Monday, August 31, 2009

Is Manmohan singh a better prime minister or a better Finance Minister?

Manmohan singh- the Prime minister of India, is a former Finance Minister and is considered an authority on Finance and Economy. This man known for his incredibly excellent performance in whatever he undertook and starting from his college, he always has been a brilliant student and enjoyed respectable positions starting from being a teacher in Delhi University, Jawaharlal University and he at organizations like the International Monetary Fund and the United Nations as an economist. 1982, he was appointed as the Governor of the Reserve Bank of India and held the post till 1985. He went on to become the deputy chairman of the Planning Commission of India.
During his tenure as the Finance Minister, chosen by P.V Narsimha Rao, he proved his skills and was widely credited for initiating economic reforms in India in 1991 which resulted in the end of the infamous Licence Raj system. At the time, India was facing an economic crisis. Rao and Singh decided to open-up the Indian economy and change the socialist economic system to a capitalist economy. The economic reform package included dismantling License Raj that made it difficult for private businesses to exist and prosper, removal of many obstacles for Foreign Direct Investment (FDI) and initiating the process of the privatization of public sector companies. These economic reforms are credited with bringing high levels of economic growth in India, and changing the annual 3%, to an average of 8-9% economic growth in the following years, all possible because of the blessing Manmohan Singh was and he was in power at the right time. He's a top notch economist and some of the decisions he has made resemble that of the leaders of small East Asian countries like Philippines, Indonesia, Thailand and his work tact is flexible and accommodating.
I personally feel this man with him immense knowledge and thorough understanding about the Finance sector is meant for the chair involved with intellectuals and this gentle man with his soft spoken personality suits more as a Finance Minister, than go about preaching “netagiri” that has become an inevitable part of the Indian Government where politics has got a new meaning involving all dirty tricks than running the Government with honesty and integrity.
P. Chidambaram on moving from his position of Finance Minister to Home Minister also commented on Manmohan Singh’s capabilities that.” The Prime Minister can handle the finance portfolio far better than anyone.” He asserted that no one could steer the economy better than Prime Minister Manmohan Singh, given his exceptional background, especially in such a difficult year of global financial crisis. “There is unfinished work in this Ministry [Finance]. The whole country is extremely reassured The Associated Chambers of Commerce and Industry of India Secretary General D S Rawat said that the "industrial confidence would get a boost" with the Prime Minister retaining the charge of the Finance Ministry.
Am sure 90% of the country’s populated on would agree to this man and trust this man’s potentials after all the changes he has brought in developing the Economy of our country especially after his tremendous experience working at top levels both at international as well as national standards as an Economist.
After the 2004 general elections, the Indian National Congress stunned the incumbent National Democratic Alliance (NDA) by becoming the political party with the single largest number of seats in the Lok Sabha. In a surprise move, United Progressive Alliance (UPA) Chairperson Sonia Gandhi declared Manmohan Singh, a technocrat, as the UPA candidate for the Prime Minister post. Despite the fact that Singh had never won a Lok Sabha seat, he acquired this power just to render him as puppet in the hands of Sonia Gandhi while he can’t take any decision on his own without consulting Mrs. Gandhi. Moreover half the population complains that it was Sonia Gandhi whom they voted for, not Manmohan Singh.F
Moreover PM Manmohan Singh has never been that a leader as he worked as FM under the cloud of PV NarsimhaRao an now he is working under the Sonia Gandhi and being a PM one cannot just fade away in the background that a FM can afford working on the table in office, but PM has very less public interfaces while Sonia Gandhi works on the war front and Manmohan Singh before visiting any place needs Sonia Gandhi along with him, even to visit the bomb blast sites in Assam recently.
Being a PM also requires a person’s knowledge on the social, political issues but this man with his strong hold in the Economical issues can’t actually comment on the corruption, secularism, criminals, because it was never his concern the way any political leader would look at as being an Economist he would focus on reforms to develop the Agriculture, Industrialization,etc., just the way it would be to expect a Maths teacher to teach Politics. Moreover we all have noticed the way he breaks down when any crisis hits our country, now if the leader of the Nation is all shattered seeing a problem, what is the mass expected to do?
.Manmohan Singh is criticized severely for not being aware of what the CBI is doing and neither does he know what the ministers or governors are doing! When asked about the bomb blasts, he commented in a press conference that he can comment anything as it will be wrong in the time being!!! Now who expects the PM to speak these when there is ultimate chaos all over the country? Another immature incident is Prime Minister’s nag with Bharatiya Janata Party (BJP) leader L.K. Advani saying he had made “at least three attempts to topple our government… but on each occasion his astrologers have misled him” Advani had repeatedly described him as the “weakest prime minister” and a “nikamma (useless) PM”, Manmohan Singh said with uncharacteristic vitriol: “At his ripe old age (Advani is 81), I do not expect Shri Advani to change his thinking. But for his sake and India’s sake, I urge him at least to change his astrologers so that he gets more accurate predictions of things to come.” A gentle man like this is preferable in the back door sitting with the Economic issues and he definitely stood far away by staying away being polite and humble, very much unlike the other political leaders who know how to bark and fight back! But the irony is ever since Manmohan Singh is the PM, we are hardly aware of his existence while there seems to be no major improvement in our nation.

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