Tuesday, July 28, 2015

THE ACCOUNTABILITY IN PUBLIC ADMINISTRATION.

< THE ACCOUNTABILITY.” 1. “Fate of 400 million people of the Country can not be left in hands of incompetent Rulers.” 2. “Population of the Country will cross a billion mark by end of this century.” 3. “Fifty percent of the population of the Country will die out of hunger and drought without food and water in the next twenty years.” =Sir Winston Churchill. Cabs are yellow and Crows are black everywhere. Our Country has remained a safe haven for Smugglers, drug-traffickers and tax-dodgers swindlers money launders and so on. If caught, all you have to do is to flutter few hundred-rupee bills and you are off the hook. In name of incentive for export etc, Export Oriented Units have crossed the limit in committing mal-practice. As per trade reports, as openly talked in inner circles, a merchant exporter took away home net fifteen crores with connivance of the Officers by taking an EOU unit. To us a sum of fifteen crores seems large, in the eyes of Government a sum of 1500 crores loss of revenue from EOUs is peanuts. Other raw material is quality yarns on lines of Japan yarn. There are agencies supplying the same in required quantity. All get enough of quality yarns without any duty paid on it. More and more processing units to process textile fabrics are coming up. Folding house, non-power units-in short all of them have made their arrangements with the local staff and pay one tenth of the duty and have not to worry. On a gate pass ten trips are considered a normal way of doing business. Odd and very high rates of duty have forced the trade to make their own arrangements to survive. Ready Printed Bill Books with fictitious name address phone number etc. of merchants is available in bookshops. Every-thing is streamlined standardized and accepted as normal way of life. Government loses millions and billions by way of duty evasion. Only forty percent of the duty is realized. In all other excise items same practice is adopted. Political climate of the country is responsible to allow the trade to cut corners to such a great extent. In no other country of the world such a helpless and hopeless situation exists. Since Independence we have received Billions of Aid, Grant Subsidy and Loans and help from International Agencies. The income from Excise duty and Customs has come more than the fixed targets for the last 50 years. As Per Value rates of duty were introduced to earn more revenue. For 50 years, the Government has widened the excise duty and customs net by enhancing duty rates. Revenue income has skyrocketed. Duty on newer items was introduced in every budget. The result is nothing is left now. It is time for the Government to take such measures that people would take interest in the activities of the state rather than being idle spectators to the methods of the state. Taxes were reviewed every year. Taxes have to be reviewed once in Five years for sake of stability and uniformity. Our Country would have been number one rich country in the world. We joined the wrong block. We did not adopt policy of free market and competition. We burnt bridges with group of progressive nations. Rich in natural resources, blessed with strong family ties, and hard working people, we were destined to be a recognized nation in the world arena. These hopes have been tarnished by political corruption, civil unrest and faulty Government policies. Our Country is a sleeping Giant. Many countries of the world want to let sleeping giant sleep. But now this is not so. The sleeping giant has been aroused. Le Voix de la Populi. It is the Court of Last Resort. Voice of the People is FINAL. The Government will have to answer. We were in sound slumber for the last fifty years. The Government will have to publish a list of all aid help grant subsidy loans received and an account thereof as to how much of it was spent where and how much of it had lapsed unused. We have been repaying loans and interest on loans by which others had benefited. By now we would have been one of the wealthiest countries in the world. By now we would have been moving in our private Helicopters. The Choppers would have taken place of cars automobiles. Most of us would own his own chopper. Car automobiles enabled us to move anywhere at our sweet will. Choppers will now replace cars etc. Airplanes have replaced the railways. Air-journey has challenged existence of railways. Choppers need to be modernized in point of view of low price safety and quality. STOP PRESS. Herein below is a very sensational piece of information. As always the TIME is the first to report to its Readers that an unprecedented type of Bank Crisis is in the offing. Our Country is passing through a very serious Bank-Crisis worse than any Country in the world has ever witnessed or experienced. Every nook and corner of the village town and the city was gifted with a co-operative bank in the country. Banks were nationalized with a stroke of Pen in l969. The Bank sour loans scam has threatened the economic and financial Stability of the country. Loans were distributed as if they were a donation or a gift, or a charity. It has turned sour. They are not recovered. Nationalized Banks, Other important banks and Co-operative Banks run into Scams of millions and billions. Banks have been struggling with bad loan problem. Nobody speaks. Nobody wants to say the figure. All know. All murmur but keep quiet. If the economy faltered it could get worse. It is reliably learnt that more than half the loans have not been recovered. They are classified as non-performing and lost. Big banks are struggling with bad loans; small co-operative banks throughout the length and breath of the country are struggling to hide their faces avoiding contact. Co-operative banks disbursed huge loans to non-existent parties with fictitious guarantors. This is an understatement. They have funneled huge sums of money into state enterprises because of political pressure and or personal ties to the borrowers. The Bank Managers wanted to protect their jobs and their face in the local community and went on carrying out the wishes of Board of Directors. The Directors do not want to take the blame. They toss the blame on the Managers. Government has to promulgate an Ordinance on lines of MISA and send all of them first of all in jail behind the Bars. The Government will have to recapitalise the system. It may help for a while. It can not stop the hemorrhaging from bad non- collectable loans and by the end of theYear average capital adequacy ratio may fall around five percent, that is below the Eight percent of the global standard. Accountability is a powerful weapon. Use it. The bureaucrats shudder with name of accountability. The period of slogans is over. --------------------------------------------------------------------------------------------------- 

No comments: