Despite all pep talk in budget, it is very clear that budgeting is merely a exercise done by Governments in Center and States to collect taxes and revenue to meet their ever booming expenses and luxury and extravaganza. 1.There is theft of at least 30% of electricity generated in country both by rural people and industries and urban people.Add to this 15 % transmission and other losses. 2.No benchmarks and indices are used by Central government for planning.For example in India per Capital income is just Rs 40,000 but a moderate house in urban areas is available for at least 20 lacs which is 50 times. Compare this with New York.Per capital income is 48000 dollars and price of good apartment is 2.3 lac dollars or ratio is just 4.7 times or maximum 5 times.What kind of economic management ManMohan singh is doing? Is he globalizing expenses or income? In India short term interest rates are from 5 to 7% whereas in USA these are hardly 1 %.How PM Manmohan Singh who is being propagated by manipulated media as expert can overlook such simple statistics? He is blindly implementing US model here without understanding and ensuring basic US features first in Indian society and Economy.And do we need to copy US system which is full of ills for their own citizens? 3.The Indian government is having single track mind in collecting more and more taxes arrogantly and without any accountability. The share of Government salaries,perks and pensions in India is a huge percentage of GDP and is creating fiscal deficit.Add to this life long pensions and medical care and ever rising corruption rates, a large amount of Indian money is siphoned off by politicians and babus every year and spent in property and luxury and sent abroad also.The laundering continues despite talks to bring black money back to home from Switzerland. This shows double standards of Congress and the politicians in India, generally.It includes all parties. 4.Government today is not spending any money for any project.All projects are being done on BOT system.Huge taxes are being collected in name of excise and service tax.Where all this money is going? It is being doled out to various ill managed schemes where babus,contractors and politicians are looting the money.This is main cause of rise in property prices and inflation in country 5.The governments are supposed to use their agencies and development Institutions to regulate private sector greed and moderate inflation.But in housing sector for example all state and central developmental agencies have simply stopped development of land and housing at moderate costs and distribute these so as to limit price rise.On the other hand euphoria of Mall culture and infrastructure is pressed by politicians to set in a cycle of greed and profiteering and speculation. Huge stamp duties and taxes are levied on property causing No 2 dealings and rise in property prices. 6. Health care has virtually gone to zero in state sector.Ground has been left open to private sector to bleed patients.American Insurance model has been brought but again halfheartedly thus causing havoc. In Short the congress regime since ManMohan Singh has come in PM seat is a big failure. ManMohan singh and his team are a big fraud and not experts.They are puppets and pro corrupt.The productivity of nation is going down and so is quality. Can we tolerate this any more.The congress needs to be kicked out and people should have control on all political parties in power to behave or get kicked out. It is time educated Indian at least come forward and start a campaign for political and governance clean up Indexes and benchmarks should be fixed for each criteria and government be forced to observe low cost of operations and ensure elimination of corruption.The property market should be brought down by at least 50%.
Hey good research. but to tell you that without the survey I can make out the conditions of in dian politicians.. tehya re making the indian economy hollow day by day.. the biggest scam of the Politician was made by the minister of Jharkhand.. Munda has done over 400 carores scam in the political field..wooohoo...
The ones who rule Scams and scandals make regular headlines in the Indian televisions. The politicians, when once get into the mainstream, suck up people’s money to increase their account in the Swiss banks. Scrupulous and witty bureaucracy is teeming with the ever scandalous politicians to do business of the money we pay as taxes. There is corruption at all levels and there is little that can be done.
the government is set up for looting money from the people and stashing it in their foreign bank accounts. there is heavy loot and theft of taxes from people. the politicians are shamelessly increasing the burden on common man by first increasing the budget, then stealing that money of budget, plus looting the money by increasing taxes in the name of increased burden of budget
true line... i completely agree that politicians are the ones who are responsible for the draw backs of indian economy. they set up good budgets to loot taxes from people and shove away the money in their bank accounts and we the people of india remain as we were ... nothing changes and we again elect similar bunch of polits who suck the blood of people.
If economists and strategists are working on how to improve the Indian Economy, these politicians are working on how to loot the indian economy. Unless these politicians are controlled from looting our national wealth, we cannot have a prosperous economy though we claim of having a good economic growth rate.
