Tuesday 16 August 2011

Corruption and Lokpal

        CORRUPTION..............the first thing that comes to our mind is politics .But today its scope is much beyond this.It is deeply rooted in our society.In fact ,you and me are also among the list of culprits who are perpetrating this phenomina.You may wonder how.In the past,when we were applying for a DL,during the police verification for the passport ,we might knowingly or unknowingly indulged in this.In fact it became a custom.Even in corporate sector, we see people throwing gifts and parties to bosses to get the things done in their favour, this is nothing but corruption.
     The seeds of curruption were sown througout our evolution.Man being a utility maximiser, always tries to maximise his benifits .At times he compromises with ethics and morality.This is the source of corruption in the society.As per the current state of affairs,it seems to me that we reached to its culmination.It is high time that every one of us has to play our own part to envisage its peaceful demise.
    Coming to the current debate on Lokpal ,both the parties(team anna & govt) are partially valid in their view points.We cannot completly deny any one of them.Lokpal's jurisdiction vis-a-vis PM became a center point of the debate.This is a complex issue and worth a pragmatic insight.Nobody is above the law and PM is not an exeption to that.But if we bring PM under lokpal ,in a vast country like India with different shades of openions and views,every other day a complaint would be filed against PM and that follows procecution.In this kind of turbulant environment,how can a PM work upto his potential?And he being the supreme executive,entire administration would become disfunctional and unstable.It requires a serious debate in the parliament and accordingly a decision has to be taken.
     Next comes the judiciary.Our constitution vested a tremendous responsibility on judiciary to uphold the constitutional values in the society.And it is also very particular about separation of powers between the three pillers of state  namely executive ,legislature and judiciary.In such case,to what extent, is it appropriate to bring Judiciary under the purview of  a supreme Lokpal?
      Lord Acton(an eminent scholor ) very rightly said that power corrupts and absolute power corrupts absolutely.What is the gaurentee that a supreme Lokpal as suggested by Anna and team would not fall prey of the corruption just like the way judiciary,executive,Legislature are suffering now?I am afraid,that it would become a Frankenstien's monster.
      I am not denying the necessity of any Lokpal kind of institution.But I beleive authority without accountability could lead to despotism.So there should be proper checks and balences to its power and authority.By the way, this is what our constitution says through "doctrine of separation of power".
     At the same time Lokpal cannot be a mere advisory body as conceived by the govt .It should be empowered to initiate procecution on its own.The entire govt mechinary should be put under its purview.Judiciary should be out of purview of Lokpal.Judicial suprimacy cannot be encroached upon as it is against to the basic structure of constitution.Present Judicial accountability bill will take care of judicial corruption.
      Finally,we should realise that the major problem does not lie in the tackling mechanism or laws which are in place, but  it lies in the people and the society where corruption breeds.Hence,onus is on every one of us to root out corruption which is directly or indirectly linked to our day today life.Then only the so called Lokpal could  be effective.   Yes,the movement has began and I am sure that it is just a matter of time to experiance a brand new corruption free India.

Saturday 13 August 2011

USA is trumbling!!!

      United Stated of America is trumbling.It is a bit hypothetical to say but nonthless it is true that the bad days have started for US way back in 2008.The recent Debt crisis and the consequent  downgrading of US govt. by 'Stndards and Poor ' is another step in the process.          
      This would have huge repercussions on the world as a whole as all most all the world powers are either directly or indirectly linked to US.The global trade is heavyly dependent on dollor.Any fluctuations in its value would severly impact the trends in trade.The countries which are dependent on US market may lose heavyly.China is one of them.Majority of its exports goes to US, it has to face tough times.                
       As far as India is concerned ,Our IT industry could face some problems as it is closely linked to US.Also our stock markets may go down but for a shorter period.But in the long run this would be helpfull for Indian markets in particular, and Asian markets in general as these are the best alternatives investment destinations to US in current scenario.Despite these facts,there is an inherent advantage for India in terms of crude oil.As the demand for it drastically goes down due to US recession,its price may fall sharply.This could be a great boost to our import bill as more than half of our imports by value is crude oil. This is a respite for indian economy and the current inflationary trends.The money which is saved in this process can be diverted to social sector.Thus this time there are more advantages than threats to India by the crisis.          
       USA is trumbling .It doesnot mean that all the people would go homeless,foodless or jobless .But it means that the hegemony of USA in the world economy is diminishing.In the short run this may create problems to the whole world .But in the long run it is not.Certainly the Asian gaints would fill this vacume .We should be happy that India is one among them steering the global economy from the front.