Austerity Drive – Update – Government Inefficiency

2 November, 2009 at 11:48 Leave a comment

An update on how the austerity drive is performing vis-a-vis the stated aim to save a conservative, yet whopping, 30,000-crores INR (roughly, 6-Billion USD)…

While the finance ministry has no real numbers on how much was actually saved, or if the austerity drive has been implemented, and in those cases, if it was successful (there have been several jokes and cartoons in the media) the bigger question is how did they even arrive at a goal/aim/objective of saving 30000-crores? Who did the analysis and the planning? Further, if this was just an initial conservative estimate as has been told, what is the potential savings? Digging deeper, if this is just the savings from becoming more austere, what are the projected savings from becoming more efficient and being more accountable to taxpayers? Midway through the hole, we also have to ask how grossly inefficient is the Indian government and bureaucracy? These are not small numbers that we are talking about. These are GDP scale numbers of small emerging countries and large corporations to put things in perspective. So, we have to ask big questions.

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    Entry filed under: Citizen-Journalism, CWorks, Economy, India, Life-Theories, News-Media, Politics, Poverty.

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