Skip to main content

Good Riddance ... R3

International Media and fans of R3 are predicting doomsday for India... rupee will fall, FDI will exit, inflation will rise and for many the sun may not rise ....

3 reasons why R3 should have been fired a long time ago ..

1) R3 has been an advisor to the UPA government since 2007 in one capacity or other. Economic policies of UPA have been shaped by R3 since years. For some reason, after every failure R3 gets promoted. He career in India is no different from Rahul Gandhi. Every failure leads to a promotion. R3 wants to take credit for the last 2 years but what about the mess since 2007 ... like Rahul Gandhi that is the work of other mortals ...

2) Killing Jobs & Growth - Small and Medium enterprises are primary drivers of job creation. With interest rates kept high, its very difficult for a SME to raise any capital. Old India which has a bank balance and a home likes high interest rates. A young India needs loans ... to study , to buy a bike , to provide a good living for their parents  ... R3 killed the dreams of young India. 

3) Not a team player - R3 was never a team player. He never cared to align with the goals of the government....when India wanted growth, R3 wanted to tame inflation; when India was trying hard to attract investments, R3 was highlighting risks ( bad banking system,  calling India a 'one eyed king' etc )........R3 was like a player in an orchestra who was playing his own tune. 

R3 wants us to believe that keeping interest rates high will lead to low inflation. By this logic low interest rates should lead to high inflation ... a simple google search reveals that there are countries with a negative interest rate have low growth. 

Management 101 says that an incompetent employee who is not a team player should be the first to be fired. R3 should have been fired a long time back ...

PS - People who blindly buy the dope sold by economists like R3 should read the book Think Fast, Think Slow ... the world does not behave per the models of these arm chair economists 

Comments

Post a Comment

Popular posts from this blog

Mauka Mauka for the Enemy Within

Two things unite a nation as diverse as India - culture and cricket. When any nation takes part in a world tournament and does well very in the initial stages, one would expect the people of that nation to back the team .... Over the past few weeks we had many intellectuals and prominent media houses hoping that India looses the semi finals against Australia ... It started with noted sociologist Ashis Nandy .... According to Nandy, India is suffering from too much national pride and winning the world cup will make it worse... This was followed by a national poll by a leading print magazine Outlook which asked .. "Should India win the World Cup ? "  You can take the survey here Outlook not only echoed Nandy's sentiments but went on to add that "winning the world cup might just make India's macho and hyper masculine nationalism more intense. Over the last few months, there seems to have been an effort to make a pluralistic India into a homogeniz...
Post a Comment
Read more

BJP Karyakarta has Won

The earliest memory I have of a BJP karyakarta was of my mother''s colleague and friend called as Rajani aunty . Rajni aunty and her family were dedicated, committed karyakartas of the RSS, Jan Sangh and then the BJP.  Their commitment was so complete that they made every contribution they could - tan, man and dhan. Even in the 1980's when the BJP was a very young party, Rajani aunty and her family stood like a steady rock. When Vajpayee lost in the 1984 election, there were tears in her eyes. Rajani aunty used to work as a professor at the Sophia college in Mumbai. Once she asked a rather innocent question in the GK paper - "Who is the founder of the RSS ? ". The secular Catholic management took a very hard view and she was forced to quit her job. For 2 years she did not have a job but never once regretted her commitment to the ideology. Through her trials , she always stood by the Sangh. Her family for generations and decades stood by the Sangh no matte...
Post a Comment
Read more

Manohar - One who could win hearts and minds

They say that it is easy to defeat anyone, winning people over is the most difficult thing to do. Manohar Parrikar true to his name dedicated his life to winning people over. My first interaction with Manohar Parikkar was 5 years ago. Elections had been announced and Manohar Parikkar was asked to address IT professionals living in and around Outer Ring Road in Bangalore. New Horizon College was the venue. On that lazy Sunday, I managed to show up at the venue 15 before time. Politicians are known to arrive late but Manohar Parrikar was already there mingling with the IT crowd. He speech consisted of 2-3 stories with foksy humor and wisdom. He wanted the IT crowd to engage in politics, to participate in nation building, I still remember his story "Once upon a time, Goa was known for the best watermelons. Every year post the harvest season, farmers in every village would invite people to taste the best watermelons for free. There was only one condition, they had to spit ou...
1 comment
Read more