Wednesday, August 28, 2013

Some Conflicts And Contradictions

There is no schools and colleges for imparting quality education in majority of villages and towns and even if there are few good schools , majority of Indians cannot afford cost of education there, but UPA government talk of Right To Education.

Food grains are not produced in adequate quantity , if produced,there is no place to store them safely , if kept in FCI there is no proper method to distribute them or sell them at reasonable price and. if Public distribution shops are in the area, the food they sell are not eatable, But our clever government is talking of Food Security Bill and promises to keep 83 crore poor happy.

Indian rupee has not only fallen , entire country has fallen in the eyes of foreign countries , almost entire Indian population has suffered due to price rise and inflation and growth of the country will go negative.

There are several Economists in the Government but the economy of the country is facing the worst crisis now. Central government is full of clever advocate like Sibal but legal system is the weakest.

Scam after scams are exposed, ministers are indulged in corruption, committee after committees are formed to investigate the charges leveled against Netas but it is never proved. Netas are growing wealthier and wealthier but Indian  are  becoming poor. 

Business houses are growing richer but banks are sinking,bank loan availed is not repaid but defaulters enjoy all privileges in the society.

New products are coming in the market, new brands are launched and new shops are being opened not only by Indian business icons but by FIIs too, but number of buyers is coming down and down.

Majority of Indian poor people do not have enough money to save but Indian government are forcing them to have a bank account and banks are forced to open account of every persona and family.

Banks are facing liquidity crisis and do not have enough money to lend but GOI is asking them for credit growth, 

Courts, police and administrative systems are not functioning well but Ministry of Finance tell banks to recover the dues from defaulters by soft methods.

Coal and iron like important raw materials are not available in adequate quantity but GOI wants Industries to grow and want banks to lend them .

No New Industries are established ,no new  jobs have been created but government is talking of solving unemployment problem.No new jobs are added but politicians are talking of quota for some caste or other, some community or the other.

Existing laws are not obeyed, existing rule of laws are not respected, plans are not executed but government always talking of making laws or making best plans and best policies 

There is none to enforce rule, laws and plans into action but always there is debate on such issues on TV. 

Parliament never or seldom discuss and debate on any bill but politicians proudly claim that India is having Parliamentary democracy of superb quality in the world.

India is said to be a developing country but development is not visible in villages , towns and cities.Even pure drinking water and pure food are not available in the market, but India talks of prosperity .

Borders like China , Pakistan , Bangladesh, Mynamar, Burma are not safe but India is said to be powerful country.Pakistan kills army men , beheads them but talks of dialogue for keeping peace and India shamelessly agree to have dialogue for peace knowing very well that there is no peace in the core of heart of Pakistani leadership.

America faced the severest economic crisis in the year 2008 .But Indian leaders claimed that Indian economy is too strong to be affected by Sub-prime crisis of America or England.

America sanctioned a lot of stimulus packages to restore economic health of the country. India which claimed to be decoupled with Sub-prime crisis of USA also sanctioned stimulus packages to Indian Businesses . God Knows why?

Slowly America got success in recovery of economic health and the American government decided to take back stimulus packages in phased manner . But Indian government which allowed stimulus packages to rich did not have courage to withdraw the same though they reduce subsidy on petrol and fertilizer to increase the burden on weak shoulders of poor Indian.

When India faced crisis in 1991 it was said by Indian leaders that the crisis was due to USA invasion on Iraq. This time USA is just contemplating of action on Syria or it is just a rumour that USA may invade Syria , Indian leaders have started telling the Nation that the current economic crisis is the impact of probable threat on Syria.Since Syria is in problem , Indian rupee has started falling.

When India faced economic problems during the tenure of previous Finance Minister it was said by leaders of Congress Party that problems India faced were due to faulty policies of previous NDA government. Now present Finance Minister Mr. Chidambram says that current crisis is due to faulty decision taken by his predecessor Finance Minister.Thanks God ,that he has not blamed BJP for it

Finance Minister advises banks not to increase lending rate to ensure credit growth but advises banks to mobilise retail deposit even if payment of higher rate of interest is to be allowed.

Banks are advised to lend at lower rate of interest knowing very well that banks do not have enough fund to lend because their deposit growth is slow due to lower rates offered by banks on deposits .People of India  who have enough money to keep in bank like to buy Gold and landed property where value appreciation is faster and more .

When loan assets of public sector banks goes bad and NPA level of banks is rising quarter after quarter , it is said by Indian leaders that the health of bank is growing sickness due to global recession.

When biggest bank like Lehman Brothers and biggest Insurance company like AIG failed in USA , Indian government took a lesson that the theory of  "Too big to fall" does not hold good. But Mr. Chidambram still prescribe bigger bank as a medicine to improve the health of Indian sick banks.

GDP growth in India is said to be highest in the world after China but the number of poor to be served by Food Security Bill is said to be 83 crore .It means at least 83 crore Indians have not tasted the fruits of so called GDP growth. On the contrary  USA and other countries which are said to be far behind India in GDP growth , happiness is more in USA, poor are far less in USA than India.

It is said that Indian economy does not face risk , India is shining and growing and developing , India gives good governance and what not.......but Indians are poor, undeveloped and suffering from so many problems , Indian banks are sinking , Indian peace and border security is at stake, social harmony is disturbed, even IAS officers who runs the administration are not happy.

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