough to try Donald Rumsfeld, Bush, Tony Blair and Obama? 


Speaking of Obama.. Here's what he said when the US Press asked him to comment on Bradley Manning's detention during the trial for letting out "sensitive information" to WikiLeaks: 


"... I have actually asked the Pentagon whether or not the procedures that have been taken in terms of his confinement are appropriate and are meeting our basic standards. They assured me that they are. I can't go into details about some of their concerns, but some of this has to do with Private Manning's safety as well."


Now that Osama is killed, the US is eying Pakistan. It's the new villain. Obviously, India is politically hurt. The US might want to "occupy" Pakistan, just as it occupied Iraq and Afghanistan, and "set things right." If that happens, Pakistan will become just another sorry place like Iraq. And considering some of the radical religious outfits are there in India as well, it will be a matter of time when US might want to step-in here and "set things right". India has always played the gracious, nervous host to the US (who doesn't?) and we might as well be seen as a country committed to fighting terrorism. 


But will our Government be able to protect innocent civilians from becoming just another victims of US army boys and girls, who hunt and torture for pleasure?

Tuesday, March 1, 2011

Union Budget 2011-12: Review and Sector Analysis, Major Highlights. What's in it for YOU

First the factual analysis of what is going to be dearer (expensive) and what is going to be cheap. Then we'll look into the effect of the Budget on the economy and the common man at large.


WHAT'S GOING TO COST YOU MORE:
1. Branded Clothes
10% excise duty imposed on ready-made and made-up garments. Consumers are expected to pay around 4-10% more on branded apparel. This is a cause of concern since rising cotton prices have forced the government to hike retail prices by 10% recently.


2. Branded Gold, Bling
Gold was expensive before, but it's become more so, post Budget 2011-12. One per cent excise duty on branded jewellery is back. This is a matter of concern as the prices of gold have increased from 21% (Feb 2010) to now. The prices of polished diamonds has increased over 50%.


3. Hotel Accomodation
Hotel accomodation over INR 1,000/- per day or more, will come under the service tax bracket, along with air conditioned restaurants that have the license to serve liquor. This puts India's travel and tourism industry over six times more expensive than that of Malaysia and Singapore. The industry already pays a luxury tax of over 10-20% in certain states, and with this latest tax burden, it will become the highest tax paying industry in the country.


4. Hospital and Medicare services
You'll have to fork out 5% service tax at air conditioned hospitals and diagnostic centres. 


5. Air travel
Domestic and International air travel will become more expensive w.e.f. April 2011. Service tax on domestic air travel increases to INR 150 - earlier it was INR 100 (economy class) and to INR 750 (business class) - earlier it was INR 500. 


6. Computers
Excise duty exemptions have been withdrawn on hardware items such as computer micro-processors, floppy disc drives, CD-ROM drives, DVD Writers, Flash Memory Drives. They will attract a concessional excise duty of about 5%. Computer manufacturers located outside excise-free zones, will not be impacted as they will avail CENVAT credit. But those located within the excise-free zones will pass the burden to the consumer as the cost of input will now increase.


WHAT WILL COST YOU LESS
1. Nuts - like Pistachios, Raisins, Cranberry
Import duty on pistachios has been cut down to 10% from the existing 30% . On sun-dried seedless raisins, it has been reduced from 100% to 30%. On cranberry products and its juice based products, it has been cut down from 30% to 10%. 
It is interesting to note that there is a bumper growth of pistachios in Paramount Farms, the California based company, and it needs a market like India to offload their surplus. Judging from the FM's generosity, it seems the Indo-US trade talks have definitely taken a headway.


IMPACT ON THE TAX PAYER
1. Taxation exemption limit increased to INR 1,80,000 from INR 1,60,000 
2. Salaried individuals with a taxable income of up to INR 5 lakh may be exempt from filing tax returns. Form 16 issued to salaried employees will be treated as income-tax return. This is a discretion at the hands of the Centre, and it may be notified w.e.f. June 2011.


SENIOR CITIZENS AND SUPER-SENIOR CITIZENS
1. A new category for those above 80 years of age has been introduced: super-senior citizens. For them, income up to INR 5 lakhs is exempt from tax.
2. The senior citizen age limit has been brought down from 65 to 60.


IMPACT ON INDUSTRY/ SECTORS
1. CEMENT
Cement prices may rise up to Rs. 10-12 per bag.  This will add to the cost of construction, and thereby the real estate prices may increase too. The industry currently is struggling with the falling demand and increase price of the input. The fuel cost has risen by about 30%, power tariff by 12-15%, and freight cost by 10-12%. The excise duty rates are slated to be replaced by composite rates having ad valorem and specific component. The customs duty on two most important raw materials of the industry - petcoke and gypsum- are proposed to be reduced to 2.5%.
The government had earlier levied ad valorem rates on the MRP; but now this stands on the sale price. The rate of specific duty over and above the ad valorem rates negates the earlier relief.


2. EXPORT SECTOR
There  have been no relief for the export sector. Experts feel that in the light of fierce competition in international markets, some pro-export policies and encouragement in terms of protection for home currency should have been made available. 


3. OIL AND PETROLEUM
The subsidy pay-out for public sector oil companies has been increased. The industry expected a reduction on duties in petroleum products and crude oil. This is good for the companies as it reduces the impact of global prices of oil, but with no reduction in duties, consumers will still have to pay the existing prices. Two years ago, a barrel cost $24, and now it's at $110. 


4. MSME
Micro and Small enterprises were granted an incremental lending of about INR 5,000 crore through SIDBI. Last year, the government had provided SIDBI INR 4,000 crore for the same purpose. The industry expected an outlay of INR 7,000 crore.


5. SEZ
Bad news for SEZ developers and units, as they now have to pay a Minimum  Alternate Tax (MAT) at 18.5% from their book profits from the next fiscal year. This development annuls all the exceptions specified under the ambitious SEZ Act. The fine print of the Budget however aims at developing a scheme where the SEZ units and developers can obtain tax-free receipts of services and get their refunds in a hassle-free manner.


6. Infrastructure
Undoubtedly, the single most budgetary provision for more access to foreign funds for making roads and highways, the government has allowed NHAI (National Highway Authority of India) to raise INR 10,000 crore through tax-free bonds. This higher FII limit is welcomed by highway developers. FIIs can now invest in domestic construction companies in unlisted bonds, with a  minimum lock-in period of 3 years. The MAT is increased from 18% to 18.5%. In all, INR 30,000 crore outlay is given to the Infrastructure sector. Bifurcations are as follows:
NHAI - INR 10,000 crore
IRFC - INR 10,000 crore
HUDCO - INR 5,000 crore
Ports - INR 5,000 crore


7. Iron & Steel
The Steel industry is content as stainless steel scraps are fully exempt from customs duty. The government has hiked the duty on all variants on iron-ore. Iron ore miners are burdened by 20% of export duty. Iron ore is a precious, fast-depleting natural resource. The government is fully exempting iron ore in a pelletised form so as to encourage the value addition process for fines. 


8. Shipping
The Government has provided for duty free import of spare parts for shipping companies. Earlier, only shipyards were allowed duty free import of spares. Small shipping companies will benefit from this move as they now no longer would have to depend on the shipyards for their requirements. Coastal shipping service operators also welcomed the abatement in the service tax. They are subject to 18.5 % of MAT, though. Out of the INR 30,000 crore outlay to the infrastructure sector, INR 5,000 crore is dedicated to the ports. 


Other Major Developments/ Concerns/ Attempted Policy Reforms of Budget 2011-12 


INFLATION
Excise duty is waived for food and agro-based industries, which involve a large range of equipments used in the sector. Storage facility, warehousing and logistic concerns are also addressed - the government plans to create modern facilities. Mega Food Parks are to be created: 15 during 2011-12 over an expense of INR 400 crore.


BLACK MONEY
The government has suggested the following superficial program to track down black-money:
1. Create an appropriate legislative framework
2. Set up institutions dealing with illicit funds
3. Develop systems and impart skills to manpower for effective action.


AIR INDIA gets a cash injection of INR 5749, out of whic INR 1200 crore through budgetary support, and the remaining is through resource mobilisation. AIR INDIA reported a loss of INR 3472 crore in 2009-10 and INR 5,672 crore in 2008-09.

Sunday, February 27, 2011

Budget 2011 - Highlights

DTC to be implemented from April 1, 2012 

FIIs will be allowed to invest in mutual funds schemes


To replace excise with ad valorem duties for cement: FM
http://tinyurl.com/4eqz5q7

Service tax widened to cover hotel accommodation above Rs 1,000 per day
http://fb.me/wfVnl5d0

Hotels and hospitals now come under the ambit of Service

No excise duty on equipment for UMPPs: FM
http://tinyurl.com/4eqz5q7

Export duty on iron ore pellets withdrawn: FM
http://tinyurl.com/4eqz5q7

20% ad valorem export duty on iron ore: FM
http://tinyurl.com/4eqz5q7

RBI will issue pvt bank licenses

Net revenue loss on account of taxes and duties will be Rs 200 crore
http://tinyurl.com/4eqz5q7

Service tax to result in a revenue gain of Rs 4,000 crore, says FM
http://tinyurl.com/4eqz5q7

PM: Net revenue loss on account of direct taxes will be Rs 11,500 crore
http://fb.me/QOc0Tqra

Revised scheme for vocational course to improve employability of Youth: FM
http://tinyurl.com/4eqz5q7

21,000 cr for Shiksha Abhiyan: FM 

Special allocations for cleaning rivers other than Ganga

National Knowledge Network by March 2012: FM 

Focus on infrastructure development.

Plan to spend 1.6 lakh crore for social projects. 

Rural broadband connectivity to be provided in 3 years; Allocation under Rashtriya Krishi

Union Budget 2011: Remuneration of anganwadi workers up 100%, from Rs 1500 to Rs 3,000/month. Helpers to get Rs 1,500 from Rs 750

BPL pension: Pension eligibility reduced from 65 years to 60 years 

To allocate Rs 58,000 crore for Bharat Nirman Projects. 

Rs 500 pension for those above 80 years as against Rs 200: FM 

Plan to create 150lac metric tons food storage capacity: FM

Government to extend National Health Scheme to workers in the mining sector. 

Allocation to health sector raised by 20 pct to 267.6 bln rupees in 2011/12 

FM: to set up national mission for hybrid and electric vehicles

Companies Bill to be presented in the next Budget

Education stocks APTECT, NIIT, Everonn, EdServe up by 3-5% on Budget Proposals

Relaxation for eFiling norms for small time tax payers 9 lakh ex gratia payment for disabled defence personnel

Agricultural credit limit raised to Rs 4,75,000 crore 

Agriculture-Cold storage facilities to be enhanced 

To speed up justice in the country, propose a fund of RS 1000 crore to build judicial machinery 

Allocation to health sector raised by 20%

Rs 8,000 crore for J&K development

8000 Cr assigned for J&K for development projects: FM 
Funds of Rs 25 Cr and 30 Cr for naxal affected areas: FM 

Age limit for BPL pension eligibility reduced.

No rollback in service tax, to stay at 10 per cent 

Minimum alternate tax raised from 18% to 18.5% of book profits

Threshold income tax limit raised from 1.6 lakh to 1.8 lakh, says Mukherjee

FM: to maintain standard rate of excise duty at 10 pct 

Propose to levy MAT on developers of SEZs: FM 

Exemption limit for general tax payers raised to Rs 1,80,000: FM 

New category of very senior citizens for those above 80 years 

Indian Budget 2011: All subsidy continues to be part of planned expenses: FM http://tinyurl.com/4eqz5q7

FM: to extend 20,000 rupees exemption for investment in infra debt funds for another year

Proposal to reduce surcharge on Corporate Tax. 

Pranab presents Budget, says economy to grow by 9% in 2011-12 

Farmers to get loans at 4 per cent 

Healthcare budget up by 20% 

Personal Income Tax exemption limit raised to Rs. 1.8 Lakh from Rs. 1.6 Lakh 

New series of coins with new rupee symbol to be introduced 
FM: Fiscal deficit 4.6 % in FY12 

Rs 300 cr to be provided as assistance to states for modernising and stamps and registration administration: FM

India Budget 2011 - a Prelude

Finance Minister Pranab Mukherjee is in the Parliament today, unveiling the budget.

It is interesting to note that barely a week before the Budget was slated to be revealed, The Economic Times carried a hard-to-ignore page on how effectively the growth is poised at a ridiculous 9%. Give us a break. The people are vary now of the same tactic that Congress employs every year when the Budget is expected. We all know how Bennett & Coleman's group of newspapers are pro-Congress. No matter what controversies surround the political scenario, especially during the time of the Budget, Congress has nothing but one card to play: the superficial growth percentile.

It's true that while most of the common people of India, wouldn't understand the economic calculation and mostly, what it actually means, or how it affects a house-wife if she wanders off in the vegetable market to buy onions. 'Ignorance is Strength' may well be a popular line straight out of George Orwell's '1984', but it definitely is the case with India and her masses.

There are lot of deficits - not only Fiscal but even Social Justice and Governance - this time to address, the FM thankfully agrees to this and even admits it. But even that's not enough. What will satisfy us is the fact as to what steps and measures are taken by the Government - its origin (in theory, in Parliament today) and evaluation over the next quarter.

The government needs to address basic issues about the levy of Service Tax in some sectors, while the exemption in others. Also, while evaluating the service tax, and the entire philosophy of levying it in some sectors, the government should ask as to who is actually going to bear the burden. Case in point is when the government levied service tax on under-construction property on builders, the latter passed it on to the consumers. The same flat came at a higher price for the common people (balance payment that needs to be paid after construction). The Logistics sector is an unorganised one, and it's time the government thinks about granting the status of an Industry. The environmental agenda (or political?) of Environment Minister Jairam Ramesh needs to be questioned. The Defence Expenditure needs to be controlled too. I don't understand what the Navy is doing if Kasab and his companions came by the sea on the West Coast.

Hopefully by the time the FM finishes his speech today in the Parliament, we'll have something to cheer about. But one thing is for sure: I won't be trusting the Times Group newspapers.

Friday, October 1, 2010

India does it again

The verdict is out: The Ayodhya land is indeed the janmabhoomi of Lord Ram. The Court affirmed this, in light of the report submitted by the Archealogical Survey of India (ASI) which stated that the mosque was indeed built on a "massive Hindu structure" originally built in the tenth century.
The report's credibility is not questioned.
Also, the court has agreed to the fact that the Hindu idols were "forcibly" placed within the mosque in 1992.

The Sunni Waqf Board (Muslim Party) is definitely going to appeal against this order in the Supreme Court. The Hindu Parties are going to appeal too. They are saying, if the Court has already accepted the fact that Lord Ram was indeed born here, then why give the 1/3 rd area to the Muslims?

Experts are wondering if the Court is actually saying that it was alright for the radical Hindus to demolish the mosque structure way back in 1992?

Also, the court affirmed the legal rights of a diety. Thus a "Lord" (equivalent to god in India!!!) could still fight a case, since he/ she enjoys legal rights. And so even this case was fought by a diety, Rama Lala. But since he is treated as a god, isn't he supposed to be mitigate issues of others?

The leading newspaper of the nation, carried the headline, "2:1- Hindus: Muslims". I wonder if this is a sensitive headline in times like these. The case was all about the test of India's secularism and tolerance in time, rather than a property suit.

People are ready to move on; only if our politicians decided to do the same, the case will be closed.

Ayodhya Verdict Analysed