Monday 1 December 2008

At last a real job for Dr. Manmohan Singh after 4 years!

It is an usual tactics played by the political parties the ones in the power and others aren't!

Dr. Manmohan Singh our esteemed Prime Minister has got another feather in his portfolio by minding the FINANCE too, after shifting Finance Minister Palaniappan Chidambaram to the home ministry to tackle the threat of terrorism in the wake of shootings and bombings in Mumbai.

It my feeling that our PM now got 'real job' in terms of his tenure as PM of India since last 4 years, our ex-finance who opened up India to foreign investors as finance minister in the early 1990s, must now shield the economy from the effect of terror attacks and a global recession. With this 'real hands-on job' it will be a better turn for him to concentrate with his brains to guard the economy, by not simply operating on a remote-control basis.

On the other hand the current facilities & fancies we are enjoying are real-fruits for such economic planning by Sri. P V Narasimha Rao and Dr. Manmohan Singh. It is good to remember that India’s economy, which grew last quarter at the slowest pace since 2004, is suffering as a credit crunch curtails bank lending and a global slump hits exports. The worst terrorist attack in 15 years may also spook overseas investors, who have sold a record $13.5 billion of Indian equities this year.

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