Writing is like T20 batting. If you block, you might as well retire to the pavilion! -- Pete Langman
Expat in Germany

Friday, February 27, 2015

Most Discussed Apart From...!!

In one end of the world, there is the most friendly war going on, the cricket world cup: I don't know why football has so many fans!! People seriously do not understand the beauty of cricket. They just don't. Well, Indians have always been ultra smart and they understood the fineness of cricket and struck to it! In an other part of the world, in a small region called Haryana, there are stupid attempts of worsening an already worse education system and also to raise a dead river. Well, I guess Haryana is quite well irrigated. Maybe they want to help other states too. They better think about the unification of rivers.

Anyway, amidst all the excitement due to cricket and anger due to stupidity by few Sanghs, there is one event which everybody is talking about. Probably for the first time in my life, I am seeing the Annual Budget which the finance minister proposes get this much attention. Be it the land acquisition bill, the increasing growth rate or the markets, this budget probably is the most talked one in recent times. It got so much talking about it that I read people wanting it to be like the budget of 1991 which changed the fate of the country. So much attention. That is why, fingers crossed!

There obviously is a lot of decentralisation by the central government and it is evident in the 14th Finance commission. Few things I like very much in this commission is that there was discussion about increase in forest cover and the economic benefits of it. Also, the breakage of funds to Panchayats, Municipalities and corporations. Especially, separate fund for disaster management. Now, states need not beg the center for money when there is disaster. It is good that states like Karnataka and Arunachal Pradesh are receiving more. There is a lot of poverty there. The northern Karnataka is horrible and Arunachal Pradesh is vulnerable. Uttar Pradesh and Bihar are rich.

Cinematic!!!

No body wants to give away land. We are no Vinobha Bhave. Boeing had to abandon a project which might employ a lot of people just because people sat for a dharna about a small strip of land. Then there are these NGOs. Moreover, the compensation still remains the same and consent of owners is not taken only when it is a defense or nuclear or rural project. Apart from this, almost everything else remains the same. The only thing that is worrisome about the new act is the "social infrastructure" part. It would be pretty scary if this means real estate! That is a demon. The new ordinance is pretty much similar to the old one. I don't know why Anna had to hold such a huge rally!! Maybe there is some fault with the act, else why would he stage a dharna?

The railway budget was designed in a light way, though the markets went down. But just announcing new trains will not do. This is a wise and more importantly, non controversial rail budget. This makes the financial budget even more interesting. As Jim O'Neill says, if the expectations are met, markets would rally! The entire nation is looking forward to how the budget satisfies the share markets and the vegetable markets!!

http://economictimes.indiatimes.com/opinion/interviews/markets-can-rally-20-30-if-budget-2015-meets-partial-expectations-jim-oneill/articleshow/46362167.cms

In the prime minister's words, "Khela aamir ka phal nahi hai, khela garibon ka phal hain" It would be fascinating to see how the finance ministry balances the equation. The economic survey shows good work and its continuance. But then, it is done by the finance ministry. Personally, I have only one wish, economy boost should not be at the cost of ecology. It would be nice if the good work is truly continued.

http://www.thehindu.com/opinion/interview/interview-with-robert-c-orr-modi-government-has-shifted-gears-on-climate-change/article6926480.ece?homepage=true



Looking forward for comments on the budget to the experts and the critics tomorrow!