Saturday, February 27, 2010

India Union Budget 2010-11


Indian finance minister Pranab Mukherjee presented Union Budget for 2010-11 in Indian parliament on 26th February 2010. The budget was a well balanced budget as per the expectations, most of its key points were based on Development of India which were already discussed in last few days by media.

13th Finance Commission of India headed by Vijay Kelkar presented its report on 25th February 2010 in parliament. It clearly showed that India was firmly on growth track and suggested reforms to consolidate this growth rate for future.

Reducing subsidy and gradually decreasing stimulus measures that were taken by Indian government in wake of global slowdown is also suggested by the economic survey 2009-10. Indian government has already revealed its mood to take next step in economic reforms and was just looking for right opportunity to implement the same. Now, these reports have helped Indian government to take these firm steps at a time when political environment and conditions are in its favor.

This budget will help India to achieve its long term goal thanks to Finance Minister Pranab Mukherjee and Prime Minister of India Manmohan Singh. We must understand and appreciate there efforts to make India a global economic superpower in years to come. A news article published in Hindu 'Short term pains for long term gains' depicts this story.

Highlights of Union Budget 2010

1. New Income Tax Slabs : Putting more disposable income in the hands of every Indian (who is far above the poverty line).

2. Raised fuel prices : Since friday 26th fuel prices of petrol has been raised by 2.71 and that of diesel by 2.55 per liter. The actual price that a consumer will pay depends on local taxes one has to pay. 

Fuel prices in India are artificially controlled by Indian government and they do not represent the actual global fuel prices. 

This price rise is to accommodate 5% custom duty on crude oil and 7.5% duty on diesel and petrol. This is something that Government has been waiting to implement since last few months but was unable to do due to political compulsion from opposition and partners.

It is sure to fire price rise on one hand but will help Indian economy in long term (and may be in near future). One must support government here for a wider economic stability of the country. Now, we have to see how and when government takes such stand on LPG.

Rest of the first hand information on Government of India Union Budget can be had from NIC (a website owned by government). This is all in todays edition of About India Today.

Sunday, January 31, 2010

Rising Living Cost and Cost of Basic Amenities in India


Living cost in India has been constantly rising along with the cost of basic amenities. This is also an indication of rapidly changing lifestyle in India. Today our lifestyle in India is based on the market, available products, there prices which have penetrated every sphere of our every day life.

It is really ridiculous that on one hand basic cost of living is increasing whereas cost of lifestyle products, luxury items is decreasing. Food prices are rising, cost of fuels is also increasing whether it is for cooking or transport, rates of power are also increasing. Today every Indian is directly influenced by the market and markets have a greater role in shaping our lifestyle today then it was a decade ago. Today every household is directly or indirectly dependent on market, its supply, its products, its prices. Markets today influence decisions inside our house, they decide our life, our level of satisfaction, peace of mind, everything.

This is true for every middle class family and families living below this line. Survival of a common man has really become very difficult. Hand to mouth lifestyle has made there life a unsolved puzzle. Most Indian families and there members think that increasing there earnings, making more money can solve this problem forever but they are wrong,

Today our consumptions are not based on necessities but on availability of products in local market or tele-markets and our individual disposable income. Offers, discounts and sales surround our life from every nook and corner. If we watch TV then commercials are ready to draw our attention, if we love to walk or travel then our roads, highways are filled with all sort of banners and writings. If we love to read books, magazines or newspapers or listening to radio they all provide suggestions on what is good and what is not and where to spend money. Every space is used to exploit our emotions, feelings with a piece of product or service.

Products and services in the market try to provide solution for every problem including family problem, health problem, success in life, improving life and everything. Although cost of each of these products and services is decreasing day by day which makes them more attractive but the number of products or services that we used earlier and now have increased tremendously thus actually making things difficult to manage. Modern payment processors have made it possible to pay/purchase anything, anytime from home or office using any one from a number of payment options like credit cards, debit cards, net banking, pay on delivery, phone banking, cash cards etc.

Today every Indian is purchasing/consuming a number of products/services which he/she may not actually need. There attractive prices and promise to provide an excellent solution conveniently is also a reason which cannot be overlooked. This trend is actually increasing at an exploding rate from urban to rural and even remote places of India. Those who cannot afford a major brand can easily find an alternative cheap imitation.

BASIC NECESSITIES ARE NO MORE CHEAPER IN INDIA
Basic necessities of life like good food, clean air to breathe and pure water to drink, harmonious family environment, peace of mind, satisfaction in life are no more cheaper in India Today. The traditional Indian lifestyle is a history, although products and services based on that theme are available at a price.

Simple living and high thinking is now an expensive idea that nobody is willing to entertain. First it is not easy to get isolated from surrounding competition and mental tension. Rising food prices have made life of a common man tough. A number of food prices have recently seen an unprecedented rise. Sugar itself has jumped from 15-20 rupees to 50-60 rupees per kilogram. A common man cannot predict his monthly household expenses for next month cause prices are unpredictable it is not only the prices of commodities but prices of vegetable, fruits, milk and other household items also make there presence and importance felt from time to time. Our government and ministers give various reasons for this uncertainty, may be some of them too are involved in this match fixing. There are definitely some who take advantage from this volatility for profit booking and we cannot deny that on a number of occasions these are artificially created.
A situation questioning survival of a common man, of families working in small and medium businesses, labors is just another business opportunity for some businesses/politicians/bureaucrats. They can't understand the dilemma of a common man an Indian with a modern lifestyle. They don't know or care that these circumstances can be a question of life and death for some people, it can put a number of Indians in embarrassing situation, families with children and senior citizens in trauma.


Today one can talk to anyone across the country at 1paisa/second as we have one of the lowest tariffs for mobile telephony. One can fly from one location to another at an unbelievable price (air fares are competitive too). One can get branded personal care product from Re1 onwards. A car for Rs 1 Lakh (Tata Nano is worlds cheapest car available today). This is the story of our latest developments in science and technology. 

One another side a country which is primarily agriculture based, a majority of its population still depends on agriculture is not able to maintain food prices, prices of essential commodities within limits. Who is responsible, what is the motive behind this. Thanks God that India is a democracy, with a number of political parties, each of which tries to show its sympathy towards voters, they know they have to face elections and they also know how to get close to voters with an issue.


On the issue of rising prices our agriculture minister Mr. Sharad Pawar had said "I am not an astrologer" in 2nd week of January 2010 (watch this news video below) and later when he was under political pressure he said that Prime Minister and cabinet are equally responsible for this for details read Pawar's wings clipped at IBNLive News.





Is this the answer that we expected from our Union Agriculture Minister and minister of consumer affairs on rising food prices and cost of living in India. Or our government should hand these ministries to some astrologers (India has many).

Tuesday, January 05, 2010

Rising Food Prices Is A Global Phenomenon

Rising food prices is not a recent problem faced by India alone, but its a global phenomenon, which is getting grimmer with each passing day. There are so many causes and reasons which are responsible for this problem.


Today most of the natural resources are controlled by men and our mentality today is to make efficient use of every natural resource i.e. we are trying to use things at there maximum capacity without even thinking about the consequences that the whole world will have to face in case we loose this control due to any reason.


We are already aware of scarcity of water and now its food which is now being used for power generation as an alternative to fossil fuels. This is just a trend taking place and once it is adopted globally we can see a really critical situation. One can read a insightful article on Rising food prices at hubpages.



Last year a news was published in which US President George Bush blamed India for rising global food prices. India has a vast middle class which is expanding at a rapid rate and this middle class now needs better nutrition and food. May be this is partially true but what is Indian Government (i.e. its system) doing. They know what is going on and must have plans to meet any unforeseen circumstances. We cannot depend on imports as they may or may not be available in future as per our requirement. We must have our own dependable food policy which can guarantee good security to every Indian. (Read more in Bush blames India for rising food prices)


Today food prices in India are moving up and down like stock prices, which was never there in Indian history. People below poverty line and those who are working in small organizations, firms etc are clueless.

Tuesday, December 22, 2009

Rising Food Prices in India



Today every Indian is worried with the rising food prices. Some months back the prices of fruits and vegetable were touching sky now its other food items including sugar, onion, pulses etc. Prices are not stable they are fluctuating like stock market, nobody can predict there next move.


There are so many reasons and factors that are effecting food prices and must be controlled in future but what about the present, a part of India is still living under poverty line. The data available with government isn't always reliable and may not include the names of deserving families which do not have enough supporting material to prove there poverty.


Some of the factors that I feel are responsible for this phenomenon  rise in food price are :-
  1. Decreasing Agriculture Land : High quality agriculture land which was well irrigated and was a good producer and employer is now a high priced commodity. Builders are purchasing these lands for commercial purpose, residential flats, shopping malls, hotels, petrol pumps, industrial setup etc. There is nobody who is ready with a long term perspective, immediate profits are the motive behind such moves.

  2. Exports followed by Imports : There have been many instances when a commodity was first exported and when the prices rised beyond control the same commodity was imported at a higher price. I can remember 1998 when prices of onions touched the sky. Even today we may get some clues of this.

  3. Black Marketing : This is not new, at least in some places in India.

  4. Interest of Multinational Companies in Commodity Prices and Commodities : Today India has a big market for FMCG and confectionery, these companies are also purchasing and stocking food items in large quantity to maintain there costs and profits.

  5. Poor foresight of Indian Executives : Executives are faces which work behind every minister and ministry. They are permanent, high knowledgeable and well informed about there role for India. They control moves of every minister as a minister depends on there inputs. If are executives can spare a little time to design program-mes with long term benefits and inspire ministers in this direction (as some of them are already doing), then we can easily overcome most of the real problems faced by India.
Figures of India economy and stock markets are not the only scales to measure well being of every Indian, there are many other things that are important and play crucial role in deciding future of India and a common India, rising food prices is just an occasion to look back at what have been happening, our policies and agenda.

Tuesday, November 03, 2009

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Tuesday, September 29, 2009

Can China Apply Brakes on India's Progress



India is a good neighbor and serious competitor of China. There are a number of similarities as well as differences between India and China as both these countries are ancient civilizations.  China is an aggressive country, they implement there policies aggressively whether its there internal matter or external.


Right now I don't have time to discuss this and hope to write more later, anyway here are the important links to different phases of this story:


  1. India or China who will Prevail :  This is an article published on CNET News in March 2007.

  2. Is China Trying to Break Up India : Another article published at Hindu Voice UK.

  3. India's Flawed Stance on China and Tibet

  4. Break India Says China's Think Tank : This is an article published in IndiaTimes on 12 August 2009 followed by a discussion on its blog 'Wake Up China Wants to Break India'


Only thing I'll like to add here is that this threat is not new and we are still not prepared for it. I hope to write on this issue of India Vs China as this is a really serious issue and still not in the priority list of Indian Government. I feel Indian government should consult Mr. Atal Bihari Vajpayee who has a better understanding and experience to share.


Why India Hates China?







Why China Hates India?

Friday, August 14, 2009

India and Swine Flu

Swine Flu Pandemic in India


First Case of Swine Flu in India
Swine flu which started from Mexico, some months back has now reached a number of Indian cities. The first case of Swine Flu (H1N1) in India was reported in 2nd Week of May in a 23 old year man who arrived at Hyderabad airport from America.
Read more at 'India has first Swine Flu Patient'


First Swine Flu Death in India
The first death due to Swine Flu in India was reported from Pune where a 16 year old school girl who has not even traveled abroad died on August 3, 2009. The girl was admitted to hospital on 27th July and was undergoing treatment, was tested positive for H1N1 Swine Influenza only on 31st July when her condition has deteriorated. She was given treatment for Swine Flu only after 31 July i.e. for last three days before her death.
Read more at 'First Indian swine flu casualty, Pune girl dies'


Current Statistics of H1N1 Virus in India
Today Swine Flu has reached a number of Indian cities, death toll too has reached 24 across the country, out of which 15 are reportedly from Pune itself.
Read more at 'Swine Flu Nationalwide Toll Rises to 24'.

How is it spreading at such a rapid rate in India and globally?
This virus has traveled to India and the world from Mexico. It was at first detected in Mexico in March 2009 and since then it has spread to a number of countries including India.


Why is it spreading so fast?
There can be so many reasons for this rapid spread. The No.1 reason is frequent travelers who move from one city to another. People carry H1N1 virus with them from one place to another. We have failed to properly quarantine every confirmed case of Swine Flu. If we don't take precautions now then it can be a sever problem for the Nation which is already struggling from drought.


Don't Panic Prevention is the Answer
There is no need to create panic, we can control its spread by taking appropriate precautions and can even get treated successfully. There are a number of people who were found to be H1N1 positive but they have now recovered and are alright. So, don't be negative. Government is doing what it can do with its limited resources. Its now time for vigilant Indian citizen to show there support for the country. Don't blame anyone at least at the moment when things can go out of hand. We'll definitely get time to do that later.


Protect Yourself from Getting Swine Flu i.e. H1N1 Influenza
Read this WHO report on how we can protect ourself from this influenza?

Further Study and Reference


  1. 2009 Pandemic by Country at Wikipedia
  2. Swine Flu Pandemic in India at Wikipedia - frequently updated
  3. Global Swine Flu Coverage by Reuters
  4. Swine Flu at Wiki Current Pandemic and more about types of Swine Influenza
  5. Facts and Views on India Today : This blog
  6. Yoga Can Cure Swine Flu -Baba Ramdev
  7. Precautionary Ayurvedic Remedy for Swine Flu - Baba Ramdev
  8. Swine Flu - FAQ - Top 20 Questions and Answers



I hope you'll benefit from this post on Swine Flue in India, you can comment to suggest improvements.