VOX POPULI
by
S Kamat
as
Aam Admi
Issue: 288 Date: 01.07.2019
Contents:
1. Nirmala Sitharaman Should Pick Her Way Carefully Through
India's Economic Maze
India's Economic Maze
2. Margao Garbage Sentinel Scheme Is Improper
3. India Needs To Put Its Shoulder To The Wheel To Bring
Back The World Cup
Back The World Cup
Nirmala Sitharaman Should Pick Her Way Carefully Through India's Economic Maze
Our new Finance Minister, Nirmala Sitharaman has claimed that Demonetisation had no impact on the Indian economy. This is clearly a refusal to see reality. A large number of MSME's were wiped out, the trading community got affected because of lower cash in circulation in the first 6 months of Demonetisation and there was large scale unemployment in the informal sector. Are these not part of the economy? The constant problem with this BJP government is the refusal to accept what is. If you do this then these sectors get unsighted, ignored and find it difficult to come back to the mainstream of economic activity which indeed does affect GDP. In fact this is precisely what has happened with the 'managing' of the GDP figures. Organisations like RBI and other economic entities who need to work with these figures have this serious doubt that their planning would go wrong. In military parlance which is a favourite with the present dispensation, to use an analogy one can say that feeding wrong targeting data to an artillery gun or a missile battery will make you miss the target. That is what is happening to the Indian economy, it is merrily sailing the seas without a sail or with its engine failed which is all right until it reaches rocky shores where it will flounder badly because of the inability to steer it. One hopes that day does not come soon.
As regards Nirmala Sitharaman's other statement where she is preening that we are the world's fastest growing economy and comparing the growth rates of the US and China with ours, she does not seem to understand that fastest growth is useless if it does not contribute to the benefit of the economy. With indices like unemployment hitting a 40 year low, with credit offtakes from the banks hitting a nadir and monthly growth rates sputtering in a stop-start manner, surely everything is not right with the Indian economy. As to the comparison with the US and China economies, they are in a different ball park since their scales are much larger than ours. The incremental growth that the US economy gives with its 2-3% growth will be much larger than the 7% growth that the Indian gives. The same is true for China. India is being lauded by Western countries and its multilateral institutions on its growth rates is because where they are seeing flat and sometimes even negative growth among themselves and with China failing to continue to don the mantle of being the engine of the world economy, they are seeing the Indian economy as the only silver lining among dark clouds. Also recognising that India has the potential to be a major player in the world economy they are encouraging India which our decision makers in government should not misread and sit back saying all their work is done because the world thinks so.
Nirmala Sitharaman is a first-time Finance Minister getting ready to present her first Budget and should therefore be careful of how she projects herself in her job and not blindly follow the propaganda dictates of her government.
As regards Nirmala Sitharaman's other statement where she is preening that we are the world's fastest growing economy and comparing the growth rates of the US and China with ours, she does not seem to understand that fastest growth is useless if it does not contribute to the benefit of the economy. With indices like unemployment hitting a 40 year low, with credit offtakes from the banks hitting a nadir and monthly growth rates sputtering in a stop-start manner, surely everything is not right with the Indian economy. As to the comparison with the US and China economies, they are in a different ball park since their scales are much larger than ours. The incremental growth that the US economy gives with its 2-3% growth will be much larger than the 7% growth that the Indian gives. The same is true for China. India is being lauded by Western countries and its multilateral institutions on its growth rates is because where they are seeing flat and sometimes even negative growth among themselves and with China failing to continue to don the mantle of being the engine of the world economy, they are seeing the Indian economy as the only silver lining among dark clouds. Also recognising that India has the potential to be a major player in the world economy they are encouraging India which our decision makers in government should not misread and sit back saying all their work is done because the world thinks so.
Nirmala Sitharaman is a first-time Finance Minister getting ready to present her first Budget and should therefore be careful of how she projects herself in her job and not blindly follow the propaganda dictates of her government.
Garbage Sentinel Scheme Is Improper
the Margao Municipality is starting a Garbage Sentinel scheme rewarding those who report unauthorised dumping of garbage with Rs. 1000 for each event. This is sad since there is a common principle that those who wield a stick should have met their responsibility first and if at all necessary use the stick with discretion. In the case of garbage, the authorities be it the panchayat, municipalities and corporations across Goa have all failed miserably in handling the issue and that is the primary reason why we have garbage dotting our roads and open spaces which stink to high heaven. To give you an example of Alto Santa Cruz where we stay, we had an agency set up to collect the garbage from each household which they had asked to be segregated into wet and dry. This continued for a while and then stopped because the contractor gave up and was changed, the Saligao plant refused to accept the garbage etc. etc. Reasons for not doing anything are many, as we all know. At these times everyone in the locality was left high and dry on garbage disposal and the dumps nearby started growing with garbage that people threw there having no other alternative. The latest position is that the garbage contractor comes but he does not accept dry and/or plastic waste. So what do we do with the dry waste? We cannot throw it nearby since we will have an overeager sentinel snap a picture to earn that measly and clearly improper Rs. 1000. This is absolutely irregular since when we pay our taxes regularly which includes garbage tax and the panchayat is unable to deliver on its responsibilities, we are likely to be slapped with another 'sentinel tax' on garbage. Thus the proposed Garbage Sentinel scheme is bad in concept and can be implemented, if at all necessary, once the authorities have put in place a proper garbage collection system and not before that. For those who are saying that the Garbage Sentinel scheme is good, one can only say the people are not seeing beyond their nose. They also should know that people get a government that they deserve. A stupid people gets a stupid government. RIP.
India Needs To Put Its Shoulder To The Wheel To Bring Back The World Cup
In the match against England the duo of Dhoni and Jadhav were found wanting in the chase of a gettable victory or at least try and make a match of it. The run rate dropped as both the batsmen played the balls tamely seemingly with their eyes not sighting the target at all. Dhoni is at the fag end of his career but Jadhav needs to be concerned since people will start asking what he is doing in the team. Since he is a part time bowler and definitely not a batsman as the matches against West Indies and England have shown, he needs do better to remain in the team. There are others eager to make the team in his place like Jadeja who is surely more deserving both in terms of form and experience. The logic that India let England win so that Pakistan can be kept out is completely lopsided. India has gone to the World Cup to play matches and win them based on their playing ability and not be selective as to who can be kept out and whom they would like to play in the semifinal, if they at all make it to that stage. The question is after surrendering to England, what would have happened if Bangladesh beat India. Then it would have been a comedy of errors or cutting off your nose to spite your face, like you lose to England to keep out Pakistan but then lose again to Bangladesh and go out of the competition. This was not to be and India did finally win against Bangladesh in a close match. So we are in the semi-finals and may meet England our nemesis recently. So you start off in the match on a negative recalling the loss a couple of days ago. In contrast if we had put in the proper effort and tried to beat England, we would have been the only unbeaten team in the World Cup sitting on top of the points table. Apart from that fact what one needs is to have India all the time go in and play their natural game in an entertaining manner. Targets should be to set record totals while batting and not decide that 300 is enough for the team that is opposing you. And while bowling shoot out the opposition for the lowest totals. This is how champions play. Not only that the captain and the senior players particularly the most expensive coach in the world should think of strategies and tactics to keep on winning under adverse circumstances like weather. It is important to always keep an eye on the run rate if rain is imminent so that under the Duckworth-Lewis method we are ahead and not give puerile excuses later for having lost. With the present well-balanced team it will be a shame if Virat Kohli & Co. do not come back with the World Cup.
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