where is slowdown when movies is making 120 cr in a day.. the 120 cr day theory did not win nobel so sad
Good article. We should also be looking at agri based industries which would upstream the produce. Storage conditions include cold storage to be improved. Additionally,a) we should go to primitive farming ways and also go the Israel method of using water in farming. b) We have a fantastic institution called ICRISAT who specialize in dry farming and organic farming. Not sure we have explored the potential.
Cant add anything more. Good Article.
lending is a skillfully handled job. the lender must ensure that funds are entrusted only to credible borrowers who use it for a specific purpose and not diverted for any other use in collusion with borrowers, politicians etc. such skills are lacking in PCBs. where persons are assigned responsibilities without scrutiny of their suitabilty especially re.their reliability and past record. apart from stricter compliance rules and limitations in force the choice of personnel in sensitive positions needs care and screening.
Ramadesikan Srinivasan (Mumbai)
So well said Uma Sashikant. India needs to move towards zero permission to self compliance at all levels. Even now, unless you obtained about 15 permissions (registrations, licences, permissions, inspections, approval, etc.) you cannot even open a warehouse or a shop or a small factory. In each of these, there is rent seeking at local levels. The next thing that is important, you need to bloody massive amount of competition in transport, port services and financial services. When the rest of the world is willing to lend at 2% (effective cost including exchange risk premium, might become 5%), why should a budding entrepreneur pay 15%. Entrepreneurs should be able to freely bring in foreign capital without having to run to RBI for permission. One notable omission in his analysis is that Indian Judicial System encourages time wasting tactics, no serious punishment for crime, justice is delivered no less than 25 years. Both the Judges and Lawyers in India are to blame. The Legal community earns by efflux of time and not by speed of achieving something. No politicians ever go to jail, either because they are saints and all the allegations are false or they collude among themselves to stay out of jail. Charade is all we can say. Senior Ministers in the current government cried hoarse when they were in the opposition about Coal Scam, Commonwealth Scam, Adarsh Scam, Irrigation scam in Maharashtra, 2G Spectrum Scam and many more. Where are the judgement and jail terms for scamsters?
MY SOLUTION IS TO PUT ALL UNEMPLOYED IN INDIAN ARMED FORCES OR NATIONAL SERVICE FORCES, TRAIN AND ARM WELL WITH LATEST WEAPONRY AND SYSTEMS AND THEM PLACE IN HUNDREDS OF COUNTRIES WORLDWIDE INCLUDING UNIHABITED AND POORLY INHABITED REGIONS WITH THEIR FAMILIES SO WE HAVE AKHAND BHARAT. LETS DO WHAT THE WEST DID. TIME TO GO WIN WORLDWIDE. JAI SRI RAM
Middle-men, corruption, extortion, millions of "guards" paid to sit idle on a plastic chair, bureaucracy deriving its power from its ability to stop any endeavor, out of greed or laziness. This is not how China got richer.
Government can fix its problems of funds in just one day if it has guts to tax all places of worship regardless of the religion.
First, take the gold of the temples for gaushalas, money from mosques for Hadj.
Ramamohana Kodali (Highland Village, Texas)
Indian economy is agriculture orientated.Agriculture has no lobbyists.Since independence industry is pushed forward at the cost of agriculture. Supply of quality fertilisers, seeds, storage facilities, cold storages, renumarative prices, meaningful crop insurance,secure land title deeds etc have to attended on war footing. N.D.A Govt made a beginning in this regard. Pampering inefficient industrialists is not the only solution to solve slow down.
Higher duty on imports of products reserved for small and medium industries bust be in place to protect and grow our industries from Chinese dumping.
From 2015 Cash from PSUs have been taken away,leaving no room for their Capex and growth,thereof.This has adversely affected India''s economy,Job Creation and hence Consumer Spending.
RBI''s reducing rates will destroy Banks,Pension System,Insurance Sector,Money Markets.Due to Asset Bubbles Collateral will be over-valued,making Banking loss-making and riskier.This is proven by NIRP by ECB and BoJ.
Under NDA from 2015,the following have adversely affected running of SMEs,Jobs,LIQUIDITY and the informal Economy.Following the diktat the IMF and G 20,has hugely affected the above:-1.IMF and G 20 work for the Globalist Oligarchs and not for the people or Nations at large.2.Demonetization and huge US Treasury Holdings[US DOLLARS 162.7 Billion,as of June 2019 ],denies the much needed Liquidity,what with PSU Banks in dire straights.SMEs were stopped permanently and Millions lost job permanently.3.Hasty and high GST reduced consumer spending,SMEs shut shop permanently and job losses were again huge4.Velocity Of Money will be high in a thriving economy.Hence US Treasury Holding has to reduced by US Dollars 100 Billion at the least,to lend.
Target of keeping inflation low had impact on farmers, their income went down. Next turn is senior citizens, depending on interest on deposits. Senior citizens income is reducing with repo rate. Now who will be next??
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