BIKASH
CHOUDHURY
Readers may excuse me for
proposing an extra-curricular regimen for the Babus in Central & State
Govt. at the end of six working days to lift the enthusiasm and an opportunity
for showcasing their inherent skills outside work with a game of Lawn Tennis,
Chess, Volley Ball, and Basket Ball and may be with an arrangement of sing and
dance. All of these could make them comeback on a Monday morning charged up to
push up those urgent files that holds the economy to ransom during the silent
premier’s time in last five years. Modi, the new PM is very active in social
networking and was very prompt in
meeting the top babus of Delhi and tried to inspire them to perform and cajoled
them with authority and responsibility in his own style; but, will it work?
Problem is PM does not work for money or to make a living; but, babus do. If
top Babus decide to work beyond the call of duty; then no body could stop the
Indian Bureaucracy turning into an engine of growth of our economy.
RBI should now throw the
conventional wisdom to the wind and summon enough courage to pad down the
interest rates by 125 basis points by the end of June 2014 to pep up the
manufacturing and real estate sector by making the cost of funds relatively
cheaper both for the supply and demand side; which should be able to start a
fresh investment cycle by the end of September 2014. But, before that RBI
should take the Bankers and Industry into confidence to creatively use the
policy to return to growth.
At the same time the ghost of
retail inflation could be partially addressed by improving the production of
fruits and vegetables at urban centers through roof top farming in the short
run. GoI could direct the fertilizer PSU to create a business model to deploy the household organic waste into
compost to raise urban roof top farms. Apart from reducing the pressure on
urban civic bodies on Solid Waste Disposal; this could actually create a huge
opportunity for urban and rural youth for gainful employment.
Indian Industry which is now heaves a sigh
of relief at the installation of a strong and stable Govt. at the centre must
also be ready to contribute on their own to the growth cycle of the economy.
Top 500 corporations of the country should immediately look inside their own
organization to spot new business propositions and potential entrepreneurs and
fund them in their own business interest and of the economy. IIT and IIM system could help the Industry with technology and business
model to complete the exercise with scale and speed that our new activist
premier is sold on. There are other short term measures that can be effectively
leveraged for improving export earnings like promotion of Indian Handicrafts
& cultural services (Indian style marriages and colorful Indian
festivals) through Indian corporate having overseas presence and Indian
Diaspora. MNREGA could be tweaked to include farming of Jatropa in each six
lakh plus villages in the country to produce enough substitute of fossil fuel
to knock of 25% of our energy imports; and in the bargain raise gainful and
sustainable employment opportunity in rural areas. Further, District Rural
Development Agency in each 500+ districts could be entrusted with the task of
micro economic management of their respective area for substantial improvement
of per-capita income. At the end, we may need to do a jugalbandi of Art,
Literature and music to lift our spirits and consciousness.
#Flat No: 105, Kalpatru Nivas
Apartment, Swarnapuri Road ,
Patia, Bhubaneswar-751024 India Mob: 9853426657 E-Mail: streben.marke@gmail.com Twitter: @
ideasofhope
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