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2G Scam is worth Rs 1700000000000. That is Rs 1.7 Lakh Crores. Who is responsible for it? Many. But the list would start with the telecom minister Mr. A. Raja. The irony is that he is still in his chair. Reason? His party supports one of the most honest men to retain his chair of PM. Do people of India win in the end - corrupt ministers costing it billions while honest Prime Minister sits on his chair? We know the answer. The BJP says that the PM is guilty of not taking a firm stand on 2G issue. The accusation is right. “Prime Minister is guilty of culpability of not taking a stand firmly and not acting beforehand before the damage was done. He is guilty of it and we are charging that,” BJP spokesperson Prakash Javadekar told reporters outside Parliament. http://timesofindia.indiatimes.com/india/PM-guilty-of-not-taking-a-firm-stand-on-2G-issue-BJP-/articleshow/6988182.cms#ixzz16ILh1BVL The Supreme Court asks the CBI why it didn’t questioned A Raja. It knows the answer but needs ev...

I want to make two comments on American President Barack Obama’s recently concluded visit to India. What Obama Wanted: During the most of his visit, Obama acted like the CEO of USA, which is good as such. His visit seemed to be focused only on a few issues related to interests of the US. And he got what he wanted – several publicized deals. Though I don’t think the much touted 50,000 jobs is a big deal. Population of US is 31,02,16,000 and with 10% unemployment rate, absolute unemployment becomes 3,10,21,600. 50,000 is only 0.16% of the unemployment figure. Even if he visits 100 countries in a year and win 50,000 jobs in each nation – he would only make up 16.11% of the unemployment figure. The remaining would be a challenge hard to tackle. This is why I see error in his strategy of “winning jobs”. He should be doing something for American economy and a boastful economy would generate far more jobs. (Though controversial, but facilitating the sale of some American companies to Indian o...

There are some fundamental principles which managers and economists follow for better effectiveness. One of them is: “Cure the cause, not the symptoms.” After reading Barack Obama’s recent comment, I wonder when he would understand it. I have to protect American jobs: Obama on outsourcing President Barack Obama indicated that he was unlikely to accommodate India’s concerns about his policy of discouraging outsourcing of US jobs, saying it was his responsibility to support jobs and opportunity for the American people. Obama has recently spoken against outsourcing of American jobs to countries like India and offered tax breaks for those creating jobs in the US. http://www.ndtv.com/article/india/i-have-to-protect-american-jobs-obama-on-outsourcing-64306 (Nov 3, 2010) I strongly believe that a dearth of jobs in an economy is a symptom rather than a cause. It is a symptom indicating towards some rot beneath a decently looking economy. It should ideally make one re-look at one’s economic m...