Raghuram Rajan - No 2nd innings for him

Posted by V P Marwah

So finally the curtains on Raghuram Rajan  RBI Governor have been drawn.No more 2nd term for him.While i appreciate his academic acumen but as RBI Governor he was to cautious in his approach. Maybee that was his style of functioning but the aggressive style of working of Modi Government perhaps did not match his approach towards implementing economic policies of the government of the day. Inspite of repeated request by FM he did not bring down the interest rates,that in my view would have boosted demand & industrial production which in turn would have given a fillup to the markets by way of increased spending & even less NPA'S of banks.With the government relying heavily on infrastructure development & Make-In-India initiative the lower interest rates could have given a big boost by way of private sector investments in these areas.I remember the days of former Prime minister Atal Bihari Vajpai's regime when the interest rates were perhaps at the lowest & this has been the vision & policy of BJP'S economic policy as I understand.So what stopped him from toeing  the government line ? Today many congressmen are batting for him praising his academic capability but they conveniently forget that former PM Dr.Manmohan Singh was perhaps the most celeberated & widely accepted great economist but it was during his regime what happenned to the the economy is known to all.
Let's hope the new RBI Governor while continuing the good work of Dr.raguram Rajan will certainly persue the vision of the economic policies of the government by lowering interest rates & pushing more & more credit in the industry & agriculture.I am sure that stray cases of Vijay Mallya will not deter the Banks to approach the market with a more pragmatic & friendly approach.my best wishes to Dr.Rahuram Rajan for his future endeavours

Falling Ruppee & economic slowdown......Who will come to the rescue

Posted by V P Marwah

 RBI has not cut the interest rates today but why are we depending on RBI  only to bail out this country from the financial mess caused by scams,inefficiency policy paralysis & so on.Our own goverment has to step in instead of depending on RBI.It will have to stop wastefull expenditures like MNREGA,Mid day meal,subsidies on diesel for SUV users & DG sets & the upcoming brainchild of UPA the food security bill & use these funds for infrastructure development.Only this will push the economy & automatically bring down the interest rates & bring a qualitative change in the lifestyles of its citizen.One more thing all projects acrross the country needing  clearances from one ministry to another may be expedited on war foot so that huge amount of money of Banks stuck up there may be released in the economy.Is any body listening..........

National Government at the Centre---Left,Right & Centre made accountable

Posted by V P Marwah

Every politician is saying that the country is facing difficult times.corruption,non performance of governments ,economic situation & sagging image of the politicians are some of the problems which every political party has to address. .Nobody has got a magic charm that can solve all the problems at one go.Every body  agrees that coalition governments are the order of the day &none will get majority on its own then why not a National government at the center  be mooted .Every political party can join the government as per the ratio of the seats won by them.We will have a government sharing all spectrum of polity.When every legislation is discussed & finalized at the standing committee of parliament so as to become an Act then why not give governance a chance.At least we will fin a situation where blame game gets eliminated.But one thing is sure every political party if it wants to serve the nation honestly then it will have to work on a common agenda for governance & see what is good & what is bad for the country.Last but not the least political parties will have to shed their egos for the government to run.Some major decisions can be taken by the government by inviting public opinion so that they also have a say in the governance.

Politics over Assam riots & after

Posted by V P Marwah

Politics & mischief from across the border are responsible for Assam riots & the after shocks being felt in various parts of India. Government must deal with the situation by talking tough measures & punishing the guilty or rather rowdy's who are creating trouble.Before going into the causes or blaming each other for the situation governments must not hesitate in taking strong measures at the cost of vote bank politics. Firstly I appeal to all sections of society to read into the sinister desires of anti national forces & remain calm,in fact help the administration in bringing peace & normalcy by informing them if they come to know of any sinister designs.Governments must find the root cause of the problem & address it without caring for their vote banks & why are our Muslim brotherns demonstrating in every part of  India against Assam violence??Thus falling prey to antisocial & even some anti national elements perhaps from an enemy country & making the situation tense &difficult for the administration.This nonsense must end.Let us all live in harmony,peace & contribute towards making strong & prosperous India.
Jai Hind

Meri Awaz Bhi Suno- Are the politicians trying to scuttle Election Commission?

Posted by V P Marwah

After reprimanding our very own Yuvraj Rahul Gandhiji for the roadshow,congress is trying to scuttle the powers of election commission.By & large EC has been very consistent in its approach towards implementing moral code of conduct,but its also true that there are about 7.5 lakh cases of violation this time.i think that it would be a good idea to form special courts in every district which goes to poll or may be some bench be earmarked for this purpose which shall function from the date of announcement of elections till the results are declared.These courts should be directed to pronounce judgement within 7 days of filling of case.The explanations can be received by E-Mails or hearing be done by video conferencing to avoid delays..Rendering the election commission toothless by the politicians & especially the congress will be very bad for the functioning of democracy & every citizen of this country should opposes this tooth & nail so that the nefarious designs of the politicians are not fulfilled.Maybe political activists,media & even our honorable President should intervene & see that the good work carried on by Election commission does not go in vain.