New definition of REFORMATION as advocated and propagated by learned Prime Minister Mr. Manmohan Singh, learned Finance Minister Mr. Chidambram and their followers in RBI and in government is nothing but inviting foreigners to save Indian economy. Since 1991 learned economists of this country like Manmohan Singh could not solve the issue of financial crisis said to be created by Pre-1990 governments are now depending on foreigners to solve the same financial crisis aggravated by so called reformists during last two decades.
It is ironical that responsibility of treatment and rejuvenation of Indian sick economy has been given to those foreigners who have completely damaged the economic health of their own countries. Foreign destructors have become protectors of Indian economy in the eyes of Indian reformists. USA and European countries are themselves in acute financial crisis but they are good in the eyes of Indian politicians. Reformation in its new Awtar is nothing but foreign investment in India and giving all freedom to corporate houses and imposing all restrictions on Indian common men.Now India has to accept FDI oriented Indian economy as desired by Manmohan singh led UPA government.
Students who have chosen the Economic, political science, human science or social welfare or public administration or financial management as prime subject, they should know the new meaning of reformation propagated by Manmohan Singh led UPA government. Students should take class from Manmohan Singh to learn more about reformation and understand the greater dimension of reformation as defined by economist Manmohan Singh. Students should read the newspaper ‘Economic Times’ daily to read their definition of Reformation. Reformation means growth of capitalism and giving keys of all treasuries to corporate houses and foreigners.
- Reformation means allowing foreign direct investment in all sectors such multi brand retail, insurance, bank, aviation , railways, defense and all such sectors where ministers and officials have finished their loot and completely damaged the system .
- Reformation means curtailment in subsidy on fuel and fertilizers and increase prices of petrol, diesel and domestic gas as much as possible.
- Reformation means maximum pouring of money in stock market from Foreign Investment Institutes (F I I).
- Reformation means no control on price rise of essential commodities and permitting unbridled rise in stock value of all companies and all commodities.
- Reformation means NIFTY and SENSEX should grow by 50 percent every year and FII flow to India should be maximum so that politicians and political parties accumulate as much wealth as possible.
- Reformation means making all existing public sector banks so much sick that they cannot survive and on the contrary give full freedom to private banks and allow corrupt corporate to start new banks and exploit common men as much as possible.
- Reformation means no interest on savings made by common men in banks but give maximum interest on bulk deposit made by corporate houses in banks.
- Reformation means realization of maximum income tax from middle class families and no tax recovery from big corporate like Reliance, Tata, Infosys, Wipro etc who are earning billions of rupees every month.
- Reformation does not mean change in attitude of officers and ministers.
- It does not mean reforming education system to improve quality of teaching and making it affordable for common men.
- Reformation does not mean improving health care system so that common men can expect medical treatment at affordable cost and with improved quality.
- Reformation does not mean judicial reform to speed up delivery of justice to common men and ensure punishment to corrupt politicians and corrupt officials.
- Reformation does not mean stopping corruption.
- Reformation does not mean giving power to common men.reformation does not mean labour reform and stop exploitation of labour in the hands of privater companies like Maruti or kingfisher or ICICI .
- Reformation means employees have to work late night and holidays so that per employee of banks, insurance companies and public sector undertaking increases.
- Reformation does not mean creating employment opportunity by boosting up manufacturing sector and farm sector.
- Reformation does not mean improving the quality of security system by improving the quality and by changing the attitude of police officials who are more or less pro-rich and anti poor.
- Reformation does not mean improving the quality of service and level of performance of government officials and that of politicians.
- Reformation does not mean end of flattery and bribery rampant in the corridors of politics and in offices related to administration.
- Reformation does not mean electoral reform to stop criminals getting entry into Parliament.
- Reformation means torturing persons like Arvind Kejriwal, Kiren Bedi , Bal Krishna by using CBI, ED, IT and all officials so that they stop their movement against corrupt politicians .
- Reformation means using all government Agencies to teach a lesson to Saint and Yoga Guru Ramdeo .
- Reformation means not to allow law enforcing agencies to punish scam masters like Kalamadi, and A Raja.
- Reformation means all politicians are honest and saint but all those who raise voice against corrupt system are communal, anti-social and anti-national.
- Reformation means killing small traders and giving entire space to Foreign giants like Walmart and Tresco .
- As per advocates of reformation ruling this country under the leadership of doctor Manmohan Singh, reformation means foreigners should bring their entire money to India to save the Indians from probable fiscal crisis created by corrupt politicians.
- Reformations mean to divert the mind of common men from various scams and scandals of dirty ministers of UPA .
- Reformation means to increase price of all commodities as much as possible so that common men cannot survive and rich people can earn maximum profit.
- Reformation means to give interest concessions to corporate, subsidy to exporters and importers , reformation means to tax concessions to real estate builders, home loan takers , car loan takers , wine dealers, and to all those who create black money and give handsome donation to politicians ,ministers and political parties.
- Reformation means no loan to farmers by bankers but by Micro Finance Institute at double the rate banks lends to exporters, real estate builders and coal miners.
- Reformation means recovery of all taxes from poor and middle class people and all concessions to rich class.
- Reformation means giving all mines and natural resources at negligible cost to kith and kin of politicians.
Last but not the least, for political parties who are supporting UPA government either from outside or from inside, reformation means not to allow BJP to come to power in the name of secularism. These parties are ready to sacrifice the nation interest and may allow the nation to go into the hands of foreign forces or terrorists but they can never allow the power to go in the hands of BJP or NDA.
For poor and downtrodden Indian mass, reformation means hassle free opening of NO-Frill accounts in banks. Ninety persons of Indian population do not have money to save in banks, but they will have to open a no-frill account in a bank. These poor Indians have nothing to lose, but they will have to insure them in the hands of foreign dominated insurance companies. These poor men do not have money to invest, but they will have to contribute in pension fund organized by foreigners.
Billions of rupees are spent on rejuvenation of banks, in extending red carpet welcome to VIPS , ministers, CEOs and great politicians , in providing security to politicians and government officials but unfortunately the government does not have enough fund to arrange for ensuring proper infrastructure, adequate and affordable quality education proper medical care, proper sanitary arrangement, proper cleaning of roads and offices, proper supply of pure drinking water and electric power to common men etc.
This is great India. Freedom fighters had a dream of making India self reliant and making India stronger so that people of India get real freedom of slavery from British rulers. They never imagined that leaders of India will give back all economic powers to foreigners after six decades of their rule.
T N Ninan: PM as politician-
Business Standard 04.01.2014
The prime minister said nothing new during Friday's press conference, except the obvious (that he was not looking for a third term); he also made some deliberately aggressive remarks about Narendra Modi. However, there was a flaw as well as a curious inconsistency in the logic that he adopted. When asked about the scams that took place on his watch, he offered the argument that both the spectrum and coal mine scandals belonged to the first government of the United Progressive Alliance (UPA); the people had voted after that, and rewarded the UPA with a fresh mandate. But Manmohan Singh failed to apply the same logic to Narendra Modi. In asserting that someone who had presided over the massacre of innocents could not or should not be prime minister, he seemed to forget that Mr Modi had thrice won the mandate of the people of Gujarat after that pogrom. Indeed, Mr Modi did better than the Congress by winning thumping majorities. If sins of commission and omission were washed away by such electoral mandates, then surely the washing had been done by Gujarat's voters far more than the national electorate had done for the UPA.
That brings up the flaw in the prime minister's logic, in confusing between political realities, judicial verdicts and fact-finding reports. If judicial verdicts could get overturned by an election, India's constitutional scheme would fall apart. Since that is not the case, the prime minister remains answerable for what happened in both the spectrum scam and the coal mine scandal. He is perfectly free to mount a defence on facts and logic - and he has done so more than once, and did so again during his press conference. But in maintaining that what he wanted to be done in both instances did not eventually get done, he is scoring an own goal, and re-fuelling the charge that he has been a weak prime minister. Dr Singh also forgets that the relevant reports of the Comptroller and Auditor General came after the 2009 elections.
There was a further inconsistency in that he sought to distinguish between the records of UPA-I and UPA-II when it came to scandals, but did not do so when it came to his economic record. If he had chosen to focus only on the second term, he would have had to admit rather more candidly that it has been a period when economic growth has been reduced to the slowest in a decade, inflation has been higher than in any other five-year period since 1991 if not earlier, that India's external account was dangerously in deficit for a while and the country therefore in danger of a rating downgrade, and finally that the fiscal situation is basically not under control. He got around those embarrassing facts by focusing on the decade and not the quinquennium. Further, he mentioned the difficult international environment that had caused the decline in growth and the rise in inflation, but did not mention that it was the international environment that also facilitated the rapid growth of the earlier phase.
A prime minister is entitled to put a gloss on the numbers for his period in office, and to present the record in as positive light as possible. Indeed, no one will deny that the record has many bright patches. But when Dr Singh plays with the period that he wants to review and does not apply the same logic to others that he does to himself, Dr Singh is really telling us that he has learnt to be convenient with the facts, and selective with the logic he applies.
Economist PM seeks refuge in history-financial Express
Prime Minister Manmohan Singh on Friday opted out of a third term in office, projecting Congress vice-president Rahul Gandhi as the ideal candidate for the prime minister’s post, at the same time acknowledging public concern over high-profile corruption cases and the limited success of his government in checking inflation and creating manufacturing jobs.
In what was possibly his last media address before the nation goes to polls in a few months, Singh promised to punish the guilty in the telecom and coal scams. He also hoped to get over the temporary hiccups that had cropped up in India’s “high-priority” relations with the US in the wake of the arrest of an Indian diplomat in New York over alleged visa fraud.
Although he listed out achievements like reducing poverty and raising rural wages, which are now indexed to inflation, his address was also marked by a candid admission of where performance did not measure up to the extent he wanted.
Singh also launched a direct and scathing attack on BJP’s prime ministerial candidate Narendra Modi, saying it would be “disastrous” to have him as the PM, a comment that invited sharp protests from the Opposition party.
“Rahul Gandhi has outstanding credentials to be nominated as the PM candidate. I hope the Congress party will take that decision at the appropriate time,” Singh, 81, said. Rahul will have to lead the party to polls with a credible plan to address economic growth at a decade low and persisting high inflation, fuelled by rising food prices. India’s economy grew at 4.8% in the July-September period, its fourth successive quarter of below-5% expansion. Wholesale price-based inflation stood at 7.52% in November, a 14-month peak.
Singh said the food security law passed by his government will to some extent shield the common man from rising food prices. He attributed the rising cost of living to higher global prices of commodities and a weaker rupee, saying the government had held steady the prices of items sold through the public distribution system since 2003.
Singh took credit for the increase in per capita consumption in both rural and urban areas, but said the Congress party will reflect on the recent assembly poll results and learn appropriate lessons. A lot more needs to be done in terms of reforms, he added. Though the cost of living went up, welfare schemes put more money in the hands of people and incomes for most people rose faster than inflation, he said.
Singh, who considered the 9% economic growth seen during his previous term “as a short acceleration and as exceptional”, was optimistic about the coming months as the global economic cycle was turning for the better. He admitted insufficient infrastructure and bottlenecks in granting timely forest and environment clearances to projects. His government, however, was working hard to correct its performance in generating jobs in the manufacturing sector, which Singh said was not as successful as needed.
“We need a much stronger effort in support of small and medium enterprises which can be a major source of good quality employment,” he said.
Singh said the Congress was “deeply committed” to combating corruption, for which steps were taken including adopting the auction method for allocation of spectrum and coal blocks. “Any wrongdoing will be punished through due process of law,” he said, adding that most corruption charges were related to the previous term of the UPA, after which the coalition came to power again. “We went to the electorate on the basis of our performance. People of India gave us mandate to govern for another five years,” he said, adding that voters paid little heed to the charges raised by the media and the Comptroller and Auditor General. “There were irregularities. But the dimension is overstated by the media and sometimes by the CAG,” Singh said.
India attaches high priority to strengthening relations with the US, a close ally, with which it has a nuclear cooperation deal. Singh wanted to iron out the recent differences over the arrest of India’s deputy consul general Devyani Khobragade in New York. “There have been recently some hiccups but I sincerely believe that these are temporary aberrations and diplomacy should be given a chance to resolve the issues that have arisen,” he said.
Singh’s message to foreign investors was clear. India provides a hospitable environment to foreign direct investment and would continue to do so. “We will continue to improve our practices wherever needed,” he assured.
Also read my blogs written in the past
Doctor Manmohan Says All Is Well, Keep Calm
Opposition parties of India have now to take a call whether they want play their own secular or local or quota politics or they in the interest of the nation are ready to sacrifice their mutual differences and stand united on single platform to pull down the present government for the complete collapse of Indian economy caused by faulty policies and faulty governance of UPA government
My Views submitted long ago reproduced below :
Theory without practice is impotent and practice without theory is blind.
Leaders like Manmohan Singh, Chidambram, Pranab Mukherjee and Montek Singh Ahulwalia may possess a good number of valued degrees in Economic and political science, but they have miserably failed in using economic principles and political ideologies for the betterment of common men and for overall development and equitable growth of the country.
Manmohan Singh may be clean and honest and simple too but he as head of the government has failed to stop corruption of his ministers.
There may be many reputed advocates in the cabinet of Manmohan Singh, but they have completely failed to ensure quick and affordable justice to all.
There may many wise men in the government ruling the country, but they have not performed well to provide affordable education to children of poor and middle class families.
Policies of reformation, privatization, liberalization and globalization adopted by Manmohan Singh led government may have given benefits to a few hundred rich trade houses but failed to protect the interest of common men.
Leaders of ruling UPA led by Congress Party may have experience of four to five decades in ruling the country but they have completely failed to ensure good governance and corruption free departments and failed to mitigate the hardship common men are facing in their day to day life.
GDP growth of India may be comparable with China and may be higher than that of USA, UK, Japan, Germany and many other developed countries. But the government led by Manmohan Singh has completely failed to provide comfortable and respectful living for common men.
Price rise and pain of inflation is beyond control of the government. Manmohan Singh has given conflicting and confusing statement many times during last three four years on the issue of price rise but failed to convince aggrieved common men. Sometime he says that he has got no magic stick which can stop price rise and some other time he says that he says that price rise represents prosperity of Indians.
He says that his government has been taking appropriate steps to contain price rise and have been making one after promises to control price rise, giving one after other dates by which prices of goods will start coming down.RBI has taken a lot of monetary steps, revised interest rate 13 to 14 times and amended policies frequently to control price rise and inflation but failed to achieve the goal.
Government of Manmohan Singh may blame BJP, NDA or other opposition parties for the failure of government , may promise for uncalled for reservation quota for Muslims or Dalits, may waive loans of farmers to the tune of billions of rupees, may torture Team Anna or Ramdeo and their followers but cannot change the perception of common men for long. Anger of common men against anti people attitude of the government is visible to all.
PM admits his govt failed to curb corruption: Arun Jaitley--Times of India 04.01.2014
NEW DELHI: BJP leader Arun Jaitley on Friday said that Prime Minister Manmohan Singh's press conference was a farce.
Except for the announcement of the fact that the PM was ruling himself out for the next term, there was nothing new in Manmohan Singh's interaction with media, Arun Jaitley said.
Arun Jaitley said that Manmohan Singh's government failed to curb corruption, price rise and inflation.
"The unemployment has risen during the UPA rule," Arun Jaitley said.
This is the first time that India's Prime Minister has argued that by winning an election, the charges of corruption are wiped out. This is akin to a criminal justifying his election win, the leader of opposition in the Rajya Sabha said.
"There is no logic in the argument that since I have won an election, I am not a criminal," Arun Jaitley said.
Manmohan Singh has a different yardstick to measure his party's electoral performance of 2009 and 2013, Arun Jaitley added.
Going by the Manmohan Singh's logic, Narendra Modi has won in 2002 and in 2012.
Highlights of Jaitley's press conference:
* PM was bitter towards Narendra Modi, media and the opposition
* History may have two differing views about Narendra Modi, but voters will have only one view about the Manmohan Singh government.
*It was PM's farewell press conference. It was a time for introspection, not for bitterness.
* It it ironic that the PM considers Indo-US nuclear deal as the highest point of his tenure. I think bribery of MPs to during the confidence vote on the nuclear deal was the lowest point of the Manmohan Singh government.
*PM did not express his regret on corruption during the UPA government. In fact, PM used his press conference to rationalise corruption.
* It is not the longevity which decides someone's legacy, but the direction one gives to the country.
*The UPA is losing mainly because of food inflation.
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