YOGESH THORAT

N otwithstanding the all past scandals and scams which not only paralyzed the functioning of the parliamentary bodies but also tarnished the image of India on global stage, intellectuals again started the fresh debate on various issues in context of fast of the anti corruption crusader Anna Hazare for the most contentious Lokpal Bill. This debates and discussion are endless but reality and dire fact is that democracy is definitely murdered by its protectors. As a world’s largest democracy, India sets exemplary for the rest of the democracies in the world. Henceforth it is onus of the pillars of this democracy to give apt message. But recent series of the events has definitely raised very crucial and vital issues. Firstly, what is the Role of the civil societies in the formation of the law? Parliament is the highest constitutional authority of this nation which is absolute in the formation of the law and order. Since standing committee invites the comments from the publi...

A dam Smith in his book ‘Wealth of Nations (1776)’ argued that “Government being an elephant can’t fly at all”. He did not argue that government does a poor job in running the economy. He argued that Government, by its very nature, cannot run the economy, not even poorly. This is relevant about what PM Dr. Manmohan singh told in his first formal media interaction since a series of scandals rocked his government late last year. At least three times during his hour long interaction, the PM lamented on “Compromises” which are unavoidable in running a coalition. He also admitted there were many things that didn’t go with his outlook. “The things are not entirely the way I’d like them to be" , Singh said at one point. We now understand why there are some things government by its very essence, cannot do. And even for the thing government can do, conditions must be right. First limitation of the UPA government is that it is not corporate house. Because on his performance PM said that...

After a long quest, time has come to reap the benefits of earlier investment in education and continue to develop the skills needed for the productive livelihood. It is great challenge for anybody to transit from student life to labour market. This transition phase is also very crucial because most learning occurs at the beginning of the work life, initial experiences can have long lasting effects. Almost all our friends may have left school earlier than us and entered in a new stage of life- some to begin wage work, some to engage in family business, some to form household and raise families & some to do combination of these activities. But we are enough lucky to get opportunity to study in reputed institutes and to learn a lot. Hence we should be ready to face the transition phase of new life. Now we should pray like a Chinese student mentioned in the World Development Report 2007: Development and Next Generation – “I am positive for my future. I am sure I will find a job s...

Recently Rahul Gandhi delivered a lecture to the farmers’ son studying at PDKV, Akola and understood the real problem of the farming community. Opposition may say it a political stunt and INC people will take it as a “feel good” factor but really such kinds of events are much beyond that. Rahul Gandhi’s speech and interaction with the students reflect not only his dream to build a powerful India but also good citizens in the country. His message was clear that young generation should come forward with answers to the local problems to prosper the nation in social, economical and political aspects and this should be the reason for them to join politics. He said that at national level, policies are in favour of the agricultural sector but only the schemes and packages without corruption can help the farmers. Decentralization of the development from cities to villages is one of the solutions for poverty alleviation. Such kind of interactions of the national leadership with young gene...

Dr.DuvvuriSubbarao, Governor, Reserve Bank of India delivered C.D. Deshmukh Memorial Lecture at Council for Social Development, Hyderabad on August 5,2010. He raised five question and shown that how crisis has possibly thrown new answers. Q. 1. Have emerging market economies (EMEs) decoupled from the advanced economies? Pre-Crisis-An Increasingly Assertive ‘YES’ Post Crisis- Q uite Nuanced Q.2.Should central banks persist with pure inflation targeting? · Pre-crisis- An Increasingly Confident ‘YES’ · Post-Crisis- An Increasingly Qualified ‘YES’. Q.3.Should financial stability be an explicit mandate of central banks? · Pre-Crisis- No Answer · Post Crisis- Mostly ‘YES’ Q.4.Are controls an appropriate mechanism for managing the capital account? · Pre-Crisis-Largely ‘NO’ · Post Crisis- Qualified ‘YES’ Q.5.Has fiscal dominance of monetary policy ended? · Pre crisis-‘Hopefully’ · Post Crisis-‘Ho...