Will our financial 'Viswakarma' boost the economy!

September 17, 2012 10:51
Will our financial 'Viswakarma' boost the economy!

On this Viswakarma Jayanti we need to remember the financial Viswakarma of the nation. He is none other than our ardent Prime Minister Dr Manmohan Singh. The always sullen PMO suddenly is moving at a rapid pace with a set of reforms announced. This  is  after the arrival of the UPA Chairperson from a global medical visit. But why this sudden string of reforms, though officially, individually all of them were previously announced by the UPA. But this form of putting all of them in a basket was surprising. Some call it  suicidal steps by the ruling party, as this is going rake in heavy criticism from the oppositions, which is what is happening. While others call it a clever move which gives the oppositions some thing else to gnaw instead of the coal-gate and power scams alleged by the CAG.

However the PM who was the stalwart who devised  severe economical reforms under the abled leadership of our late Prime Minister P V Narasimha Rao. In fact this was his first assignment as political authority, as he was earlier on various assignments as RBI governor and as economic advisory.  Due to his high profile, much was expected of him, when he ascended as the PM in 2004. The result was not that brightening, as you all know the reasons. He even earned the tag of being an 'under achiever' by a leading global magazine, which was an insult in a way, to all of us.

Anyways after an hiatus the PMO seems to waken up and announces a string of reforms last week-end. The result is ofcourse a nation wide bandh call on September 20, by the oppositions. Inspite of this chaotic turn of events, there would be none who would ever suspect the PM's personal integrity, honesty, or of his good governance. But things are not moving at the required pace and the revival does not seem to be on the anvil, either.  Nevertheless, the global criticism seems to be vital in a malicious propaganda against the man who was once the visionary of reforms. Most suggest that a change is inevitable to revive the ailing Indian economy. But why not they suggest the same to European Union, UK or USA where the situation of an economical crisis is no better either.     

Anyways that is not our point of discussion and we are sure that the proposals suggested by the PMO are sure to benefit the turnaround for the Indian economy. However the proposals getting into action might be well far off, with the oppositions screaming against the issues on top pitches. (With inputs from internet-AW AarKay)

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