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A Prime Minister In Peril

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I AM SORRY TO SAY THIS BUT SOME MAGAZINES EQUATE

MANMOHAN SING TO DRITHARASTRA - WHO ALLOWED

INJUSTICE TO FLOURISH KNOWINGLY AND WANTONLY.

BEING TALENTED IS A GOOD THING. HE SHOULD DO JUSTICE TO

THE HIGH POSITION AND IMPORTANT OFFICE HE HOLDS.

WHEN A PERSON'S CHARACTER IS LOST EVERYTHING IS LOST. :tsk:

Dhritharashtra was blind and perhaps not very literate.
Singh could be likened more to Bhishma - educated, talented,
academic and intellectual, blessed with insight.
Yet, Bhishma, by force of circumstances, was forever bound by
a promise he made to Satyavati, with all its subsequent consequences.
Instead of becoming heir to the throne, he surrendred it.
Is Sonia the modern Satyavati? And Singh the modern Bhishma?
 
Don't you feel it is more important for an Indian PM to appear "intellectually very sharp which allows him to connect with the West better, who, whether right or wrong appreciate dealing with sharp folks" before NRI-PIOs than doing the many things useful and necessary for the progress of India?

It is therefore very clear and beyond any further questioning (at least in this Forum) that MMS is one of the two really great Prime Ministers to rule India during the last 40 years. Period.

....appreciate dealing with sharp folks .. like how they initially supported Saddam Hussein, Muammar Gadhafi, AnwarSadat..and so on ? The bottom line is self-interest.
 
..I sincerely felt these were a little too much for an ethnic Indian to boast about, however much he/she may have been benefitted by being in the west, and that too in a forum wherein intellectually மொண்ணை fellows, not living in the west, also participate. Hence my comments pl.
Using such statements like ..." in a forum wherein intellectually மொண்ணை fellows, not living in the west, also participate.." is highly pejorative and derogatory. Please avoid such statements.

By theway, allow me to quote your own signature statement:

Takecare of your thoughts because they become words.
Take care of your
words because they become actions.
Take care of your
actions because they become habits.
Take care of your
habits because they will form your character.
Take care of your
character because they form your destiny,
and your
Destiny will be your LIFE.
H.H.The Dalai Lama
 
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At least bhishma raised his voice a few times. Our neo bhishma opens his mputh only to change foot or is mostly silent. And he is a liar too. He has never said that any of his cabinet colleague is corrupt. Bhishma admonished duryodana openly a few times.

Dhritharashtra was blind and perhaps not very literate.
Singh could be likened more to Bhishma - educated, talented,
academic and intellectual, blessed with insight.
Yet, Bhishma, by force of circumstances, was forever bound by
a promise he made to Satyavati, with all its subsequent consequences.
Instead of becoming heir to the throne, he surrendred it.
Is Sonia the modern Satyavati? And Singh the modern Bhishma?
 
He should be 10' tall, good looking like Dev Anand, he should be able to jump 100 feet in air, should be able to speak in every language on earth, every body should worshiip him, and should be as good an administrator as Ram (oh no he is God), lee quan of Singapore, of course he must be above all corruption, and control all others on Loc Sabha to be free of corruption, he must attend to my personal need. I ran out of all the qualifications Indian PM should have, please add your requirements too.

You get what you deserve, actually you have lot more.

Have you seen yourself in the mirror?????

Dear Prasad,

I understand your sentiments, but lets look at this with all the evidences we have.

1. India in the historical past was very prosperous. - lets see if this is correct ?. Ancient travellers - Marco Polo, Megasthenes, etc have written detailed accounts of our kingdoms, the prosperity of our common people. British researchers during the colonial regime have written extensive accounts of our country - how prosperous our people were, how they all worked together despite the caste heirarchy, how they used to harvest & store the rice to last for 1 to 2 yrs so that they can overcome famine etc.. - SO FAIR TO SAY, ALL OR MOST OF OUR PEOPLE HAD FOOD, WATER & SHELTER DURING THE HISTORICAL PAST, EVEN DURING THE BRITISH DAYS ! - Hopefully no dispute here !

2. MK GANDHI - starts the freedom struggle. 20+ Mil died. - lets see if this is correct !. western accounts by Mountbatten & team have written extensively the destruction caused by the freedom struggle & the subsequent partition. our indian researchers themselves have documented that millions died as part of this. To highlight, MK was very proude to associate himself with the British Masters, studies in london, practised in london/south africa calling the British White Judges as "your honor" & made a lot of money etc.. He got upset when he was thrown out of a train in south africa by the whites, then he started this fight against British. He was 40+ yrs old when he started this. Hang on, the freedom movement was going on for a long time, & he did NOT join all these while - why?? he was worshipping his white masters like many indians who admired the British administration !!! if you want to really want to look for heroes, lets please look at - Veerapandian Kattabomman, Mangal Pandey, Bhagat Singh etc..

3. Nehru - destroyed the entire economy. lets see if this is correct ?.

He implemented land reforms, abolish zamindari system, abolish princely kingdoms. - No dispute here - all documented history !.

Okay, so how did people earn money in the old days & provide food for thier family.?. By all western accounts - these princely kingdoms, zamindars were the entrepreneurs in the past, who employed millions of farmers to till their land & sell them in the market. & they paid these farmers with rice & money however just/unjust this may have been!. hopefully NO dispute on this.

so when Nehru implemented these reforms, all these princely kingdoms/zamindars lost thier land, & hence closed down their farming business !!. How can you do farming with small pieces of land???? Now he gave the land to the farmer - GREAT ELECTION SHOW !!. - So how can the farmer who had NO knowlede on finance & business was expected to till the land & sell them in the maket that too in 1 to 2 acres of land???. you cannot grow anything in such a small piece of land.

so as a natural sequence, all the farmers were destroyed becos they got NO income from all these zamindars. they were reduced to utter poverty, crime & prostitution.

Now you know why that silly raj kapoor was singing those pathetic sad songs in all his movies.

3. Indira/Rajiv - they had absolutely no brains/vision, so they continued the Nehru's license raj & destroyed 100s of millions of people's livelyhood !!

4. PVN Rao - architect/implemented the path breaking reforms !.

5. MMS - now falsely credited with the reforms by Congress becos PVN sidelined the Gandhi family.

all his economic policies are junk/socialist stuff - loan waiver, NREGA, Right to education, Right to food, etc.. are all large govt programs & will bankrupt the country.

Oh not to forget - we have the largest sovereign debt to GDP ratio in the world. Our Moody's rating is 1 notch above -"JUNK RATING".

His RBI monetary policy has been a disaster, he raised the interest rates so much to control inflation, growth significantly slowed down & we are now moving into a recession.

UN published a report that 800+ Mil are in dire poverty. The great MMS immediately asks Montek to lower the poverty line so that the 800+ mil can be lowered.

So if all these are TRUE (happy to debate on any rational objections, any factual inconsistencies/inaccuracies), how can anyone except PV Narasimha Rao can be a Great Prime Minister of this country !.

Cheers,
JK
 
At least bhishma raised his voice a few times. Our neo bhishma opens his mputh only to change foot or is mostly silent. And he is a liar too. He has never said that any of his cabinet colleague is corrupt. Bhishma admonished duryodana openly a few times.

Thecomparison was only metaphorical.
 
At least bhishma raised his voice a few times. Our neo bhishma opens his mputh only to change foot or is mostly silent. And he is a liar too. He has never said that any of his cabinet colleague is corrupt. Bhishma admonished duryodana openly a few times.

It was meant to highlight the common feature that led to their downfall.
 
Using such statements like ..." in a forum wherein intellectually மொண்ணை fellows, not living in the west, also participate.." is highly pejorative and derogatory. Please avoid such statements.

By theway, allow me to quote your own signature statement:

Takecare of yourthoughtsbecause they become words.
Take care of your
words because they become actions.
Take care of your
actions because they become habits.
Take care of your
habits because they will form your character.
Take care of your
character because they form your destiny,
and your
Destiny will be your LIFE.
H.H.The Dalai Lama

Sri Sangom was shielding people like me, so where is the problem when I dont see one.
icon7.png


To be fair, even I inteprested KRS's statement as:
'The West appreciates him and they find him one of the few Sharps left in the country. Why are you folks whining?'
 
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Using such statements like ..." in a forum wherein intellectually மொண்ணை fellows, not living in the west, also participate.." is highly pejorative and derogatory. Please avoid such statements.

By theway, allow me to quote your own signature statement:

Takecare of yourthoughtsbecause they become words.
Take care of your
words because they become actions.
Take care of your
actions because they become habits.
Take care of your
habits because they will form your character.
Take care of your
character because they form your destiny,
and your
Destiny will be your LIFE.
H.H.The Dalai Lama

I do not think the language is pejorative or derogatory at all. I think you have missed the purport to the words expressed by Sri Sangom. Sri Sangom in his own inimitable way has exhorted the trans-atlantic posters to realise that the readers in the forum are NOT 'moNNai fellows" and they do not buy all the stuff peddled out by american media, though NRIs/PIOs/indian-americans are sometimes taken in by the blitzkrieg of the western media. This would have been very evident if you had read some of Sri Sangom's previous postings.
 
When I was in service,my colleague,a Maharastrian from Indian Economic Service cadre used to tell me that Dr.MMS is just a Government Economist
and will repeat the views of the person in power and position.During Madam Indira Gandhi's time,he was telling like a parrot what policies were initiated by
the Madam.Subsequently,he changed his tunes according to the views of then leader whom he was following.He cannot be grouped under Economists like
Mr.Amritya Sen.
I fully agree with the views expressed by Shri.Brahmanyan
Western countries are in the habit of boosting the image of people in power in developing countries
just to serve the interests of western Nations.Dr.MMS and Shri.P.Chidambaram are the examples.
Indian Prime Minister should be a person of masses and capable of getting elected to the LOK Sabha.

MMS is described well and fully by Dr. Subramaniam Swamy, as a wonder - a human without spinal chord! MMS was a favourite of Lalit Narayan Misra who is rumoured to have invited the wrath of Indira Gandhi, but MMS became the governor of RBI after the demise of LNM. Before being posted as RBI Governor, MMS was with the south-south cooperation unit in UN. He was somewhat critical of the North but as if by magic, MMS did a clean and smooth somersault, and was whole-heartedly supporting PVN in the liberalization which meant copying US and becoming its vassal state.

Such flexibility imo goes to confirm Subramaniam Swamy's assessment of the person.

Sonia wanted to exploit her position as Rajiv Gandhi's wife and also the nation to her personal advantage. Abdul Kalaam, acting on Subramaniam Swamy's complaint and further legal advice, would not make her PM. So she selected MMS so that it will be her reign by proxy. She will not trust anyone else in the party because all of them are ambitious and may not always be content to be under her unquestioned leadership.
 
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MMS is an unique personality India ever had as leader of central ministers. He has wiped out all his background neat and clean and there will be no future he would look forward to himself. The GOM and the PM complement each other individually and severally. Now we know what a PM should not be like. When the going is good all economists sound great riding on the crest but when its opposite, these economists go below the ocean bed. It is foolishness to think they can run the country. Only a statesman-politician with robust common sense can only run any country.
 
Dear Sri Sangom Ji,

You have said:
MMS did a clean and smooth somersault, and was whole-heartedly supporting PVN in the liberalization which meant copying US and becoming its vassal state.

I don't understand the connection between liberalization (copying US) and becoming a 'vassal' state.

Are you saying that by turning over many industries (except for the ones that are necessary for Government to control) to private control and thereby promoting competition and true creation of wealth is akin to a nation becoming a 'vassal'state?

If you are saying that, then it is a dogma promoted by Communism/Socialism, which have been proved to be inefficient in terms of handling the investments needed for the economic development in a country, creating little wealth and only distributing the existing wealth among all the people.

In today's world, it is about raising everyone' standard of living by Capital formation and investment. At least that is what I think.

Perhaps you have a better understanding on how the economy works from the viewpoint of your service at RBI.

Regards,
KRS
 
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mms is a gentleman amongst frauds.its a miracle he is still pm.indias problem is not with the leaders but the people who hardly do the sensible things and blame politicians.wish more industries,more educational centers,medical facilities and many civil services are opened and people friendly interaction be availed.with a culture and heritage ancient,its a marvel,what india is.proud to be an indian.jai hind.
 
mms is a gentleman amongst frauds.its a miracle he is still pm.indias problem is not with the leaders but the people who hardly do the sensible things and blame politicians.wish more industries,more educational centers,medical facilities and many civil services are opened and people friendly interaction be availed.with a culture and heritage ancient,its a marvel,what india is.proud to be an indian.jai hind.

wow, what great leaders we have - lalu, pallu, maya, rabri, mulayam !! truly great. if leaders cannot govern, then people are the problem. they dont deserve it etc.. what sycophancy, some of us just cannot accept MMS is a BIG ZERO as a leader not to mention his junk economic policies (Loan waiver, Nrega, right to education, right to food - large govt programs garaunteed to bankrupt us! + mismanaging RBI policy pushing the country from a 8+ % growth to near recession). yes, yes, yes, we know he is the most honest person on earth - harischandra, SAINT MMS, Giant among the frauds !!!. but we dont need useless harischandras/saints but useful statesmen politicians like PV Narasimha Rao with human flaws !!

"wish more industries,more educational centers,medical facilities and many civil services are opened and people friendly interaction be availed" = U NEED MORE REFORMS TO ENABLE THIS.

MMS HAS DONE ZERO REFORMS FROM THE TIME HE HAS COME TO POWER. THE ECONOMY WAS GROWING NICELY AT 9%, THIS FELLOW CAME & MESSED IT UP, & WE ARE NOW GOING INTO RECESSION !

HE IS A FRAUD SWAMI WHO TOOK THE CREDIT FOR PVN'S REFORMS ! SO THEY MADE HIM THE PM - HE GOT COMPLETELY EXPOSED - LOL !
 
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Sri jaykay767 Ji,

You have said:
but we dont need useless harischandras/saints but useful statesmen politicians like PV Narasimha Rao with human flaws !!

So who fits the bill in the current political scene as a 'useful statesmen politicians like Sri PVN with human flaws?'

Regards,
KRS
 
Some jokes from thuglak:

Sonia: Have we received any telegram from abroad supporting our view of excluding vips from lokpal bill? Who has sent it?
MMS: Quettaroki has sent from argentina.

*****

Pranab: CAG has found out that 12 industrialists have not paid tax dues of 2 lakh crores.
Sonia (with MMS by her side): Issue a statement that as per agreement, their names cannot be released, and immediately prepare an agreement.

****

MMS: Anna hazare claims that some central ministers are acting like pm.
Sonia: Is it so; find out who is so reckless and has no respect for duty.

*****

Sushma: Better not to have such a weak lokpal bill; corruption cannot be wiped out by this bill.
MMS: Romba thanks. I was worried our day and night hard efforts may not bring results.
 
I do not think the language is pejorative or derogatory at all. I think you have missed the purport to the words expressed by Sri Sangom. Sri Sangom in his own inimitable way has exhorted the trans-atlantic posters to realise that the readers in the forum are NOT 'moNNai fellows" and they do not buy all the stuff peddled out by american media, though NRIs/PIOs/indian-americans are sometimes taken in by the blitzkrieg of the western media. This would have been very evident if you had read some of Sri Sangom's previous postings.
If most of the experienced and longtime regulars of the Forum do not find Sangom’s posting offensive, I am happy to accept your judgement. But, for a first reading, the words did trigger strong reaction.
 
If most of the experienced and longtime regulars of the Forum do not find Sangom’s posting offensive, I am happy to accept your judgement. But, for a first reading, the words did trigger strong reaction.
This being an Open, Democratic and a Secular Forum, anything or anyone could suprise you, Being prepared or forewarned would help :)
 
Dear Sri Sangom Ji,

You have said:


I don't understand the connection between liberalization (copying US) and becoming a 'vassal' state.

Are you saying that by turning over many industries (except for the ones that are necessary for Government to control) to private control and thereby promoting competition and true creation of wealth is akin to a nation becoming a 'vassal'state?

If you are saying that, then it is a dogma promoted by Communism/Socialism, which have been proved to be inefficient in terms of handling the investments needed for the economic development in a country, creating little wealth and only distributing the existing wealth among all the people.

In today's world, it is about raising everyone' standard of living by Capital formation and investment. At least that is what I think.

Perhaps you have a better understanding on how the economy works from the viewpoint of your service at RBI.

Regards,
KRS

Shri KRS,

I am neither an authority in economics nor in politics. But many people like me feel that while liberalization as an idea is good, how far and when and where liberalization ought to be allowed, must be dictated by national interests. I am told that US and the west still heavily subsidize agriculture but all of them preach that all agricultural subsidies should be discontinued by the rest of the countries. Indian governments till MMS were, probably, rustic and not carried away by these western rhetoric and continued with the subsidies in agriculture to some extent.

It was MMS-Sonia who practically ended all subsidies by promoting PC's brainchild of writing off agricultural loans. But it is an open secret that what were written off were loans of rich and influential borrowers - not always agricultural - and the congress and its cohorts, including PC made a neat pile from that one operation. Farmers' suicides happen still because the loan write-off was a one-time affair and banks are very reluctant to go on record writing off genuine loans to small/marginal farmers.

Then there was the open skies policy which benefitted Praful Patel who "has earned notoriety because between April 2009 and April 2011 his personal assets grew by 53%—from Rs. 79 crore to Rs. 122 crore—at the rate of Rs. 5 lakh per day.[SUP][2][/SUP] The same period saw a remarkable rise in the debt incurred by India's national carrier, Air India.[SUP][3][/SUP]"
(Praful Patel - Wikipedia, the free encyclopedia) Today most airlines operating in India are struggling and the day may not be far off when indian airliners may follow Ryanair!

On the whole MMS' government is seen to be only too happy to carry out US dictats to it. Being a democracy, this pov of a sizeable number of people who may not be represented in the international press or other media, will count — more than the truth, I believe, when it comes to the next national elections in 2014. Most average Indians are not at all comfortable with the rapid and unchecked aping of the west (more importantly the US) in India, and the changes which are becoming unavoidable due to the GOI's slavish obedience to and aping of, the west. The FDI in retail trade was probably the last straw and the audaciousness with which GOI brought this item in Parl. shows how far removed MMS & his govt. are from the real pulse of the vast majority of the hoi polloi. But we have a numerically smaller but more vociferous and visible nouveau riche middle class who religiously sing hallelujas for everything which will take indians one step more like the western people, but they have no idea what an empty stomach is!

Capital formation in a country like India has to originate from the government's resources because those having capital somehow prefer to stash away their wealth in secret bank accounts abroad, and will not like to invest in India. Hence, India should have its own method of production and industrialization, and it should not simply copy what the west prescribes as the best course. Anyway, we are seeing the failure of capitalism also now. Hence, what India should have done is to liberalize but carefully and gradually. Now this takes a statesman with true patriotism. But in India the feeling of "I am Indian" comes only when Pak or China attacks us (and it subsides like flu) or when someone goes abroad and finds himself in strange, new surroundings. PVN might not have been 100% patriotic, nor was he a tall statesman but in comparison to MMS he stood really tall. (Even the wikipedia page on MMS says he is not a hindu!)
 
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Dear Sri Sangom Ji,

You have said:


I don't understand the connection between liberalization (copying US) and becoming a 'vassal' state.

Let us take 3 or 4 cases how this liberalization (copying US) has affected a sizeable proportion of the Indian population:

(i) Unbridled inflow of foreign money killed the rate of interest on savings. (Remember India is "savings" oriented economy as against "spending" oriented philosophy of US). The pension corpus of the retired private sector employees got wiped out. The retired government employees were slightly lucky, in that the Government owned Provident Funds were subsidized by the budgetary allocations and they got about 8% return per annum on their investments. The tax paying community footed the bill.

(ii) Once the newly retired community was "put to rest", the productive community was addressed to. Huge inflows into limited corporate entity of listed companies, saw stock prices rising day after day, inducing many to take stock trading as occupation. Speculation became the rule of the day with many leaving their jobs and selling their meagre land and mortgaging their houses put their money in stock markets. One fine day in January 2008 the FIIs realised that they have built-up capital to sustain them (FIIs) for the next ten years and withdrew the "foreign capital" causing the stock market to fall more than 100% in 2008-09. That left many of the budding stock traders shirt-less and laden with debts.

(iii) As if one speculation market of stocks was not enough, commodity market was opened to all and sundry. Agriculturists were trading in crude oil & precious metals and MBA students were trading in castor seeds & sugar. Needless to say the international speculators very soon divested the local Indians of their savings.

(iv) Best minds of India (rank holders in IIT & IIM) whose studies were subsidized by Indian Government (and resultantly by Indian people) were recruited by International Bankers as "campus placements/recruitments" and their pay cheque of Rs. 100 million were so highly publicized in the media. The media does not cover what is their position "post-lehman/Post subprime crisis" era. What the common man wants to know is why waste 5 years of government money studying in modern IITs if one's interest is in finance and not in engineering.

(v) Compulsory land acquisition in the name of "large scale infra projects" based on china model was the next best thing to happen. While the government was re-distributing the land of rich land-lords in 1950s, in 2010s they were busy in forcibly re-acquiring agricultural lands for re-distribution to "industrialists" for "industrial and infrastructural projects".

P.S.: Scams have not been taken into account.

How all the above "benefits" would turn India into a vassal state?

As long as India continues to be "reforming" and reaping the benefit as stated above, US would continue to extend support to India for obtaining permanent membership of the UN

India and US will conduct joint naval exercises

India and US will encircle China

US will use its good offices to take India out of the ban imposed by Nuclear Supplies Group

Of course India should continue to dance to the tunes of US on climate change, GATT, policy on Iran etc.
 
True. Narasimha Rao ushered in liberalization. I remember my working days when we had to get our lists for imports approved by the DGTD and foreign exchange licence to be signed by the reserve bank. Narasimha rao changed all this. It is national shame that he is not given any credit for launching liberalization.

Please note that PVN was a Brahmin - that too a South Indian!!:(
 
Ref post 45:

Sangom sir,

Your following words made me feel glad that I am also in a forum where you are active. Your golden words echo the sentiments of the people whose heart beats for India.
"But we have a numerically smaller but more vociferous and visible nouveau riche middle class who religiously sing hallelujas for everything which will take indians one step more like the western people, but they have no idea what an empty stomach is!

But in India the feeling of "I am Indian" comes only when Pak or China attacks us (and it subsides like flu) or when someone goes abroad and finds himself in strange, new surroundings."




I wonder whether the title of this thread must read, "Country at peril" for it is not the PM who is in peril. He is smiling.
 
Thanks for responding, Sri Sangom Ji. My response in 'blue' below:
Shri KRS,

I am neither an authority in economics nor in politics. But many people like me feel that while liberalization as an idea is good, how far and when and where liberalization ought to be allowed, must be dictated by national interests. I am told that US and the west still heavily subsidize agriculture but all of them preach that all agricultural subsidies should be discontinued by the rest of the countries. Indian governments till MMS were, probably, rustic and not carried away by these western rhetoric and continued with the subsidies in agriculture to some extent.

I think this used to be the case But with the Uruguay agreement, Farming sector is much more equitable now. Please read:
WTO | Understanding the WTO - Agriculture: fairer markets for farmers

Unlike others, I see the opening up of Global Trade as a very positive one. Investments flow to markets where the production is more efficient, on a rotating basis. On this basis, India with surplus production in certain areas within this sector can really benefit. Nowadays, I see shrimp, fish, coconut juice, mango etc. from India on the shelves of even major food/supermarket shelves here, not to mention Basmati rice. I do not think that the sad situation of the farmers in India can be attributed to the liberalization.

It was MMS-Sonia who practically ended all subsidies by promoting PC's brainchild of writing off agricultural loans. But it is an open secret that what were written off were loans of rich and influential borrowers - not always agricultural - and the congress and its cohorts, including PC made a neat pile from that one operation. Farmers' suicides happen still because the loan write-off was a one-time affair and banks are very reluctant to go on record writing off genuine loans to small/marginal farmers.

But I submit to you that this is a local policy/implementation issue - not connected to liberalization.


Then there was the open skies policy which benefitted Praful Patel who "has earned notoriety because between April 2009 and April 2011 his personal assets grew by 53%—from Rs. 79 crore to Rs. 122 crore—at the rate of Rs. 5 lakh per day.[SUP][2][/SUP] The same period saw a remarkable rise in the debt incurred by India's national carrier, Air India.[SUP][3][/SUP]"
(Praful Patel - Wikipedia, the free encyclopedia) Today most airlines operating in India are struggling and the day may not be far off when indian airliners may follow Ryan Air!
Ditto as above - again how can you blame the obviously bad local implementation of the concept for what is essentially a wealth creating proposition? Part of globalization is competition and any company that is not prepared for this will fail. But because the Indian IT sector was prepared (luck was involved), they are now thriving globally.

On the whole MMS' government is seen to be only too happy to carry out US dictats to it. Being a democracy, this pov of a sizeable number of people who may not be represented in the international press or other media, will count — more than the truth, I believe, when it comes to the next national elections in 2014. Most average Indians are not at all comfortable with the rapid and unchecked aping of the west (more importantly the US) in India, and the changes which are becoming unavoidable due to the GOI's slavish obedience to and aping of, the west. The FDI in retail trade was probably the last straw and the audaciousness with which GOI brought this item in Parl. shows how far removed MMS & his govt. are from the real pulse of the vast majority of the hoi polloi. But we have a numerically smaller but more vociferous and visible nouveau riche middle class who religiously sing hallelujas for everything which will take indians one step more like the western people, but they have no idea what an empty stomach is!
Where is the US dictat? America gets blamed for everything because they are the business leaders. I think attracting FDI is in general very good for a country. It usually lifts the growth of a country. I do not think that India can sustain it wanted growth of about 7% over a period of a decade not only to eradicate poverty but to at least be in a position to compete in the region with China. And, believe me, if you think China is colluding with our neighbors, working against us now, you ain't seen nothing yet.

I think the issues with implementation can be managed to suit the local needs with policies, but to reject the whole idea is foolhardy, in my opinion.

Capital formation in a country like India has to originate from the government's resources because those having capital somehow prefer to stash away their wealth in secret bank accounts abroad, and will not like to invest in India. Hence, India should have its own method of production and industrialization, and it should not simply copy what the west prescribes as the best course. Anyway, we are seeing the failure of capitalism also now. Hence, what India should have done is to liberalize but carefully and gradually. Now this takes a statesman with true patriotism. But in India the feeling of "I am Indian" comes only when Pak or China attacks us (and it subsides like flu) or when someone goes abroad and finds himself in strange, new surroundings. PVN might not have been 100% patriotic, nor was he a tall statesman but in comparison to MMS he stood really tall. (Even the wikipedia page on MMS says he is not a hindu!)
I do not think that the Govt. investments alone will provide growth needed to lift India from the lingering poverty. It will be only good to provide the famous Hindu rate of growth, I am afraid. Sir, unfortunately if a country is not participating in globalization, it will be left behind. Look at countries like Cuba, North Korea, Burma etc. They all are very protective and they can not even feed their people properly. On the other hand, countries with free trade do very well. Look at China's growth. I think India has people who are both and entrepreneurial, need not take a second place to anyone.
By the way, Capitalism is alive and well. What went wrong was with the US government, which, even though having proper regulation on the books went to sleep at the wheel. We have discussed the role of US Govt. through Fannie Mae and Freddie Mac insuring unqualified loans, forcing the Banks to lend, creating the housing bubble that burst leading to the failure of Lehman and the following recession. Of course Greek/Portugal/Ireland/Spain/Italy etc., because of their Governments' spendthrift ways have made major trouble in EU. Again, nothing to do with Capitalism.

Regards,
KRS
 
True. Narasimha Rao ushered in liberalization. I remember my working days when we had to get our lists for imports approved by the DGTD and foreign exchange licence to be signed by the reserve bank. Narasimha rao changed all this. It is national shame that he is not given any credit for launching liberalization.

i agree. narasimha rao, is the most underrated PM we ever had. actually he made the careers of PC & MMS, in my opinion.

MMS was a socialist byproduct of the fabian society principles of england - woolly eyed socialists, who could talk talk talk. post world war 2, through the labour party they came to power, fanned the unions and destroyed british manufacturing, same as what the marxists did in west bengal post 1967.
 
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