Wednesday, September 15, 2010

Digital Currency

In a blog ,titled ; An Open Letter To Nandan Nilekeni,a new concept of DIGITAL CURRENCY was suggested.Here an attempt is being made to expand the idea.
The model is based on virtual money taking over the existing financial system and replacing the paper and plastic currency ,in circulation at the moment.It has a tremendous advantage over the existing money as it could create transparency in all transactions and hence could eliminate corruption which is now effecting all spheres of every day life of people in India and most of the nations on this part of the globe.
The flow chart of this new economic activity is as under ;-
CENTRAL FINANCE GRID ---> STATE FINANCE GRID --->DISTRICT FINANCE CONTROLLER,this controller at district level will have three arms under its control viz:PERSONAL,BUSINESS AND GOVT. the govt. one will be having two categories:STATE AND CENTRAL.The district finance controller will be a Nationalized Nodal Bank,under whose watch full eyes all transactions will take place.
The device employed for monetary transactions will be a mobile phone instrument with some added features and soft-wares.At every level there has to be a fool-proof security code which must be dynamic by nature so that after every transaction it automatically gets locked.
Every time a transaction is done,it will attract, flat 5% as exchange charges of which 1/2 % will go to the Nodal Bank and another 1/2% will be credited to the Operative Bank.This way we can totally do away with the tax regime and at the same time the exchange charges so collected will swell the state and central coffers, at the same time the new finance regime will eliminate tax evasion.CORRUPTION WILL THUS MEET IT'S OWN END.
International trade,Imports and Exports will be routed through Central Finance Grid and activities of money laundering and manipulation of import and export bills will become impossible.People with billions stacked away in foreign Banks will have just one option to bring back the black money or leave,there by get exposed to be tried and punished.
The necessary technology is there ,it needs some,rather quite a lot of guts to take the bull by its horns.TILL SUCH TIME ;- Visit blogadda.com to discover Indian blogs

Monday, September 6, 2010

Common-Man Going For Action

The man in the street welcomes the decision of National convention of Central trade unions to go for country-wide strike on 7th of Sept'10 against unprecedented price rise,rampant violation of Labour-Laws,contractualisation of workforce,disinvestment of profit making public sector and for provisions of universal social security for unorganised sector workers.The convention was also attended by representatives of several independent federations of state and central govt.employees,banks,insurance ,defense establishments and other service sector establishments for all section of workers .
It is unfortunate that despite remaining together in all joint programs and being in agreement to this General Strike,BMS opted out - citing some organisational issues,it is expected that they may extend their support to this people's action.
The present phase is another step by all section of work force in a decade long struggle of united movement,cutting across political divide,against neo -liberal policies,the economic crisis resulting in insurmountable miseries of peasants and workers of our country.If anybody is to be held responsible for this show down, it is the govt. which never once bothered to give its ears to the justified demands of the people,not only it remained unresponsive but it unleashed further sufferings on common man by increasing prices of petroleum products,allowing employers to blatantly violate law of the land.
In such a back ground the call for; GENERAL STRIKE IS AN IMPORTANT STEP IN HEIGHTENING THE UNITED MOVEMENT OF WORKING CLASS OF THIS COUNTRY AND IT MUST CONTINUE TILL THE AGENDA OF LOOT BY U P A UNDER THE LEADERSHIP OF M M S IN NAME OF ECONOMIC POLICY IS NOT CHANGED ,THIS POLICY OUGHT BE DEFEATED IF COMMON MAN SEEK RELIEF.
What do you say friends ? will have to take sides,sitting at fence,no more please.

Monday, August 9, 2010

" JUST LIKE THAT - SOME POSERS "
-----------------------
(1) If we decide to give up our bid to hold COMMON WEALTH GAMES,WILL THE SKY FALL ON US?Are faulty egos our national pride or rampant corruption , our national shame ? (2)How could Mary remain virgin and still deliver?NO OFFENSES INTENDED. (3)Has the bug of corruption bitten armed forces,the recent reports indicate that this infection has finally travelled the long distance of civilian culture.What remedy you suggest ? this time it could prove fatal to nation.
(4)Wife beside being a wife,in due course of time take up friend,sister and mother's role.what are your views,SIR ? (5) So we are again at what we are best at,CORRUPTION.Do we have a living GANDHARI in Sonia,who could not see beyond Rahul.People debating unbearable living cost due to high prices of essential items,never fail to squeeze out max from the system;now you have this CWG thing,the scam spells -why our nation stands nowhere-when it comes to sporting events.Just like a T.V. serials, corruption in higher echelons has become a daily affair.Entrepreneurial skills of our people must be recognized and awarded,see how conveniently we rob the exchequer and still remain honorable.Is it that the terminally ill case is being treated with sweet homeopathic pills ?

Sunday, June 27, 2010

Thursday, May 27, 2010

Time To Build An Altogether New Economic System

The setback experienced by socialism earlier and now capitalism coming crumbling down,no wonder that a new economic order will sooner or later replace the present economic applications and create fresh financial regulations globally.Modern day economics has long past the ripple affects and has gone into a turmoil phase.The profit oriented system had technology revolution acting as turboprop to continuously keep the economies of developed nations in a turgid state.It had consumerism at its core fueling the profit centered growth.
Recent developments in Greece and awaiting futures of European Union nations with high budget deficits is bound to have contagious affects due to extended globalized linkages.Lets examine -how it all generated and further what all led to it's sedimentation.The genesis was incubated with advent of Information Technology which had the basis in virtuals,it thrived and flourished on unreal structures -handling out real profits which it was sucking from giant edifices of technological upheaval-a logical conclusion for industrial augmentation in earlier years.The process went on sucking the wealth out from the system and built products around borrowings.Economists,Banks,Govts.Industries and Leaders all got into this web of virtual world and worked head over heals to extract more and more easy money coming in tons of Dollars,pounds and Euros from non-innovations.Crisis erupted and precipitated down as consumerism -a fall out of today's system,created false incomes
premised on loans,it had a limitation and now it can't be stretched any further after having crossed the threshold -there is no stopping.No one can turn the wheel back,the only available option is :throwing the present economic system into a trash can,dumping it in gutter lanes and evolving a better mechanism to give the inhabitants of this beautiful planet a bountiful life devoid of deprivation.An economic tool which provides for genuine and rational profits,sufficient re-deployment of earnings back for realization of futuristic goals of mankind,along with human touch.Need must overtake greed-which has no end.
A Herculean task indeed but then moon like blunders require nothing less than Earthy solutions.Get technology the pink-slip from its position of a master of
human destiny ,and employ it as an obedient and submissive servant.

Friday, May 14, 2010

TRUST - DEFICIT

At a C.I.I. annual meet the beloved P.C. admits of trust deficit by people,should that be my personal computer or could it be the home-minister of the union govt. of India.Well! whatever may be the case the fact remains neither my P.C. nor my home-minister knows whom they represent and who put them in power.Mr.Chidambram along with his crore-pati parliamentarians need not think of all the virtual Indians who for all practical matters remain non existent and continue to applaud rising stock markets and zooming growth figures.
It reminds of two quite silly instances :on one occasion Mr. Rajiv Gandhi very boldly accepted that every rupee sent or meant for development -only 20 paise reaches the project it was in-tented for,and at another point of time Mr.Atal Behari acknowledged that the prices of onions and potatoes in the market have gone up because of hoarders & black marketeers.
What all these three great men missed or deliberately omitted was:as people in-charge of affairs ,it was they who were actually responsible for the mess.What action they intended and what steps they took to correct the situation.Shastri ,Gandhi or Nehru never sounded stupid the way our modern day economist P.M.or a fair skinned lady as super P.M.do today.Mr.Chidambram has on record stated that RED-CORRIDOR is a creation of lack of effective government and this slackness is because of absence of govt. institutions in these areas.
Now the pertinent question arises as to who is responsible for such a situation,can the govts, in power for the last sixty years or so not the real culprits.Then what could be the answer :before taking it up,let some more observations by the home minister be taken note of.He has asked the members of confederation to look beyond profit and loss accounts and not to remain content.Is it not asking wolves to look after sheep ,if non state actors are to do this,then what the govt. is suppose to do.ISSUE ADVISORIES AND BE CONTENT.
So where does all this leaves us :to throw away self- serving politicians,to reject the system of governance which breeds corruption and inefficiency.For any such drastic solution -only two visible options are there.One ,use the power of ballot,two-use bullet what the naxals are doing and thereby threatening our democratic foundations.Option has a very weak chance as the majority of the people have been kept ignorant of their rights and duties beside this the plague of corruption has entrapped most of the state machinery hence free and fair elections in true sense are impossible.
A social- scientist perhaps rightly observed that:a govt. is an organ of oppression and repression-it depends class controls it.Therefore why not raise your class consciousness,search and locate your identity to exert your class interests

Sunday, April 25, 2010

' Deprivation ' By Design Or Deceit

Have-ever the intelligentsia attempted to deconstruct the poverty web which entraps millions and millions of our fellow citizens.The founders of this nation deeply desired to provide to it's inhabitants a decent and dignified life,free from
all kind of exploitation,full of end numbers of opportunities.
The private-sector wasn't strong enough to take investment risk in core-sector projects due to their having long gestation period and big capital requirement.Nehru
took up the challenge and we opted and adopted mixed economy,thus the foundation of our public-sector was laid and on whose laurels we remained insulated from recent recession:that same gold-mine is now being put to auction for meeting budgetary deficits.
The fruits of our growth have all been plucked by few hand-fulls,precipitating in the mess we are in today's times and which has become destined fate of a billion people who thought that independence and freedom from foreign yoke will fulfill their dreams of leading a meaning full and vibrant life of humans;these people still hold the country in high esteem of mother goddess.
Why some vested interests raise a hell on subsidies allocated to the down-trodden people,the equal stake holders in country named INDIA,for sustaining life.The same being their right full dues from the society they serve day in and day out.What happens to these same economists when corers of rupees are swindled away by mechanism of exemptions in various taxes and duties,why they keep mum?WHY the children of this great nation still pick rags and remain outside school and education.How come the sons of MOTHER INDIA couldn't find a job despite high sounding growth rate.Can the future super power afford to have its people pushed to the doors of death without medicines along with a robust pharmaceutical industry.POOR INFRASTRUCTURE in metros,inhabitants in cities,towns and villages continue to be denied safe drinking water and all this in a country aspiring a seat at security council:the picture conveys more-rather much more than ever written or talked in media about the incompetency and indifference of political class.
What prevents a farmer to fix the prices of his produce,when businessman can do it,why a worker can't decide the price for his commodity,labour,when the industrialist can do it to his product.why farm production is taken away from its legitimate owner at a throw-away price.An autonomous body is given land in several cities for building stadia in name of promoting sports moreover this body enjoys several tax exemptions,the irretant is that it is not answerable to the people of this country.The elite class remains silent as they appear to be hand and glove with it in murky deals designed for money laundering but when it comes to providing subsidies for food ,fuel or fertilizers every TOM,DICK and HARRY has an editorial to oppose it tooth and nail.
Among so many threats the country is facing as of now-the worst is:loosing adminstrative control of our eastern corridor being under seige of naxal uprising against Govt.of India.The economist P.M.need to tell the nation,when will other segments of society enjoy the right entrusted to them through our constitution,skipping this will not be easy as it will be at the cost of national integrity.Who told the masses that people in politics are corrupt,why you need thousands of corers for general elections every five years.In-action and failure of governance is at the rock bottom and in abscence of effective measures the day is not far off when all will go the dogs,if it already hasn't:a billion mutiny's and a million revolts awaits .Time to get up and start doing what needs to be done.
Is this state of affairs:by delebrate design or is it by default,could it be deceit that deprive country's borders of required number of security personnel,leave of parliament unsecured,helpless aged,uncertain youth,astray childhood and vulnerable women-Will empowered lot do some brooding on this pathetic situation or continue to indulge in same old euphoria of high growth of our economy.Are you hearing,will you act now,KNELL IS CLOSE BY -COULD IT BE FOR YOU OR MAY BE YOUR TURN IS NEXT.

Saturday, February 20, 2010

Man in wilderness

When GODS failed to create a perfect being, How could Jesus, Mohammad, Budha, Mahavira. Ram or Zoroaster have succeeded. Gandhi, Marx and Martin Luther King had no chance what-so-ever in this grand make over of the faulty creature on this planet, earth. Surprisingly in this mad mad world no dog eats another dog yet man is swallowing down the entire humanity without any satiety. The greed is on and the need has no means. To top it all, it is said to be the most advanced and highly evolved. To him / her all modern marvels are attributed. Be they skyscrapers, Vast Dams, supersonic modes for travel to unknown worlds or timeless communication devices. yes, he/she has done most doables, but will it ever be able to improve upon his ownself and is willing to take up the job of doing the utmost, one that will, at its own, take care of the rest; a weapon of mass destruction of greed – the human greed, the cause of all ills and evils. Talks of religiousity, spirituality and austerity are mere talks and talk is what ? What to talk : Nuclear free world, Environmental protection, hunger, unemployment, safe drinking water, Health issues, National and Racial chauvanism – innumerable subjects, eminent people engaged in endless rounds. Results ? Cipher. No wonder homo sapiens have reduced themselves to a peck of ever salivating wolves. It is perfectly O.K. to save for the rainy day but how, which is a scientific question, can it be called sensible, rational and logical if all are running out of breath for more and more. Thinkers have proclaimed life, to be a bubble not an empty dream, which gives no time to stand and stare the glories of nature in many facets day in and day out. Then why, which is a philosophical question, go for accumulations. And see where we stand as on date. The entire life of man has been bottled, earlier – in several stories Ginnie resided in a lamp or a bottle; once out of it , it was capable of doing all impossible things. The Ginnie is out and all things thought to be impossible are no more so and we find miracle like inventions and innovation around us. The irony is that man is entrapped in the bottle, in childhood it is the milk bottle, you grow up and in adolescence this turns into sweetened coloured liquid bottle, as soon as one starts earning he graduates to a bottle of whisky and in old age the man is solely dependent on Glucose bottle. The development reminds of a short story, perhaps a Russian, one, where an announcement is made : The area covered from sunrise to sunset will be given away as a prize to the one doing so. Huffing and puffing a man, out of his greed, ran nonstop and encompassed an area of several kilometers only to fall dead. He was later burried in a piece of land measuring barely thirty square feet. Visualize the sequence of things that will come in-to play supposing : every person become Gates, Tata or Ambani, all hell will break out. How will assorted, diverse and miscellaneous works in the society will be done, particularly menial sundry job which are all equally important. Precisely scavenging is as important as going to the moon. A peon is as much a must as an officer, or a Head of the country is only as much needed as a sepoy posted under unhabitable and hostile conditions away from his near and dear ones. Contemplate this from another angle so as to have a better and a clearer picture : Are physical, economical, social or cultural requirements of one can be far different from that of another, certainly basic requisites of every man are same. Now look for the answer to question earlier raised, why this greed ? Inspite of all sort of revolutions – industrial, social, technological and communication, man has always been incontinent with regard to his greed and enslaved the fellow-beings, the desire to rule over others and exploit could be traced to ages. No matter how much ignoble it might be. Slavery though has been banned under most constitutions, still it does exist in varring forms and call this neo-slavery if you wish – a modern day curse, a bane of modern day society. Are we ready ? To do away with this criminal instinct, you need to have a plan and consequently an Agenda of action. Here, will is of greatest import – without it the picture will continue to remain grim. Impromtu you can’t achieve any positive results, so all good thinking and concerning people must come together to make the cause not a issue but a movement, a mass movement, cutting across National boundaries and racial prejudices. It is even more important looking to the fact that money can get you a plush apartment in a posh locality but not the pleasure filled life; it can buy best of diamond jewellery but not bestow beauty, it may ensure books on various subjects but not the knowledge; of course, it certainly will buy delicious foods but not the hunger. The much sought riches can neither get a good health not a peaceful sleep. Then, what should be the approach to restore life, way strayed ? One , universal Recognition and acceptance of basic human needs. Two government should make social security mandatory, last but not the least to draw a line which puts upper ceiling on accumulation of money - thereby, bringing an effective check on the greed of man. This way will not only give impetus to the human growth in all spheres, but also at a rate which will be uprecedented in the entire evolutionary history of man kind on this earth. An accommodating, satisfying and an enjoyable life full of quality time for work and play. Accomplish this and man will be God in his own self. The true one.

AGAINST CLIMATE CHANGE MEET !

World leaders are meeting at Paris to discuss and debate a non-issue or rather a created one - of climate change and look for unworkable solutions. It has happened earlier, no valid reason why it once again will not be an another fiasco. In any case what is the problem ? Enigma is, our species is too intelligent to live without one or the another and the interesting thing is that we never care for the things staring in our faces. Take for one, Hunger. Are we concerned more than lip service – the same lip job initiated at Denmark, Kyoto will now conclude at Paris or perhaps get our jaws locked in some other world city with more Din in media and more an more money will be pumped into N.G.O’s for still hard breast beating. Of course, this exercise will not go totally in vain, it definitely will help divert attention from more pertinent stakes of mankind, like sitting on the mouth of atomic volcano and not ready to recede. Yet, talking of saving the planet from climatic catastrophe. So, the planet is warming; lot of carbon dioxide, nitrous-oxide and methane the so called green house gases emission is increasing – the ozone layer is depleting and causing climate change. But, change is the law of nature – why not just accept it, as it is. The conspiracy lies elsewhere, with industrial revolution begins the story of energy quest and this energy requirement has kept on increasing to keep enhancing production for growth for living an affluent life to which the developed Wild-West is so accustomed that it has become non viable or unimaginable to do away with it. Chronicle the annals of development : Cold, very cold planet starts cooling – earth becomes hospitable for life, habitable for man. This man on getting hold of energy move out to conquer country after country with the sole idea of getting cheap labour, practically free of cost, looting the natural resources of these enslaved countries for centuries. The so plunged wealth created much more industries back home. Buildings, Roads, Bridges, factories, hospitals, institutions of learning, and a wall street to crumble at their wishes. But, then it also created a demon – the lethargic man, the man of honour and prestige – who belittled every other fellow being. It hurt the pride of this man to live along side of others, it hurt his pride to sit and travel together with other man. Here is the catch, as said Americans have a life style such that if every inhabitant is to live a similar way – we will need three earth like planets to meet the greed. And be for sure after some more years four, five or even six earth like planets won’t be able to cope with this ugly demand of living an awfully filthy rich life style. So be sensible – West willing and live happily hereafter. Thus to restrict the poor or developing countries – their citizenry a dignified life, where they could have safe drinking water, sufficient nutritious food, a roof over their head and finally aspire for life at par with their Western counterparts. Just stop buying this silly propagandist story of climate change which will some day engulf everything !!!!!!!

PRIVITIZATION BY ANY OTHER NAME REMAINS A PRIVITIZATION

Congress started a disinvestment of public sector enterprises in 1991.Later,BJP led NDA government created disinvestment ministry.During 2004 to 2009 ,Congress could’t carry out this process further and had to put aside privatization of national assets due to its dependence on left parties who tooth and nail opposed neo-liberal regime introduced by Dr.Manmohan Singh as finance minister. Now,after being back to power at the center UPA 2 ,having received huge monetary help from private co-operative sector during last general elections ,is initiating disinvestment of PSU’s with a new tag ,’people’s ownership’.Another fanciful term is ,’Participative Development’. PSU’s ownership is with the government ;present government has never acquired this.People’s ownership of these public sector enterprises has been entrusted to parliament through the elected representatives of people of India .’People’s ownership’ is a newly coined blatant lie ,an it is in fact a disguised privatization in a gradual manner .The following table will give a better picture . Share holding of BHEL : Govt. of India - 67.72% Foreign institutional investors-17.03% Mutual funds-5.14% Insurance companies -3.83 % Corporate enterprises- 3.86% Small and retail investors-1.92% Almost similar is the status in NTPC and other blue chip PSU’s. Now the government is making 120 crore people backed Indian parliament subservient to share market so as to sell off national assets to chosen few.What say ?

Friday, February 19, 2010

PRIORTISING INVESTMENT

ANYTHING WHICH DOESN'T GROW ,IS NOT ONLY BOUND TO STAGNATE BUT IS DESTINED TO DECAY AND DIE .THUS IT IS IMPERATIVE TO GIVE OUR ECONOMY THE MUCH NEEDED BOOST TO TAKE IT INTO A TRAJECTORY WHERE DOUBLE DIGIT GROWTH COULD BE ENSURED .FOR PARKING OUR ECONOMIC VEHICLE IN A SAFE GEO -POLITICAL ORBIT IT BECOMES PERTINENT FOR THE FINANCE MINISTER TO SET OUR GOALS IN ACCORDANCE TO THE NATIONAL OBJECTIVE OF PULLING MILLIONS OUT OF POVERTY AND RESTORING HUMAN DIGNITY ,DEVOID OF WHICH MAN IS REDUCED TO AN ANIMAL BEING .
BILLIONS HAVE BEEN PUMPED INTO RESTORATION OF FINANCIAL INSTITUTIONS IN THE DEVELOPED COUNTRIES AND THE PROCESS OF RECOVERY FROM THE GREAT MELT DOWN IS ON WAY .NOW IS THE TIME FOR THIS MONEY TO BE GIVEN A DIRECTION -WHERE IT FEELS SAFE AND SURE OF RETURNS .IT IS A RARE HISTORIC MOMENT FOR US ,WHERE UN -CERTAINTY RIDE HIGH .SHOW FII'S THE TREMENDOUS UNTAPPED POTENTIAL IN OUR INFRA STRUCTURE SECTOR .OF COURSE PITCHING FOR THIS FIELD WILL ALSO GIVE THE MUCH REQUIRED ENHANCEMENT TO OUR CORE SECTOR INDUSTRIES ,WHICH AS A CONSEQUENCE OUGHT TO ESTABLISH JOBMORE GROWTH FOR LONG LONG TIME.

Thursday, February 11, 2010

THE CONSTITUTIONAL BETRAYAL

THE Govts. are bound by the constitution of India in our country and the ministers take oath at the time of induction into the cabinet ,still they are together in a collectively way making the sanctimonious governing bible -THE CONSTITUTION OF INDIA bite the dust by failing to uphold the rule of law in matters of workers and employees .Can the PRIME -MINISTER CITE EVEN ONE LABOUR LAW WHICH IS BEING IMPLEMENTED THROUGHOUT THE COUNTRY ,IN EVERY STATE ,DISTRICT TEHSIL OR VILLAGE .NO HE CANNOT .CAN THE PRESIDENT OF THE LARGEST CONSTITUENT OF THE RULING COALITION GOVT AT THE CENRE QUOTE/NAME ANY ONE DISTRICT WHERE ALL LABOUR LAWS ARE BEING IMPLEMENTED NO SHE TOO CANN,T. A MATTER OF SHAME AND DISGUST OR PITIABLE PRIDE .