He avoids explaining the reason which contributed in escalation of  fiscal crisis and avoids answering questions related to fiscal problems such as which are the factors responsible for current fiscal and current account deficit, why gap between rich and poor is widening, why price are unbridled, why inflation in beyond control, Why corruption at all level has gone beyond control , why there is mass revolt against FDI and rise in fuel cost, why a few rich have become billionaire in two decades and more than hundred crores of Indians have become poorer in the same period, etc

It is ironical that the government is once again constrained to put in action so called hard reformatory policies to diagnose the current fiscal problems caused by their own reformatory policies of last two decades. It is just like an allopathic doctor who prescribes medicine to cure one disease of the patient but the medicine when taken creates more problems than curing the one which existed before the consultation of the doctor. Similarly Doctor Manmohan Singh prescribed certain course of action to cure the 1991 type crisis which created the bigger crisis and hence he now feels to keep the country under ventilator of FDI and disinvestment. He is selling the assets which his forefather earned and accumulated during pre-reformation era.

People of India are crying in pain of price rise and that of rampant corruption, government seems helpless and constrained to initiate all possible anti -people policies even at the cost of unity and integrity of the country. States are divided now in the way various monarchies used to be divided during British rule. Now states have started talking of infiltration of people from other states as a burden, sharing of tax with central government as anti-people and so on. On the other hand central government is using money collected through various taxes and collected through various states to enhance the prospects in election. They do not hesitate in announcing populist measure like e waiver of loan, or nine subsidized cylinders to people of Congress ruled states and so on.

Lastly it will be the chance of voters after suffering in pain continuously for five years, when they will decide the better course of action suited for the country like India.

You may mail your views to me at 

dkjain49709@gmail.com

To read more, clik folowing link

http://danendrajain.blogspot.in/2012/09/now-c-rangarajan-admits-that-hard.html

http://importantbankingnews.blogspot.in/2012/09/bankers-fear-telling-spade-spade-they.html