income disparity won’t go unless indian market is redesigned

anyone thinking of bridging the income gap in indian society would be at fault unless redesigning of the market is considered. in simple words, a market comprises of a producer, the trader and the consumer. while there was utmost need of a driving force, the trader, in putting the consumption cycle at work, an unchecked market mechanism has led to income disparity. let us explain how. the producer that generates goods and employment is the primary player in any economy. the same employment generates consumers who buy different goods and thereby let the economy function. this production and purchase relationship is the key driving force in any economy, to be true, the only driving force. traders in between do facilitate purchases, however also distort the market in many ways, for a trader isn’t a producer, although he may be a consumer for some produced goods. now we need to observe how money is created in any economy. for the part of work one

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it’s high time states introduce police reforms

‘police’ falls under the state list of the constitution of india, so does ‘public order’, and they are the top entries in this list, signifying their relative importance over other functions of the government. defence of india and armed forces occupy the top position in union list, and criminal law and procedure are the top entries in concurrent list. the makers of the constitution and those who numbered these entries made an implicit statement by doing so. the supreme court has directed states to introduce sweeping police reforms, recognizing that police is the first point of contact in case of any grievance. be it a burglary or assault, cheating or encroachment, police is the foremost agency to be relied upon. a committee set up by the home ministry of india submitted a draft model police act in 2006, which was circulated to states so that the recommendations, ranging from infusing accountability to fixed tenure and functional autonomy for the police, could

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bjp’s rise isn’t historic if communal divide persists

for the first time, media houses seem to have accepted narendra modi as a mass leader. and this has not come on an unfounded belief. to decode up poll results in one sentence, it isn’t any win for bhartiya janata party, it was the unprecedented and unified shift of sentiments towards a politicians who talks reforms, implements them, without caring for how the general public or political and economic analysts will view them. it will be modi again at the national scene in 2019 and by wisely construing events in the political landscape, it will be amit shah as his successor in 2024. but let’s not constrain all that happened to just politics, the picture needs to be looked upon in a broader sense. india is not merely a political ground for warriors with dissimilar ideologies, it is more a society and an economy where inhabitants have a clear vision of how development and reforms must shape their lives from

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india’s information technology high is fading

the gem of india’s service sector and of country’s export constellation is in the midst of an inevitable calamity. the scene is far more alarming than it appears at its face, and if corrections aren’t introduced promptly and forcibly, the ripple effects will be felt across the economy. in short, indian it isn’t just driving the service sector and exports, it has also fueled real estate, tourism and hospitality, textile and automobiles, thanks to unprecedented salaries drawn by mid-level, top echelon and even entry level staff in some cases. factors are many, to count a few are automation that will spark a war against human resource, india’s hefty dependability on outsourced projects from united states and many european and asia-pacific countries that is slowly subsiding owing to a backlash from nationalistic fervor and diminishing globalisation, sub-standard and outdated skills of indian workforce that works more in factory-styled way. the cherry on the top is heavy pay packages of it employees

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this nationalistic fervor is a rebalancing act, a reminiscent of nations’ failures

talks and acts of nationalistic blend are a common scene today. proponents are construing this as a valid and belated response to violation of interests of nation’s inhabitants and its sovereignty, while criticisers condemn this by categorizing it as infringement of right to trans-border movements. did this happen all of a sudden? did the unexpected rise of politicians favouring inward policies was the sole factor that resulted in general populace connecting with nationalism? let’s talk some rationales. nations are separated by borders that are internationally recognized and respected, except a few territorial conflicts. why did countries form, why did people gather in settings that differentiated them from inhabitants of other nations? borders bring with them many pluses. they allow a government to rule over a defined region without interferences from external forces, this promotes making laws and rules for fair conduct in the society. most of the countries are endowed with resources that are enough for peaceful and thriving existence

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‘design in india’ for being world leader, 5 do’s

numerous men of acumen and organisations predicted an asian advancement in 21st century, with india anticipated as leading the world. but is india all set to become the leader, or even claiming the ‘developed’ tag is hard? to script the indian chapter in gold, ‘make in india’ alone cannot suffice the need, it needs pivotal backing from ‘design in india’. hereunder are 5 crucial aspects of this scheme. one, the country needs a new body, on lines of cbse, ugc, aicte, to administer and promote innovation. let it be termed as indian council for innovation with powers granted to set up new colleges and consolidate present innovation and research programs. two, do not just ask for foreign investment in indian manufacturing, this can only make us the next china; for sustainable development and to keep a prolonged upper hand among global economies, breaking barriers is must. isro is a perfect example, pharma, it and bpo may look like gold, they

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‘pradhan mantri swasthya yojana’ with premium-linked subsidy

health concerns entail costs that are unforeseen and many a time colossal. while the government has enabled citizens, poor and middle-class, to build a house for themselves under pradhan mantri awas yojana by providing credit-linked subsidy, the sensitive area of health has skipped the attention. the present schemes run for enabling access to health-related services – pradhan mantri swasthya suraksha yojana (with two components, one building new aiims and other as upgrading government medical colleges) and rashtriya swasthya bima yojana (insurance cover of inr 30000 p.a. for bpl families) – do not cater pragmatically to needs. construction of new all-india institute of medical sciences can augment research and teaching of medicine and can eventually hike number of medical practitioners, the same cannot substantially bring down costs involved in treatment of diseases. rsby too doesn’t go beyond basic health facilities for the burden of diseases in india is cumbersome. contemplating a health scheme, which can be termed ‘pradhan mantri swasthya yojana’,

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sp, congress, bsp propelling bjp’s growth

political landscape of india is in mess, with polarization and appeasement at all time high. although the country needs urgent and comprehensive electoral reforms, the polls in up are the present talk of the town, for state’s share in country’s legislative scene; up holds a crucial position, let us see the odds. if it weren’t for demonetisation of high currency notes that went down well with the public at large, thanks to the patriotic flavour added to the episode, it is the specific targeting of narendra modi by sp, bsp and congress that has fueled interest of the electorate toward the bjp. in marketing, this is called hammering. mistakes are many. the samajwadi party was treading a right path when akhilesh-led faction won the tug of war. it was then that the party misconstrued minds of voters and allied with congress, a party synonymous of scams and bad governance today. the fall of mayawati in 2012 owing to her disconnect

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resuscitate the bedridden global economy- manufacturing to supersede services

it is not in good shape, let alone any hopes for expansion and inclusive growth. have we reached saturation, a point from where we can merely sustain past successes and not tread into newer horizons? it’s time we stop blaming geopolitical tensions for the economic stagnation, rather find rationales. it’s simple, the economy runs on three sectors, primary, secondary and tertiary. now when we were growing our capabilities and outputs in primary – agriculture and allied activities – and secondary – industrial production of tangible goods – we made sustainable progress. we not only pulled out many from poverty but created a space of material wants, which when achieved gave meaning to life. the next stage, that saw revolutionary research and development in the tertiary sector – services like communication and information technology – was when viabilities eroded and sustainable and inclusive growth became elusive. according to the definition, development is a shift from agrarian activities to manufacturing and a

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uber, ola fiasco is a lesson for all

the current show of strength by drivers of cab-aggregating companies ola and uber is a reflection of how indian market and market players are unreservedly incomparable to scenarios of the west. it is time that many are debating the impending bubble burst in india’s startup ecosystem; had they been vigilant and diligent from start, such debacles were avertable. here are five simple lessons for these taxi hailing companies, and these are generic for applicability in wide-ranging scenarios of today. first, and this is fundamental, assessing india as an aggregate market with stakeholders and consumers toeing the same west line is a fault. replicating stories of growth in west in this asian giant will only culminate into disasters and eroding of public confidence in such businesses. second, doling out sops and subsidies isn’t what that works in india. had it been so, the government’s persistent bill on fertilizers, food, other subsidies would have eventually come to an end. respect your money.

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