Very unfortunate that swamy is ignored by Modi – if indira gandhi had done what swamy told her in 1960’s , the “liberalization” and boom would have happened in the 1960’s and 1970’s rather than 1990’s. Swamy knows how to make india grow at 10% but Modi has petty concerns.
Dr.Swamy an erudite,true nationalist and top class economist is vey much right about Modi’s inadequacies on larger national economic issues which was clearly demonstrated when modi gave FM job to the late Arun jaitley who is neither an economist nor a politician.Truly arun jaitley ran Finance Ministry like a bull in a china shop.Arun jaitley did nothing to bring back the money looted.Infact ignorant arun jaitley never listened to Dr.Swamy’s advice and on the contrary was talking lightly of valiant efforts of Dr.Swamy against sonia and rahul in the National herald case.Infact it was Dr.Swamy waging a lone battle against the corrupts like sonia rahul,chidambaram,etc.Arun jaitley as it turns out appears to be singing in tune with kapil sibal and abhishek manu singhvi.But modi was either oblivious to these murky happenings or was not understanding any of these devious acts of omission of arun jaitley.In the second term also modi has ignored Dr.Swamy and gave FM job to the fellow tamilanadu Nirmala sitaram an ,who also does not appear to listen to the erudite Dr.Swamy much to the peril of our nation and allowing anti social elements to gain strength.Modi is not understanding that he is running out of time.Hope he comes out of his slumber and give FM job to Dr.Swamy to allow country to progress.
gree to views of Swami to a large extent…be it DEMO, GST, Divestment in PSU’s…Traffic Penalties…everything is done very impulsively….without much of forethought / planning…although the spirit behind each of the PM’s action is with a good motive…execution at the ground level is horrible…if things move in the current way…Not just AAM ADMI Party…but even AAM ADMI will vanish…..!!!
Nice to note Dr Swamy focused on ” Recognizing need for Economic course correction” with a string of well thought remedies. Those are Prioritizing Health Education Innovation Merit driven Incentivised society. Structural reforms a comprehensive word which to the informed signifies vast changes with growth centered sustained revenue generation . That will feed next generation R&D both in Fundamental and Application to transform our country to the Number 2 economy and the capabilities to secure it apt strategic and tactical resources.
This brings to a discussion forum on EMPOWERMENT he Chaired with Cato institute Resource Person as Panelist.
It was following Seminal Crisis Lehmann Brothers and subsequent EROSION OF $10 Trillion.
As I can RECOLLECT There he disagreed with CATO Resource Person and PROVIDED EVIDENCE when alerts and warnings were ignored from well meaning experts before the financial crisis. This is as case where Value of EMPOWERMENT can prevent crisis.
He drew comparison to Sub Saharan Africa very Sparse in Population, high on natural resources yet very low on Human Development vis a vis Densely Populated Netherlands Japan . Those countries high on Empowerment served to create Accountability, Comprehensive Development even with High Density of Population
Their societies were incentivising Merit and Innovation . Hence all round development ushered with Well Educated Employable Workforce and People could make informed choices for the larger good through EMPOWERMENT. Hence In my Previous post on this subject I had mentioned INTROSPECTION . Vandemataram
Delightfully detailed about the diagnosis but woefully vague about what is to be done. My two bits? The central government should, either on its own or through public-private partnerships or through centre-state partnerships, invest in infrastructure like power, water, transport and communication. Equally important, block political interference in these projects. These will have a catalyst effect on almost all other sectors.
It is lonely at the top. When all advisers – in the case of Rajiv Gandhi, the last one – have left, the great man has to take the fateful decisions based on his own understanding of the situation, which comes from a lifetime of experience. However, this is not like starting a war or pressing the nuclear button. The economy is something everyone understands, feels in their bones, although that does not mean that novices should be holding important posts. Someone having studied at MIT would be a bonus. Why the economy has settled permanently in Siberia one cannot say. However, the old Indian tradition of blaming the underlings or the advisers will not work.
Must Submit the points below
1.Continuous shutdown production cuts in Manufacturing sectors depriving employment livelihood
2. Status in Govt Healthcare spending, less than 1.5% of GDP less than Bhutan.
Health expenses The Single Largest Contributor to Family Debt , even extreme actions as 85% of population manages healthcare through out of pocket expenses in private corporate hospital.One family out of four in debt from Health Expenses.
3. Govt inaction and apathy forcing people towards Private Healthcare with no viable and acceptable alternative in current insurance based healthcare. ANOMALY..”When one earns and don’t need healthcare one pay less., Compared to one when no income or on savings pension and needs healthcare in advanced age one pays MUCH more ever increasing Costs”.. former CEO HIRANANDANI HOSPITAL Mumbai . This is raison de etre for lost low popularity of Health Insurance
4. Ayush .. Arogya Muhalla clinic RSVY etc are novel beginning leaving much to desire. While middle class lacks a viable healthcare hence contribution to Lost Expenses Job loss no Social Security
5. Money not in circulation.. Reason Uncertainty, GST, Terrible effects from NBFU, ILFS Sink hole around ….. crores in with no solution . RBI Security cover ( emergency reserves reduced to introduce money in Ailing Banks)
6. NPAs and recovery of assets from Economic Fugitives .. outcome terrible . At least we could have pondered over out of court settlement et all.? instead of Prolonged litigation overseas. Any viable chance of recovery in near future ? With ever prolonging litigation expenses, will recovery become expenses and time value become more than amount recovered?
7. Nothing more to say about Indian Money deposited in foreign accounts.
8. DeMo Success ? Did it not affect the trading real estate, and informal sectors including manufacturing? Is it factual that that Even New currency being duplicated by overseas actors as per emerging reports? Ordinary citizens had high expectations on “Benami Properties” declaration and prevention much has been achieved there has it ..?
9. Stupid Divestment that too in times of Global Uncertainty of Crown jewels in Public Sector like IISCO, IIFCO, Hindustan Cables , Further plans in CLW, ICF Perambur, ICF Kapoorthala , Coal India SAIL ? …millions out of Employment??
10. No major plans for Govt investment in Major Industrial Growth which could have rejuvenated .
Taking a cue from Past when Pn Nehru urged Private Industry to invest in Steel Cement Infrastructure, Rolling Stock, Heavy Engineering… But to no avail. Ultimately it was Govt investment today’s PSUs which provides the Iron Structure of Our Economy the crown jewels that the Govt plans to Divest .. No wonder it will bring Our Economy to its Knees as I see it. Point to note
the ills plaguing PSUs lie in Organizational Context of Contributing to Social Uplifting ..Hence profit making as the primary objective was not primary .
That can easily be rectified having the best talents with immense codified uncodified knowledge resources . Can’t we look at reforms in our labour policies? That single most initiative can usher in much more Foreign investments and propel competition, growth in exports and domestic demand. What’s more transform the PSUs into Global Giants amongst Fortune 20 if not more .
Because we don’t have a social security like Europe, Comparable High Govt Investments in World Class Education to sustain the R&D and Industry demands . Outcome we remain in “Eternal Catch Up Mode” requiring regular Technology Updates to remain viable . This unlike S. Korea, Japan, Taiwan, China….Israel ( not to even dream) in MULTIPLE SECTORS.
Currently Many families committing their frugal lifetime savings and resources to send their children to Europe West for Tertiary education . It is even at UNDERGRADUATE level of professional education. It is Only expectation of minimum standards of living, sustainability, that is assured to EU citizens in Europe and the West. These Indian parents are not HNIs ( High Networth Individuals)but ordinary LNIs. Left with no options from our ?????…. standards of Professional education (with exception of miniscule Islands of Excellences) could find no guarantee of a minimum life line for their progeny here .
Introspection and Urgent Corrective action . Alas will it happen? or that also will remain a publicity? …? Vandemataram
In a nutshell you are an Anti development and there by become an Anti-National as you can’t see so much development happening in the country under the leadership of Hon.Modi Ji, Nirmala Ji, Amit Shah Ji? I am sure you have not seen movies URI, PM Narendra Modi and recent one Man vs Wild. You should learn some positivity in your thinking and try to align yourself with nationalism. We have Article 370 removed, and in Assam 19 lakhs people with be thrown out to Bangladesh and if they don’t accept they will be thrown into Bay of Bengal. All these things re being done for improving the economy. I appreciate if you re orient your self and just chill. And one thing since your being a techie dont worry for now as your industry is based on US and European economy.
I know it all but no one listens to me. You need not be literate if you listen to economic like me.
It is unthinkable that Modi can shed his innate obsession with “control” and unless that is done, the animla spirits in the economy cannot be released.
स्वामी ने फिरसे एक बार मोदीजी और वित्तमंत्री को जिम्मेदार माना।देखिए इस पोस्ट में।https://bit.ly/37NZ6il
Very unfortunate that swamy is ignored by Modi – if indira gandhi had done what swamy told her in 1960’s , the “liberalization” and boom would have happened in the 1960’s and 1970’s rather than 1990’s. Swamy knows how to make india grow at 10% but Modi has petty concerns.
Let us wait and watch for next two seasons,to see where Indian economy stands.
Dr.Swamy an erudite,true nationalist and top class economist is vey much right about Modi’s inadequacies on larger national economic issues which was clearly demonstrated when modi gave FM job to the late Arun jaitley who is neither an economist nor a politician.Truly arun jaitley ran Finance Ministry like a bull in a china shop.Arun jaitley did nothing to bring back the money looted.Infact ignorant arun jaitley never listened to Dr.Swamy’s advice and on the contrary was talking lightly of valiant efforts of Dr.Swamy against sonia and rahul in the National herald case.Infact it was Dr.Swamy waging a lone battle against the corrupts like sonia rahul,chidambaram,etc.Arun jaitley as it turns out appears to be singing in tune with kapil sibal and abhishek manu singhvi.But modi was either oblivious to these murky happenings or was not understanding any of these devious acts of omission of arun jaitley.In the second term also modi has ignored Dr.Swamy and gave FM job to the fellow tamilanadu Nirmala sitaram an ,who also does not appear to listen to the erudite Dr.Swamy much to the peril of our nation and allowing anti social elements to gain strength.Modi is not understanding that he is running out of time.Hope he comes out of his slumber and give FM job to Dr.Swamy to allow country to progress.
gree to views of Swami to a large extent…be it DEMO, GST, Divestment in PSU’s…Traffic Penalties…everything is done very impulsively….without much of forethought / planning…although the spirit behind each of the PM’s action is with a good motive…execution at the ground level is horrible…if things move in the current way…Not just AAM ADMI Party…but even AAM ADMI will vanish…..!!!
Nice to note Dr Swamy focused on ” Recognizing need for Economic course correction” with a string of well thought remedies. Those are Prioritizing Health Education Innovation Merit driven Incentivised society. Structural reforms a comprehensive word which to the informed signifies vast changes with growth centered sustained revenue generation . That will feed next generation R&D both in Fundamental and Application to transform our country to the Number 2 economy and the capabilities to secure it apt strategic and tactical resources.
This brings to a discussion forum on EMPOWERMENT he Chaired with Cato institute Resource Person as Panelist.
It was following Seminal Crisis Lehmann Brothers and subsequent EROSION OF $10 Trillion.
As I can RECOLLECT There he disagreed with CATO Resource Person and PROVIDED EVIDENCE when alerts and warnings were ignored from well meaning experts before the financial crisis. This is as case where Value of EMPOWERMENT can prevent crisis.
He drew comparison to Sub Saharan Africa very Sparse in Population, high on natural resources yet very low on Human Development vis a vis Densely Populated Netherlands Japan . Those countries high on Empowerment served to create Accountability, Comprehensive Development even with High Density of Population
Their societies were incentivising Merit and Innovation . Hence all round development ushered with Well Educated Employable Workforce and People could make informed choices for the larger good through EMPOWERMENT. Hence In my Previous post on this subject I had mentioned INTROSPECTION . Vandemataram
Delightfully detailed about the diagnosis but woefully vague about what is to be done. My two bits? The central government should, either on its own or through public-private partnerships or through centre-state partnerships, invest in infrastructure like power, water, transport and communication. Equally important, block political interference in these projects. These will have a catalyst effect on almost all other sectors.
It is lonely at the top. When all advisers – in the case of Rajiv Gandhi, the last one – have left, the great man has to take the fateful decisions based on his own understanding of the situation, which comes from a lifetime of experience. However, this is not like starting a war or pressing the nuclear button. The economy is something everyone understands, feels in their bones, although that does not mean that novices should be holding important posts. Someone having studied at MIT would be a bonus. Why the economy has settled permanently in Siberia one cannot say. However, the old Indian tradition of blaming the underlings or the advisers will not work.
Description of the present situation in Swami’s Oxford English is okay, but what solutions can he suggest to improve the economy?
Not an Economist but a humble Techie’s Anguish..?
Must Submit the points below
1.Continuous shutdown production cuts in Manufacturing sectors depriving employment livelihood
2. Status in Govt Healthcare spending, less than 1.5% of GDP less than Bhutan.
Health expenses The Single Largest Contributor to Family Debt , even extreme actions as 85% of population manages healthcare through out of pocket expenses in private corporate hospital.One family out of four in debt from Health Expenses.
3. Govt inaction and apathy forcing people towards Private Healthcare with no viable and acceptable alternative in current insurance based healthcare. ANOMALY..”When one earns and don’t need healthcare one pay less., Compared to one when no income or on savings pension and needs healthcare in advanced age one pays MUCH more ever increasing Costs”.. former CEO HIRANANDANI HOSPITAL Mumbai . This is raison de etre for lost low popularity of Health Insurance
4. Ayush .. Arogya Muhalla clinic RSVY etc are novel beginning leaving much to desire. While middle class lacks a viable healthcare hence contribution to Lost Expenses Job loss no Social Security
5. Money not in circulation.. Reason Uncertainty, GST, Terrible effects from NBFU, ILFS Sink hole around ….. crores in with no solution . RBI Security cover ( emergency reserves reduced to introduce money in Ailing Banks)
6. NPAs and recovery of assets from Economic Fugitives .. outcome terrible . At least we could have pondered over out of court settlement et all.? instead of Prolonged litigation overseas. Any viable chance of recovery in near future ? With ever prolonging litigation expenses, will recovery become expenses and time value become more than amount recovered?
7. Nothing more to say about Indian Money deposited in foreign accounts.
8. DeMo Success ? Did it not affect the trading real estate, and informal sectors including manufacturing? Is it factual that that Even New currency being duplicated by overseas actors as per emerging reports? Ordinary citizens had high expectations on “Benami Properties” declaration and prevention much has been achieved there has it ..?
9. Stupid Divestment that too in times of Global Uncertainty of Crown jewels in Public Sector like IISCO, IIFCO, Hindustan Cables , Further plans in CLW, ICF Perambur, ICF Kapoorthala , Coal India SAIL ? …millions out of Employment??
10. No major plans for Govt investment in Major Industrial Growth which could have rejuvenated .
Taking a cue from Past when Pn Nehru urged Private Industry to invest in Steel Cement Infrastructure, Rolling Stock, Heavy Engineering… But to no avail. Ultimately it was Govt investment today’s PSUs which provides the Iron Structure of Our Economy the crown jewels that the Govt plans to Divest .. No wonder it will bring Our Economy to its Knees as I see it. Point to note
the ills plaguing PSUs lie in Organizational Context of Contributing to Social Uplifting ..Hence profit making as the primary objective was not primary .
That can easily be rectified having the best talents with immense codified uncodified knowledge resources . Can’t we look at reforms in our labour policies? That single most initiative can usher in much more Foreign investments and propel competition, growth in exports and domestic demand. What’s more transform the PSUs into Global Giants amongst Fortune 20 if not more .
Because we don’t have a social security like Europe, Comparable High Govt Investments in World Class Education to sustain the R&D and Industry demands . Outcome we remain in “Eternal Catch Up Mode” requiring regular Technology Updates to remain viable . This unlike S. Korea, Japan, Taiwan, China….Israel ( not to even dream) in MULTIPLE SECTORS.
Currently Many families committing their frugal lifetime savings and resources to send their children to Europe West for Tertiary education . It is even at UNDERGRADUATE level of professional education. It is Only expectation of minimum standards of living, sustainability, that is assured to EU citizens in Europe and the West. These Indian parents are not HNIs ( High Networth Individuals)but ordinary LNIs. Left with no options from our ?????…. standards of Professional education (with exception of miniscule Islands of Excellences) could find no guarantee of a minimum life line for their progeny here .
Introspection and Urgent Corrective action . Alas will it happen? or that also will remain a publicity? …? Vandemataram
In a nutshell you are an Anti development and there by become an Anti-National as you can’t see so much development happening in the country under the leadership of Hon.Modi Ji, Nirmala Ji, Amit Shah Ji? I am sure you have not seen movies URI, PM Narendra Modi and recent one Man vs Wild. You should learn some positivity in your thinking and try to align yourself with nationalism. We have Article 370 removed, and in Assam 19 lakhs people with be thrown out to Bangladesh and if they don’t accept they will be thrown into Bay of Bengal. All these things re being done for improving the economy. I appreciate if you re orient your self and just chill. And one thing since your being a techie dont worry for now as your industry is based on US and European economy.
I know it all but no one listens to me. You need not be literate if you listen to economic like me.
It is unthinkable that Modi can shed his innate obsession with “control” and unless that is done, the animla spirits in the economy cannot be released.