Monday 27 June 2016
Wednesday 22 June 2016
The New Delhi Consensus is responsible for the tragic rural scenario in India.
Niranjan Rajadhyaksha has written an article discussing the New Delhi Consensus about the pace and methods adopted for liberalization in India.
http://www.livemint.com/Opinion/4G4tAgaY7vBa35crVffSZO/The-New-Delhi-consensus.html
Along with its pros, he has also said that "Inequality has increased. Many social indicators are still scandalous. Perhaps the most serious failing has been the inability to create adequate jobs in the modern sector to absorb the surplus labour in agriculture".
This has also underlined the blunders in identification of priority areas for economic reconstruction and liberalization. We should have started from those sectors which have been under draconian controls first. Agriculture.
The New Delhi Consensus has resulted in the collapse of rural economy and agriculture leading to lakhs of farmers to commit suicides.
Along with its pros, he has also said that "Inequality has increased. Many social indicators are still scandalous. Perhaps the most serious failing has been the inability to create adequate jobs in the modern sector to absorb the surplus labour in agriculture". This has also underlined the blunders in identification of priority areas for economic reconstruction and liberalization. We should have started from those sectors which have been under draconian controls first. Agriculture.
The New Delhi Consensus has resulted in the collapse of rural economy and agriculture leading to lakhs of farmers to commit suicides.
Monday 20 June 2016
FDI, Technology, scale of operation etc are not for BHARAT
MODI Government has announced the second biggest overhaul of FDI rules. Agriculture and rural economy has been left out it seems.
The govt notification claims that India is now the most open economy in the world for FDI. Two items in the list related to "BHARAT" are:
(1)100% FDI under the automatic route will also be allowed in Animal Husbandry, Pisciculture, Aquaculture and Apiculture without the rider of ‘under controlled conditions' and
(2)100% FDI will now be allowed with government approval in trading (including via e-commerce) of food products produced in India.
BHARAT is waiting!
The govt notification claims that India is now the most open economy in the world for FDI. Two items in the list related to "BHARAT" are:
(1)100% FDI under the automatic route will also be allowed in Animal Husbandry, Pisciculture, Aquaculture and Apiculture without the rider of ‘under controlled conditions' and
(2)100% FDI will now be allowed with government approval in trading (including via e-commerce) of food products produced in India.
BHARAT is waiting!
Wednesday 8 June 2016
Are we waiting for the collapse of social and political structure and the economy?
Why ISIS and Taliban get their soldiers? Why there are thousands of candidates for recruitments for police, army and govt services? Why labour contractors have an unending supply of men and women ready for any work!
(From: An unnecessary revolution- M.A.Venkata Rao The Indian Libertarian, vol 11 (1), p5, April 1, 1963.)
In an article discussing the background of revolutions in Russia and China, Venkata Rao has described the political and social collapse. He also describes the economic condition in India when the Britishers started spreading their rule. See this passage.You will get an idea. It's the collapse of social and political structure and the economy as well that creates such conditions. Should we not be worried? or we should be in a state of perpetual denial?
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