Re: [MTC Global] How to raise expenditure in a nation?

Dear All,

We have got allergy of improving productivity, waste elimination, and cost cutting. We hardly believe in process management, performance management, wages linked with performance, no national wage policy,so on and so fourth. And we have to please the voters. We please by spending public money on non-productive causes, un-reasonable, illogical with no common sense.Look at misuse and leakages of electrical power, food/water wastages, unauthorised real estates, abusing use of diesel and petrol, unchecked corruption at all levels and resulting scams after scams.

Moreover, we have no wealth creating mechanism in place in any sector including agriculture, manufacturing and services. Some body had forecasted before 1947, probably Winston Churchill, that imposing new taxes and rising the existing ones will be the only tool for wealth creation for India.

Can pseudo-stalwarts be expected/relied upon to tackle these issues in the National interests?

Regards.

Yours,

_________________________________

On Sun, 09 Sep 2012 10:09:38 +0530 wrote
>In a nation, expenditure can raised by all the following activities.

1. Weak Currency Value against other global Currencies.
2. Rising Taxes
3. Rising Waste Spending
4. Rising Govt. Employee Salaries
5. Rising Fuel Prices
6. Printing and Injecting more Quantity of Money that is more than the ACTUAL ECONOMY
7. Disruption of Administration and Management Structure of the nation
8. Wrong projection of Development Figures
9. Rising of Fixed asset values
10. Poor Quality Public Works
11. Irrational taxes
12. Large Money Transaction Charges in Banks
13. Slow movement of Rupee in Banks
14. Large Interest Rates in banks
15. Large CRR in banks
16. Large {Lending Rate - Interest on Deposits} margins to Banks

In all the above, points 1 and 5 and 6 and 11 will have 360 Degree NEGATIVE effect on the Economy and our lives and we start behaving ERRATICALLY.

My message explaining about how Bank Transactions were creating huge expenditure in the economy, computerization, core banking especially NEFT/RTGS and At Par Cheques were introduced in India by Chidambaram, then finance Minister and Present Finance Minister.

Ekambar

Dr P H Waghodekar
I/C Principal & Adviser HR IBS Marathwada Institutute of Technology Aurangabad
(o) 02402375113 (M)7276661925
e Mail waghodekar@rediffmail.com

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