NaMo has done nothing that can revive the economy and instead has handed over reins of economy to wolves who are systematically destroying the economy by framing black money laws that will be harassing honest whereas crony capitalist, corrupt politicians and bureaucrats get away. Congress has fully supported these initiatives with some cold calculations that this will lead to downfall of BJP. In meantime, food is disapperaring slowly but steadily from plates of poor and lower middle class.
Re: Congress and BJP responsible for this mess. NaMo real culprit
by Anil Bharali on Jul 27, 2015 06:41 AM
So the present system is to punish the honest and reward the criminals and that is rule of the present psychopathic society.
Like what is a job or employment? Why all the work done by housewives is not counted as work and they are not even included in the labour force. Thus our labour force is under 50 crores as compared to China's 70 crores as 70% of their women are included in the labour force compared to 25% in India. Then what about the productivity in value terms. 94 % of our workers are self employed which mostly means farmers or menial workers. Thus back breaking 60 hour per week work even opium laced, on farms or in micro enterprises like dhabas earn not even Rs.200 per day. Is that the kind of work we are talking about? Third- technology and work hours are inversely related since machine and tools are substitutes for manual labour. Hence modern manufacturing must necessarily mean less manual ( even intellectual) work per Re of output . There goes Make in India. There are therefore two alternatives 1. We calibrate technology in agriculture, msme and construction etc so as to create more jobs and not unemployment. 2.Early retirement, three shifts a day, lesser working hours- whats wrong with 4 day week? are unavoidable if we are serious about youth unemployment. 3. Demographic dividend is our failure in family planning and a huge curse if we are not able to provide work to the burgeoning labour force. Before dreaming about exporting skilled labour to develop countries just map kind of skills they would require other than say drivers and maid servants. Let us be practical in such matters
Clear the logjam of LS & RS and let our politician forget the ego to think betterment of India and settle the matter in amicable way. It's really shameful by seeing the school children fighting each other and throwing mud each other. Please note WORLD is watching and they will take a backseat on investment.
I look at the problem from two perspectives – demand and supply. On the demand side, we need to work on attracting more capital (FDI or otherwise) on labour-intensive sectors such as infrastructure, defence, retail, and manufacturing. But the supply side is equally important and has been neglected by successive governments. We have simply failed in leveraging our 120 core plus human capital the way China has succeeded. I would put three priorities to ensure that we have a skilled workforce ready to add value to our economy 1. Education- Our education system is designed to create bunch of degree holders, with no direction on they should earn and live. Our academic institutions by and large are completely out of sync with the business reality. Bring back focus on vocational training after 10th /12th standard and produce skills that count in the industry. Today, most of the labourers are unable to read and follow product / service manuals, even though they are formally educated / degree holders. 2. Health – This is somehow related to the poor nutrition and healthcare facilities that receive as children. Protein deficiency is one of the major nutritional problems in Indians and the religious stigma around non-vegetarian food (egg, meat, fish etc) simply makes it a difficult proposition. Without a healthy and strong workforce, productivity cannot be high and government should better realise and act on this. 3. Labour Reforms – Govt should introduce reforms in
Re: My suggestions
by Suman Sidhhanta on Jul 23, 2015 01:33 PM
3. Labour Reforms – Govt should introduce reforms in a way that maximises (to the extent possible) the win-win situation between the workers and the management. While it’s important for the business to be nimble enough to right-size the workforce, employees’ interests should be preserved since they are hit most by employer actions. Industrial HR needs to come with innovative ideas such as pay cut (in case of any downturn in the industry in lieu of job cuts), mandatory skilling fund (just like PF, set aside from employee’s salary for training / reskilling purpose), job incentives (designing salary structure with variable component linking to performance) etc 4. Working condition – I remember one quote by a Singapore minister who once observed that the only thing that differentiates his workers from their counterparts in developed nations is the climate. India being a tropical country, our workplaces should have better physical environment such as air conditioning. This would add up to the cost of production, but the gain in productivity should offset that additional cost in the long run.
in india there is 95% corruption in the government sector and hence the private sector also is forced to act corruptly. Next the government is just interested in collecting tax and looting it instead of spending it on the country. Banks are looting people with interest as high not available anywhere in the world. Plus they've starting leving so many charges which are revised every year on a higher side. To be honest the NPAs which banks shout really doesn't exist as they almost cover it through levying of various charges. For e.g. a bank with 20 crore customers levies Rs 100 as annual debit card fees so just by sitting it gets Rs 2000 crores. so in a corrupt economy no one can find work. today gaps in career are common and its real. gaps are as high as 10 years and people are struggling to find even a job of Rs 10000 per month. Everywhere you see jobs just where you've to push products to sell. And those kinds of jobs bring bad reputation to the entire industry and give infinite depression to the person doing it. The job environment of today breaks a person emotionally and mentally. It leads to so many diseases that one cannot think of. And all of this is because of corruption. No innovative idea can survive in corruption.
Re: there is no remedy for corruption
by jitin garg on Jul 23, 2015 02:40 PM
Agree, it seems even Modi Sarkar is not able to break in to our corrupt system. I hope achche din comes in our life time. My favorite Modi is disappointing so far
Modi has taken a big challenge of skill development, this will provide self employment, but immediate need is to retire early govt. servants, at least to all non performers, unfits and suspected corrupts. But Modi does not appear to be dare enough to take such action.
