Garden of Life: Governance of Governance


By

Sunil V. Chaudhary
Faculty
SEMCOM
V.V. Nagar
 


Every five years we elect our government. Government is all powerful and can take all political and economic decisions. There is good saying with great power comes great responsibility. Another saying is power corrupts, absolute power absolutely corrupts. Now ask yourself a very common question just like a shareholder of a company, are you happy with your government and its decisions?

Let me make this task easier for you by asking you few important problems facing Indian economy which consist of people like you and me or us.

1. Can you afford to buy a new home?

2. Are you happy with prices of day to day necessities like vegetables, food grains, milk and other items?

3. Are you satisfied with your income and expenditure?

4. House wives are you worried about your Kitchen budget or are you happy with existing prices of food items?

5. Citizens how safe you feel in your country?

6. Citizens your happiness index has increased or decreased?

We had lot of talk about corporate governance. We want our corporations to be transparent and fair in their operations and its reporting, as shareholders money is involved. Now imagine what shall be the accountability of government which touches the lives of all of its citizens. Sadly we get to vote only once every five years and hence any majority government is made accountable only at the end of its term of five years. I don't want to say that every year there should be election but at least there should be some mechanism to make governments accountable and responsible to its citizens on a continuous basis. News papers talk about high GDP growth rates, economy with strong fundamentals, booming stock markets and India's increasing influence in world economy. But just think about how many Indians are having three basic necessities of life food, clothing and shelter and answer of inclusive growth and high GDP growth will be clear. When vast majority of people are worried about their day to day necessities it will be foolish to say that we are a very vibrant and growing economy.

The increasing food inflation is a major concern but sadly nobody is bothered about it. Since last two years there has been a sharp increase in the prices of basic necessities of food, clothing and shelter, which has affected the rate of savings and standard of living. The solution does not seem imminent till next election.
 


Sunil V. Chaudhary
Faculty
SEMCOM
V.V. Nagar
 

Source: E-mail February 27, 2010

          

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