Showing posts with label UPA Government. Show all posts
Showing posts with label UPA Government. Show all posts

Tuesday, October 16, 2012

Fence sitting groups

The UPA gave a great lesson in coalition politics – form GoMs whenever allies question you. But these groups achieved little, says Pramod KUMAR

Last week, when External Affairs Minister Pranab Mukherjee was asked as to what was the final report of the Group of Ministers (GoM), which was formed to decide upon the creation of smaller states like Telengana. His answer was that the GoM was abolished the day TRS (Telengana Rashtriya Samiti) separated from UPA.

Well, this is not the first instance where a GoM has either been dissolved after some time or has failed to come up with a solution to a problem. In fact, UPA has mastered the art of forming GoMs, which always follow the ‘go-slow’ strategy and finally turn out to be redundant. Till now, 32 GoMs have been formed under the UPA government under all heads including communication, SEZs, social security, et al, but almost all of them are still hunting for an amicable solution to the problem entrusted on them. “Whether it be the issue of inflation or social security, the government has proved to be inefficient on every front. The reason is that the government is not clear on its policies and as such, it has followed the go-slow strategy. Whenever the NDA or the Left raised a question on any of their policies, 10 Janpath used to send a signal and a new GoM was formed and Pranab Mukherjee was made the head,” former Finance Minister Yashwant Sinha tells B&E.

So the question is what was the necessity to form so many GoMs? The reason is clear, UPA was functioning on the support of the Left and was getting constant questions from them on the policies, particularly the ones related to the economy.


Source : IIPM Editorial, 2012.

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Friday, May 27, 2011

Government in Standby Mode Regarding Petrol Price Hike

With global crude oil prices on the downswing, the UPA government is adopting a wait-and-watch policy before taking the political plunge to raise prices of controlled petroleum products —diesel, cooking gas and kerosene.

Though the buzz was that the Empowered Group of Ministers (EGoM) — which is authorised to decide the increases — was likely to meet on June 9, sources said there was no official confirmation from the EGoM chairman’s office to freeze that date for the meeting. The delay in holding the meeting, first scheduled for May 11, has eased the headache for the UPA as the under-recovery has significantly climbed down, except in the case of domestic LPG, from what was estimated at that time.

Based on a fortnight-ago prices, the losses in June on petrol would be a meager Re 1 a litre compared to Rs 5.50 estimated when its price was last raised on May 15. Loss on diesel would be down to Rs 12.45 a litre versus Rs 16.17 in the first week of May. Similarly, the under-recovery on kerosene would be around Rs 26 from Rs 28.28 a litre. However, under-recovery on cooking gas would climb to Rs 380 from Rs 329.73 per cylinder.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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