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The Inflation Horse has bolted...Take over the reins !

The Inflation Horse has bolted...Take over the reins ! Ganga Prasad Rao gprasadrao.blogspot.com Inflation has been the cry baby of Indian politics. The more attention it receives, the more entrenched it becomes in the economy. And for good reasons. Does a cat ever turn its back to butter s'mores? Or a politician to another term? So, and despite the long delay post which Inflation-indexed bonds, IIBs, have seen the light of day, why would we expect FIIs and our domestic financial entities to shy away from systemic loot that inflation still is? Little surprise, then, that inflation has galloped away at a double digit decadal average. But while 12% inflation was deemed tolerable without the IIBs, 10% inflation is not with them around. Is that why, and anticipating a turnaround in the economy, the inflation-lovers have changed strategy, and rather than seek inflationary gains against the IIB tides, chosen to turn the control over to the victims - us voting citizens? Read the papers lat

Free Media in a Democratic Nation? Really? - A Pre-Election Special !

Free Media in a Democratic Nation? Really? - A Pre-Election Special ! gprasadrao@hotmail.com The TV Media is at it again. Fomenting political divisions - real and imagined, projecting mood swings and vote shares, even  alternate party alliances to suit viewer tastes in the masses. But as different they are, or seek to be, most harp on common, familiar themes: Dynastic politics, Personality politics, Judgement Day rhetoric, and even Voter ignorance, if not apathy. Let us examine them each. Those were the days when a united India resonated with the vision of Patel, Nehru's leadership, Gandhiji's steely resolve and the patriotism of Sarojini Naidu. There was but one primary, over-imposing concern among the masses - Freedom. 67 years, two wars, and three assassinations since, and for good or bad, we are today an over-populated democracy skirting the fine line between spiralling unsustainability and a ramp to the future. But, as incongruous as it may seem, some things never change.

Democracy Redefined (and the Macro-economy Reconstituted).....Ready for it?

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Democracy Redefined (and the Macro-economy Reconstituted).....Ready for it? Ganga Prasad Rao Energy-, Environmental- and Mineral Economist gprasadrao@hotmail.com      Introduction It has been said before, but that should not stop one from repeating it. The lay person gets used to anything - the malaise in the social system, the polluted commons and the continuing assaults upon it, and indeed, the endemic corruption that has subverted the people-elected democracy. Add to this an obsolete and improperly-designed electoral system, the corrupt politicians ‘elected’ by which sell the nation with its nominal economy to PV-capitalists abroad, and what you have is an unsustainable society mired in slush, unmindful of the quicksands that lie ahead. In short, a society whose ‘democracy rainbow’ has been short-changed to a (less than) zero-sum against its own future.     Our majoritarian democratic system, as it exists, provides but one channel - the once in a five year ballot - to transmit citi