Wednesday, August 4, 2010

How to cut India's fiscal deficit? Stop paying taxes!

When the government got an unexpected pay check in the form of 3G and broadband auction payments it seemed like the fiscal deficit monster was finally on the way to be slayed.
But it seems our politicians never learn -- in any case why blame them; there is absolutely no pressure on them to perform or to stop the plundering of national resources.
Govt to gobble up 3G cash; wants Rs 50,000 cr more -- said rediff.com
So the more taxes we pay, the more we will be told every year that India is deep in fiscal deficit. While daylight robbery in various forms -- from the Commonwealth Games contracts to the iron ore mining in Bellary -- goes on unhindered.
Democracy was supposed to bring accountability to rulers. Here we see them exploiting differences in the ruled community to plunder away.
Is there no recourse for tax-paying citizens? Yes, just stop paying your taxes.
Demand that the government stop paying lazy and corrupt bureaucrats.
Well, it may sound like a steep ask, but it is not.
If the tax payers finally come together and demand accountability no government can hold out for long. It is time to do that instead of forking up cash every time a bunch of unscrupulous and effete politicians ask us to pay up.

Tuesday, August 3, 2010

Why are we still not showing the Brits their place?

Cameron flew ‘blind’ over Delhi?
Here is yet another instance of the British media trying to trash India. It is as if their prime minister was put to grave peril because a flight control system failed at the Delhi airport. The Brits really need to get out of their colonial hangover. It is as if such systems do not fail in their country -- just think of the SeaKing helicopters they sold the Indian Navy and were grounded almost immediately because almost every system in that chopper started to fail.
After being daylight robbers for centuries, and then having spawned the world with many of the geo-political conflicts in the world in their attempt to keep their superiority despite losing their empire, the Brits still think of themselves as the saviors of the world.
Such a puny country that has lived on the blood and sweat and food of billions of people, being allowed to continue with their gratuitous meddling in the world's affairs is beyond my understanding.
But then, they have been past masters of the divide-and-rule policy!

Monday, August 2, 2010

India's IT sector starting to roar again? Maybe not

So India's vaunted IT/ITES sector is on the roll again, media reports indicate. Q1 Earnings: TCS, Infy, HCL emerge as showstoppers - screamed an ET.com headline today. But is it all that rosy a picture? Is the IT sector about to regain the glory it lost once the downturn hit in 2008?
Rents in Bangalore, India's Silicon Valley, are still depressed. And it is rather easy to find vacant houses for rent in Indiranagar and HAL II stage, in the heart of the city -- unlike in 2008.
IT hiring is up, stats indicate -- but my talks with friends say those hirings are for freshers.
Salary hikes are not what they used to be; foreign assignments have dwindled.
Mid-level professionals are disenchanted; many feel under-utilized. Media going to town about India emerging as a global IT research powerhouse, professionals I spoke to felt they were still doing the repetitive tasks of a backroom operation than real, cutting-edge research.
My own gut-feel is the IT sector will never be what it used to be. It would sure be a job engine -- but that would be for entry level people; there will not be much that the sector can offer in terms of promotions or pay.