Friday, August 31, 2012
Still driven by cash, black money
Rat bite of baby in Hospital, Chennai
Thursday, August 30, 2012
World food prices surge
Dr.C.Murukadas, The Economic Times, 31 August, 2012
Malnutrition in Gujarat
Dr.C.Murukadas, The Times of India, Aug.30,2012
Manmohan Singh Government is at the lowest ebb
The public image of the Manmohan Singh Government is at the lowest ebb. As long as the Communist Parties were supporting UPA I from outside, they were balancing the function of the government. The number of scams, scandals and frauds were very low and the looting of public money was not on a massive scale witnessed today during UPA II, bereft of Communist Parties. Dr.Manmohan Singh has proved to be very weak in ensuring good governance by the present government. The number of mind-boggling scandals and scams such as “Spectrum scandal” and Coalgate scam” involving the loss of lakhs of crores of rupees to the exchequer and bribe of thousands of crores of rupees to the politicians, bureaucrats and middlemen, have shattered the faith of people on Dr. Manmohan Singh Government and the government headed by him (UPA II). Moreover, Dr.Singh seems to have fallen into the trap of lobbying by the multinational corporations, especially of USA, either directly or under pressure from his mentor, the Congress President. His continued maneuvering for FDI in retail is a case in point that he has yielded to pressure form the vested interests. The general perception is that the UPA government should go out sooner than later.
Dr.C.Murukadas, NDTV, Aug.30,2012
Narenra Modi's statement on malnutrition condemneded
Banking activities paralysed
The two days strike by one million employees of all 27 public sector banks, 12 private banks and 8 foreign banks is a bad augury.It must be borne in mind that India was largely insulated against the world financial crisis mainly because of the stability of our public sector banks. As these banks have stood away from unorthodox and unlawful banking practices followed by the multinational banks, it helped India to avoid financial crisis. But instead of strengthening of these banks, the government seems to ruin them by outsourcing some of the functions of the banks. By avoiding timely recruitment to the vacant positions due to retirement and branch expansion, the government is doing dis-service to the banking sector.Of course these banks have to be more efficient in rendering services to the people. Of late, corruption and malpractices by a small section of the officers have affected the efficiency of these banks. The government should take steps to root out corruption.
Tuesday, August 28, 2012
Sharp fall in household savings
The sharp fall in household savings to 10.9% of Gross Domestic Product (GDP) in 2011-12 from 17.8% of GDP in 2004-05 is really worrisome phenomenon. Obviously, inflation is the main cause of such a deep fall in domestic household savings. But there other reasons too. There is enormous change the consumption pattern leading to increase in consumerism. In fact, there is a kind of craving among the people for the possession of various modern gadgets and equipments which have been exposed due to globalisation and liberalisation. In fact, there is an insatiable desire to possess them. Many households resort to borrowing indiscriminately in their attempt to possess more and modern items such as television, stereo, video, grinder, fridge, microwave owen, mixie, washing machine, cleaning machine, air conditioner, cell phone, and other such electronic items, besides rise in demand motor cycle, car and so on. Many people in order to meet their cravings resort to borrowings at exorbitantly high rates of interest. More and more households are falling into debt trap. Moreover, in past decade or so after liberalisation millions of people all over the country have lost their savings by investing in fraudulent schemes, which offer exceedingly abnormal return on investment. Therefore, the there is decline in the propensity to save, whereas the propensity to consume has gone up due to rise in consumerism. Moreover, may households seem to have abandoned risky and low return financial instruments in favour of stable instruments with assured returns. Despite low returns the people have turned to bank deposits as the most preferred financial saving instrument in recent years. Nevertheless as consumerism is sweeping in the minds of the people due to globalisation and liberalisation, which may be strong constraint to increase the savings level of the people, i.e. household savings. Dr.C.Murukadas, The Times of India, 24 August, 2012.
Monday, August 27, 2012
Abdul Kalam is wrong in favouring FDI in retail
Dr. Abdulkalam is a great scientist. But it seems that he is unaware of the ground realities. The only avenue open to the unemployed people in our country is retail trading. In recent years the central and state governments have failed to fill up the vacancies. It is estimated that there are 1.5 million vacancies in the various departments and organizations of the central government. Another 2.5 million vacancies exist in state governments and thousands of vacancies exist in public sector enterprises, banks etc. A recent survey has shown that recently many of those involved in petty trading and hawking are educated unemployed youth. If they find employment in the government or organised private sector many of them will move out of petty trading and hawking. Moreover, the the government's contention that FDI in multi-brand retail will lead to creation of 10 million jobs is wrong . But in reality, the creation of 10 million jobs is unachievable even in the long-run, leave alone in just three years. Various studies on the impact of global retail giants setting up retail stores confirm that job losses have occurred everywhere and as a result disrupted the livelihood of the people. On the whole, only around 2.2 million persons will be able to get jobs in the retail establishments and supply chain operations, at the best scenario. But millions of poor and middle class families who survive on tiny and small scale retail business will be rendered , Dr.C.Murukadas,The Times of India, 27.8.2008
Friday, August 24, 2012
RBI bats for more FDI in retail, insurance and aviation
The Reserve Bank of India is echoing the stand of the government. There is absolutely no need to further improve foreign direct investment (FDI) inflows in sectors such as insurance, retail, and aviation. Even in the case of urban infrastructure, the country can afford to find resources, if proper efforts are made to realise real value of natural resources allocated. If corruption is plugged in the allotment of coal blocks, oil/gas blocks, spectrum, land, and other mineral resources, lakhs of crores of rupees can be realised. The amount so realised can be used for infrastructural development and welfare services. A book by this commentator entitled, “FDI in Multi-brand Retail Trade: A Retrograde Step,” is going to be published within the next fortnight by M/s RAC Publications, Chennai. It is the outcome of deep research. The study concludes by stating as follows: “ FDI in retail trade will not serve any purpose. It will do more harm than benefit the people."
More parks in Chennai
But members of residents welfare associations and civic activists say that many parks in Chennai are not properly maintained. They demand better maintenance of Chennai parks. Official apathy is said to be the main reason for lack of proper maintenance of the parks. Lack of a proper system to monitor park maintenance has resulted in decay of some parks , which have turned into vice dens. So the Corporation should take steps to properly maintain the parks.Dr.C.Murukadas , The Times of India, Aug 24, 2012
Thursday, August 23, 2012
The kill pills: Lab test in Tamil Nadu rates 7 % drugs as 'substandard'''
'' It is shocking to know that a variety of drugs are found to be substandard all over the country. Manufacture and sale of spurious drugs is primarily a clandestine activity. To this extent, it is difficult to detect the manufacture or movement of spurious drugs. Any effective action against this activity would require continuous surveillance by the regulators and active co-operation from the Law and Order Enforcement machinery in the States. Circulation of spurious drug can lead to grave, adverse consequences on both consumers (patients) and genuine manufacturers. State drugs controller's findings that his office has found drugs for diabetes, high blood pressure and heart diseases to be of inferior quality. Vitamin tablets, steroids and cough syrups have also been found to be useless. At least one-third of cases filed under the Drugs and Cosmetics Act deals with substandard and spurious drugs, sharply reflecting the public health hazards posed by a network of unscrupulous pharmaceutical companies, distributors and retailers. National TB Control program is a centrally sponsored scheme with MDT or multi-drug therapy. Under the scheme large quantities of medicines are procured on rate contract and in such cases adequate quality control system is expected to be in vogue. Under the provisions of Drugs and Cosmetics Act and Rules there under, it is the joint responsibility of Central and State Governments through their respective Drug Control organizations to regulate manufacture and sale of drugs as well as to keep surveillance over possible movement of spurious drugs .But in practice no quality control is being done mainly because of corruption in procurement.Any effective action against this activity would require continuous surveillance by the regulators and active co-operation from the Law and Order Enforcement machinery in the States.Moreover, the government officials do not monitor if expired drugs are safely disposed. These despicable people who are found manufacture and sell substandard medicines are causing death of our loved ones, driven by sheer greed. Despite reports of cases of fraudulent and spurious manufacturing of drugs, supply of low quality medicines and negligence towards disposal of expired medicines, no effective steps have been taken by the administration to change the Act to impose stringent punishment to the perpetrators such heinous crime. At present only penalty imposed is fine of maximum one lakh rupees. Cases of imprisonment have been rare. The heinous crime of providing spurious or sub standard medicines should be treated at par with mass murder and punished as it would be mass murderer. There can be no mercy and it should be the top priority of the governments to ensure quality drugs including those supplied 'free' from government hospitals/ dispensaries on which the poor and needy people depend for the life and well being. Dr.C.Murukadas, Times of India, August 23,2012 |
Wednesday, August 22, 2012
Govt firm on raising FDI cap to 49% in insurance
The proposal to hike FDI in the insurance sector to 49 per cent from the existing26 per cent is suicidal. Standing Committee on Finance has rejected the Government’s
proposal to raise the FDI cap. Foreign multinational insurance giants are waiting in their
wings to capture India's vast and rapidly growing insurance market. Experiences of other
developing countries have shown that increased role of foreign capital would lead to
the possibility of exposing the economy to the vulnerabilities of the global market, which
would cause flight of capital besides endangering the interest of policy holders.
Moreover, the decision to raise the FDI cap on pension to 49 per cent is unwarranted.
It is not wise to throw open the huge pension funds to the foreign investors.It will lead
to tying the pension funds to vulnerabilities of the global market.
FDI in multi-brand retail to harm Indian workers: Global report
It is absolutely true that FDI in multi-brand retail without adequate safeguards will lead to widespread displacement and poor treatment of Indian workers in logistics, agriculture and manufacturing. Moreover, it will be impossible to implement the safeguards because once allowed to set up multibrand retail shops the multinational retail giants will have scant respect for law. Wall-Mart and other global retail giants are waiting for Government node to enter India’s retail market. In fact they are relentlessly pressurizing the Indian Government to open up FDI in Multi-brand retail. They want to reach the Indian retail market not due to concern for the welfare of the people, but because of sheer greed; i.e. the desire to expand their empire and to earn extra profits. In fact, it is the brazen self-interest that drives western mega retail corporations to look for gullible markets in developing countries. Wall-Mart already has a joint venture with Bharti. Once the permission is given for 51 percent FDI in multi-brand retail trade, Wall-Mart and other global retail giants will swamp the Indian retail market and within a few years much of the unorganised retail traders will be forced to quit business and thereby lose their livelihood. It is alleged that Bharti-Walmart is illegally carrying out multi-brand retail trade despite being permitted only to carry out wholesale cash-and-carry or wholesale trade in the country. On the basis of the suit filed by environmental activist Vandana Shiva, the Delhi High Court sought replies of the Centre, Bharti-Walmart and Bharti Retail on a plea for a probe against the firms for allegedly carrying out retail trading in the multi-brand sector in violation of India's existing FDI policy. Thus, even before getting permission to operate multi-brand retail stores, Wall-Mart has violated Indian rules and regulations unlawfully involved in multi-brand retail trading. Now the question is, will Wall-Mart and other multinational retail giants respect Indian laws once permission is granted to operate multi- brand retail stores?Dr.C.Murukadas, The Times of India, August 22, 2012
Thursday, August 16, 2012
Unhealthy at 65: India has 76% shortfall in government doctors
“Health is wealth;” it s an old adage. Somehow our politicians and the planners failed to realise the value of health. It is a naked truth that majority Indians lack proper health and the number of maydays lost due to sickness runs to millions. Reports suggest that at any time one or more members of a family are afflicted by ill –health. The situation is worse in the case of the poor, both in the urban and rural areas. A recent study of slums in the million plus cities of Tamil Nadu (Chennai, Coimbatore and Madurai) supervised by this commentator, serious health problem exist in slums everywhere. According to this study, “58.6 percent of the households had one or more members suffering from some kind of diseases or other during one month prior to the investigation. Malaria, dysentery, diarrhea, asthma, bronchitis, tuberculosis, chicken guinea etc. were among the most common diseases that affected them. The incidence of disease was also relatively high in their case and the frequent occurrence of diseases had affected their families. The respondents reported that in case of common illness like cold, fever, dysentery, etc., they did their own treatment or they approached nearby medical practitioners. They stated that they had to depend upon government and corporation hospitals and dispensaries for illness requiring medical attention. However, they were quite unhappy about the cumbersome procedures, long waits and poor medical attention in the government hospitals and corporations dispensaries. Quite a few respondents opined that the general rush in the outpatient departments of the hospitals was so heavy that the doctors found no sufficient time to attend all the patients with due care. The availability of doctors, medicines and chances of treatment were erratic. Seldom are the doctors or medicines available. Moreover, many respondents stated that they had to grease somebody’s palm to get proper treatment.” The situation is not different among the poor in rural areas. The reason is meager investment in public health. India's spending on health care continues to be very low. Not enough public health centers are there. Where there are hospitals, doctors and nurses are available, particularly in rural areas because of their shortage. Where doctors and nurses are available medicines will not be there. Government should take a bold decision on the issue and find ways to spend more money for public health. All the more, care should be taken to spend money spend in a proper way without any misuse. Medical education should be made easy and affordable for all sections of the community. Dr.C.Murukadas, The Times of India, August16, 2012.Wednesday, August 15, 2012
Black money
Black money is one of the serious scourges facing India, which is acting as a stumbling block to unsure inclusive growth and development of the country. It is the root cause of growing inequality and deprivation. Any body who takes up the issue genuinely should be supported by all. It is interesting to note that Baba Ramdev's protest against black money found supporters across political parties, with many of them including Nitin Gadkari, Sharad Yadav, Mayawati, Nitish Kumar and Mulayam Singh Yadav backing the movement. Estimates about black money are largely conjectural. The estimate of black (unaccounted) money held by Indians, both in India and abroad is estimated to be around $1000 to $ 3000 billion. The estimated black money stashed abroad by Indians and Indian entities varies between $500 and $1,500 billion. This huge amount has been appropriated from the people of India by exploiting and betraying them. If this huge amount of black money and property comes back to India, the entire foreign debt can be liquidated. And after paying the entire foreign debt, India will have huge resources to invest in development programmes and welfare measures. Dependence on FDI can be substantially reduced. If corruption is controlled, generation of black money can be controlled to a large extent. Of course, for significant dent on corruption and black money there should be change in the mind set of politicians, bureaucrats and the public. Dr.C. Murukadas,The Economic Times (Chennai), 13Aug,2012
Monday, August 13, 2012
Chennai homes, a tall order
The rise in demand for high-end housing in the city is not the effect of increase in overall development of the city; it is rather an indication of growing inequality. In Chennai Metropolis, like other big cities in India, economic growth has not resulted in prosperity for all. This has led to wealth being overtly concentrated in a few hands.That is greater part growth has gone to proportion of the people. But majority of them have access disproportionately higher income mainly through illegal means such as tax evasion, corruption, money laundering, mis-invoicing, capitation fees, smuggling, profiteering,capitation fees,etc. These high net-worth individual are prepared to pay any price for a higher end dwelling unit in a posh locality. The pity is that low income people are completely left out, particularly in the past decade or so when the government has withdrawn form the construction of dwellings for the poor (low income)As a result majority of the urban poor are forced to live in slums and squatter settlements in poverty and destitution without access to basic amenities and essential services. Business Line
Sunday, August 12, 2012
Measures to curb graft, seize black money in place
Black money is one of the serious scourges facing India, which is acting as a stumbling block to unsure inclusive growth and development of the country. It is the root cause of growing inequality and deprivation. Black money refers to funds earned through shadow activities (income generated through illegal means), on which income and other taxes has not been paid. In common parlance the term is used to refer to money that is not legitimately earned and possessed by the individuals or households. This could be primarily for two possible reasons: 1) the money may have been generated through illegitimate activities not permissible under the law, like corruption, smuggling, mis-invoicing (under-invoicing and over-invoicing counterfeiting, illegal mining and quarrying, profiteering, capitation fees, prostitution, crime, drug trade, terrorism, all of which are liable to be punished under the legal framework of the state; and 2) income and wealth generated and accumulated by failing to pay the dues to the public exchequer in one form or other. In the latter case the activities undertaken by the perpetrator could be legitimate and otherwise permissible under the law of the land but s/he has failed to account the income so generated, comply with the tax requirements, or pay the dues to the public exchequer, leading to the generation accumulation wealth may have been generated and accumulated by failing to pay the dues to the public exchequer in one form or other. Part of the black money, which is generated by small perpetrators, is stashed in the country in the form of cash, gold and silver, in real estate etc. But a major part of the black money in the hands of big sharks are such as industrialists, businessmen, bureaucrats politicians, smugglers, drug peddlers, and so on is stashed in foreign banks situated in various studies on tax havens ,which are typically small countries/ jurisdictions, with low or nil taxation for foreigners who decide to come and settle there. Estimates about black money are largely conjectural. The estimate of black (unaccounted) money held by Indians, both in India and abroad is estimated to be around $1000 to $ 3000 billion. The estimated black money stashed abroad by Indians and Indian entities varies between $500 and $1,500 billion. This huge amount has been appropriated from the people of India by exploiting and betraying them. If this huge amount of black money and property comes back to India, the entire foreign debt can be liquidated. And after paying the entire foreign debt, India will have huge resources to invest in development programmes and welfare measures. Dependence on FDI can be substantially reduced. If corruption is controlled, generation of black money can be controlled to a large extent. Of course, for significant dent on corruption and black money there should be change in the mind set of politicians, bureaucrats and the public.D r. C.Murukadas, The Times of India, Aug. 11, 2012
Arrest of "Jeppiaar” in connection with the death of 10
Arrest of "Jeppiaar” in connection with the death of 10 migrant workers on the premises of Jeppiaar Institute of Technology indicates that the Tamilnadu government is letting the law to have its own course. He is one of those responsible for commercialisation engineering education. At present, he owns over a dozen engineering colleges, and many polytechnic colleges and some institutes of Management studies, besides a deemed university. Most of these institutions run by him are built without proper plan permits. He has in fact encroached upon land belonging to government, religious bodies and even the public by using his political clout and started so many institutions. He is also one of those responsible for making AICTE and UGC into corrupt bodies. It is unfortunate that the AICTE has granted permission to this college even before the construction of adequate buildings with sufficient class rooms, labs and other facilities. Corruption is the root cause for AICTE granting the permission. When so many engineering institutions are not able to fill the sanctioned strength, what is the necessity for him to open another ill-equipped college? It is incomprehensible to note that how AICTE grant permission to start so many colleges by one individual/family under one trust or different trusts. Moreover he is running these institutions in an undemocratic manner using muscle power. Most of the students in these institutions are from outside Tamilnadu. He has developed a network of agents all over the country, who are paid substantial amount as commission. But after admission these innocent students are fleeced, intimidated and ill-treated. Money is the only criteria in all his institutions. The government should appoint a committee to review the functioning of these institutions and find out the extent encroachment of public and private land and take suitable action.Dr. C. Murukadas, The Times of India, 11 Aug, 2012
Friday, August 10, 2012
FDI in retail
There is no truth in Mr. Anand Sharma's statement that allowing FDI in retail will usher in huge benefits and create jobs; will help build the supply chain, cold storages and benefit the farm sector; and will help in efforts to reduce wastage of fruits, vegetables and other products and tame inflation. The truth is that allowing FDI in the sector will hurt small stores, kirana shops and the hawkers and lead to massive job losses. A book by this commentator entitled, 'FDI in Multi-brand Retail Trade: A Retrograde Step' is going to be published within the next fortnight by M/s RAC Publications, Chennai. It is the outcome of deep research. The study concludes: Evidences from various parts of the world indicate that widespread emergence of big format retail super stores have led to extensive ruin of retail stores/shops thereby resulting in the loss of employment and livelihood to millions of persons involved in retail trade.
| |
Dr.C.Murukadas,The Times of India, August 9,2012 |
Wednesday, August 8, 2012
Plan panel wants govt to retreat from healthcare
The Planning Commission’s proposal to reverse the long-standing public health policy ending governments' dominant role in providing health services and transiting to greater privatization of the health sector from the 12th plan onwards in totally unwarranted and patently dangerous. It has to be noted that India, health care system is inadequate and pathetic. Proper health care and medical facilities are out of reach for a large section of the rural as well as urban poor. Poverty and degraded living environment, and other forms of social disadvantage translate into poorer health status and outcomes for the poor. The general health condition of the urban poor, primarily slum dwellers, is as worse as that of the rural poor. Slum populations, obviously, ‘face greater health hazards due to overcrowding, poor sanitation, lack of access to safe drinking water. A recent study of slums in the million plus cities of Tamil Nadu (Chennai, Coimbatore and Madurai) by FSD (under the guidance of this commentator) found that serious health problem exist in slums everywhere. This study revealed that: “The information provided by the respondents, 58.6 percent of the households had one or more members suffering from some kind of diseases or other during one month prior to the inv stigation. Malaria, dysentery, diarrhea, asthma, bronchitis, tuberculosis, chicken guinea,dengue, etc. were among the most common diseases that affected them. The incidence of disease was also relatively high in their case and the frequent occurrence of diseases had affected their families. The respondents reported that in case of common illness like cold, fever, dysentery, etc., they did their own treatment or they approached nearby medical practitioners. They stated that they had to depend upon government and corporation hospitals and dispensaries for illness requiring medical attention. However, they were quite unhappy about the cumbersome procedures, long waits and poor medical attention in the government hospitals and corporations dispensaries. Quite a few respondents opined that the general rush in the outpatient departments of the hospitals was so heavy that the doctors found no sufficient time to attend all the patients with due care. The availability of doctors, medicines and chances of treatment were erratic. Seldom are the doctors or medicines available. Moreover, many respondents stated that they had to grease somebody’s palm to get proper treatment.” Under the circumstances and realities, further withdrawal of the public sector from medical and health services will entail more sufferings to public in general, and poorer sections in particular. In fact the public sector accounts for less than 20 % of total healthcare spending in India. Only 1/4 of the Indian population has access to Western (allopathic) medicine, which is practiced mainly in urban areas, where two-thirds of India’s hospitals and health centers are located. Many of the rural poor have to rely on alternative forms of treatment. A widespread lack of health insurance compounds the healthcare challenges that India faces. Although some form of health protection is provided by government and major private employers, the health insurance schemes available to the Indian public are generally basic and inaccessible the vast majority of people. Therefore, there is strong case for increasing India's proportion of public expenditure to total spending on health considerably and thereby making the public health delivery system more broad based and effective.
Finance Minister’s proposals
Even a cursory perusal of the proposal of Mr.Chidambaram revealsthat there appears to be hidden agenda to help multinational companies
and Indian corporates. The proposal to amend tax laws tantamount to
violation principles of national justice and facilitate profit
maximization at the expense of public revenue. None of the measures
suggested by him will be beneficial to the general public. He has not
said anything about solving the the problems of unemployment, inflation,
food security. There is no mention about the likely measures to
reduce fiscal deficit. His roadmap for reversing last slide in two
growth rate does not include measures to invigorate the sagging
agricultural sector, particularly in the context of looming drought.
The neo-liberal package of measures proposed by Mr. Chidambaram
definitely lacks credibility and public support. He must reorient the
proposals so as to bring benefit to the common man rather than the
corporate sector.
Dr.C.Murukadas, The Hindu, Aug 8, 2012
Black money is one of the serious scourges facing India, which is acting as a stumbling block to unsure inclusive growth and development of the country. It is the root cause of growing inequality and deprivation. Any body who takes up the issue genuinely should be supported by all. The estimate of black (unaccounted) money held by Indians, both in India and abroad is estimated to be around $1000 to $ 3000 billion. The estimated black money stashed abroad by Indians and Indian entities varies between $500 and $1,500 billion. This huge amount has been appropriated from the people of India by exploiting and betraying them. If this huge amount of black money and property comes back to India, the entire foreign debt can be liquidated. And after paying the entire foreign debt, India will have huge resources to invest in development programmes and welfare measures. Dependence on FDI can be substantially reduced.