1072 If Mr. Narendra Modi is a Prime Minister of 'Yeh masla hai kya (What is the Problem?', will Mr. Rahul Gandhi be a PM of 'yeh masAla hai kyA? (What is this pot-pourri?)'

Photo modified by ybrao-a-donkey. Due apologies to PMOI and FMOI.
Utterances of our Rulers are like acts of our past birth. In 2012, Mr. Arun Jaitley, BJP Leader in Rajya Sabha,and present Finance Minister, spoke about Weakness of Indian Rupee, and the Evil of Increase in Prices of Petrol and Diesel. See the following Video, at youtube.com.:--
Above are some screenshots from the Video.

Click here to go to PM's Youtube Video https://www.youtube.com/watch?v=FKkkxUDIawQ


Click here to go to https://www.youtube.com/watch?v=iJQxjwlEBqEsee the Video in which Mr. Arun Jaitley, Finance Minister spoke about Weakness of Rupee, and Increase in Petrol Prices.

Question: It appears as though that Mr.Narendra Modi and Mr. Arun Jaitley have failed in maintaining a sort of stability of External Value of Indian Rupee. Do you think that, Mr. Rahul Gandhi, if elected to power, can uplift and stabilise Indian Rupee?

Ans: Ideal Position

Ans: In an ideal situation, be it Indian Rupee, or any other International Currency has to find an equilibrium for its external value, on the basis of demand for it from Foreign Buyers, and other Remittance Senders into India,, whereas Supply of Rupee comes from Indian Importers, and other Outward Remittance Senders from India to abroad.

This type of Ideal Situation might have been possible some decades back when there were no/few Foreign Direct Investments and Foreign Portfolio Investments into India.Those were days when Balance of Trade and Balanace of Payment Components were few in number, and were less complex. Today, the Fluctuations in Receipts and Payments relating to Foreign Investments seem to dominate India's Balance of Payments Current Account Position.

Though most of the Foreign Investments into India, unlike the Foreign Investments into China, are believed to be Recycled Remittances of the Money Laundered funds of Indian Corporates, and Indian Industrialists, somehow even they seem to be subject to vicissitudes and vagaries of Algoriths operating in Europe, North America, and Tax Haven Countries which decide when to invest and when to withdraw sometimes based on Mathematical Reasoning, and sometimes based on Intuition or hunches or beliefs. Consequently, even for minor or flimsy developments in global markets, Foreign Investors sell away their Investments or buy in bulk.

Mr. Rahul Gandhi may not have necessary inclination or time to study these intricacies and discuss with Finance and Commerce Ministers.

This is a problem with almost all the Prime Minsiters who ruled India ever since Independence, with the probable exception of Mr. Manmohan Singh. Though Mr. Manmohan Singh is regarded as an Economics Expert by virtue of his studies at London School of Economics, the 1991 Reforms initiated by him ever since 1991, do not prove that he acted with a "Studied mind". Reason: Anybody, who has a very basic idea about the unreliability and volatility of World Investment Streams will never create an Economy which is dependent on Foreign Investment Flows. Of course, Mr. Manmohan Singh may not be the only Finance Minister on this Earth, who crave for Foreign Investments.

Almost all the Economic Advisers to Indian Government are those who have worked with IMF, World Bank etc., or worked as Professors in Euro-American Universities, and they have brain-washed intelligences, and their Intellects have lost their intrinsic worth(s).

Mr. Narendra Modi seems to be his own Economic Adviser, who seems to believe that he does ot need guidance with IMF-World-Bank brainwashed Experts, or Indigenous Experts. This may be the reason for Mr. Narendra Modi's sudden secretive announcement of Demonetisation on 8th Nov. 2016.

Here is an Article by Mr. Aakar Patel, Renowned Writer, in Deccan Chronicle dated 11th Dec. 2016, about Mr. Narendra Modi's style of taking decisions and signing files: Click here to go to DEC and study the Article. http://www.deccanchronicle.com/opinion/op-ed/111216/note-ban-success-test-of-pms-working-style.html

Courtesy above article of Shri Aakar Patel, from Deccan Chronicle: Mr Modi also revealed that he was a “good listener” and was able to absorb what was being said to him well. When I heard him say this I thought it made him vulnerable to the bureaucrats he was trusting because he is dependent and can be fed as much or as little as the officer wants him to know. In the style of working as Mr Modi describes it, a complex matter that occupies dozens and perhaps hundreds of pages in files is reduced to an oral summary. It is possible that because of lack of time or because the issue is overly complex, the oral summary is simplistic. "... On the basis of this summary, Mr Modi takes a decision and this is then executed through the administration. This style seems to have worked well for Mr Modi because he is thought of as being a good chief minister in his 12 years in Gujarat. These days, however, I have been again thinking about Mr Modi’s style of taking input in this form when taking decisions. That is because the Supreme Court is asking critical questions about the way in which the demonetisation policy was rolled out. The court wants to know if the policy was planned properly, or a decision was taken “just like that” when Mr Modi scrapped Rs 500 and Rs 1,000 notes on November 8. ..." "...Another important thing he revealed was how he actually worked. Mr Modi said he doesn’t read files. This I found to be unusual in someone who is so decisive because one needs full control over the subject if one is eager to take big decisions. But Mr Modi says he cannot govern through “academics studies (sic)” and instead asks his officers to summarise all issues for him, and brief him orally. They are expected to go through the file and tell him, as he put it, “yeh masla hai kya”. He said he had the capacity to figure out the delicate contours of these issues without actually reading about them. He said this is because “mera itna grasping tha”. ..."

ybrao-a-donkey's views which are not intended to be imposed on Readers

This practice of PM's signing files on the basis of 'oral summaries' made by his Assisting Officers, after asking 'yeh masla kyA hai' seems to be a very dangerous practice. Nor that a Superior should suspect everything which his Subordinates bring for signing, but we have to keep in mind that Subordinates can also make mistakes or even blunders. Or else, there should be no need need of concentrating all the Powers in the Prime Minister.

Mr. Rahul Gandhi also appears to be a less serious person uninterested in Principles of Economics. Obviously, he seems to depend for his activities and speeches on the persons surrounding him.

Question: Do you mean to say that Mr. Manmohan Singh was surrounded by novices in Economics?

Ans: Definitely not. I mean to say that Economic Advisers of Indian Prime Ministers (probably Prime Ministers of many underdeveloped and developing countries of the World) are surrounded by IMF-World Bank-WTO and Schools of Euro-centric Economics/University trained Economists, who have not only pro-industrial bias, pro-Multi-National bias and skewness, but also seem to suffer from an un-self-controllable itches to enforce what they learn in those Institutions and Organisations.

On the other hand, most politicians of Developing and Underdeveloped countries (with the exception of Advisers to and Executives of, Dictatorial regimes) face a need to continuously tune themselves to the needs of Poverty-stricken and Sop-craving Voter-classes feeding which requires Welfare Economics.

Question: What is that you are upto? Are you confused?

Ans: There is no confusion. These subjects under our discussion are very wide, and hence some cramming seems to take place, when I try to compress into space of one blog post page, or a few blog post pages.

We started this Blog Post with the links of criticism made by Mr. Narendra Modi and Mr. Arun Jaitley about falling Rupee, and Increase in Petroleum Prices. One important feature which we cannot omit to notice here is: Should Opposition Party politicians before making scathing criticism(s) against Ruling Parties and Governments, think ahead of the times when they will come into Power, and will have to adopt the same policies, because the Economic Philosophies of all the Rightist, Centrist, Centrist-Left Parties are nearly same, notwithstanding their occasional electoral postures and position-ings?

This is important because Mr. Rahul Gandhi is hammering the BJP day-in and day-out about the undue benefits given by Modi's Government to an Immature and Un-qualified Company of Mr Anil Ambani. We must keep in mind that Mr. Rahul Gandhi (or whoever else such as Ms. Mamta Banerjee's Front, X's Front, Y's Front with support from Mainstream Parties) are going to continue the same Economic Policies of Mr. Narendra Modi and Jaitley. That means, whichever Party/Leader comes into power in 2019 will have to / will continue the Rafael Supply Contract, together with its Anil Ambani component. We must remember, at least, as far as making / servicing of Fighter Aircrafts are concerned, the opportunities of HAL (Hindusthan Aeronautics Ltd. the Cinderella Govt. Company) seem to be sealed.

This is because, except in situations of compelling circumstances, Governments globally have a commitment to honor International Agreements entered into by Previous Governments. This cannot be ignored by Politicians, Top Bureaucrats and Advisers-to-politicians-and-Top-Bureaucrats, fortunately for them because, Public Memory and Voter Memories are poor.

Question: Do you mean to say that Newly Succeeding Governments who follow rotten Regimes cannot / should not have a leeway to adopt Innovative Policies to reverse the Decay which has set in?

Ans: If a Newly succeeding Government which initiates sweeping Reforms , if it believes that it is overburdened with international debt, and obligations arising from commitments made to Foreign Investors, try to postpone or avoid honoring such international obligations, there may arise a risk of losing International Credibility. For this reason only, Governments in some countries have a system whereby they may require every major International Agreement and Policy change to be placed before their Parliaments and get them ratified with appropriate majority.

In International Economic Arena, the Issues of- Countries defaulting in their International Economic Obligations are usually classified under "Sovereign Risks", "Country Risks", and obviously they become Political Risks. On the other hand, individual Parties such as Corporates and Industrial Giants, when they default in honoring their payment and performance obligations, risks arising from such defaults, come under Commercial Risks.

Ordinarily Commercial Risks seem to arise from Political Risks, though vice versa cannot be ruled out. Besides, Political Risks can also arise from Commercial Needs and Pressures of Corporates.

Question: How will you explain all these things, in the context of your avowed objective of spreading Atheism and Marxism (or Modified Marxism/True Total Socialism)?

Ans: Apart from viewing porno videos, probably as a part of their Sexual Education (Not the Science of Sexual Hygiene or Behaviors), every denizen of World Working Class, has to study some Patho Physiology, some Pharmacology, and in addition, some Poverty Economics and Exploitation Economics. Poverty stricken and Exploited Working Classes have a long way to go. Then only, they will be able elect their Representatives who will not only have honesty, but also Competence.

Incomplete. Shall complete and reedit shortly.