Your Role in Improving Economy in India

Have you ever felt that when your car is clean from outside and inside and is also polished, it runs smoother? Though there is no connection between smooth car ride and a polished car, the fact cannot be denied that a car feels better when clean and neat.
You can improve the economy in India by making your home and neighbourhood neat. You must also spend one hour every week to see your finance related papers. You must also file all the papers neatly and clearly. It will not be a bad idea if you calculate your worth. Also use extrapolation of data to determine the worth on a future date. Say, when your son passes 12th class.
Consumption is also a good way to boost economy. If all of us consume Potato Chips more then a factory for Chips will be made which will give employment. Also potato crops will grow. And oilseeds crops.  But care must be taken to see that right products are consumed more. Eating too much of salted almonds by everyone cannot be termed feasible. The mantra I suggest is consume more of those products which are socialistic. Steel products, clay toys, garden fertilizers etc. are good examples of socialistic products.
Ethics are a personal thing. For someone buying a product below MRP is acceptable. Some people feel that if he milks Rs.100 from a person, it is as good as earning a lakh. Yet for some not returning loan is acceptable. I rate not returning a loan as ethical and acceptable. I feel it is the job of the bank to get back loans. Why should a borrower worry about returning? Anyway unethical finances are a pain and we must learn to live with it or get over it.
Of course, the most important in improving economy is the old adage "Small drops make an ocean". So start right now in a small quantum and help our country to progress.

Amir Aadmi, Garib Aadmi

There was a movie by the above name. It had Amjad Khan in it.
Right from childhood, I always thought Amir Aadmi should not become Garib, while Garib Aadmi can become Amir. This was a philosophy I liked and it stays close to my heart.
But from my observations most of the people have old financial systems in mind. Most have a savings bank mentality and think that 4% savings bank interest amount is obtained from agriculture improvement. But the point is most only deposit money and this money occupies costly space in cities. The rent of this space will negate agriculture improvement. So, 4% interest is due to other banking profit making schemes.
Another view is Amir should earn more and give to Garib. But here, Garib needs to go to Amir for that. Amir may not want to spend energy travelling to Garib and give money.
Yet another view is make the hands of Garib strong. The Garib should come up, become entrepreneur and earn riches, enabled by the grace of Amir. Even here Amir may not grace this step. Why should they? Are they paid for this? I am in synchronous with this thought of Amir.
How do you think poverty removal be given a fillip in India? Any suggestions.

Raghuram Rajan - New RBI (Responsibility Backed by Intelligence) Governor

Raghuram Rajan is good. Very good. Commoners like me felt that he will be swayed by Sensex and will be guided by market demand. But no. He kept his foot on the ground and is promising the nation a fight for a cause which is important.
The poor. Inflationary pressures. We have a RBI governor who is a gold medallist from IIT and has more degrees than the number of words in his name, who is interested to fight for a cause.
The most important outcome of his appointment and his work thereafter is the confidence he is able to gain from the brokers and stock market. The sensex is stable above 20,000. The Nifty too is above 6000 mark. The rupee dollar equation is 61.50 to 1 dollar. It is a big applause from the merchants at Dalal Street for his courage and determined efforts.
The lessons we can learn from his current innings is that determination is important when it comes to economic affairs. We cannot think loose and expect miracles. Miracles happen when there is a purposeful determined effort from all of us. One needs to be surefooted and confident in approach. One should not think about hurting a father's feeling but should like oneself because one is leading his life.
When applied to one's life it could mean an ebook instead of a hardbound book. A cellphone with lesser features than buying a latest one. It may mean lesser dinner at restaurants outside or lesser trips on holidays.
But do not despair. Look at the positive side. Look at the chance to explore your own locality. The chance to become a good cook. The chance to increase knowledge with what we have at our disposal. This is what Raghuraman Rajan seems to be saying by his actions.

More Powers to SEBI Planned

Parliament is planning to pass a proposal to give more powers to SEBI. The main aim I guess here is to scrutinise, restrict and disallow certain Foreign Direct Investment.
This step is an exact opposite of stock market functioning. Can the government prevent a thief from buying a share? If it cannot then it cannot also ask thief not to put money in bulk.
When I have a mango to sell, I am interested in two things. First of all I should get a good price. Second is I cannot wait long otherwise the mango will rot. Shares work on such principles. There is a desire to get good price. And there is a force which is against it.
A healthy share system is not governed by laws. It is governed by market forces.
Remember, the old Murphy's law. A thing which can go wrong will go wrong eventually. But by putting a wrong law we cannot have a right system. Unfortunately this is how our system works. It is time to change this. Time to change for the better. Time for BJP.
 

Uncertain Times

The economic scene today seems uncertain. It is mainly due to the crisis in political circles. I shall make you see this in this write-up.
Situation now is,

1. Inflation is easing

• Probably, better transport co-ordination.(Good functioning by transporters)
• Probably, more production. (Kudos farmers)
• Probably, redundancy of middlemen and illegal storage handling. (Fear of police danda)

(People are so fed up of politicians, that the efficiency of transporters, farmers, police have improved).

    2. Gold Import rising

• Probably, businessmen/importers filling demand of public (They are right here)
• Probably, ineffective import duty (Fear of losing votes by politicians)

    3. Petroleum Products

• Factually, rising fuel prices (Incompetent handling of refinery businessmen by politicians)
• The news is, gas for thermal power plants better and improving (rabble rousing politicians(coal scam))

    4. Banking

• We read that, bad loans are there (corrupt politicians inspire people to not return loans by not resigning themselves on money corruption)

   5. Falling rupee

• Image of government is corroding in US. And Narendra Modi (supported by NRIs) has been snubbed by JD(U), though it is none of JD(U)'s business. These two have been perceived bad by Indians, themselves. Then why should NRI care. And the dollar-rupee rates are before you.

It is clear from above that politicians are responsible for economic damage. Yes, it is true. Economy as of today is also an image. Politicians also creating image. Somehow these two are colliding and the economy is suffering.
Solution? Simple. Guidance. Or responsibility. Clearly it is not a one man job. It is a collective responsibility. And who has to lead for collectiveness? Politicians.

Mobile Economy

I have Nokia 510 with Windows 7.8 operating system. I have one SIM card. I neither have two devices or two SIM cards. I had mobiles purchased earlier, but these I have successfully managed to give to my family members. Resources should not be wasted. They should be used wisely.
Each of the mobile / software combination has its own advantages. One cannot have enough of these. If Nokia-Windows promises to give you blur free photographs using advanced hardware and software, Samsung supplies digital pen with some of their devices to develop the artist in you. Then we have Apple with their own high standard audio and video. As a programmer one tends to admire Samsung / Android as these promote free, liberal thinking programmers. Apple and Windows have employees as programmers.
One must realise that we cannot go on manufacturing and allow imports of mobile devices. The government and controlling military is stupid if it thinks that they will satisfy public demands. Instead the government and military command should help the big companies to initiate common hardware and software standard for India. We are a large nation and not scared sheep in lion's garb.
 

Food Security Bill

Economy can be difficult. It is mainly about demand.
In India education and jobs do not require much effort from the politicians. They need not help. The demand from public is so much that education happens. Getting into a job also happens, though may not to the extent of education. These are self driven economies and only opposition we have to these is the dissatisfaction of the people. One may say I did not get right education. Or I did not get right job. These grudges will get a patient hearing only when you are a vote bank. The caste factor. Upper caste people normally are pushed behind by this demand of the public. The merit system may not work.
What about food? One cannot run in an empty stomach and find food. There has to be food security. Amartya Sen, Nobel prize economist quite rightly has advocated for food security bill. He said in one interview that we have enough gold in our country and food security bill should be passed.
Another brilliant thing is the view of the communists. If people in high places are unable to bear grudges against each other then they have to get rid of this grudges first. This would mean that no difference in people are there in economic terms. Every people has similar demand and have equal opportunity to fulfil this demand.
Let us hope that better sense prevails and politicians join hands together and bring into reality Smt. Sonia Gandhi's dream of Food Security Bill.