Showing posts with label india. Show all posts
Showing posts with label india. Show all posts

Friday, December 1, 2017

Women should redefine the society


Women in India have the most comfort zone. They are brought up carefully by their parents and at the time of acquiring an independent thought they are married to man and he owns her according to our customs. Before marriage they are under the umbrella of their parents and After marriage they are under Shadow of husband. The society does not demand women of social stature, financial independence, political leadership, societal dominance and personal achievement. This is the comfort zone created for women.

This comfort zone is created by men. Women staying in this comfort zone will help men establish themselves superior. But now women are getting empowered and they are proving equivalent to men in many fields. But they continue to stay in the comfort zone. Women can use this comfort zone to achieve but once they achieve they should come out of this comfort zone of this society. This society is made for the men by the men and to the men. Women should try to achieve social stature, financial independence, political leadership, societal dominance and personal achievement.

Women are trapped in cultural ethics defined by men. Cultural ethics which say what is right and what is wrong are fully biased towards men. These cultural ethics act as impediment for women empowerment. This culture gives comfort to women but not independence. These cultural ethics are like golden chains tied to a corner in the jail called patriarchy. It's time for women to break these chains.

The women's fight for equality in the male dominated world where all the laws of the state, customs of the society and patterns of relationship defined by men or in the perspective of men is useless. Women should instead fight for independence from this society and develop their own society. A society in which customs of the society, traditions of religions, patterns of relationship and laws of state defined by women.

Redefinition of all the ideas is needed in women's perspectives. Ideas include laws, culture, traditions, customs and relationship. Go out of the comfort zone but use the comfort zone whenever needed as this is a patriarchal society. Break the chains of the society. Prove that women are superior to men. Create a rational society. 

Wednesday, November 9, 2016

Boldest move ever: But large Black money holders are not affected


          Indian government’s decision to demonetize 500 and 1000 rupees notes, the two highest valued papers on land is the boldest move ever a government taken to curb the menace of corruption. Black money accounts for 20 percent of the GDP of nation which is 133.5 Lakh crore according to Ambit Capital Research. Many other sources say that black money is much more than that.

Large black money holders are saved 

          Most big players who have i)acquired assets with the black money, ii)converted into white, iii)acquired assets overseas, iv) Invested back in India as FDI in dollars through tax heavens like Mauritius v) Valuable metals like gold and silver will not be affected by this move. So Politicians and Business men have insulated themselves from this shock. They have converted their black money into dollars. Small proportion of their black money (might be less than 5 percent) which is in cash may be affected which is much less than the 45 percent tax they need to pay. It is blow to only those players who keep black money with them without investing anywhere. 

           It is a surgical strike on Hawala operators who generally transfer money from overseas and hold large big notes with them. Collapse of hawala transactions will be big boost to GDP of the nation and banking sector. 
          Government employees pay tax for the amount then earn legally. It is only those corrupt officers who have not invested their money are drowned. 
          Small and medium business units who runs economy of unaccounted transactions are the worst affected. These people avoid paying tax even though their incomes fall much in the tax net. Unorganized sector employees who are paid their salaries in cash will also face problems in exchanging the currency they had. 
          Non bank account holders will be affected for sure but their proportion is reduced with Jandhan. Especially in north eastern and hilly terrain areas where banking has not penetrated will be affected 
          As a whole this policy is a target on small and medium black money holders only. Even some of them also converted black money into assets to the possible extent. 

Good future prospects

          Most Black money is an outcome of corruption, this is a surgical strike against corrupt. Decrease in corruption levels will boost the nation in all terms. 
         The proportion of small and medium black money holders is very high in the nation. They are the future large black money holders. So curbing them is a wisest move as a large potential of future black money is stalled. 
         Net amount of black economy will be minimized and it will give government to implement its schemes and activities for the benefit of the people. 
         Encouragement of Virtual money(e- banking, credit and debit card) increases transparency in the nation.
         As all the people will bring their money to banks, transactions of money increases and in turn raise GDP of nation. 

Immediate state of economy

        As the nation highly runs on unorganized sector the immediate condition of economy will be in a degrading. A parallel economy which is running on black money collapses to a major extent and leads to unemployment. Small and medium business units which sustains on tax evasion will crumble to large chain and multi-national companies. Small units do not have professional management and skill workers like MNCs and chain linked companies. This is a great chance for Ambanis, Adanis, Birlas, and other business man to expand their empire which may in turn result in collapse of small industry. Accountability of economy will surely increase but diversity in economy may vanish.India as a country should not become a puppet of a few businessmen rather it needs to give space for maximum businessmen for the future growth of the nation. 

         As banks will not be open for 2 days, the economy of nation will be crippled these two days. People face extreme situation these two days. Even after that people have to get ready for large queues which they use to buy first day movie tickets of star hero and much forgotten now with introduction of digital cinema. As Indian economy is cash run economy the 100 rupee notes which are in circulation will not be enough for transactions. If transactions decrease economy decreases. It takes atleast a week in urban and a month in rural areas to pump enough currency to rejuvenate the economy. The readiness of RBI with new notes is an important factor in determining the time by which enough currency is back with the people. Excess black money holders will soon start selling their notes for lesser value. A 500 rupee note may be sold for 400 now but its value falls to zero as the deadline of December 30 comes. Digital banking units like Paytm, freecharge, DBS, are the immediate beneficiaries in technology penetrated areas. 

Welcome move

        Any step which helps the growth of the nation is laudable and welcome. It will be a bigger achievement if government works faster to pump enough cash and bring back the economy in the quickest possible manner. The liberalization of Indian economy in 1991 has surely helped the nation, but in its immediate following many Indians lost their jobs and many local companies collapsed unable to bear the international competition. Now government must ensure that small entrepreneur do not lose out to big entrepreneurs like Adanis, Ambanis, Birlas,. 

Sunday, October 23, 2016

Let Democracy prevail

            In Indian democracy people elect government and so the governments have the legitimacy of people. The elected governments have the power to make laws and take administrative decisions which come under its ambit according to the constitution. From the very definition of democracy elected governments draw the authority to ‘administer the people’ from the people itself. So this concludes that the elected governments gain defacto (real or original) power in the subjects it is entitled to. The real power is attained from the feature “democracy” itself. So stripping a government of defacto powers of popularly elected government by higher government who enjoys dejure (nominal and legal) powers is against democracy.

           In Delhi people elected government so that they will be ruled by it. If the government of Delhi do not have the defacto powers in its sphere then what is the use of electing it by people. As it is elected by people Delhi government draws the authority from the people who have elected it and not by the debate whether it is union territory or state.

           Constitution i) allows minimal coordination in the whole nation, ii) specifies who has the power to make decision in a society, iii) limits the power of government, iv)fulfill the aspirations of society and v) expresses the fundamental identity of people(Indian). Constitution of India draws its legitimacy from people as they consensually accept it.

             Delhi High court has pronounced a verdict that Delhi being union territory the final authority rests with lieutenant governor. This interpretation is reflection of constitution specifying who has the power to make decisions but not reflecting the people’s legitimacy on it. This is an interpretation of constitution rather than the aspirations of people from whom the constitution draws it’s authority from. People of Delhi wanted to be ruled by a government of their choice(in the subjects it is entitled to do). People of delhi have elected a government to rule them for 5 years. Constitution says they are to be ruled by some other (LG) whom the people of Delhi have never endorsed. Here constitution is against the wishes of people. As lieutenant governor is taking over defacto power in every decision of government it reflects that he is against the wishes of the people. This results in decrease of legitimacy of constitution by the people. It is not good for the nation to take the authority on the people by saying constitution has granted me to rule over you. This is belittling constitution. Let democracy prevail.