Manmohan Singh
Finally, Manmohan Singh openly cautions that the economic policy stalemate obstructs growth and points out that FDI and FII funds are utilized for debt servicing. Is he an ex-Governor of the Reserve Bank? He doesn’t utilize his intellect to summon his inner economist. I believe that is the case because he is not a Nationalist. He is generally a Bureaucrat.
Gopala Krishna Gokhale stated, “Bureaucracy is openly self-serving and openly antagonistic to national ambitions.”
Foreign debt can be more effectively managed by boosting production in India for export and by decreasing the import bill. Following the liberalization of Indian Markets to international traders (under the banner of Economic reforms), India’s balance of trade has tilted in favor of the US. Manmohan is an expert at bluffing. Is he unaware of basic economics?
Debt is repaid with nominal interest, while FDI and FII (funds put in by foreign investors) must be returned multiple times, possibly 10 or 15 times their initial worth by India. He is charging us Rs. 10/- in the future for a current obligation of Rs. 1/-This is a candid acknowledgment from Manmohan regarding New Delhi’s inability to rectify the Government/Public finance. And there are no bounds to his bluffing. Petrol and Diesel rates in India are the most expensive globally.
The price of diesel directly influences the costs of all goods since it is essential for transporting them. Soon, people will struggle with the burden of rising prices. An example would uncover the reality of India’s economic reforms. Everyone is aware that the Golden Quadrilateral National Highway was built during the term of BJP leader Vajpayee. The project expense amounted to Rs. 1,80,000 Crores.
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It was completed in roughly 4 years. It was funded by the World Bank, possibly around Rs. 1,50,000 Crores. In this timeframe, India’s import expenditure for earth-moving machinery and related equipment from Europe and the US amounted to Rs. 1,45,000 crores! The debt is currently being settled by Indians through an Excessive Toll Tax on National Highways.
** I posted this comment on Times of India responding to the news article ‘PM Manmohan Singh cautions that a policy deadlock may reduce growth to 5%, supports FDI in re…‘ dated. 15.7.12.
Economist PM failed miserably
Economist PM Manmohan couldnotachieveeconomicself-reliancefor India. Istheresomeone in India whounderstands the roleof FDI in the Indian Economy? Whatdrives India topursue FDI? The Government utilizes the FDI, which is in Dollars, for servicing its debt. This aloneindicates that the Economic Professor (Manmohan) didnotsucceedinmaking India economically self-sufficient.
The PM has completely failed to handle Indian finances. He has come to rely on the foreign invaders to replenish the Treasury’s funds. Kindly be aware that this scenario exists in an Economist PM.
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Despite the factthat the Indian government gathers the highest taxes globally. Moreover, FDI will not distribute Technology to India. India is beingcovertly enslaved for another 20yearsby Patent Laws. Prices will certainlydecreaseinitially with the arrival of international traders. However,after the removalof local smallvendors, prices ofgoods in largeretailstoreswillultimatelyincrease.
This occurred when Coca-Cola returnedto India.
Hail India, a Boat without a Rudder
Nuclear research doomed
India’s sovereignty is permanentlyundermined. Even in the absence of signing the Non-Proliferation Treaty, NPT, India founditselfmiredin a situation of International / American oversight and regulation of our domestically developed and zealouslyprotected Nuclear Program permanentlyinstigated by the Government. Accordingto Dr. ManmohanSingh’srecentremarks,Indiawillbegin the processofseparatingCivilianandMilitaryreactorsimmediatelyratherthan in 2014.
I wonder if the media is ignoring the situation or colluding with the Government. The public is intentionally excluded from the spotlight of national security matters to prevent any potential outcry.
Lord Swamy Vivekananda, a century ago, expressed that ‘the sole hope for India lies with the Masses. The elite classes are both physically and ethically lifeless. This remains accurate even in the present.
In India, the masses cannot be guided by intellectuals (Babus) because once educated and financially stable, the learned individuals become estranged from the people.
Mass leaders, drawn from the masses, have little Nationalism to consider, as they are occupied with their Caste/Community objectives. The UK Parliament is debating whether to send a dozen British soldiers to Tikrik from Basra, but why does the Indian Parliament avoid discussing and voting on these National security matters?
The UK Parliament is debating whether to send a dozen British soldiers to Tikrik from Basra, but why does the Indian Parliament avoid discussing and voting on such national security matters
Bureaucracy is frankly selfish
Gopala Krishna Gokhale on Indian Bureaucracy: Ninety years ago, Gopala Krishna Gokhale expressed discontent, stating, “the Bureaucracy is openly selfish and openly antagonistic to National ambitions.” In the current context, his term Bureaucracy can be interpreted as the Establishment, encompassing Media, Politicians, the Educated, etc. Is the Indian establishment in profound slumber or betraying the National interests?