Many people crib about Narendra Modi not being effective. I am a supporter of Na Mo and will remain so. So this post is not meant for the nay sayers, but for the people who have some understanding of how things work.
In this country if I get a nod from the government for an infra project TODAY (Nov 2015) and I put a big team to work on it full time (which means I am well funded for the pre project activity), and I have a favorable state government and central government, it will take me TWO (Repeat, TWO) YEARS at least (Nov 2017) to START THE PROJECT. I dare somebody to a debate if they think that the number is wrong. This project will require about 30 permissions, financial closure, pap satisfaction,…believe me it would be more but surely not less than 2 years.
Now look at the projects that Na Mo is tackling with. Railways, Coal, Power, Roads, – honestly do we expect to get results overnight?
Jan dhan program has opened as many accounts in 6 months as the banking system opened in 66 years. Did Raghuram Rajan think of this? No.
Gas subsidy, asking people to give up is so simple, right? Why did it take Na Mo to do it? Why did the brilliant economist MMS not think about this? Wake up India, simple solutions come only from complicated minds.
Accepting Aadhar card and not throwing it away – a brilliant move, again the PM did it. He wholeheartedly supported it, encouraged it, and made it work.
A friend just told me that a company which did not know what to do with the CSR money sent it to the PM Relief fund. The money was refunded with a note “please do csr…we can raise funds ourselves”. Come on, you are hearing this for the first time, right? I was.
Suresh Prabhu borrowing Rs. 150,000 crores (1500000000000) from LIC to spend on modernisation is not exactly a piffling, right?
Coal and spectrum problems have been solved. This is not visible? uh?
The SEBs have been allowed to borrow money at a lesser rate – by piggy banking on the state government guarantees. This is a simple, very dramatic and a brilliant move. Not even mentioned in the stupid national press.
There are 4 union territories that have started giving the ‘ration’ subsidies as an amount of money transferred into the account. No more stealing of grains, rotting, corruption, etc. Once this pilot is a success, ration oriented frauds will disappear.
Urea which was being diverted for non agri use (subsidy made it cheaper) cannot now be diverted. Simple solution? coating the urea with neem 🙂 Good for agri, bad for others 🙂
4 impeccable non bankers appointed as bank chairmen. Will not be able to hoodwink them. One of them is a college mate who has done bank audits all his life. Straight as a stick and clean as a whistle!
Road construction companies complaining of a shortage of civil engineers takes the cake. Huge shortage of people for construction work.
Surely NaMo is at work, and things are happening. Go out and see the contracting companies recruiting. See the amount of companies going for insurance cover just before starting work (which means funding also done).
Roads, Railways, Shipping Corporation have been acted upon. The next simple but brilliant solution will come for Air India. Watch this space.
This government takes a problem and sits on it for say 6 months. Then they come out with a good solution which is simple and brilliant – and workable….like the State Elecricity board solution. You do not know what? Google please…
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