Tuesday, August 20, 2013

NDTV The rise and fall of India's Economy with Prannoy Roy,Ruchir Sharma and Arun Shorie

The talk show was indeed made impact on what is wrong going in India's Economy. It highlights the agony and the stirred that has been created in the full blown hype of India's development. Needless to say the worst has happened and damaged has been made to a larger extend. Nothing can withstand now, even greatest of all mind can't do bit to make economy stable and balances.

Host: Prannoy Roy-NDTV chief
Guest: Ruchir Sharma -Morgon Stanley
Arun Shorie former Disinvestment Minister.

The show was well formulated and presented to the audience keeping all nittie gritties into consideration. It brings the fact and figures of past and existing statistics of worst performing economy.

They tabled the intruments that play crucial role in any countries economy. The trends shows the comparison charts of various developing countries with retrospects of exchange rates, investments and debts.

The key pointers were

1. FII-Foreign Institution Investments
2. FDI- Foreign Direct investments
3. Foreign Reserve Exchange
4. Short term debts
5. Current account fiscal deficits- Imports vs Exports figure
6. Fiscal deficits
7. Global vs Local market
8. Political economy drivers and impacted parameters.- Loan waivers, food security bills , coal scams, 2G, excessive regulations in investments, loss faith -investors, low confidence level, buerocrats, mafia and so on
9. 10 top companies foreign investments and performing index.. 25% of indian company runs out of capital and on hugh debts.
10. Outflows of dollar to US from India.
11. Imports of gold and silver, crude oil so on
12. Heavy duty on import on LED, plasma and flat Tv, Electronics items and so..

These were some eye opening facts that are hidden by the policy maker. Its election time...and no one wants to bring such facts to the massess to create trouble in the paradise.

I could recollect following points made by these gentlemen
Ruchir Sharma- the train has left the station and nothing can be done now
Arun Shorie- The flies are been axed with big axe. We want reform and do something which is right and effective.
Prannoy Roy- States , there is a tide and huge surplus of cash flows towards states and once tide settle will reveal a fact who is swimming nacked in the water. Time to answer this.

Well the talk show was most sensible and meaninful . Has this been the state of India's economy we're then too close to crisis that has evident in year 1991.

Saturday, August 17, 2013

Trouble in Pradise.This is just a start.

Largely political system is getting too complicated and unstable. The insurgencies and sanctity of line of control has been the grave concern of today's India. To be candid the things has been brushed out like the hive of big mystical dynamo. I really don't know is this the election 2014 that is making all the scenario more worst that it seems to be . The political instability , endanger border security and economy down turned are all that signaled the downfall of new governing body UPA. I 've no answers to whatsoever the rational behind it. The world bank says due to excessive regulation in trade and business in need made situation most vulnerable to debacle to India's economy. The think tank like Manmohan singh, p chidambaram, Montek singh Ahuwalia and RBI governor Raghuram Rajan seems to be doing too little to correct current stats and make some amendment. The negative current account deficit and import of crude oil and gold/silver have added more to the current problem. The foreign exchange reserve ratio is not at permissible threshold level hence situation is more worse than it could be.

What can be done better?
1. Decreased import of Gold and silver for specific time period. Send the message to the nation. Import as appropriate.
2. Reduced import of electronic goods and technology, ensure domestic market to increase production in house. Promote domestic good.
3. Try to explore new source of energy. Curb import of crude oil. Prevent bureaucrats to misuse natural resources to avoid influx of crude oil from global market. We are big in numbers. We must promote public transport or some alternate mode of transportation. The planning and implementation will take time.
4. Encourage more foreign trade. Increase FDI cap and help foreign investments way to transparent and proper channel. Bring streamline process and help foreign investment gain confidence and see India a suitable market for profitable and colloorative business.


Saturday, August 3, 2013

India Today

Whether its IAS officer Durga's case or Shobha De tweets or it may be sand or coal mining mafia, its evident we're are lost. Totally in Mess!. .. its sheer agony we even didn't able to utilize our resources efficiently and make both ends meet. Still we facing the worst rupee vs dollar hits. We trying to make things more worse than better. Its the India way.  my own country prime minister who had once finance minister has not able to overcome the despair in India's economy. We have Amartya Sen, very little he could offer to save us from this mess. Now Montek Ahuwalia again he is doing a mock trail of no sense verdict he represents every time he entails the story of economy boosting and all. Well we discuss ,we debate, we talk more useless , senseless issues that just damage the fabric of my nation. Here I'm not supporting any political party or leaders , I'm just pointing to mismanagement in India's administration. Yes! we failed. We need better cohesion , control and management in our political and country's development ecosystem.

Atleast I was happy that at parliament we've ministers who're educated to certain extent that they can think and react . Its good for us...we started. We started acting and thing. My observation, today I can see political think tank started realizing that we want educated leaders in the system who can talk who can articulate and represent. WE ARE CHANGING!. ..But its time for some action. I don't see that happening anyways..its long journey. We are big in population, big in corruption , big in pollution , big in mismanagement.


I've an idea---For better tomorrow..

1. Education for all- Once every Indian is educated, one can make their livelihood better and lead life better for tomorrow. Once that is done..one starts thinking. Education open ups all avenues, ideas comes up, ambitions becomes more prominent and prudent. This is the first step. We see this happening in Urban India. We see mid day meal issues in Rural areas , school not to that standard for that matter it is Bihar or UP or other state. I listed what I see in media and outside . We have poor system. Just next day I heard girls from Jharkhand who represented the football team at global level made to suffer in their own country , No recognition ,No support even our governing body was not aware of it. Its a shame.. we not seeing development in any form. Richer becoming rich and poor becoming more poor. This state of current affair.

2. Infrastructure- We 've to improve our infrastructure. We have to curb illegal construction and bring the reform in infrastructure development. We've to bring reformity in planning society and living system. We require process and system in place. We want transparency. We have builder mafia in our country who rules the bricks and walls of our country they define the living standard for us. We are taxed like anything and its government/politician nexus with builder . Its evident and I think no one can hang me for this. Its truth of today's world. I remember once my fellow colleague from other part of the world asked me , why the price of home in India is sky rocketing..he satirically remarked stating is your house so costly because its made out of gold. Here what we need change. Every citizen can get home at reasonable price but this is not happening.

Now just look at the roadways, we have poor flyovers, foot bridge and highways. If we try to make the city transportation and commute to office or any travel for that matter easy and quick what we save , what we gain, what we achieve...
1. Suppose if we have excellent road ways- THEN we save fuel in traffic or congestion. We save cost in terms of vehicle maintenance. We reach our destination on time. We'll be productive we will be relaxed less stressed out. Average Indian spent their most of their time in traffic and main reason we Indians are not punctual. Just understand if we've better connectivity or world standard roadways we can then avail other mode of transportation. We can enhance our public transportation, so need to get our private vehicle in the dungeon. Yes then we can even get bicycle at office or any short distance. If you see this will give impetus to our health system.If we promote the system that way..But it not seems to be happening we see youth getting on to Bike with high CC and our promos advances that more.Its not bad but again at very tender age we make them resilient to new things. Again this just another discussion.

Lets look at other options we can promote other mode of transportation ie, water transportation. We can reduce congestion at this level as well.

Health System- We've medical shops lined up at every 1km in urban city and you never know all players comes into this field like any thing. There is no control at all..we never know doctors prescribe medicines of which brand. Its all endorsed. Not to elaborate much..We all know. There is humongous acceptance to mal practice and we compromised.
We have poor hospital no support for major casualties . We 've doctors who spend lakhs of rupees to get professional surgeons or any expertise in its field. And what seem to happen we see clinics,dispensaries or private hospital lined up like anything. Its a business..Every hospital  charge like anything. Poor suffer!.Because we have expensive doctors. No regulation and control. Now coming government hospitals . The doctors who practice there have most of their time spend in their personal private hospital, unhygienic conditions , very less public hospitals to address this such a population. Organ smuggling and illegal organ donations happening like anything.

What we can do-
1. We have to curb and check the production and inventories of drugs manufacturer and the one endorse just to promote sales.Bring the strict rules and license act and audits at all levels.
2. Get every one covered and insured for free medical assistant and help at first ciritcal level. We can create a trust at each institute and collect money to help needy.
3. We can get better medical education system and relaxed huge fee on getting good and efficient doctors or surgeon in place. What we see who afford they make their kid to excel and pursue career for them. Let make eligible and deserving candidate get the first edge and rest follows.
4. Setup medical colleges in rural areas and make the urban lad studied their and help balanced the villages health system. In a way we can bring more people to all part of the country and make better and balanced system.

Explore New Energy -
We need to promote research and development. Bring innovation, explore and discover resources to reduce dependencies . Once we are self reliance and have own natural resources we are in better position to make our country progress and excel.

Waste management- Here is an Idea! we are big in population and also in size. We have huge potential to convert our waste into good source of energy and revenue generation. We have introduce a mechanism , process and practice at every level. We see today Industry follows the waste management practice at very high level. They are gaining it from them. We should not limit this just to fabric of industrialization we require to bring this systematic planning at every household level.
Imagine we preach , teach how to manage waste we then really require less space to dump our garbage and we can prevent disease or pollution amicably. We will have good hygienic system in place.

We have to bring all society and educate them to separate dry vs wet waste . Tell them what to dispose where. We can create three tunnel in every building which is going to be constructed newly. We can extend this ideas to row houses and many other housing system. Once we smartly bring in the practice to separate dry vs wet garbage/waste we are in good shape to take this to next level. We can make this a big business. I heard once, waste of one, treasure for others. Just understand this ideology and we can make this big. We then have clean air , good paths and better surroundings.
We can resuse, recycle and reduce, if we follow this diligently and religiously we can make a huge difference.

Agriculture- This is vanishing and this business is shrinking like anything, During childhood times I learnt about irrigation system , dams and many think but we are no where.. we even don't have food storage management in place to keep food quality preserve for long period of time. We waste them or we give free hands to commodity whole seller/retailer a chance to contraband them so as to make commodity price go high to get better profit margin. We have no methodology. We are in trapped..Its a big topic. This is business

Promote Sports and educations and professional at all level-
Most of the parents want their child to pursue education in specific profession sector. It can be a software engineer or MBBS etc. We have to break this myth lets our kid excel in areas where he or she is more comfortable. Make them think. Bring more sports person , bring in more engineers or finance advisors or event management lad or master cheff and many other areas. Just don't restrict one to pie of the cake. Make them explore the whole horizon and then make them a reality.

Donate your organ and live life after -
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