The New Year 2013 has arrived and let us hope that it will be able to boost our sluggish economy and accountability in the Government and the judiciary for the welfare of the people and national development.
The bygone year of 2012 was highest in crime rate and lowest in GDP growth rate that was lowest in the past nine years at 6.9 per cent.
Because of high bank lending rates the industry remained starved of capital at a reasonable rate to compete in the international market alongwith the sharp decline in manufacturing sector and investment.
All the time the Government of India remained obsessed with the mounting fiscal deficit. To manage it with the anticipated Rs.30,0000 crores through the disinvestments in the public sector undertaking could not materialized as expected. The Government turned towards reducing the subsidies on LPG and other petro products.
The Parliament continued on the deadlock in functioning and mounting backlog of legislative business.
In the year the country lost Sitar Mastro Pandit Ravi Shankar, former Prime Minister Mr.Indra Kumar Gujral, Shiv Sena Chief Bal Thakre and first super star of India Mr.Rajesh Khanna.
The election of Gujarat and Himachal Vidhan Sabhas were held and the Chief Minister Mr.Narendra Modi returned to power for the fourth term. In Himachal Pradesh the Congress was able to oust the BJP Government.
This year the State of Madhya Pradesh will go to Assembly polls alongwith 8 other states of Rajasthan, Chhattisgarh, Karnataka, Delhi and North Eastern States of Meghalaya, Tripura, Nagaland and Mizoram.
In Madhya Pradesh the two term Government of BJP headed by the Chief Minister Mr.Shivraj Singh Chouhan will try to emulate Modi’s performance in Madhya Pradesh by making a ‘Hat Trick’ of winning the Assembly and Congress will try to emulate Mr.Ashok Gehlot the Chief Minister of Rajasthan and Mr.Virbhadra Singh of Himachal to win back power in the State. Alongwith Madhya Pradesh neighbouring Rajasthan and Chhattisgarh are also going to polls. The Chattisgarh is also ruled by the BJP with Dr.Raman Singh as Chief Minister.
The National capital Delhi, the Congress Government of Mrs.Sheila Dixit will also face Assembly General Elections. She has to overcome the fallout ill effects of recent rape case upsurge of public anger. In North Eastern States the Congress will face the regional political outfits. The Congress has strong base in Assam and Arunachal Pradesh. All the nine Assemblies collectively will give a political indications for the coming Lok Sabha elections in the year 2014.
In Madhya Pradesh Mr.Digvijay Singh has declared that he would candidate for Lok Sabha.
Besides this ‘mini general elections’ at a time in this year. The country has to surmount the economic sluggishness with speedy recovery of the industry to retain our presence in international markets. The automobile sector – a symbol of progress is in bad shape. To recover it blocked capital in dwindling sale of vehicles it has to offer discount of lakh of rupees per vehicle.
The industry is so well established that with encouraging financial policy of the Government and the Reserve Bank of India it can create a miracle in fast recovery.
The new year requires our firm resolve in policies and accountability of administrative system of Governance and speedy working of judiciary to eliminate growing crime rates.
Founder : Late Shri Ramgopal Maheshwari