Mr.Narendra Modi’s Achievement in Last Two Months – Why We Insist Again and Again To Invest Now?
August
5, 2014
Mr.Narendra
Modi’s Achievement in Last Two Months – Why We Insist Again and Again To Invest Now?
Greetings from Hitesh! Today I am taking a back seat
and I am just sharing an article by reputed and respected consultant Mr.Gurucharan
Das to take the front seat.
I am just sharing his article
– I suggest you must read.
Gurcharan
Das
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Posted:
04 Aug 2014 03:05 AM PDT
It’s been a little over two months since the Modi sarkar came to
power. Too soon, perhaps, for a definitive assessment, but there are signs of
change; patterns are emerging; and even hints of a larger picture. Where we
had expected discontinuity there is surprising continuity. This may say
something about the evolution of authority, a maturing of the Indian state.
Those who expected big bang reforms are disappointed and those who feared an
intolerant autocracy are reassured. Modi himself has been remarkably silent.
He has been busy getting things done — those who act often say little. Here
is a brief inventory with positive and negative examples.
The most palpable change is an upbeat mood in the central
bureaucracy. No straggling in at 11 am. There are reports of quick
appointments to the public; the same arrogant officer comes on the phone
line, and is more helpful; meetings begin on time, some as early as 9 am. The
manner in which nurses from Kerala were brought home from Iraq’s war zone in
48 hours showed a new professionalism. Another change is the quiet way that
infrastructure projects have got going and begun to create jobs. There is a
sense of purpose and vigour in repairing relations with our neighbours that
could transform our security.
The noiseless shift to self-attestation is a major
administrative reform. Documents — such as birth certificates, mark sheets
etc — no longer require to be attested by gazetted officers or affidavits by
notaries. Imagine the benefit to a poor village widow who travelled a whole
day to find an officer and finally ended up paying a tout or a notary.
Original papers are still needed but miles of red tape have been cut, and a
150-year-old process decolonized.
Three archaic labour laws are about to be scrapped, enhancing
employee benefits and making it easier to do business. New rules on
inspections have also struck a quiet blow against the dreaded inspector raj.
Merely the announcement that five to ten million tons of grain from the FCI
stockpile will be sold has reduced grain prices. Tactically importing a few
planeloads of vegetables will underline the resolve to fight food inflation
through augmenting supply. The announcement to break the monopoly of the
feared Agricultural Produce Marketing Committees (APMCs) through private
mandis is also antiinflationary and has instilled fear among wholesale
warlords. So is the courageous cap on farmer support prices that has offended
both BJP-ruled MP and Chhattisgarh.
The pragmatic restoration of Aadhar, despite the BJP’s and the
bureaucracy’s hostility, is an example of continuity. This biometric
technology linked to payments through mobile phones will save thousands of
crores and lead to clean, accountable governance while easing the aam aadmi’s
life. With its focus on implementation, this government will fix its minor
glitches and cover the whole country in two years. Now to a few negatives.
India should not have played ‘spoiler’ in the recent WTO talks. India is a
major agriculture exporter and it is in our interest to cut red tape and
harmonize customs formalities. By insisting on linking trade facilitation to
food security issues, India has undermined the fragile multilateral system
that benefits India the most. By not applying its mind, the Modi government
became a victim of bureaucratic capture.
While it is virtuous to act rather than speak, Modi should have
spoken boldly in the recent spate of Hindutva incidents. He should have
countered the Goa minister’s claim — India is not a Hindu rashtra, which is
why it is different from Pakistan; condemned the Shiv Sena goons for
force-feeding a Muslim during Ramzan; and publicly distanced himself from the
vision of ‘akhand Bharat’ in Batra’s textbooks that risk undoing his
government’s fine work in building trust with our neighbours.
This is not an exhaustive list but it points to a mantra of quiet
execution, which matters in a country with too much talk and too little
action. Those expecting visionary statements should wait for August 15.
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My Personal Call:-
Do not get carried
away by Media and its analysis. Use commonsense and invest in Indian Equities.
You will bless me for life.
Follow me on Twitter @hiteshmparikh Or
on Whatsapp - +91-9869425399.
Live With Passion…Invest With Passion.
Hitesh
Parikh.
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