manmhan singh is a revolutionary economist....alongwith p chidambaram is a great combo..but there boss hasnt led them to open their wings which has led to overall setback for decision making in reforms
May be the government has thought that encash as much as possible before hanging on the boots. Because various FDI decisions which have come in a hurry shows up the lobbying politics. Which include firms like IPCA , Bekhisher Hathway etc.
with mamtha banergi and without mamta banerji one can see the congress alone could do manage the country and share markets well that is the inference after seeing that congress still rules india even after leftist parties pulled out and got lost.the govt appeared to have been paralysed but in fact it was not the government but the people at large including leftists and mamthaji who made a govt stand still and vanished luckily.
Intresting, isn`t it? You do not do anything for 36 months and suddenly announce a lot of measures as if Kumbkaran has woken up. But FM also knows how far he can go in parliament. So, its OK to earn kudos for announcement since for some of the measures even there is no consensus in Congress party itself.
I have firm belief that govt is earning huge profit on LPG cylinder if it is going to sell at 921/- for 14.5 kg cylinder. If diesel is costing about 28 rupee a litre, petrol at 34 rupee a litre, then LPG might be in the range of 30 /- per kg. add 5 rupee as frieght, 5 rupee overheads like dealer commision, even then it should be available at 560/- why govt is going to charge 921/- . as LPG is an essential item even by govt own defination and circulars, no tax be charged on LPG. and govt should sell it at the maximum 575/-
Result is yet to be seen and how Parliament will pass or reject the insurance and pension bill is yet to be seen. and FDI in retail will not going to change the ground realty of CAD. On one hand govt raised diesel prices, on the other hand DA of 80 lacs people (employees and pensioners) is increased by 6% making outging of about 12000 crore rupees.
To some extent,however decision are more theoretical in nature.Actual issues which may impact real economy is missing.Mining,infrastructure,power,inflation need to be addressed quickly otherwise we would be in far more worse condition after couple of months.Govt action might have prevented short term currency correction but euphoria could prove be well shortlived.
GOVT. MUST BRING MORE REALISTIC REFORMS WHICH CAN REDUCE HIGHER TAXES / DUTIES IN EACH AND EVERY SECTOR, & MOST IMPORTANT CONCREAT ACTIONS AGAINST BLACK MONEY ACCOUNT IN SWISS BANKS FOR THE LAST 10 YEARS / CURROPTION IN GOVT MACHINERY / MINISTERS, INSTEAD OF REFORMS IN RETAIL / AVAITION / INSURANCE / PENSION FOR IMPROVING OUR ECONOMY.
JUST CHAAR DIN KI CHANDNI AUR FIR ANDHERI RAAT. GOVT JUST FOOLING AND LOOTING COMMANMAN. JUST WAIT AND WATCH AS NO CONTROL ON INFLATION NOTHING GOING TO BE FINE IN FUTURE THIS GOVT JUST TRYING TO FOOL PEOPLE.
Sure. Even though late it is really good one. Moreover now the govt. decided to live with it, or die in the next election. If we/you a good citizen and wants to help the nation in all matters you have to accept the reforms. We are already too late but not too late to rectify our mistakes May god help us all