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Showing posts from July, 2022

Town Planning (Part 1)

A New Standard for Doing Town Planning and Its Evaluation -- Daily to and from commuting over long distance is non-productive. It causes waste of time, waste of fuel, forces the people to spend more money and results in the fatigue for the people. There is a way, for avoiding this situation. Although it is not easy doing so immediately, the care can be taken while doing the planning for new towns. New Parameter and its Unit of Measurement -- The Parameter to be Measured   --     Daily Commuting The Unit of Measurement   --     person-kilometres (p.km)  Similar Unit of Measurement   --     man-hours ASP's 1st Table of Norms for Better Town Planning -- One way Distance of Commuting From Home to Place of Work The Indicative % of the People Commuting Daily From an Area Under Consideration 0 - 3 km At least 50% or more 3 - 6 km 30% Maximum 6 - 10 km 15% Maximum More than 10 km 5% Maximum The Advantages of using th...

The Ease of Justice

'While modern India was built around the goal of removing the disparities in the society, the reality is that, today, only a small percentage of the population can approach the justice delivery system, when in need. Majority of the people suffer in silence, lacking awareness and necessary means.' The CJI Mr. N. V. Ramana is known to have said so while addressing the first All India District Legal Service Authorities (DLSAs) meet on Saturday, 30th July 2022. It is learnt that Prime Minister also was present during the event, who highlighted on a new theme of 'Ease of Justice'. The CJI is known have highlighted on the district judiciary, for that coming first into the contact with the people who need justice. Since the structural base matters, let us see what will be needed. My point is that the focus of the district judiciary should not remain limited to the head quarters of respective districts . It should be made to reach down to the village level. I have already sugge...

The Three Lions Emblem

The new sculpture of the three lions emblem of India, which is now installed on the top of the parliament building was unveiled recently for the public display. After that, there were comments about the loss of the proportions with respect to the original, ancient sculpture available at Sarnath. With that, the 1st thought appeared in my mind was about the technical specification of that emblem. If it is about the printing of the image of that emblem, the government authorities can reproduce the existing images or take new photographs and print those or publish in the electronic media, like the websites. But when it comes to the physical objects like the sculptures, the specifications are needed. We have such specification, Indian Standard IS:1, for the flag of India. There is the Flag Code also. It seems that no such specification and no code exists for the three lions emblem. It might not have been felt needed until now. But once the controversy has arisen, it will be better finalizin...

The Haircut in the IBC and CIRP

The background --   The 'haircut' in the context of Insolvency and Bankruptcy Code (IBC) is the amount forgone by the banks or the creditors, out of total amount of outstanding debt, during the process of recovery of bad debt. It is learnt that, in at least 363 major NCLT resolution cases since 2017, banks have taken an average haircut of 80%.  ( Source -- Data from the Insolvency and Bankruptcy Board of India (IBBI) ) The high level of such ratio is upto 95% or even more than that for a few cases and it is known that the parliamentary panel also had questioned the government for such high ratio agreed upon by the public sector banks. The government's reply was of very less liquidation value in such cases. It was argued that such ratios are a matter of commercial settlement and depend upon the residual value of the assets. So any upper limit for the haircut cannot be fixed in the law. This much is known to all economists and the concerned commentators. The points that go...

The Financial Sector in India

In an article titled 'Two lessons from the scandal at NSE', published in Hindustan Times dated 26.07.2022, the author Mr. Pramit Bhattacharya, a journalist from Chennai, has written as follows. 'Without a robust financial sector, it will not be possible to sustain rapid growth in the country. Hence it is important that the design of India's financial architecture be thought anew.' My observation -- One correction is needed in that statement. 'Without a robust manufacturing sector, it will not be possible to sustain rapid growth in the country. Hence it is important that the design of India's financial architecture should be thought anew, with that focus.' I have suggested for such new type of architecture in broad view. The Comparison -- (1) The potential for employment generation -- There is huge population with low skill or semi skill vocational abilities. The financial sector doesn't have that potential. It is the manufacturing sector which can g...

The Political Freebies and the Remedy

It is learnt that a public interest litigation was filed in the Supreme Court, by advocate Ashwini Kumar Upadhyay, who sought a direction for issuance of stringent guidelines to deregister errant political parties and seize their election symbols for offering irrational freebies ahead of polls. He added that India could be soon on its way to becoming Sri Lanka if freebies were not controlled. In this connection, a bench of the Supreme Court comprising justices Krishna Murari and Hima Kohli and headed by the CJI N. V. Ramana, hearing the case on Tuesday, 26th July 2022, was surprised at the helplessness expressed by the Election Commission of India (ECI) in controlling the serious problem of the freebies and sought to know from the Finance Commission (FC) if revenue allocation to states can take into account unnecessary expenditures on hand outs. “God save the Election Commission of India if it’s saying that we can’t do anything when the electorates are sought to be bribed through freeb...

The Judiciary of India Needs Redevelopment

It is known that the Indian judiciary is suffering from huge number of pending cases in the courts at various levels. The problem has worsened due to the chain of appeals in the upper level courts. Not only that, it is seen that many times, the verdicts issued by the lower level courts were reversed by the upper level courts. There are many cases wherein the verdicts issued by the High Courts were reversed by the Supreme Court. That generates many doubts about the quality of the verdicts. Apart from these observations of the ordinary citizens, many issues are seen being raised by the judges of the Supreme Court. (1) Mr. N. V. Ramana, the CJI, is known having expressed concern about the sorry state of affairs of the House (the Parliament of India). While speaking at the independence day ceremony organized by the Supreme Court Bar Association, on 15.08.2021, the CJI attributed the falling standards of parliamentary debate to the absence of intellectuals and professionals in the parliamen...

Redevelopment and Upgradation

The concepts of Redevelopment and Upgradation of Our Democracy are basically for one and the same purpose. There are many symptoms that our Indian democracy has gone considerable deterioration over a period of 70 years and we need a lot of reforms. We need a serious re-think of the structural aspects rather than discussion on mere political happenings.That will help achieve the qualitative improvement. We do upgradation of the operating system of our computers and mobile phone handsets. It renders many advantages to us.  Now I raise the 1st question as follows. Why should we not do the upgradation of the operating system of the democracy ? Doing so will surely render many advantages to us.   Earlier there was ASCII in the domain of computers and internet. But the computer engineers didn't restrict themselves to the ASCII based on the emotional grounds. It is a technical standard for facilitating the input and output to and from the computer machines. Later the computer engine...