Friday, June 29, 2012

Corruption in Public Sectors by Congress in its 60+ rule.


Congress and corruption both start with “C”. Thus bonding between them is unbreakably strong. India attained independence in 1947  and the first Govt. was formed under the leadership of Pandit Jawaharlal Nehru had few non-Congressi leaders, who were assigned ministeries. Mahatma Gandhi had asked Pandit Nehru to incorporate Dr. Babasaheb Ambedkar and Dr. Shyamaprasad Mukharjee in the cabinet, though their political beliefs were anti-Congress, due to their commitment and capabililities  to serve the nation.
Pandit Nehru ‘s ideology was inclining towards Socialism and thus, he dreaded Privatization. Public Sectors were given gratuitous importance and the loop-holes of in Public Sectors were overlooked. He addressed Public Sectors as “Temples of Modern India.”He feared Privatization would lead to money accumulation in hands of few and India, being young and over-populated nation with more people residing in BPL, the deprived class would remained more and more underpriviledged.
But,
This optimism of Pandit Nehru, invented Public Sectors which turned into Power centralization centers and which in turn gave birth to colossal corruption. Pandit Nehru’s gradient towards Socialism was integrated in numerous Public Corporations such as Steel, Drugs, Fertilizers, Engineering Consultancy, Farming and Food Imports, Mining, Oil Refinaries, Hotel and Commodity Trading. Today, Commodity Trading has ignited such huge speculations in basic food products that the undue and excessive rise in price results in unbearable burden on common man’s shoulder.
Pandit Nehru’s whim regarding creating uncountable Public Corporations swallowed Rs. 6000 crores in 1969 to 23,000 crores in 1990. The Govt. attributed Rs. 50,000 crores in deficiet budget. About 390 such ”temples” have digested mammoth public money.
When Maharashtra’s  Finance Minister was Forest Development Corporation’s Chairperson, he was ordered to appoint Congress jobless Karyakartas on various posts. Thus, he generated superfluous  Corporations in Congress led states, which provided high salary and perks to them.
And,
This unplanned so called economic reforms is the main cause for decline in economic growth. Mind well, complete open economy is not the answer to the over-populated country like ours but resorting to uncontrolled Public Sector has led to corruption on huge scale.

Thursday, June 21, 2012

Where the womenfolks prosper, the community flourishes.. Kudos to Sewa International Trust and Gujarat Govt.'s efforts.


Motherland Bharatmata is bursting with colorful diversity and accompanied by uncountable talent. Indian womenfolk has always portrayed artistic pursuits even while performing household chorus. Their fingers are home to multiple flair and thus, their courage to support the family in bad times, is outstanding.
In 2001, Kutch in Gujarat was an epic center for horrendous earthquake and as a result the lives were devastated. Those, who were affluent gathered their lives at faster pace but the economically backward were terribly shattered.
But,
Their fingers were replete with abounding embroidery art and their courage to get back to life with zest, impressed the Sewa International Trust of RSS and they took it up on themselves to re-habitate these women and their families and help them to walk on the path of self-reliance. Thus, it started a few years back in a small area called Jiyapar, few kilometers away from Bhuj, in Kutch district. Jiyapar, too was completely crushed in 01 earthquake but, with the enormous funding of Shree Swaminarayan Trust and common man’s zeal, the village was once again set up.
The Sewa International Trust initiated the womenfolk belonging to Rabari, Aahir, Harijan and such economically backward classes to develop and project their art and skill to help them to be economically independent and stand on her two feet. The Silk and threads were ordered from Banaras and looms were set up. The products produced by them were exhibited in various exhibitions. Few foreigners were so impressed that they ordered bulk orders. The local trust was formed named, Kutch Sewa Kala Kendra, which worked in association with Sewa International Trust.
Later, Gujarat Govt. gave a plot of 8,950 sq.feet to construct where 2300 sq.ft center was built. Sewing Machines set up to mechanize the work and get larger output.
Sewa International Trust is RSS outfit which is one of its many projects that works for the welfare of the society. Not only for their social upliftment but also their economic development.
Shri Narendra Modiji’s Gujarat Govt. has womenfolk s progress, very close to their heart. Shri Modiji inaugurated the Kutch Sewa Kala Kendra, the training and design Center in Jiyapar and saluted the Nari Shakti...

Saturday, June 9, 2012

The saga of sinking INR...


The Value of Rupee is all time low, at present. The value of Dollar, as compared to INR is Rs. 52.3 and GBP [Great Britian Pound] is Rs.82.9, as on today..
One is obligatory to discover the reason behind such a huge of fall in our currency value as there is not any visible grounds that one can suspect of, other than Indian Govt.’s inefficiency and may be, intentions...
The rainfall has been unvarying since few years and nation not really facing any severe drought like situation.
But,
Still, the value of Indian Rupee has degraded and stooped to its lowest..
When India attained independence on 15th August 1947, there was no debt on Indian economy and the value of 1 Rs.=1 $!!! With the introduction of Five year plan, the Indian Govt. needed funds, thus they started borrowing and started devaluing Indian Rupee. This situation was worsened when Indo-China war broke out in 1962 and later during Indo-Pak war in 1965.The Rupee was further de-valued as India needed finances to buy weapon.
In 1966, when Mrs. Indira Gandhi became the P.M. the inflation had reached to its peak.To maintain the US aids, USA Govt. demanded and pressurized to further devalue the Indian currency against US and kept the value of INR at Rs.7=$1. The then ministers Mr. Krismachari and Mr. Kamraj opposed vehemently to this policy but to no avail as Mrs. Gandhi was adamant about having the US aid.
After 1970, the value of US$ grew stronger to INR due to incompetence of Indian politician, the then Govt. of Mrs. Gandhi and bully of US. The exchange rate of $1=Rs.7.47 in 1970 which rose to $1=Rs.8.40.in 1975. After the assassination of Mrs. Indira Gandhi in 1984 and the Bofors scandal as well as tumbling of Mr. Rajiv Gandhi’s governance brought the INR still further down to $1=Rs. 12.36 in 1985. In 1990, the value of 1 US $=INR 17.50...
Whenever India faced economic crisis, US made India de-value the INR by giving financial aids or trading benefits. In 1991, under Shri Narsimha Rao’s govt. India faced dire drop in INR against US$. The Indian Forex Reserve sunk to its bottom  and at a point of time, the Indian Forex Reserve was as low which allowed payment of only 3 months import bills. To overcome this crisis, Indian Govt. borrowed hugely from International Monetary Funds [IMF]  with the condition that INR would be de-valued further. Due to this, the 1 US$ became 24.38INR. from Rs. 16.49.
After this, the US dollar has been on ascending spree. 1 US $= 28.97 INR in 1992. In 1995, 1 US$=34.96 INR. In year 2000, 1 US $= INR 46.78.
But,
In 2002, for the first time in the history, the INR became stronger than the US $. In December 2002, the value of INR=48.14 and in 2003, the INR was 45.57 and in 2004, the INR was 43.84 as compared to 1 US $.
Today, the value of Dollar as compared to INR is on top. It makes one wonder, the cause behind this....
The reasons can be plenty..
Whenever the value of INR has dripped, naturally the foreign investment has flown in. Not the entire investment, is fair purpose investments. Lately, whenever the  Rupee is de-valued, it is accompanied by colossal amount of Black money invested by Indians in foreign banks.
It is very important to control the de- valuation of Indian Rupee to prevent the decay of Indian economy.

Wednesday, June 6, 2012

The value of Indian currency slipppping down...


Day and day out, the Indian economy slips on descending order. The price rise acute and shortages of basic goods accurate. The inflation shooting up on rocketing speed. The poor becoming poorer even though the weather God has not completely not blessed our land. The drought like situation prevailing on a small scale here and there but not the entire country is in the clasp of it.
The scarcity experienced due to unimaginable corruption in the distribution system of  basic goods as well as speculations permitted in necessary products  like Dal Chawal, Sugar n Spices...It is the irony when the Govt. itself becomes party to such shoddy activities. “Jiska Raja Vyapari, Uski Praja Bhikhari”.   If the speculation commotion  persists of luxuries, it is still permit able as it does not really amend common men’s lives but to augment the cost of most necessary edibles, is criminal.
But,
The saga of misery does not end here. Recently, the value of Indian currency is falling exceptionally low. It may appear to world, that Indian economy is plummeting due to exhausted resources or natural calamities but we all know, none of it is true. It is mainly and only the result of unparallel sleaze in intention of people in power, lack of purest of purpose  and commitment to bring about change in the most marginalized person’s lives. As a result, the value of Dollar and Pound is shooooting up. In reality, the British economy is in doldrums and their infrastructural development is diminishing. The rich and elite class of UK is on verge of shifting base. Same is the condition of USA, where unemployment due to collapsing of economic reforms is on ever so high. In such scenario, there does not seem to be one good reason for Rupee to fall on eternal low.
But, Yes....
There is a reason.
The Black money hidden in foreign banks has turned out to be the burning issue and slowly and steadily the citizens are becoming aware of it. Now, the time might come when to bring the Black money back becomes an inevitable issue for the UPA Govt.
And,
It is an open secret, about the ownership of the Black money. If the value of Rupee falls, increasing the value of Dollar, bringing back Black money would be more profitable....
Isn’t it?
Think....