Powered By Blogger

Friday, June 28, 2013

Mute spectator

Photo: Hit Like  if you found it


The economy has nose-dived. The rupee has hit a low of 57.54 against dollar. There were warnings from experts that if the trend continued, and the Government failed to take remedial actions, the rupee may fall further to the dollar.
It is true that our political parties are busy building funds. They take little time to talk about the deteriorating economic conditions. Many think that their party is a private limited company and are hesitant to answer even an RTI query. Would the Congress party and the Minister in charge of Economic Affairs own the responsibility for the present deplorable condition of the economy?
The prices of all essential commodities have sky-rocketed. The Government, which is capable of restricting prices and checking the buying power of the rupee, stands as a mute spectator.

K. A. Solaman
e-mail, The Hindu Business Line Dated June 10, 2013
Comment
A Quixot
".....checking the buying power of the rupee...." One having no clue could only be curious to know what it is meant to say ! Instead, - should not the white (black?)-collared economists at large, as is widely being advocated for, come out with truly feasible and pragmatic measures . A point crying for upfront poser is, - it is not so much its buying power but is the money circulation itself that should be checked. In the changed circumstances, it is not the party or ministry that is answerable; but who must be regarded to be answerable is every one of the empowered authorities, entrusted with the duties and responsibilities as a 'public servant' , directly responsible to implement and enforce what any ‘rule of law’ in its profound sense provides or mandates. Digressing for a while, for instance, in the income-tax regime, who must be questioned for eliciting an upright answer, is the assessing officer. being the authority at whose level respect for the law, through implementation /enforcement of any statutory provision, both in its letter and spirit, is expected to begin. What inevitably to be asked is, - in case of any failure on his part to do so, it it not he, any erring officer, who must be visited with appropriate personal action. For, immunity or protection from personal action could, after al be claimed only if has acted “in performance of his duties”- not if he has failed to so perform ! For an appreciation in proper light, anyone so minded may have to go through the material galore available on websites , on the prevailing tragic state of affairs - e.g. in the realm of 'TDS' regime. Thoughts intended to be shared with a view to provoking like-minded others to do likewise , for ideas aimed at betterment of the law and order scenario. (Unedited / not elaborated- leaving it for anyone truly interested to do so)

No comments:

About Me

My photo
Alappuzha, Kerala, India
Powered By Blogger

Blog Archive