Showing posts with label India. Show all posts

How the Politics of Corruption Will Ensure a Third Term for Dr Man Mohan Singh as India’s Prime Minister.



Monumental ignorance of its politicians like Akin, Palin, Ryan and Romney, exposed through their statements, shape public opinion and the course of the presidential election in the US.

In India, the ignorance of the electorate and their inability to grasp complex issues, which the political opposition try to capitalise to portray Prime Minister Dr Man Mohan Singh as India's most corrupt leader, are likely to get him elected for a third term, despite his reticence to fend off unethical and motivated charges of corruption.

In all fairness, the eighty years old Singh, who boosted India's growth rate by bold fiscal action and little ado, must be looking forward to a quiet life at the end of his term ending in 2014. However, the bizarre Indian "politics of allegations of corruption" is shaping and fostering a third term of incumbency on this reluctant economist, who the rest of the world look towards as a Guru and an honest man.

Will Harvard Boy Chidambaram Make India The Promised Land Again for American Business?




There are ways to test the worth of things. But the means of real tests are always harsh and bruising like the touchstone on which you rub your gold nugget to see if it is genuine. For Harvard, the proof of the pudding is when its alumni get roasted in the harshest ovens of real life business and come out shining.

Palaniyappan Chidambaram, an alumnus of Harvard, is about to prove his worth with another stint as India's Finance Minister. But in his case, his nemesis and his biggest distracter is also an ex professor of Harvard, Dr Subramanian Swamy.

The problem is that, to gain the confidence of foreign investors, Chidambaram has to find ways to arrest and reverse the powerful negative trend in India's growth which has ended up in a yawning gap in the nation's fiscal balance and high inflation, left behind by his predecessor and the new Indian President Pranab Mukherjee. Perhaps this was also the main reason behind the decision of the UPA leadership to project Pranab Mukherjee as the presidential candidate.

Moreover, since his last stint, despite the confidence of the political leadership he enjoys and repeatedly publicly proclaimed by the Prime Minister, Chidambaram is confronted with a variety of allegations from electoral tinkering to corruption.

While being the country's Finance Minister, Chidambaram has also to fight off extreme political attacks and damaging allegations of corruption, pending legal scrutiny in the courts, which Dr Swamy and the main opposition BJP are spearheading, making his task really daunting for any politician.

To be fair to Chidambaram, he has already been credited with some convincing reforms to India's archaic investment framework during his stint as the Finance Minister during the previous government of the United Progressive alliance of Sonia Gandhi.

Though Chidambaram had to leave the position in the Finance Ministry with an unfinished agenda in the wake of the 9/11 Mumbai Terror attack to take over the Home Ministry, at the behest of the party leadership, unfortunately, no one gives him the credit for stabilizing the country's governance and internal security with swift and decisive actions. Like everywhere good acts in politics have no rewards in India too.

However the impressive measures of modernisation and reforms he undertook as the finance minister is much recognised by the foreign and Indian business community.

In fact this is the main reason why the sentiment of foreign investors has been boosted raising the NIFTY a couple of hundred points since his elevation, from the beginning of the month, as the Finance Minister by the Prime Minister Dr Man Mohan Singh.

Though the political baggage he has to carry is making his task of putting the country's economy back on track extremely hard, his task is in fact not only important for India and its future but is vital for the survival of the UPA and its success in the elections to be held in 2014.

It is this imperative against which Chidambaram's mettle being tested which makes his actions and steps so vital to the world investors looking for successful business in India. It looks like the UPA leadership has realised that it is time for decisive action if the government has to expect another term after the next elections. This will certainly strengthen the hands of the new Finance Minister, giving hope to the investors in India and abroad.

However, a host of other issues from land reforms to mining and power generation which are outside of the Finance Minister's control also need to be sorted out on extremely high priority, which will decide Chidambaram's success in turning the economy around.

So far, it looks like Chidambaram has been successful in boosting the sentiments by quick and decisivemeasures and steps everyone has appreciated. Whether he will be able to carry through the political anarchy which modern India is turning in to through the so called civil society and anti corruption movement of Anna Hazare and others is a matter to see.

If what Harvard instilled in the Finance Minister by his education will stand him in his seemingly gargantuan tasks of being decisive and taking assertive actions in the face of furious opposition, the world famous university can really be proud.
Friday, August 10, 2012
Posted by Unknown

Is There Anything Mitt Romney Can Learn from India's Anna Hazare Movement?


Anna Hazare has proved to be the modern Don Quixote of India. Your life is only worth as the cause you stand for and legitimate action by the government can wipe out your cause. That is what Anna Hazare movement eventually shows the world. If America's Mitt Romney has taken up any cause and is counting on it to win the election he has to make sure it won't be gone in thin air, come November.
Like any other consummate politician who he claims he isn't, Anna Hazare took on an opportunistic fight against corruption when an avalanche of perception of rampant corruption was engulfing India and its UPA government, led by the Congress party.

A year back, negative public sentiment, fanned by a series of presumptive allegations by India's CAG of loss of billions of dollars to the government due to corruption, gave Anna Hazare a cause worth giving his life for. The protest and agitation by Anna Hazare, who went on a fast for several days, forcing the Indian parliament to agree to enact a bill, caught the attention of the world by the mass following it generated.
However, a year own his attempt to rekindle the massive public support he had has fallen flat, with hardly a fraction of the masses coming forward to support his fast and forcing his gang to adapt the path of politics to achieve their goals.
So what has happened even as the proclaimed cause of removing corruption from the public life remained unresolved?
The problem was, like Don Quixote, Anna and his gang were trying to tilt his imaginary windmill of corrupt government whereas the real cause lay in the staggering inequality in education, healthcare and housing of urban population, heightened by the influx of massive amount of foreign investment in recent times.
The influx of easy foreign money has since abetted, even retracted with several billions of dollars withdrawn from the Indian stock market on account of falling confidence and global crisis. The reality of faltering growth and unemployment has dawned on the Indian urban elite making Anna's life not all that important to save at any cost.
Perhaps, more importantly, genuinely honest actions of the government and the political leadership to let law take its due course, which saw several high profile ministers and business leaders involved in corrupt practices behind the bar, had a much more sobering effect on the public sentiment as well as anyone prone for corruption.
Though this has not vastly changed the corruption faced by the people in day to day life, several high profile politicians and administrators all over India have been pulled up, giving a common feeling that, after all serious governments can do with existing laws to act against corruption.
Though a series of faux pas by Anna Hazare and his team over the year might have eroded the credibility, this general impression of positive government action may have more do with the evaporation of the mass support for Anna Hazare.
Of course there are no comparable issues in the American public life Mitt Romney can declare to undertake a fast for which will turn millions in his support. Corruption, nepotism and related evils, which get promptly punished whenever exposed, are a way of American life everyone has taken for granted. Mitt Romney's fasting is not going to change much.
However on issues like the Obamacare, which Mitt Romney has vowed to repeal, he might find the hard lesson from Anna Hazare that a cause can disappear over time, worth taking note of.
Given that the presidential aspirant of the GOP has numerous other issues like his taxes and those related to his employer to convince the American public about, this may not be important to him. But for the world who is keenly watching his steps abroad and see only faux pas whether it is with the British Olympics or his recent visit to the Middle East, a scenario of a landslide victory for President Obama, already being talked about, will be more reassuring.


Saturday, August 04, 2012
Posted by Unknown

Was Satyendranath Bose Merely Lucky to Have the Bosons Named After Him?


Do you know who discovered Oxygen? Even though you know Oxygen is all around you and that you will die without it, you probably would have died without ever knowing who discovered it. That's because no one bothered to name the gas 'Scheelgen' after the Swedish Pharmacist Scheele, who is widely credited with its discovery. (The credit is usually shared between the Swedish pharmacist Carl Wilhelm Scheele, and the British clergyman Joseph Priestly.)

However, with a week which passed by, in which the world media was inflated with Higg's Boson, you are more likely to know the Scottish Professor who predicted the existence of the 'God Particle' which was named after him and that Boson itself is named after Satyendranath Bose of India, who predicted, nearly a century back, the existence of a group of sub atomic particles called Bosons.
While much of the media focus itself was on the 'God Particle', very little has been mentioned about the work of Satyendranath Bose, which had far reaching implications on the advancement of particle physics which has lead up to the investigation to find the Higg's Boson. If Bose hadn't postulated on this group of sub atomic particles, we might have been, in all possibility still a long way from finding the God particle.
Was Satyendranath Bose Merely Lucky to Have the Bosons Named After Him?
Though India and the Indian Government had recognised his greatness by awarding him various honours and positions while he was alive when the Nobel Committee itself had failed to acknowledge it, Bose remained a forgotten name, unknown to the new generation Indians and to the world at large, until the discovery of the God particle, announced last week.
In fact, after his death in 1974, the Indians and most of the world outside scientific community weren't aware of his contribution or achievement. A couple of generations have never heard of him. This was mainly due to the very esoteric nature of his work and contributions to science, which not everyone can understand.
It took a Genius like Albert Einstein to recognise the Genius in Bose and eventually jointly produce scientific contributions like Bose - Einstein Condensate in particle physics. Perhaps the most important of all work of Satyendranath Bose is his short paper with statistical postulations on Max Planck's quantum Mechanics, which Einstein recognised as explaining a gaping hole in the theory and which predicted the existence of sub atomic particles called Bosons, later named after him, in recognition.
Respected Sir, I have ventured to send you the accompanying article for your perusal and opinion. You will see that I have tried to deduce the coefficient .. in Planck's law independent of classical electrodynamics.
What makes Satyendranath Bose the greatest scientist India has produced is his mathematical prowess, a record not broken in the University of Kolkota where he did most of his work, which he applied to postulate his theories about the nature of a set of sub atomic particles, no one had ever seen, until after several years. His greatness, like that of Einstein and many other eminent scientists of the past, lies in the fact that most of his work was done in his own god given faculties, in a world which had no computers, software or internet, and in a country far away from Europe, where the mainstream scientific advancement was taking place.
Part of the reasons, other than the implicit difficulty to explain his work to the people, why Bose was not universally recognised or given a Nobel Prize might have been his nationality, like in the case of Mahatma Gandhi, who was never awarded the prestigious price.
Not that Satyendranath Bose and his work would have gone in to oblivion even if the Bosons weren't named after him or no one really would have searched and found the God particle. His work was undoubtedly a corner stone of modern Physics and one way or the other, if not now sometime in the future would have revealed and shown itself as future scientists would have strived for answers to the secrets of the universe.
Now that God Particle has reinvented his greatness for the world, it has become all the more important that a modern and emerging India do everything to unearth the greatness and increase the awareness of its immortal scientist to instil ambition and purpose in its youth and future generations. That only can atone a grate scientist who had the misfortune of being born an the wrong place at the wrong time.
A thousand years from now, like Oxygen, Bosons will still be around reminding everyone about Satyendranath Bose and his contribution to science, while Professor Higgs, credited with the prediction of Higg's Boson itself, the God particle everyone went gaga about, might be forgotten as it will be broken down, dissected and analysed, extending the frontiers of human knowledge.
But that is not why Bose will be remembered. His name will stand out because, if greatness is to be judged by the contribution to the advancement of scientific knowledge, Satyendranath Bose is undoubtedly, the greatest scientists India has produced in recent times.

Article first published as Was Satyendranath Bose Merely Lucky to Have the Bosons Named After Him? on Technorati.

6 Reasons Why Mamta Banerjee OF India Will Support Pranab Mukherjee For President.

The election for the next president of India is over even before it is due to be held next month. The result is already known. India's Finance Minister Pranab Mukherjee will be the next President.


In the Indian democratic system the President is a mereconstitutional head of the country like the Queen of Great Britain and is often unanimously nominated. Only the elected representatives, who are obliged to go by their party's choice, have the power to vote if an election is required. All major parties, except the Trinmool Congress of the West Bengal Chief Minister Mamta Banerjee, have declared their support for the Finance Minister Pranab Mukherjee who is clearly is headed for victory.
Why is then the vote of Mamta, who has so far opposed Pranab Mukherjee, a fellow Bengalee, is important to the UPA and why she will eventually support his Presidency? There are plenty of reasons.

1 Mamta Banerjee is No Body's Fool.

Despite the sycophantic coterie of men without brains Mamta seems to surround herself with, Mamta Banerjee is a lady of substance. Her courage of conviction to fight for her ideals and her ability to not lose those on the way, like Mayavati of Uttar Pradesh, are reasons why Mamta is her own boss. Mamta and the political coalition of UPA she supports surely knows how far she can take her populism without testing the patience or insulting the intelligence of the rest of the country.

2 Mamta Banerjee Is Right about the Prime Minister and the PM Knows It.

In fact, the nomination by Mamta Banerjee of Man Mohan Singh, the current Prime Minister for the post of president, though met with universal ridicule, is the right solution for India. The P.M., in stature and the view of the world, will no doubt be a better a president of India.
Taking a cue from the world cup, Pranab Mukherjee, a political veteran of the congress party, would be a better "defensive" Prime Minister to take the UPA to the next elections and possibly win it; a crucial political decision the manager in Sonia Gandhi missed but what Mamta has inadvertently suggested, in her fury against Pranab Mukherjee.
There is no doubt her respect for the PM was behind her suggestion which many couldn't see but not missed by the P.M himself as is clear from his accommodating gestures towards her party. Mamta must be glad about the growing mutual respect and can't ignore.

3 Mamta Banerjee Knows West Bengal is the 'Greece' of the Indian Union.

Mamta is well aware of the political "hot Potato" of a financially broke West Bengal she is holding and can't drop. She tried her best to get a fellow Bengalee finance Minister to help her juggle around and can't be blamed for being miffed when no help came forth. But Mamta knows Man Mohan Singh's financial wizardry, which he can render without incurring the blemish of favouritism, is her last hope. Mamta Banerjee is intelligent enough to realise why she still needs to politically support the UPA which is the only way forward.

4 Mamta Banerjee Knows Throwing Tantrums Can't Work All the Time.

Mamta sure knows how to throw a tantrum, which may be out of her control. Mamta also knows how to turn those in to political drama to her advantage. But like children learn soon, tantrums have a perishable nature and can be overdone. So Mamta shuts up and sulks like everyone else, which is good because now Mamta and others can talk business and find some realistic solutions.

5 Mamta Banerjee Knows Political Alienation is a Painful Business.

India which is so prone for opportunistic politics without principles is growing politically intolerant to such vagaries of its politicians. A mandate for performance and governance is becoming more and more the pattern. With her ill conceived efforts to forge a new regional power base falling flat on its face, Mamta Banerjee is brutally reminded of the need to keep friends in politics, a lesson why she can't afford to leave the UPA.

6 Mamta Banerjee Knows How To Make and Serve Rasgollas.

Rasgollas, a local dessert made of milk and sugar, is the sweet spot and national weakness of Bengal. Mamta Banerjee surely knows how to make and dish them out, or at least the political version of it, in large quantities. It is the Bengalee national pride both Mamta and Pranab counts on for political survival.
Can Mamta or any leader for that matter afford to hit her vote bank on a sweet spot? You don't have to remind Mamta of all people, herself an artist and personification of Bengalee pride, that she can come across as a spoil sport and deny the simple joy of having a Bengalee President of the country, at her own peril.
Sunday, June 24, 2012
Posted by Unknown

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