I was out walking with my 4 year old daughter. She picked something up off the ground and started to put it in her mouth.
I took the item away from her and I asked her not to do that.
“Why?” my daughter asked.
“Because it’s been on the ground, you don’t know where it’s been,it’s dirty and it probably has germs”, I replied.
At this point, my daughter looked at me with total admiration and asked, “Mommy, how do you know all this stuff? You are so smart.”
I was thinking quickly, “All moms know this stuff. It’s on the Mommy Test.
You have to know it, or they don’t let you be a Mommy.”
We walked along in silence for 2 or 3 minutes, but she was evidently pondering this new information.
“OH…I get it!” she beamed, “So, if you don’t pass the test, you have to be the daddy.”
“Exactly”, I replied back, with a big smile on my face.
1) Why on earth there should be a monopoly for postal department?
Are we living in China or USA where each and every phone, letter, email is scanned. Do I have any privacy, any freedom???
Today government says no package less than 300gm should be send by private courier.
Tomorrow it will say all emails need to be send via government networks?
All phone calls via BSNL?
Do you know next time a peon/office boy moves a sheet of paper from my cubicle to my boss’s is breaking a law?
2) What is the benefit of fixing the price???? What sense does it make that private operators need to charge 2.5 times the charge???? Whom does it help?
Why is the government stopping a guy to provide me a better service at lower cost?
Why can’t government come up with a TRAI (Telecom Regulatory Authority of India) or a private Bank like arrangement where any private operator has a social obligation for an all inclusive growth… If the pvt guy is not interested, he needs to pay to the guys who do it on his behalf (read government) You levy a license fee, a tax based on turnover/revenue…. levy whatever you want as long as things are transparent and fair.
Department of posts (DoP), no matter how primitive, has done a great social service… It has connected the remotest part of the country with the rest of the world, it has given banking service to people whom not even Public Banks can cater, it enabled men to send money to their family settled back in villages.
But thanks to technology there are faster means of connectivity… People no longer use Telegram. they prefer emails, fax and telephone over posts…
But this bill helps nobody… infact you are regularizing inefficiency.
On one Hand Manmohan Singh is talking about All Inclusive Growth… and on the other hand he is allowing RBI to make rich super-rich… and poor super poor.
Big industry and now government can seek international finance a token interest rate of 5% This economical finance is available to only the industrial giants who can reinvest the money and grow… While common man like u and me, small businessmen/traders need to pay 13-14% to get the same kind of finance… worse still since ellite Indian Banks do not cater to the masses.. a lot of us end up taking personal loans at 2-3% pm.
There is a risk of currency exchange rate fluctuations.. but since Indian currency is appreciating, and you are getting finance at 1/3 the cost… I think those who are eligible will not mind taking that risk. This unfair advantage will allow the giant to continue to grow and throw small merchants out of business… Something I seriously oppose…
The EMI rates have risen so high that many people will end up defaulting…. (banks will go under… already most of US banks are under threat due to sub-prime lending… indian banks will follow them to an abyss.) the demand for property will go down creating the prices to spiral down. this will first cause the reaity and real estate companies to go under. then soon the heat will be felt by cement and steel sectors.
Those who do not default on the loans they had taken, will see that after paying double the agreed amount of interest, they have nothing to spare… so the consumerism will actually go down…. hence cooling the entire economy….
The boom in Indian economy is due to consumerism… and not exports…. Everybody knows that, but who will tell the government?
So overall we will go back from BOOM ERA to the HINDU GROWTH RATE ERA… where we had high inflation, negligible growth and all the ills associated with stagnation.
PS: I’d write more, but I have to go earn money for the government to flush down the toilet.