Direct Cash Transfer Scheme By The UPA Government

Direct cash transfer against the schemes having subsidized commodities, there is a slight difference in terms of economics but becomes large at its socioeconomic impact. In a scheme where, government is giving subsidy, there is a realization of being helped among the beneficiaries and they took it as their right to be protected and secured. The prize of subsidized commodities are lower than the current market prize and they can purchase it by spending a little amount of money. But in direct cash transfer schemes, beneficiaries are provided with some amount of cash in place of subsidies. Here, a person who is awarded with some amount of cash under the above scheme, may spend it on some other needs instead of those for which he get with that amount of cash from government. A good example is of U.P. Government's "Kanya Vidyadhan Yojna" . Here, U.P. Government gives a good amount of cash to those girls passing senior secondary examination for their further education, but in most of the cases, it has been spent for some other reasons. Moreover,challenges like the existing problems in wage payment, signifying the correct beneficiaries, etc. under the MGNREGA and the suspected ground basic problems in Aadhar cards may prove the biggest hurdle in the UPA Government's dream of being the best helping hands of the poor and needy.

Indian Government is to the people, for the people an by the people

 First of all, it is important to note that Democracy as opposed to autocracy, aristocracy or monarchy means a government by the people. The people irrespective of factors like caste, religion, economic level, etc. are equal in the eyes of law and manage their own affairs themselves. They have inalienable right to rule themselves. The concept of justice, equality, liberty and fraternity are an embodiment of democratic principles in the Preamble of our Constitution. So in India, everything which comes under the government's ambit must have democratic characters in its decision making, policy framing and in every act of governance. Secondly, in India, the democracy is in the wider sense of political, economic and social democracy. The institutions set up under the Constitution shall seek to give effect to democracy in India which is to be sustained by adult suffrage, fundamental rights and independent judiciary. People's participation has been guaranteed by the institution of Panchayati Raj and local self government and the recent trend of decentralisation of power and transparency at all levels of Government. So what we leave on the Government, in a welfare state like India must have social consideration because in our brand of socialism we include both the private participation and public contribution at the same time. Our economic planning also rests upon our own socialism brand. In the very recent case related with the coal blocks allocation, Government of India had filed an affidavit in the Supreme Court saying that our policy decisions had concerned about our democratic and social structure and because the Government works for its own people it could not exclude the will of mass. Allocations of these coal blocks was not for making own profit or not for maintaining huge revenue , it was simply for the welfare of society and that is why the revenue generation was not the first priority while allocating the blocks. The Supreme Court was convinced with this argument and passed a decision in September 2012 stating that biding is not an essential requirement or only option while considering the allocation of natural resources. Moreover different legislations and maximum number of policies formulated by the Government are especially for socially and economically marginalized class. Finally, I have to say that in a democratic Government, social concern is inbuilt, and it can’t be excluded. 

Demons Of Democracy

The current political class is behaving like “Demons of Democracy”, working for their own sake instead of welfare of people, performing their actions without any sense of public responsibility and accountability. By exploiting people and public servants, this political class is continuously creating hurdle in efficient, effective and economic execution of different social schemes and various developmental policies through corruption, capitalism, etc.  In a welfare State like India, which enjoys her democratic character only at political front through Universal Adult Franchise, should further intensified her democratic attribute at social as well as economic front. It can be happened  by a number of small but very efficient legislations within a federal structure like Right to Service which ensures a time bound service delivery mechanism; Right to Hearing concerns about the grievances after a late delivery of public service; Right to Have Occupation strengthens the people to work for country as well as provides them employment; Right to Food concerning the problem of hunger and malnutrition which once time has been said India’s national Shame; Right to Have A Pollution Free Environment; social security rights for women and children; etc. Some of these rights have already been legislated, but the thing is that they have been only legislated. In fact to change the current picture of creeping development of our nation, an active enforcement of these legislations is the much need of our society. Only this type of socio-political structure will inject a sense of responsibility & accountability in our political class and then we will run on the path of development with our full economic strength. But remember, all this will happen if each of us will cast his/her vote in elections with a scientific, unbiased mind far from caste and religion.

Live Like An Indian, Think Like An Indian...!!!

I believe in our Constitution, and we all are living in a same system established by a social, secular and sovereign nation, not by any specific cast, creed, sex or religion. So it would be better to work for the good sake of our country rather than doing some worthless and separatist activities. We should respect and appreciate each others contribution in the nation-building process, no matter the size of contribution, but what matters should be the commitment behind the contribution....I urge to every Indian not to involve in any kind of activity associated with social separatism on the lines of caste, creed, sex or religion. 


Live like an Indian...!!!

Think like an Indian..!!!

Road To Next Generation Economic Reforms

The next waive of financial reforms in India are taking place in the global arena of economic instability. Change is inevitable but should be acceptable because it brings new way of life with various new initiatives. FDI cap in insurance ra

ised to 49%; foreign investment in pension sector has allowed; new Companies Bill 2011 (changing a lot in the Companies Act 1956) has been cleared; investment on health schemes has been raised in 12th Five Year Plan......What they mean are choice of pension schemes for non-government employees; higher FDI inflows will strengthen the market; top domestic long term savings; support infrastructure investment; expert fund management practices; simpler norms for compliance and contemporary legislation will boost up the growing and emerging Indian economy. Because to promote the inclusive growth and sustainable development among the people of India, supports from our money market and capital market is essential and if they will be at their best then we have enough resources to tackle such a big problem.

Who is bearing the burden of growth?

The Central government is in the "habit" of passing on the burden of its own making to the common man who is already struggling with inflation and other blows in the form of costs of essential commodities. Now the diesel price hike will definitely have a domino effect. Traders will only use this as an excuse to make life more miserable for us. Austerity measures undertaken by the government sh

ould be implemented quickly before matters go out of hand. It is sad and make one anxious that everyone, from the local politician upwards, is wasting the tax-payer's money on unnecessary events while the government is unable to ensure the basic comfort of the common man. Since this is a national issue and affecting all across the nation, there must be concerted efforts by both the ruling party as well as the Opposition to find a permanent solution. The main thrust must be on educating the public on a warfooting about the urgent need to conserve oil, and explore the possibilities of alternative sources of fuel. Also, the State governments should totally waive the tax on petroleum products. Finally, all these situations are giving us a very clear message that we must find ways and means to reduce our dependency on foreign oil. This can only be done by reducing oil consumption, especially for personal transport.

Look beyond the appreciation of CRR

RBI has always utilized some ready'made solution to reduce the inflationary pressure but the market still remained volatile. Only some specific monetary tools like CRR, repo, reverse repo, etc. can change only the pattern and nature of investment by the financial institutions but the outcome of these changes doesn't meet with our plan to create an environment that promotes inclusive growth and sustainability in our economic targets. Without any doubt, CRR is a good monetary tool of quick positive responses but the way of our approach towards reforms in the present scenario of dwindling economic growth should be concentrated more on the infrastructure, education, health, employment generation, agriculture, and entrepreneurship.
The banking institutions, being as the biggest financial supporters to our public policies should concern about this and they should plan for an agenda beyond the ready'made monetary tools under the guidance of the RBI that this country really needs.