Friday 27 September 2013

It is Vote for ‘Against All’

The scratch vote is a negative yet emancipating ballot option allowing us noble citizens to vote against all the candidates chosen in an election.

It gives us room to exercise our vote in toto without having to be subjected to choosing & accepting undeserving candidates with no clear agenda or lacking mass appeal. This negative voting would gradually lead to the objective of candidates being chosen by political parties that truly represent the will of the voters.

It would foster cleaner elections and candidates with strong leadership qualities and goodwill to rise above the rest.

We are finally moving towards an egalitarian society where the burgess a.k.a citizens & tax payers can finally press the NOTA (None of the Above) negating all candidates. However, one must truly utilize their rights & opportunity to vote, rather than not, as that would be deemed as catachresis of the electoral ideology.


A complete misuse of the system that is in place to assist us to put forth a deserving candidate and if they are not truly commendable or lack righteous actions then we should exercise our rights to reject them completely, thereby forcing our nation’s political parties to compete with not only the best candidates but who are worthy contenders as well.

Friday 20 September 2013

The Game of Numbers

Within two weeks of having taken charge Mr. Raghuram Rajan our current RBI chief, has taken the bull by its horns so to speak. The proverbial bull in the china shop- Inflation, has created havoc in our Indian growth story.

At the beginning of the Fiscal year expected GDP growth rate was pegged at 7.5% and inflation nearing 6%. Anyone with half a mind can understand that these kinds of numbers can mean only one thing- economic slowdown. Actual numbers are worse with Q4 FY2013 GDP growth reported as 4.8% whereas the consumer price inflation was 6.1% as on 30 Aug’13.

I believe that Mr. Raghuram Rajan’s stance on balancing the slow growth with accelerating inflation is a correct one. Even though the US fed’s decision to postpone tapering of stimulus has had a positive impact on our stock markets, however the real worry is the economic growth in the long run.

His decision today to increase the repo rate by 25 basis points was a tricky one as its impact will only be clear in the next quarter numbers. Till then we can only strap on our seat belts and sit tight, as Mr. Rajan is yet to prove his steering capabilities.  And hope that he will drive our economy out of the current fiscal mess and towards a more wholesome and shining growth story projected few years back.


I, however, on the other hand have no doubts on his driving skills and believe that we will reach the desired destination safely provided we can avoid the pitfalls of corruption and implement our economic policies effectively.