Tuesday, October 1, 2013

PM’s inadequate, impractical and illegitimate actions

As reported by Rajeev Deshpande in his Sunday article (The times of India; dated 3rd March, 2013 ) the manmohan Singh Government is reaching across political divides to rescue mining projects in opposition- ruled states of Goa, Odisha and Karnataka with a view to energizing the economy ahead of the 2014 election. The following steps indicate that the PM has resorted to inadequate, impractical and illegitimate actions in achieving his goal: A) Transparent policy was not adopted in allotting the coal blocks for reasons best known to him despite suggestions from responsible authorities for the auction of national resources. B) Despite 10 years of stable tenure, the P.M failed to draw time-table and ensure the implementation of targets in terms of identified coal blocks in both public and private sectors, requisite clearances and approvals from different ministries to produce and distribute enough electric power among the states. C) His style of functioning was not systematic and result-oriented. Not only he himself but his advisors too in PMO frittered away their energy and resources on unproductive work. Foreigners’ Forecasts: India is heading straight for economic failure post-Chidambaram’s budget as a direct result of the lack of meaningful economic reform, says the heritage foundation, an important conservative think tank in the US. Asserting finance minister, P.Chidambaram’s budget, Derek Scissors of the Washington- based organization said that “leaves India on the same, failing course it’s been of undisciplined spending and unrealistic expectations”. “Without sustained reform process, which will take considerable time, India will not return to the days of fast growth”. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

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