The Reserve Bank of India (RBI) once again thumbed its nose at consensus street expectations by refusing to lower any of the benchmarks rates.
There are two different things. One is reforms.Second part, even where the government need not go to Parliament and where decisions have to be taken by the executive, files are not moving at all.
When the reforms agenda was prepared and presented to him, I G Patel told him this is what the economists feel for the good of the economy and country and corrective steps are required.
A large part of governance is facilitating the work you may or may not be directly involved with.
Sanjeev Nayyar says NGOs could stimulate thought by undertaking original, innovative research and follow up action in a socio-cultural-environmental-education context. Pratham is a very successful NGO in the education space.
Rajiv Malhotra serves on the board of governors of the India Studies Programme at the internationally famed University of Massachusetts and served as chairman for the Asian Studies Education Committee of the state of New Jersey.
Maja Daruwala, the executive director of the Commonwealth Human Rights Initiative, an international NGO based in New Delhi, suggests officials not to tar everyone with the same brush. Excerpts:
The Indian voluntary sector (or the NGO sector) is emerging to be a credible force in catalysing social and economic growth, particularly for masses at the ‘bottom of the economic pyramid’.
In the old days, leaders of NGO’s used to work in the field, dressed simply, lived in humble dwellings and had minimal salaries, sufficient for their most essential needs.
The roots of volunteerism lie in the very ethos of the Indian tradition, culture and understanding.
The remark by the Prime Minister of India to a magazine blaming foreign NGOs for protests in India against nuclear reactors and GM crops is diversionary and disturbing.
One of the noticeable strengths of India’s democracy are its Non-Governmental Organisations (NGOs), a voluntary action movement which is all encompassing in both quality and quantity. NGOs are firmly embedded in the country’s socio-economic life.
The Budget is an extremely important economic instrument. For one, the total expenditure is now about 15 per cent of the GDP. This is a huge portion. Whatever happens to the GDP also influences the budget. So that is one aspect of the totality of the budget.
Traditionally the Union Budget is the most important period of every financial year, not just for the government, but also for everyone else at the market place – from the multi-billion dollar Foreign Institutional Investor to the smallest retail investors who park but a few thousand rupees a year in the market.
There was a time when budgetary process was viewed as the exclusive preserve of policymakers and administrators and treated as a purely technical matter for expert consideration.