The last week of the year is a good time to look back and analyse the main events. I have chosen the ones that I feel are important from the point of view of the future and thus have chosen to overlook some larger events that impacted the present more than the future (like Sachin’s and Mr Tata’s retirements). Happy reading!!
Bharat Ratna To A Scientist
This is the highest civilian honour to be conferred to a civilian. This year it goes to our cricketing super hero Sachin and one Mr CNR Rao. He is a brilliant chemistry scientist and only the third Indian scientist (out of the 43 total awardees till date) to be honoured with the Bharat Ratna after Nobel Laureate C.V. Raman in 1954 and former President A.P.J. Abdul Kalam in 1997. All our scientific accomplishments have been from the distant past, it is high time to encourage scientific achievements and reclaim our lost scientific glory. I hope we have more such chances to celebrate in the future.
This was the year of the socially active. AAP success was in a large measure due to this phenomenon. We as citizens became very aware of our rights (not so much of our obligations) and were not afraid to take to the streets to show our likes (or dislikes – as the case may be).
I am sure this will carry on the next year as well with the elections giving enough opportunity to people to remain active. I also hope that this trend continues beyond the next year as well.
Gold is down 30% in the international market. It is down about 20% in India because of the 10% import duty being charged by the government to discourage imports (from Rs 35,000 to 29,000). This is the highest single year decline in the price of the precious metal in the last 20 years. Expect the price to remain here or head further down the next year as well. Note – I am not a great fan of the yellow metal (I held the same view when gold was doing very well, my earlier blog “Is gold a problem or a solution”) so the same should be read in that context.
ISRO has been one of the rare great institutions that the government has built. Our satellite launches cost a fraction of what it costs anywhere else in the world and our missile programme also derives a lot of its success from our space programme. This year we did the impossible – we are on course to send a rocket on Mars. It is a very big deal indeed (we will be the fourth country in the world to achieve this) and expect us to become very serious players in the space market. The moon mission is also under way and more glory awaits this great institution.
Salute The Indian Manager
This year belonged to the Indian manager. While the trend has been picking up for the last few years, it became really big this year. I am avoiding names here as there are just too many. The managerial capabilities of Indians are now well respected the world over. Our culture also plays an important role – we are tolerant and hard working by nature and are not bogged down by diversity which is common in the global workplace.
Expect more Indians to occupy the corner offices of the global corporations in the years to come.
Powerful Men Can No Longer Get Away
Lalu, Asaram, Tejpal, Sen, Jignesh, Mallya, Deccan Chronicle promoters, Phaneesh, Rajat, Kahn, Berlusconi – the list is long and the charges different but the message is the same – you will be held accountable no matter how higher are you in the society. Outside India the justice was served without delay – in India we wait still for the bad apples to come face to face with their makers and then pay for their sins.
Pranab Da worked hard to restore the legacy of his office. He had hard work to do specially to undo the work of his predecessor Mrs Patil (mind you, this year she finally chose to return all the gifts that she had taken home). And boy, did he deliver? Kasab and Guru (who waited for 10 years for presidential pardon) were sent to the gallows while he delayed signing the legislation protecting the tainted legislators will it was famously “torn and thrown to the dustbin” by RaGa. Great work indeed. Encore expected this year as well. May God give him the strength to do what should be done.
Supreme Court Activism
Thankfully the SC stepped in where the government failed. They had a lot of work to do this year as the government practically didn’t do anything at all. All the major policy decisions were shaped by the SC – rather the government worked for the fear of the apex court. We will see the more of the same next year – an incompetent government being pushed into action by an active judicial system. Reminds me of the famous lines of the Joker to Batman – when an unstoppable force meets an immovable object, the result is.....
Time for a Political Change
The momentum is building up for the general elections next year. Change is in the air and the UPA and its constituents are feeling jittery, to put it mildly. The disastrous 10 years that Mr Singh has been the PM of the country have been the worst that I have seen – endemic corruption, systemic breakdown of public institutions, very high inflation, very low growth, no employment generation, negative sentiment in the business community, worsening fiscal situation both at the centre and the states, currency going for a toss – Mr Singh and Mrs Gandhi leave a legacy that RaGa will have to pay for by sitting in the opposition benches for the next 10 years – maybe it will also be good for him and the grand old party – they have been so addicted to power without accountability that a long “rehab” is advisable for them. This is no anti incumbency – see the incumbent state governments of Gujarat, Bihar, MP and Chattisgarh being voted back to power. This is a message to the political system that for too long the Indian voter has been taken for a ride and the time has come to change this.
Disastrous Foreign Policy
If you thought the current government had a worst economic policy, you need to see the blunders in our foreign policy. The world’s second largest democracy and our natural ally the US is now cold to us. Our old friend Russia is indifferent. China is claiming larger and larger parts of our country as theirs – they even did a mini Kargil in the northeast. Sri Lanka has been driven to the open arms of China. Afganistan will be in a vacuum once the US leaves. The leader of the party who thinks for us is under trouble from extrmists in Bangladesh. The real perpetrator of Kargil is back in power in Pakistan. Maldives publicly humiliated us by unceremoniously throwing out a large Indian group out of their country. Nepal doesn’t care. The blog of Indrani Bagchi captures all this beautifully
Although I am itching to write about the AAP’s proposed policies that will turn out to be disastrous, that will have to wait for a fortnight. Next week we will look at how the BJP is undermining itself by doing its best to lose the momentum that it generated.