NEW NORMAL

 Much-awaited logistics policy was unveiled last week. it was declared in budget 2020, but it got delayed due to the pandemic. All details are out, but one thing which was remarkable all stakeholders from the government were present along with the commerce minister. It is a very significant change we saw in recent times. We are used to seeing individual departments or ministry used to declare their policy or vision but it is good to see all are coming together to address the issue which is very crucial to our economy. The policy which is formed on four pillars will reduce friction between users, logistics players, and the enforcement department as all will be able to see all their transactions as well as queries with dispute resolution. Human development is not present in the market for small entrepreneurs as the majority of players are small enterprises. The skill development of human resources has to be seen as a long-term investment rather than an inefficient expense. The truck ...

 So, we are moving towards the end of the monsoon season, and the last few days are remaining. The festival season is set to enter with Navratra around the corner. The festival season which started with Onam will reach its peak around this time. More than 40% of sales occur this time. Last few days we have heard lots of things which include the setting of the Fab and Semiconductor plant in Gujrat which will be 3rd unit under the PLI scheme, the Development of Greater Nicobar island.  The impact of environmental changes is fully visible in Europe as well as other parts of the world.  This year we saw heavy rains in Pakistan which submerged 2/3rd of Pakistan so the high temperature in Europe and deficient rain all over continental Europe. The same situation is in America both north and south so Africa, even we got uneven rain in season. The normal temperature in the month of June/July/ August is high as compared to the last few years or more. The coming winter will be also ...

 Stay focussed result will come, we often listen to these words from our beloved ones, it is true and true in future as well. The last few years were more or less disturbing for each and every one. Consistency was the need of the hour and getting moves right was an essential ingredient. We did our work on this front very late when we had no choice but to surrender the condition at that time. But, opportunity and reluctance to change were evident initially from each and everyone, due to our inability to change and move ahead. We somehow moved ahead but the work which was cosmetic in nature initially gave us some hope for the time to come. The reluctance killed our precious time but it also gave us time to change and see the best of the best in the world. Compared with China and other countries Asian tigers were done with us and how we are lagging behind them was highlighted. Consistently, criticism was good and slowly we started moving with many financial crises that happened during...

 Better late than never, it is true for everyone. Since 1991, when we opened up our economy to the world, the situation was there not the mindset of ours. The earlier regime was for only those who had access to the system.  The system opened up with shock but it worked for us very well with the old practice of Jugad and here system was and with elite one, as they have access to the system. The level of transparency was nearly nill. In the last 8 odd years, we have done major surgery in each segment of the system, as our system was on verge of collapse with non-stopped favor to near and dear ones. Since 2015, we started cleaning the banking system as legacy NPA with new ones getting added to it. After several restructuring and other solutions, it remained sticky. The system cleaning process started at the upper level with the freedom given to PSU banks for disbursal of loans as per policy and merit of the project, prompt corrective action was taken and banks started to clean th...

 Recently, going through the daily newspaper, the success of a few PACS was discussed. The stories in the newspaper are true as some of them are doing it professionally without any interference from the political class. These PACS are giving different kinds of credit support to their members like loans for seeds, pesticides, education, housing, marriage, etc. Also, they are taking deposits with a good return for them. The charges for loan or rate of interest is minimum for members. Other allied services like purchasing grain at MSP or above without any agent. The sale of these grains which generates cash with profit is distributed to members. A slew of reforms with PACS and cooperative banks were announced recently. The main reform which was carried out by the central government and the RBI is the professionalization of its board. Computer and software for 63000 nos of PACS. The annual income of farmers to be doubled is the desire of the government then cooperatives should be stren...

 Just a few days back we celebrated our 76th Independence Day i.e. Amrut Mahotsav of our Azadi. Now, we are entering into Amrut Kal which will last for the next 25 years, the challenges and opportunities in the coming years outweigh in favor of opportunities. We as a country, are a late starter in each aspect be it physical infrastructures like roads, airports, railways and other social infrastructures like schools and hospitals, etc. We opened up to the world after a long stint of socialism which miserably failed to achieve any good result other than favoritism. The net outcome of the socialist era was corruption and nepotism. In the opening up of the system to the world, we have gone through lots of changes in terms of execution and transparency. Earlier we used to work in an opaque system, now the rules are clear with the burden of compliance is either reduced or altogether scrapped as per the need of the hour. As said earlier, we are a late starter, and achieving our target is ...

 Azadi ka Amrutosav has been in full swing with different functions going on. The Nation is uniting for its future endeavor, this time enthusiasm is due to our collective efforts to come out of the pandemic, the loss we all suffered may vary as per individual, which resulted in frustration and moral down. The loss of monetary assets is recoverable but losing near and dear ones are irrecoverable. But life goes on with its speed, and everybody has to move on. Life is normalized in comparison to other countries with significant gains. Another part of the world is still facing a or two problems which are natural disasters or man-made disasters. Life is full of ups and downs, but we Indians with our rich ancient wisdom recover very fast. The visibility of the upswing in the economy is very clear. Let us celebrate the occasion with full JOSH. Playing with nature costing us very dearly, the mansion is erratic in the north and east past of our country whereas heavy rain in the south and we...