"Indian Economic Slowdown; Dangerous Trends"
India's economy is slipping out of Govt's hands. At least, so it seems. Is the negative impacts of De-monetisation and GST, showing up, feel experts ? As a layman, I find no reason to dis-believe those who have been opposing the successive government initiatives.
The dictum of Statistics, damned statistics and the Lies, is not always applicable. CSO statistics can no longer be manipulated .
GDP quarterly growth rate, is at 6 years low ; 5% this quarter as compared to 5.8% in previous quarter.
Some pertinent questions.
Why is the GoI totally reticent about appropriating 1.76 lakh crores INR forcibly taken from the RBI. FM refuses to answer. Silence is baffling.
Indian public will always stand solidly behind it. Total lack of transparency about the manner in which the public exchequer is proposed to be misused ?
The government's hush-hush mode raises serious suspicions in public mind.
The nation wants to know the truth.
Worse still, in the midst of all this, reasons for mega merger of 10 PSU banks into 4, remains a riddle inside an enigma wrapped in mystery.
What about recapitalisation of banks by infusing 70,000 crores of rupees into banking sector.
The Modi sarkar is extremely extravagant, allergic to taking austerity measures and conserve resources. Expenditure on publicity for trumpeting government's achievements, is criminal waste of money. Throwing the money down the drain. Taking the gullible public for a ride.
Who is advising the ruling government in decision-taking ?
Are bureaucrats the ultimate custodians of all wisdoms? The public as the largest Stake-holder is not taken into confidence. Never, ever.
One useful suggestion for consideration of Modi sarkar.
All discretionary powers of the Executive, political as well as permanent, must be drastically curtailed. The Financial Advisors are not performing their duties diligently. Always willing to please their political masters.
And, about the C&AG, less said the better.
A K Saxena ( A former civil servant)
New book by NCS
Dr N C Saxena is a revered figure in the civil services. Topper of the 1964 batch, he can be said to be the "best Cabinet Secretary India never had". Ph.D. from Oxford, his academic credentials are no less impressive. His book "What Ails the IAS and Why it Fails to Deliver" has come out but is unlikely to be a best seller. The reason is that on top of the cover, there is blurb from Mr Harsh Mandar IAS (Retd.). Mr Mandar was a hardworking kind hearted honest officer but he is not a patch on Dr Saxena in terms of either brilliance or performance. Moreover, he is a controversial figure. Considering that many an eminent scholar from India and UK has praised the book, Dr Saxena could surely have a placed someone else's blurb on top of the cover page. Lack of judgement on the part of Dr Saxena is inexplicable and brings into question the credibility of what he has to say in the book.
M P Bauer
Army like restructuring coming for PSBs ?
Yes in units young people who don't know the rules and regulations are posted and the promotion to new people are coming very fast hence they are not bothered about development of bank
Subramanyam
Reservation policy be reviewed !
I fully endorse A.K. Saxena’s views. Reservation policy must be reviewed and should be based on income only and not on caste basis.
S Gopal
The dictum of Statistics, damned statistics and the Lies, is not always applicable. CSO statistics can no longer be manipulated .
GDP quarterly growth rate, is at 6 years low ; 5% this quarter as compared to 5.8% in previous quarter.
Some pertinent questions.
Why is the GoI totally reticent about appropriating 1.76 lakh crores INR forcibly taken from the RBI. FM refuses to answer. Silence is baffling.
Indian public will always stand solidly behind it. Total lack of transparency about the manner in which the public exchequer is proposed to be misused ?
The government's hush-hush mode raises serious suspicions in public mind.
The nation wants to know the truth.
Worse still, in the midst of all this, reasons for mega merger of 10 PSU banks into 4, remains a riddle inside an enigma wrapped in mystery.
What about recapitalisation of banks by infusing 70,000 crores of rupees into banking sector.
The Modi sarkar is extremely extravagant, allergic to taking austerity measures and conserve resources. Expenditure on publicity for trumpeting government's achievements, is criminal waste of money. Throwing the money down the drain. Taking the gullible public for a ride.
Who is advising the ruling government in decision-taking ?
Are bureaucrats the ultimate custodians of all wisdoms? The public as the largest Stake-holder is not taken into confidence. Never, ever.
One useful suggestion for consideration of Modi sarkar.
All discretionary powers of the Executive, political as well as permanent, must be drastically curtailed. The Financial Advisors are not performing their duties diligently. Always willing to please their political masters.
And, about the C&AG, less said the better.
A K Saxena ( A former civil servant)
New book by NCS
Dr N C Saxena is a revered figure in the civil services. Topper of the 1964 batch, he can be said to be the "best Cabinet Secretary India never had". Ph.D. from Oxford, his academic credentials are no less impressive. His book "What Ails the IAS and Why it Fails to Deliver" has come out but is unlikely to be a best seller. The reason is that on top of the cover, there is blurb from Mr Harsh Mandar IAS (Retd.). Mr Mandar was a hardworking kind hearted honest officer but he is not a patch on Dr Saxena in terms of either brilliance or performance. Moreover, he is a controversial figure. Considering that many an eminent scholar from India and UK has praised the book, Dr Saxena could surely have a placed someone else's blurb on top of the cover page. Lack of judgement on the part of Dr Saxena is inexplicable and brings into question the credibility of what he has to say in the book.
M P Bauer
Army like restructuring coming for PSBs ?
Yes in units young people who don't know the rules and regulations are posted and the promotion to new people are coming very fast hence they are not bothered about development of bank
Subramanyam
Reservation policy be reviewed !
I fully endorse A.K. Saxena’s views. Reservation policy must be reviewed and should be based on income only and not on caste basis.
S Gopal