DANCE OF THE DEMOCRACY! THIRD FRONT JOINS THE PARTY.

As the elections are coming near, the left is trying to draw support from the regional parties to form the so called Third front, the third force which is anti-congress and anti-BJP. I was a bit happy to know that third front is arising to give tough competition to the other two major parties and here comes an end to the bi-party system in India and the voters have another option, as neither the rule of BJP nor Congress could bring an impact to the bottom of the pyramid – the poorest of this country after 62 years of Independence.

But the question is: Can this Third Front survive?

This remains a matter of doubt, Firstly the Left which has undoubtedly some great thinkers and intellectuals to take leadership and their policies may bring some effective changes in the corrupt and rotten system, has a different ideology from all other regional parties with which it wants to get associated with. Can this party with a totally different ideology keep alliance with those regional parties which have their own agenda?
Secondly, Third front does not have a common agenda and it is not well coordinated and it’s at a pre-mature stage of formation. Thirdly, who would be the prime ministerial candidate for the Third front? Any disagreement regarding this decision would lead to disintegration. The options are Mayawati, Prakash Karat or Jayalalitha. Prakash Karat is the only national level leader in this series and the other two are regional party leaders. Do they have the Caliber to handle the prestigious prime minister’s job which requires ability to develop a social vision and future oriented thinking and people oriented policies and decisions.

Recently, Jyoti Basu said; Third front is very difficult to take shape and function. Well, it’s all now in the left leaders hands, how they handle this situation and take this Third front to the people of India. Third Front – Jai Ho!

RISE OF THE PSUs! THANKS TO GLOBALISATION AND FREE MARKET.

PSUs of India, the so called poor counterparts of the private sector have risen like phoenix from the dead ashes, during this serious global meltdown. Once these PSUs were blamed as loss making units, and government was blamed for its inefficient operations and corporate world criticized the government for running such loss making units and wasting tax payer’s money. Taking this as an excuse, so many PSUs were sold to private hands, and believe me, so many were sold out at undervalue. Now the time has come for these PSUs, they have made a great come back after decades of criticisms. Firstly, the railways, the credit goes to Mr.lalu Prasad and his team who changed the rules of the game, changed all the traditional ways of functioning and now Indian railways case study is being studied in IIMs and Harvard. The point is that, we can but we don't. Bold innovative decisions at the higher order changed the fate of the railways. The problem with us including our government is we normally do not seek a change from the grass root level which is very important; instead of this we make changes just to bring temporary solutions. We need to start addressing key issues, from the grass root level. Change should start from the root of the problem and it should be brought in a macro level and that’s what happened with the railways. Now a big boost for the PSUs again the sixth pay commission, which changed the whole scenario, now PSUs have started attracting bright talents of this country, which were earlier attracted and retained by only the private companies and MN Cs. Even some PSUs recruited people from the IIMs this year. It’s all happening as the change is being brought up from the grass root level. The Pay hikes, Modernization of PSUs, change at managerial and operational level, all these efforts have benefited the Government sector. Recently I could see profits shown in the balance sheets and financial results of these PSUs published in Newspapers, all because of the Change in the approach. Government Banks have done a fantastic job by floating them profitably in this time of serious financial crisis. well, when their private counterparts are reeling under losses these Government banks are making profits, recently I read about Infosys transferring crores of money from private banks to Government banks. General Public too reacting to the Global meltdown by transferring their savings accounts from private to Government banks. The recent Success of these PSUs are not just because of the Change in the approach and pay hikes, Thanks to Globalisation and free market which were always advocated by the corporate sector as growth drivers. The concepts originated in USA and now so called globalisation backfired on them, so many losing jobs, reeling under serious financial crisis. Great American institutions were shocked by the meltdown. I'm not against globalisation or free market, privatization should be encouraged, industrialisation should be promoted, FDIs should be welcomed, of course these are real growth drivers of an economy, but these efforts should be backed by proper government control and regulations, which the private sector often hate, they advocate about Laizze faire-free market, which went terribly wrong for the Americans as well as the economies all over the world and now these same private sector which criticizes about government interventions in corporate affairs begs for bail out packages from the government, which is tax payers money. As the prosperity flows to Asian countries, this is the time that our policy makers should be aware of the opportunity. Private and Government sector should go hand in hand towards development, while the Government sector should maintain its current trend and should continuously improve at the same time private sector which should have proper government regulation and should continue to be a part of the India's growth.