Posts

Showing posts from November, 2012

FDI WILL REVITALIZE THE EDUCATION SYSTEM

                      Education, a panacea for the ailing living standard, an elixir to the indignant poverty condition, a question as well as an answer to the economic disparity and an instrument to measure the prosperity of a nation, is a matter of concern for India. Population explosion rate has always been way ahead of literacy rate. Moreover the unfit, obsolete, and rote learning provided by the existing institutions have aggravated the problem in the form of educated unemployment. There is a dire need of complete overhaul of education system. Government has certainly done its bit by creating schemes and allotting funds, however, the stark reality is it (government) does not have enough capital to build new universities but it certainly does have the power to revitalize the system by implementing niche policies best one of these would be allowing FDI in education. Currently...

GOING AWAY WITH PETROLEUM SUBSIDY

Momentary happiness at the cost of jeopardizing future is a parochial way of governing.   Especially, when the ephemeral bliss exacerbates the way forward so much so that it has catastrophic repercussions.   Despite meticulous planning the fiscal deficit last year stood at staggering 5.9% of GDP way above the estimated in the Union Budget 2011-2012. Expenditure on oil and petroleum is soaring owing to the large industrialization and urbanization. Providing affordable fuel is the ultimate demand of the middleclass. So, subsidy, as an issue, has a potential to overrun the existing government; but there is need of cognizance among people of what this short term comfort doing to the economy in the long run. Subsidizing petroleum incurs government huge pay which instead would be paid by mostly not so affluent but still well to do thriving middle class. These people would continue to travel and buy cooking gas although with a bit of constrained consumerism, nevertheless, it...