Business Standard
Sunday, Nov 08, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
  Home  ||||||||| 
 BS Headlines | News Now | BS Weekend | The strategist | The Smart Investor | Lunch with BS | Columnists | BS 1000
  Hindi | E-Paper | Motoring  | Live Markets |  Smart Portfolios II  | Blogs | Portfolios >
  Search:

T N Ninan: Why it won't work
Those in public life have twisted the system into one that suits their purpose, not the public's
T N Ninan / New Delhi January 3, 2009, 0:29 IST

 
 
News Now
Paper
Specials
- Hat-trick of gains
- Jubilant Organosys to invest Rs 250 cr this fiscal
- G-20 launches framework to promote global economy
- Intrasoft Tech files DRHP with Sebi
- Apollo Tyres to hike prices soon
More  

There has been no denial from the BJP, so there must be truth to the reports that Rs 2.5 crore have been stolen from the party office. There has been no police complaint either, which suggests that this may have been unaccounted money that the party does not want to talk about (bear in mind the Tehelka tape of Bangaru Laxman accepting money).

In Auriya, an MLA belonging to the BSP has been arrested in connection with the killing of an engineer working in the state public works department, apparently because the engineer had not contributed to the fund-collection drive, ahead of Mayawati’s birthday when her party faithful make large donations to her. For the last tax assessment year, Mayawati paid advance tax of Rs 14 crore. She has also listed ownership of 72 properties and 54 bank accounts. She has sourced her wealth to gifts from the party faithful.

In Delhi, the High Court has pulled up the surface transport minister, T R Baalu, for changing the chairman of the supposedly autonomous National Highway Authority of India five times in two-and-a-half years. The case was filed by two companies that felt unfairly excluded from a highway contract. The government said it had no involvement in the matter, but NHAI pleaded in court that it acted under instructions from the ministry. In carefully couched terms, the High Court said that frequent change of chairman subverted “the concept of an independent authority and makes any chairman vulnerable to pulls and pressures”. You can read between the lines as well as I can. As it happens, the highway programme has made slow progress during Mr Baalu’s four-year tenure as surface transport minister, because for long stretches of time no projects were handed out.

It is not just the roads, but also the railways where senior public servants are chopped and changed. Rail Minister Lalu Prasad, for instance, wanted to acquire the right to transfer general managers of the zonal railways from one zone to another—a flexibility that so far has not existed. Officials in the PM’s office and in the Cabinet office struck it down. Not one to give up, Mr Prasad took it up with the Prime Minister, he got his permission, and now it is even more open season in the railways than was the case till now.

I don’t need to use the ‘C’ word. So what’s new, you might ask. Here’s what: in the extended debate on tackling the economic slowdown, one solution that has repeatedly been mentioned is increased spending on the infrastructure. But look at the institutions that are supposed to build the infrastructure, and it is obvious why this is not a solution. Those in public life have twisted the system into one that suits their purpose, not the public’s. The quality of governance has descended to levels where governments are simply unable to do what is required.

In New Delhi, pronouncements are made about more money being made available for the infrastructure sector. But at a CII meeting on the subject recently, the chairmen of the Punjab National Bank and of the India Infrastructure Finance Company declared that they had money to lend, and asked: Where are the projects? Suresh Tendulkar, chairman of the Prime Minister’s economic advisory council, said the same thing earlier this week: when it comes to investing in infrastructure, the constraint is not money.

Is there a link between corruption and poor governance, and indeed the slow paralysis of government? You bet. Arun Shourie got it right when he said during his lunch with Business Standard recently that “growth is hiding the problem”. Now that rapid economic growth has gone, we are left staring at the problem.

  Read Business news in 
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Great Indian telecom boom begins to ring hollow
- Vendors to share BSNL's 3G ad spend
- Profit booking seen next week
- Wkly Tech Analysis: Nifty may move in 4,640-4,900 band
- Gold hits record high on strong demand
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should the private sector be allowed to manage urban water supply?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback