The Political Slugfest and Political Turning point
By: Amit Bhushan Date: 23rd Dec. 2016
We have a rush of discussions on Political opinions especially on Demonetization where there seems to be no dearth of opinions on either side. (http://www.managementparadise.com/article/9096/the-new-curbs-on-old-notes) Basically, we have situation of low level growth in Cash-less (just 3x to 4x, rather than required 15x to 20x), deemed low focus on rolling out incentives for the same in the initial phase and leakages of ‘Cash’ from banks including queues at bank phenomenon. So political focus on demonetization stay including rather miniscule unearthing of the black monies, rather than benefits from Cash-less and better compliance et al. And then we have cacophony of charges and counter-opinions. We seem to have a rather curious consensus on the top regards some 50 odd family’s patronage as a must for the survival of the national level netas. What the communication may still not be telling is that we have a next level revelation of some next 150-250 odd families, who may be having some decisive say at different levels of governments and their banking/contracts/policy-mix priorities. Let’s see how the competition for the states with several state level parties competing brings out. Their side of the ‘game’ revelation is still not heard and the journos therefore are still rightly not considering these parties to be in the ‘game’.
The ‘intellectuals’ quite steadfast in ensuring public about robustness of banks seem to have gone for a holiday and the situation is likely to remain so at least till the elections are over. The state level issues related to public works or licensed businesses or government employment related woes or mining leases, seem yet to be raked for any of the states or by any of the parties including the Common People’s party. This is where the competition seem to be headed but with strong barriers as political champions seem quite cagey to raise hackles amongst the influential sections. That they need support of legal fraternity as well as from strong backing from those in administration is obvious. It is with administration that they find dealing with as almost impractically difficult as even with the Right to Information, usually very little actionable information seem to be forthcoming. And tedious court procedures almost always ensures that those in power would get away riding of support of the democratically elected. Despite the fact being known, improvement in capability and capacity of the Judiciary seems to be on no one’s agenda, including all those Neta’s making noise. It is here that the ‘game’ has had little impact except for that the Apex court striking a unanimously passed statute for good. May be with the current hype the court should consider making the names of the bank defaulter’s, public. This is because the cloak is increasingly seeming to be worn out although very few would admit it.
By: Amit Bhushan Date: 23rd Dec. 2016
We have a rush of discussions on Political opinions especially on Demonetization where there seems to be no dearth of opinions on either side. (http://www.managementparadise.com/article/9096/the-new-curbs-on-old-notes) Basically, we have situation of low level growth in Cash-less (just 3x to 4x, rather than required 15x to 20x), deemed low focus on rolling out incentives for the same in the initial phase and leakages of ‘Cash’ from banks including queues at bank phenomenon. So political focus on demonetization stay including rather miniscule unearthing of the black monies, rather than benefits from Cash-less and better compliance et al. And then we have cacophony of charges and counter-opinions. We seem to have a rather curious consensus on the top regards some 50 odd family’s patronage as a must for the survival of the national level netas. What the communication may still not be telling is that we have a next level revelation of some next 150-250 odd families, who may be having some decisive say at different levels of governments and their banking/contracts/policy-mix priorities. Let’s see how the competition for the states with several state level parties competing brings out. Their side of the ‘game’ revelation is still not heard and the journos therefore are still rightly not considering these parties to be in the ‘game’.
The ‘intellectuals’ quite steadfast in ensuring public about robustness of banks seem to have gone for a holiday and the situation is likely to remain so at least till the elections are over. The state level issues related to public works or licensed businesses or government employment related woes or mining leases, seem yet to be raked for any of the states or by any of the parties including the Common People’s party. This is where the competition seem to be headed but with strong barriers as political champions seem quite cagey to raise hackles amongst the influential sections. That they need support of legal fraternity as well as from strong backing from those in administration is obvious. It is with administration that they find dealing with as almost impractically difficult as even with the Right to Information, usually very little actionable information seem to be forthcoming. And tedious court procedures almost always ensures that those in power would get away riding of support of the democratically elected. Despite the fact being known, improvement in capability and capacity of the Judiciary seems to be on no one’s agenda, including all those Neta’s making noise. It is here that the ‘game’ has had little impact except for that the Apex court striking a unanimously passed statute for good. May be with the current hype the court should consider making the names of the bank defaulter’s, public. This is because the cloak is increasingly seeming to be worn out although very few would admit it.