May 282012
 

My column in today’s DNA

Dwight Eishenower, the former American President, was asked about his Vice President’s (Richard Nixon’s) contribution to the Presidency. His response was “If you give me a week, I might think of one.” This is the quote that came to mind when thinking about the achievements of the United Progressive Alliance’s second stint in Government. That is not to say that they have made no positive contribution – it is just that a combination of the scams and the paralysis has wiped out anything good that may have been done from our collective memory. So on the 3rd anniversary of UPA 2 a A to Z of issues :

Authority – no Government in the world can rule without authority. That authority is not just legal and moral, but also the capability to stand up and say – I am the Government, and this is my job because the people elected me. To be able to govern in the next two years, the Prime Minister & his cabinet need to exert authority. Or Go.

Budget – It is all right to spend if there is a plan in place to grow and earn. The current finance minister is old school socialist and happy with spending. But, there seems to be no plan to earn. No plan to grow. Only to spend. Next two years focus on growth.

Coalition – and management of diverse parties. The people, who are supposed to manage it, have failed. This coalition is more to prevent work than to get work done. Get them on board. Or Go. .

Deficit – See B above. If you spend without earning, Deficits – and large ones at that – will result.

Exchange Rate – the best thing to do when your currency starts to seek a new level is nothing. You would expect a Government led by an economist to know that.

F for … well this is a family newspaper, and one cannot really expand the F word here. Sufficient to say that that most feel that is what has been done to the country and the economy.
Governance – Governance is seeing Government in action. Not Government inaction.

Higher Power – The buck stops at the Prime Minister. Or it should. Having a higher power that second guess decision making does no good as far as either the Party or the country is concerned.

Inflation – when you grow you will have inflation. If you check that inflation, you will deflate growth. That is what has happened.

Jokes – it is bad for authority and legitimacy of a Government when it becomes the butt for jokes. The solution is not to ban jokes, but get work done.

Kapil Sibal – See J Above. The man whose defence of the Government made people more convinced that they were trying to hide something.

Legislation – that is pending because the government mangers cannot come to an agreement with their coalition partners or the opposition. See G for Governance above.

Mamata – the person no sane government should touch with a barge pole. Her dogma will be the death of the Indian economic dream. Dump her now.

National Advisory Council– or the Non Accountable Counci. A bunch of civil society big wigs, whose heart overwhelms their brain.

Opposition – see M above, and T below.

Prime Minister – whose silence is deafening.

Questionable Deals – Is there any deal that this Government has done that is not questionable. Do they have logical answers rather than pulling up the drawbridge ? Can they share those answers with the people?

Raja – the telecom minister who took a policy aimed at increasing tele-density – the first come first serve policy – and murdered it, while seniors in the cabinet did nothing. If you auction all resources the cost of doing business will increase.

Sonia Gandhi – the power behind the throne. Who along with the NAC (see N above) formulates welfare policies and prevents the Government from achieving growth that will pay for those policies.

Trinumool Congress – see M for Mamata above. With allies like this one doesn’t need an opposition.

UPA2 – it isn’t United, it is regressive rather than Progressive, and the Alliance seems all but dead.

V.K.Singh – General. The nicest thing that one can say about his tenure as COAS is that it is over. Done with. Thank God. But, another example of total mismanagement by the Government. (check A for Authority)

We the People – see F above.

X – marks the spot where people vote. And if state elections are any indication, the people are unhappy.

Y – the economist’ term for national Income. Dear UPA2 – focus on all aspects of that, not just government spending.

Z for Zero Loss – the incredibly arrogant response to the 2G scam – see K above – that convinced people that something was dreadfully wrong.

 

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  2 Responses to “DNA Column – The A to Z of UPA after 3 Years”

  1. 1. Government should do nothing when our currency “finds a new level”

    Nonsense…India is a net-importing country and as such should have a stronger currency….IT body shops be damned…a fall in the currency does not make us “competitive” but beggars us, debases our savings and destroys wealth.

    2. When you grow youll have inflation??? Sure 3-4% a year…not 8-10%
    Such high rates of inflation do not indicate “growth” but put to the fact that the government is printing paper money like crazy leading to an artificial and avoidable rise in prices…as we speak there is no Demand-side inflation in India…but supply side inflation thanks to the obnoxious welfare schemes and black money floating around

    The reason why people are buying gold like crazy is because their saved “money” is losing value EVERY DAY. Avoid the debasement of our currency and most of economic problems will take care of themselves.

  2. And manmohan singh is no economist…hes just a glorified clerk.

    The “wonder reforms” of the 90s (getting rid of the license raj, reducing income tax and customs duties) aren’t actually reforms but common sense and the government was forced into it because they were bankrupt (were going to see a re-hash of this soon)

    The problem with our media and so-called “intelligentsia” is the fact that they have been growing paddy for the last 5000 years and have no f***ing idea about money/economics etc. The caste that actually handles money (Banias like yours truly) will never become “journalists” or “intellectuals” as they have better things to do.

    So i guess we will continue to see such shoddy semi-literate financial reporting from the so-called “indian” media