One-stop shop to make India 20 times richer

Category: Public policy

Some important statistics about Third World India to highlight at the Horasis conference

Lok has suggested a few statistics to highlight (I’ve incorporated his statistics in this post). Independently I have also been keeping tab on a number of indicators. I will use as many of these indicators as possible during the QA session to highlight the utter bankruptcy of the Modi government (or any other government, such as UPA, etc.).

FDI – one eighth of what China has got to date

GDP – Questionable statistics, but very poor performance compared with China’s

Governance – the most corrupt in Asian pacific region.

Funding for core functions is a joke. The budget for justice delivery and administration is 1000 crores. The entire budget for law enforcement is 75,000 crores. But the budget for National Rural Employment Guarantee is 48,000 Cr. That is just one of hundreds of welfare schemes. Recently they mindlessly waived off farmer loans worth over 10 billion dollars.

India ranks on bottom on every socio-economic-political measure of human prosperity such as education, health, freedom of speech, ease of doing business.

Less than 2% of the country pays incomes taxes. As compared to 55% in Switzerland and 48% in United States.

Government of India throws out freebies to their vote banks: free power, free loans, free this, free that. Freebies have made Indians dishonest, lazy and immoral.

Continue Reading

Get the BEST talent, and do not grudge what you pay for it. Views of Lee Kuan Yew, the ultimate guru of governance

Singaporean teachers feel unhappy at the higher salaries paid to native English teachers. Well, this cannot be avoided. We have to pay them what will bring them to Singapore – the market rate in the UK plus an extra to attract them to Singapore. I frequently meet expat bankers, executives of multinationals, indeed occasionally expat officers working for the Singapore government on contract, who are paid more than I am. I have learned not to let it disturb me. – Lee Kuan Yew

Continue Reading

Lee Kuan Yew – the grandmaster of governance who was on par with Chanakya

Too great a disparity between ministerial rewards and what Ministers, with business experience and professional qualifications, could earn outside will make it increasingly difficult to assemble a successor government. No salary, however generous, can ensure the complete honesty and integrity with which Ministers must discharge their duties. Honest mistakes or errors of judgement by Ministers, however costly, are not as damaging to a country as the suspicion of bias because of corruption. Once a government is tainted with this, the contamination spreads throughout the administration. Then we shall go down the slippery slope, at the bottom of which are carcasses of so many corrupt governments whose peoples have had to suffer for the dishonesty and greed of those in authority. – Lee Kuan Yew

If government workers are adequately paid, they deserved to be punished with severe penalties when they take bribes. – Lee Kuan Yew

The laws against corruption should be tightened to shift the onus of proof onto the person who possesses more assets than his income warrants. Two or three big fish brought to justice successfully, will have a salutary effect on everyone. – Lee Kuan Yew

Once a political system has been corrupted right from the very top leaders to the lowest rungs of the bureaucracy, the problem is very complicated. The cleansing and disinfecting has to start from top and go downwards in a thorough and systematic way. It is a long and laborious process that can be carried out only by a very strong group of leaders with the strength and moral authority derived from unquestioned integrity. – Lee Kuan Yew

It is a constant fight to keep the house clean. As long as the core leadership is clean, any back sliding can be brought under control and the house cleaned up. … The President now also has the power to overrule any Prime Minister who stops or holds up an investigation for corruption against any of his Ministers or senior officials or himself. – Lee Kuan Yew

Money politics is at the heart of the problems in many countries in Asia. ‘Money politics’ is a codeword for buying of votes to gain power and after gaining power to recover your expenses plus some profit for the next round of vote buying. There is no money politics in Singapore. The integrity of Ministers and public officials is fundamental for political stability. Politics in Singapore is all above board and so has not been troubled by such politicking. – Lee Kuan Yew

Continue Reading

“India is a nation of unfulfilled greatness. Its potential has lain fallow, under used.” – Lee Kuan Yew

EXTRACT

Like Nehru, I had been influenced by the ideas of the British Fabian society. But I soon realised that before distributing the pie I had first to bake it. So I departed from welfarism because it sapped a people’s self-reliance and their desire to excel and succeed. I also abandoned the model of industrialisation through import substitution. When most of the Third World was deeply suspicious of exploitation by western MNCs (multinational corporations), Singapore invited them in. They helped us grow, brought in technology and know-how, and raised productivity levels faster than any alternative strategy could.

When I published the second volume of my Memoirs in 2000, I wrote “India is a nation of unfulfilled greatness. Its potential has lain fallow, under used.”

Read the full speech here

 

 

Continue Reading
Continue Reading