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UPA taking India back to 1991-type economic crisis
- Published on 01 September 2012
"AS regards import compression, you may well be right that in previous years, there was some fat in the import bill. However, in the last five months, a savage import cut has been imposed and today there is no scope for any further import compression. Even the import compression that is now in place, will have serious consequences. It will hurt industrial production, lead to large scale unemployment and will give rise to serious unrest and disruption.
“It is in this context that I seek your understanding of what we have been doing to deal with the worst economic crisis in the history of Independent India. My effort is that somehow we should avoid a situation where are declared a defaulter.”
Usher in democratic equilibrium & good governance in 2012
- Published on 01 September 2012
THE disequilibrium in the country's democratic system has reduced the Executive and the Legislature to the status of a second fiddle. The extended debates in Parliament over the Lokpal Bill are a manifestation of this phenomenon.
It is the media, the civil society, mobs/public protests and the Judiciary that are calling the shots. The Executive and the Legislature are increasingly looking for the right signals from these four assertive pillars of democracy to perform their duties.
Good and rational governance has become the biggest casualty in this on-going churn within the world's largest democracy.