Dullards Crippled Planning Commission, Montek-Pitroda-Parikh
December07, 2014 (C) Ravinder Singh ravinderinvent@gmail.com
In response to Lame Duck debate on issue of usefulness of the Planning
Commission – it is important to first understand the functioning of
Planning Commission which Montek never understood and dullards in
Pitroda & Kirit Parikh crippled its functioning.
Idea of Planned Economy was floated and implemented due to FICCI led
initiative. Most good things are not implemented even today.
3.) ‘We contemplate that under the central government there will be a
national planning committee in which the various interests concerned
will be represented and to which the responsibility for drawing up
plans will be delegated.’ - A PLAN OF ECONOMIC DEVELOPMENT FOR INDIA
or Bombay Plan 1944.
5.) ‘We suggest that, in the production of these essential consumption
goods, the fullest possible use should be made of small-scale and
cottage industries. This will, besides providing employment, reduce
the need for purchasing expensive plant and machinery.’
11.) -- per capita requirements of a balanced diet in India would
amount to about 2,800 calories per day.
14) -- the accommodation required would be about 100 square feet of
house room per person.
1.] Planning Commission is Extension of Prime Minister Office as an
Independent Institution which is an ‘Expert Body’ Advising PM on
Development Issues.
2.] Coordinating between Centre and States on Budgeting & Development Issues.
3.] Check on functioning of all too Powerful FINANCE MINISTRY & RBI.
Montek Alhuwalia led Planning Commission FAILED in performing its
assigned function – he as Economist failed to distribute manage
Resources & Income Distribution, Sam Pitroda & Kirit Parikh were
dullards – Misled India on R&D and Energy & Project matters which led
to Crash of Manufacturing, Crisis in Agriculture and Corruption &
Inefficiency in Services.
Bank Credit to Industry was not monitored led to diversion and economy
dependent on Imports. Industry didn’t source capital from market –
IPOs & Fixed Deposits, neglected R&D, Crippled Patent Office, Farmers,
Small & Cottage Industry was starved of funds and support. Food
Processing alone could create 200m jobs.
Here is an illustration of how ‘Trading Booming’ - Flipkart within 5
years became $10b company. But such boom didn’t materialize in Most
Industries & Services sectors.
‘One of the first investors in Flipkart back in 2009, Accel had put in
a million dollars in the company, which is now valued at over $10
billion.’ TOI
Instead of Funding & Supporting ENTREPRENEURS & R&D requiring Start Up
Funds and Patents-IPRs - GOI funded Infrastructure projects upto 100%.
R&D Companies serve $70 Trillion World Market, didn’t materialize.
IITs as clipped here are reported SHORT OF FACTULTY, in actuality
IITans FLYOUT or take Sales/ IT Jobs – even IITs are ZERO Intellectual
Property Institutions.
India need VITALIZED Planning Commission Led By ‘Super Think Tanks.’
December07, 2014 (C) Ravinder Singh ravinderinvent@gmail.com
In response to Lame Duck debate on issue of usefulness of the Planning
Commission – it is important to first understand the functioning of
Planning Commission which Montek never understood and dullards in
Pitroda & Kirit Parikh crippled its functioning.
Idea of Planned Economy was floated and implemented due to FICCI led
initiative. Most good things are not implemented even today.
3.) ‘We contemplate that under the central government there will be a
national planning committee in which the various interests concerned
will be represented and to which the responsibility for drawing up
plans will be delegated.’ - A PLAN OF ECONOMIC DEVELOPMENT FOR INDIA
or Bombay Plan 1944.
5.) ‘We suggest that, in the production of these essential consumption
goods, the fullest possible use should be made of small-scale and
cottage industries. This will, besides providing employment, reduce
the need for purchasing expensive plant and machinery.’
11.) -- per capita requirements of a balanced diet in India would
amount to about 2,800 calories per day.
14) -- the accommodation required would be about 100 square feet of
house room per person.
1.] Planning Commission is Extension of Prime Minister Office as an
Independent Institution which is an ‘Expert Body’ Advising PM on
Development Issues.
2.] Coordinating between Centre and States on Budgeting & Development Issues.
3.] Check on functioning of all too Powerful FINANCE MINISTRY & RBI.
Montek Alhuwalia led Planning Commission FAILED in performing its
assigned function – he as Economist failed to distribute manage
Resources & Income Distribution, Sam Pitroda & Kirit Parikh were
dullards – Misled India on R&D and Energy & Project matters which led
to Crash of Manufacturing, Crisis in Agriculture and Corruption &
Inefficiency in Services.
Bank Credit to Industry was not monitored led to diversion and economy
dependent on Imports. Industry didn’t source capital from market –
IPOs & Fixed Deposits, neglected R&D, Crippled Patent Office, Farmers,
Small & Cottage Industry was starved of funds and support. Food
Processing alone could create 200m jobs.
Here is an illustration of how ‘Trading Booming’ - Flipkart within 5
years became $10b company. But such boom didn’t materialize in Most
Industries & Services sectors.
‘One of the first investors in Flipkart back in 2009, Accel had put in
a million dollars in the company, which is now valued at over $10
billion.’ TOI
Instead of Funding & Supporting ENTREPRENEURS & R&D requiring Start Up
Funds and Patents-IPRs - GOI funded Infrastructure projects upto 100%.
R&D Companies serve $70 Trillion World Market, didn’t materialize.
IITs as clipped here are reported SHORT OF FACTULTY, in actuality
IITans FLYOUT or take Sales/ IT Jobs – even IITs are ZERO Intellectual
Property Institutions.
India need VITALIZED Planning Commission Led By ‘Super Think Tanks.’
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