Better Late than Never
Congrats to Manmohan Singh for showing his leadership skills at least at the fag end of his prime ministership. For almost four and a half years he has been accused of being a spineless leader who enjoyed little authority.
In the past four years of the UPA rule the Left continued to bully the government and stalled all reform measures. Further the administration was paralysed by the antics of various extra constitutional authorities who wielded power. For instance the septuagenarian HRD Minister, who is supposed to represent the youth which form half of India’s population, spoiled all efforts to reform the outdated education system. If Sam Pitroda had the authority he and his Knowledge Commission could have changed the education sector, the same way as he ushered in a Telecom Revolution in the country through STD Booths.
The greatest challenge before the government is tackling inflation. We cannot blame the soaring prices of all goods on international oil and commodities prices or on global warming (One bureaucrat in Mumbai had the courage to justify the inefficiency of the BMC by blaming global warming :O). Many countries could battle inflation by making the supply system more efficient. Four years have been wasted dancing to whims and tunes of the Left and other coalition partners of the government. Many vital infrastructural projects including the National Highway Project are progressing at snail pace. Perhaps the only exception may be the good efforts put in by the government in the air travel sector.
The nation is craving for reforms and wishes to see the reformer in Manmohan Singh back in full action. Remember we have almost missed the bus… and unless we catch up, we may never get a second chance.
My Blog List
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When We Cease to Understand the World
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“When We Cease to Understand the World” is a historical fiction work by
Chilean author Benjamín Labatut. It explores the human drive to comprehend
the univ...
2 days ago
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How to Believe in Free Speech
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(June 12, 2018 02:56 PM, by Bryan Caplan) Almost all libertarians earnestly
say, "I believe in free speech." Normally, though, this goes way beyond
the ri...
7 years ago
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To the Streets: Occupy Wall Street moves to Main Streets
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The "Occupy Wall Street" movement is moving to Main Streets across the
globe. It's about time. But I fear that the movement will be captured by
the far lef...
14 years ago
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Thank you, AEA
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I am deeply honored to be named a Distinguished Fellow by the American
Economic Association--especially at the same time that my wonderful
colleague Ludw...
4 days ago
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गरीबी हटाओ की नहीं, अमीरी लाओ की जरूरत
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दैनिक भास्कर | 25 जुलाई 2019
कुछ दिनों पहले रविवार की रात एक टीवी शो
में एंकर ने प्रधानमंत्री नरेन्द्र मोदी के 5
लाख करोड़ डॉलर के जीडीपी के लक्ष्य का तिरस्...
6 years ago
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The Innovation Economy T-Shirt
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If you're reading this, you are likely a member of the Innovation Economy
here in New England: someone who *makes things happen.*
So this t-shirt is for y...
16 years ago
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Oil, War and the Global Economy: The Market's Narrative in March 2026
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Markets play an expectations game, and in March 2026, we saw the
process play out, with all of its upsides and downsides. The month started
with a war ...
1 week ago
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ca va?
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Many years ago before the World War II, a blitzkrieg of German soldiers
would come right up to the border in their Panzer tanks and turn their guns
at a po...
14 years ago
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China Skepticism
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(I wrote this after my visit to Shanghai and Beijing in May ’10, as part of
my MBA program at Duke. I originally circulated it around with friends and
othe...
14 years ago
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New Site @ www.tvhe.co.nz
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Dear avid TVHE readers, We’ve finally set up our own hosting and have a new
site at www.tvhe.co.nz, if you could be so kind as to set your
links/bookmarks...
17 years ago
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Running a marathon for Winnie
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On 26 April, I plan to be on the start line of the London Marathon. I’m in
my fifties, I’ve only been running for a few years, and this will be my
first ma...
17 hours ago
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Inside Money In SERE
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Like I wrote in the last post, I don't normally post on this blog at all.
But I have a story from the spouse of an undergraduate student that I'd
like to b...
9 years ago
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My Fav books
- The world is Flat by Thomas Friedman
- Principles of Economics by Ben Bernanke
- Micro Economics by Michael Parkin
- Principles of Economics by Mankiw
- Arthur Hailey-Money Changers, Hotel, Wheels, Final Diagnosis
- Barack Obama , The New face of American Politics
- Undercover Economist - Tim Harford
- Freakonomics
2 comments:
yes, i completely agree with the author. we, at this point of time, neeed a dynamic change in our internatinal policy.(that is possible with a dynamic leader only....) enough with goodie-goodie comments... we need to be firm and accept our true status in the world economy today.. we are just a sleeping tiger. and in my opinion, confident rabbit is better than sleeping jiant...
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