UPA-II,India Government spent 3 years.

UPA-II,India Government spent 3 years.

India could not reach 9% growth rate since 2009-2010,but it is below 8% from second quarter of 2010-11.Stock market performance is down swing, it has dwindled 23.1% from the peak level of November 2010.Fiscal deficit as percent of GDP has gone up from 4.9% in 2010-11 to 5.9% in 2011-12 but likely to drop down to 5.1% in 2012-13.Still in April,2012,it is 8%,so no sign of improvement.The consumption would rise to 4% of GDP in 2011-12 in comparison to 2.7% in previous year.Rupee Dollar rate has been falling to at a floor level.But,it is said from govt.level that it is the effect of Euro crisis.Moreover, Government of India is defamed with scams and protest against corruptions although it has enlighted with reform measures which highlighted with higher privatization and liberalisation drives.

Presidential Election in India

Presidential Election in India

In the forthcoming presidential election in India,a proposal was placed in favour of finance minister Pranab Mukherjee because of Congress(I)'s sure goal taking all parties cooperation against BJP.One or two years ago,the name of PM was raised,but no body ,of late , propose such name from the side of Congress(I).Its an suspicious matter.Secondly,somebody were thinking the name of Kalam-the former President-as a general consensus.On the other hand,the possible third party coalition may think another name as President.One candidate as already proposed and he is former speaker Somnath Chatterjee.
          Now,the question is why UPA(II) does not confirm success their name as President?The role of BJP is important because its success in past few election result.Even,this party,I hope that,will not be on the general consensus.Same is applicable to left parties.TMC's role is unpredictable.So,no preassumed result is yet to be declared now,until and unless,the nomination is over.
            Economic implication is favourable to Pranab Mukherjee because of his success in securing post of FM,but the name of PM is not favourable as FM if we analyse the party's role.On the opposite side,if third front is visible and Somnath Chatterjee is selected for nomination ,then the election for President will be crucial for the voters as well as political mission.  

A NEW EU LEADERSHIP IN A DILEMMA

 

A NEW EU LEADERSHIP IN A DILEMMA

It is miraculous that Sarkozy was defeated by the socialist leader Hollande in the France election .As a result of this the Markel-Sarkozy move against the Euro Crisis may be delayed or may be move on other direction because one remarks is very much important that the stimulus package of EU debt crisis may be suspended for which Greece, France, Ireland, Spain even France will suffer and common fiscal policy may be left unimplemented. Besides, the new Stability and Growth Pact will be problematic. On the other hand, if stimulus package is suspended the agitation in Greece may revamp and the destabilization of economy will continue. It is expected that how the socialist leader-Hollande will co-operate with Markel of Germany or with EU nations, how they will co-exist regarding the solution for Euro crisis, how they will exchange their views on the criteria of Maastricht treaty , are really difficult situation to handle with. If the proper understanding on Euro crisis is not met up, the single currency Euro may disappear and the fragmentation of EU on monetary integration appears to be accelerated. International monetary system will be turmoil and regional currency system will get a shock and regional trade integration as well as regional monetary integration will fail to contribute in the world monetary order.