Search This Blog

Monday, September 14, 2009

Austerity - What is this?

There is a new term that has been flashing almost all day on Indian news TV channels and that is "Austerity". The Indian Finance Minister Shri Pranab Mukherjee came in lime light after he introduced this term within the Central Indian Government and almost everybody seems to be thrilled. Personalities like INC Chief Ms Sonia Gandhi and her son Rahul Gandhi have started flying economy. It was a breaking news when Mr. Rahul Gandhi decided to travel by train than taking a flight. Great News indeed.

One of the dictionary meanings of austerity is enforced or extreme economy. By using this term, the federal Indian government wants all its ministers and elected representatives to use economy class when they fly and avoid unnecessary splurge of money, which is actually collected from the people of India in the form of taxes.

After almost 50 years of Independence, finally the Indian government is thinking about the people of India and their hard-earned money. I wonder why the Indian economists and the leaders who run the country took 50+ years to find this term. May be they have found the dictionary now and while going through its pages, they found this somewhat less used word "austerity".

Call it politics to regain power, call it publicity stunts or call it whatever you want, the hard earned money of the people of India is surely being saved for the much needed urban and rural development of the country.

I am sure Shri. Pranab Mukherjee must have earned a lot or praise with this drive.

If he wishes to be more popular, he must now show the reforms that he brings by wisely using the taxes for bringing the country up and above the rest.

Do you agree with me?