Archive for the ‘economy’ Category

The royal enigma

May 8, 2014

Dilip wants to release his sex video, before he releases his first book. This is how it will work for writers too, he thinks. Nawin scoffs at his idea of writing and finds his fondness for the stuffed animal bodies in a library in Kathmandu repulsive. Both are aging without having made any mark on the literary world. The world is in a literal flux, with terrorist attacks and attacks on terrorist targets dominating headlines every day. In The Royal Enigma, Krishna Bhatt tries to take a note of it all. He looks baffled at times, clearly overwhelmed by the enormity of world and people around. At times he is successful in telling a story sensitively. Like that of an old woman, alone taking care of her middle aged, mentally invalid son. It all makes an engaging story, however.

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Mandela and Mugabe

April 29, 2014

Mugabe was opposite of Mandela. Mandela allowed the colonials to control the wealth and resources of the country, while the natives had their freedom. Also he made some humiliating compromises in TRC, which allowed the most heinous crimes of the apartheid regime go unacknowledged. For it he won the Nobel and other accolades. Mugabe did the opposite. He snatched the wealth and resources from the colonials and distributed them among natives. Recently, it became public that he gets only four thousand dollars a month as salary and has no account in a Swiss bank. He rightly said that he deserves the Nobel prize. The academic world can not ignore Mugabe for long. The way he survived the protracted economic sanctions will be a subject of research. Also, many former colonies should take a leaf out of his book. To learn how to become truly independent. Any University worth its name must hurry to honour him.

The post colonial history of Zimbabwe is unlike any other country. This unique experiment of doing away with colonial institutions and replacing them with indigenous should be studies closely. For it the Zimbabwean should be proud of their country and its leader. Having a dispassionate debate about this nation is almost impossible as the economic sanctions making life of the country arduous. Mugabe survived all it. So he is no common leader. As I said, in the times ahead it will become more obvious.

The unsolicited advice

April 28, 2014

WB and IMF officials have gone jobless here, as Nepal no more needs their money. They are criticising the government policies, which resulted in rendering the economy one of the healthiest around.
Recently they are advising the Nepal Rastra Bank to not reduce the disparity in the spread rate. The banks here are highly profitable for the good of the economy and have eschewed investing in the manufacturing or developmental sector. They are willing to finance either the real estate or automobile purchase only. So they are sitting on a pile of cash.
In such a scenario, IMF and WB should not lobby for the Nepalese private banks to increase their profit.
But they are probably securing their job in the future.

You do not refer to history books to find the truth, but you read the fiction of the time.

April 11, 2014

http://thetroubledoyster.blogspot.com/2013/12/the-royal-enigma-unforgettable-tale_26.html

An IMF man

April 6, 2014

Of all the people, a former IMF official is now the governor of Reserve Bank of India. It sounds very intriguing that English media is trying to build an image for him. Kejariwal will find a lot of things to clean, if he gets into power.

Arvind Kejariwal and Indian general elections

April 1, 2014

Arvind Kejariwal represented a change in Indian politics. He has shown the courage to join it unlike his mentor Anna Hajare. Hajare has the probity of a saint around him, which can be only compared to that of Gandhi. But he has shown no inclination to join active politics and is happy to remain an activist. Also, he has not fully accepted Arvind as his protegee.
A problem with former bureaucrats is that they turn to populism in no time. Kejariwal too offered to reduce the cost of power to half, once he became the chief minister of Delhi. (An office he could not retain for long, for the political imperative of a country like India stretched him too thin.) Power is chronically deficient in India. So it leaves a gap in his understanding of Indian politics and it needs. Because he can not outdo the existing politicians in the competition of looking more populist.
Elections are due in India soon. After nearly seventy years of democracy, it has roughly seven hundred million people living below poverty line, though it’s media prefers to talk about the seventy billionaires it also has. Nearly two trillion dollars have escaped from India to safer heavens in EU nations or the USA, while the media here talked about the benefits of a free economy and reforms, during the last twenty five years. Had there been policies to prevent that, the picture of Indian economy has not looked so poor. So the list of policy failures, deliberate or otherwise, could be very long.
But this can not go on like it for long. Politicians like Kejariwal inspire hope among the people tired of endless unfolding of corruption scandals, irrespective of the party in power at the center. India matters to the world for its economic potential and its survival so far as a democracy, in spite of a stunning diversity. Rightfully, it is getting the due attention in recent days. The outcome of its elections are of seminal importance to the world powers, engaged in an ugly confrontation in Ukraine now.
May be, if Indian people vote him into political significance that may prove lasting, in the next general elections, Arvind kejariwal has a potential to create change in a society which so badly needs it. It is asking too much from a single person but often a single person makes all the difference in India. Young and charming, and untainted so far, Arvind has a lot to learn and nothing to lose.
Had he not been there, the Indian elections might have looked routine this time as well.

Press freedom

March 13, 2014

India is a little ahead of China in Press freedom. But BBC is a sold out thing.

http://www.bbc.co.uk/mediacentre/proginfo/2014/11/ws-indiapressforsale.html

Rich, poor and democracy

March 8, 2014

There are 700m poor for 70 Indian billionaires. So much for democracy and welfare economics of Amartya.

The British revolution

March 1, 2014

The British ambassador says Nepal is receiving $100m dollars from Britain every year as donation. It goes mostly to employ mainly the British people here. The Nepalese coffer is full of money extorted through taxes. Which did not disappear in the vortex of corruption because the stake holders called politicians keep on bickering on how to share it.
In Britain hunger deaths are being reported now. By the logic of Amartya Sen, there is no democracy in England. It is time to shake it up all. Britain today is mainly the destination of laundered money, unlike Germany, which is a genuine industrial power. If Scotland breaks up, it will give a new twist to situation. So used to making and unmaking nations elsewhere, Britain seems ready for a revolution finally, which will make it a modern nation.

WTO Bali round

December 4, 2013

WTO was a non starter all the way. It assumed that by lobbying with the governments in power the developed world could con the developing. It should be not discussed any more. Without it the global trade in recent years has flourished like never before. Any unequal, binding agreement like WTO might have only impeded it.
Noncompetitive European nations will lose the trade war with a country like China, which will exact technology transfer through arm-twisting. No future trade agreement should try to protect the noncompetitive.