Thursday, March 17, 2011

India Embroiled

Publicity about 'India Shining' feel exaggerated. Do not you think! 2 G spectrum and now add to the controversy smooth loan fraud scandal that has engulfed major Indian banks. LIC Housing, major insurance company is among the government by the murky scandal mentored. It is estimated that the LIC of Rs 1,600 crore a smooth loan companies who fired Uninor, Parasvnath, DB realtors and others fired as infrastructure developers have had extended exposure to.

This development comes when the U.S. President Barack Obama long has taken an already heightened state called her as India's praise was not long before. But it seems as if we Indians can not praise our progress. Expression of the media houses such shameful acts of some who make the most difference helped unmask freedom: it is the power of article 19. Yes, I'm talking about corrupt politicians and bureaucrats do.

Regional party of DMK our Telecom Minister A Raja has been on center stage 2G scam. When questioned by the media and the opposition to resign and set high standards of ethics, a shameful act on your part of the Indian Constitution "collective responsibility" clause made fun of.

Indian banking system which critical time of global financial and economic crisis demonstrated the high resiliency now bears the stigma of poor business ethics. No matter how many reforms are basal, the lack of real beginning of a change to elude our vision to make the big leagues will continue to be. Be the Basel I or Basel II, the human capital to which such issues need to be equipped to deal with. Always blame game but the top management of the banks involved in such shady business, we hope that we in India will soon join the elite are expected to have been against. On one hand we are staking their claim to be a permanent member of UN Security Council, but on the flip side is shown disrespect the rule meet the criteria. Government of India is the biggest culprit. It is called -

"The government's job is not in the business"

So why did not the government appointed a consulting firm for the award 2G licenses. CAG report 2G government losses from the sale of licenses 1.76lakh million is Rs. This proves that the government poor entrepreneurs and then down his revenue and fiscal deficits, the tax and the Laffer curve theory of Adam Smith, aligning with the government tinkers with the tax regime to reduce excuses.

2011 Budget round the corner but this time headlining the inflation rate and the issue of corruption which has severely dented investor confidence. Country, a traditional type of market failure towards the development of any developing economy must face her jump is facing. Need time to replacement level officials of the country especially with the achievement of population growth on the part of citizens to conduct religious feel.

India boasts of its ethnic diversity and unity in it, but people actually combined! We still have reservations system, tribal are still present and are therefore privileged under the Forest Act 2006 was passed by the Indian government. His rise is sure, still a title to make issues such as manual cleaning, the controversy concerning women empowerment etc. .. The sheer ideological gap that divides and unites the people of India.

India is a great country, but as stated -

"When you climb the ladder of success, make sure that it is leaning against the right of the tower"

Early Indian caste system is considered the Giants certainly not a great boon to the present time has proven to be. If the caste system created by the split, many of the problems currently non-existent and the country he proudly boasts rich human capital and the symmetrical distribution of funds could be used not to.


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