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Suggestions for the Institution to replace Planning Commission

Start Date :
Aug 17, 2014
Last Date :
Jan 30, 2015
04:15 AM IST (GMT +5.30 Hrs)
Addressing his fellow Indians from the Red Fort on 15th August 2014 the Prime Minister called for replacing the Planning Commission with another Institution that is in sync with ...
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DEBASIS SENGUPTA
12 years 1 day ago
One would have to wait up to 9 years in case of Kerala, to get a basic fixed line service or a voice telephone, even in a city. In order to justify any reforms, we were asked to predict what the latent demand for telephone was. We took the classical approach, the well established S Curve for studying demand supply pattern. The best fit S Curve gave us astonishing figures. It showed that the point of infliction, where demand suddenly rises steeply if supply is unlimited, was still 3 years away.
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DEBASIS SENGUPTA
12 years 1 day ago
use minimum scarce water resources. And all these outcomes need to be quantified.
Is this an impossible task? Not really if the best brains of the country are given a free hand. I wish to give a small example. In 1993 when we embarked on the Telecom Sector Reforms work at ICICI Telecom Working Group, with all of 5 professionals including me, we first confronted the ground reality of that time. At that point it was very difficult to get even a voice line from Department of Telecom... Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
numbers of unemployed youth, both employable and unemployable. The Think Tank must also foresee how wars will be fought in 2050. Are we prepared for it? Will war be conventional, as we know it today with infantry and field guns, or take some other shape? Will there be any conventional wars at all or will there be trade and resources wars (energy/water) between Economic Superpowers? Above all, the VISION must be created with due attention that we, as a nation, stop further degradation... Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
What will come after 3D Printing or Additive Manufacturing (AM)? Even this technology, with rising popularity since 2010, has hardly been adopted in India as yet, even for prototype making. How does the Government encourage industry to agree to such dramatic shift in manufacturing technology/process? What happens to the many types of industry that will become obsolete, and what happens to the people who work there? As it is, we as a nation are struggling to provide employment to large... Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
Will we at all use coal or petroleum? If not, why are we trying to accumulate such energy assets abroad? Is there a strategic angle to this acquisition? What will be our Food/Nutritional needs and source, and how do we become self sufficient in them? For industry, let the new body define what will be their shape and size, their ownership pattern, their needs and aspirations. For the manufacturing sector what will be the technology of choice, what will be the nature of Energy usage? Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
what will be their movement needs, how will they move, what will be their eating preferences, what will be their dreams and aspirations, what source of energy will they use and how much, and so on.
Their agenda will be long. For example, what will be the value of our currency? What will be the World and Indian Economic Order? What will be our primary energy sources? Is Shale Oil the future? Or is it Solar Energy or Tidal Power? Or will we by then harness energy from air? Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
This may have to undergo revisions every 2-3 years, after sanity checks. This is very important as everyday the life span for new technologies is shrinking. Also, initially there may be a need for 10-year plan, as the 2050 VISION may take time to develop. Let them forecast, under different economic scenarios, the per capita income of young India in 2050. Let them address questions like who is the average Indian, what will be her/his likely profession, where will they live and how... Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
Defence Production), are already in place. As a proud Indian, I feel confident that India will become the Second most powerful Economic Power (by the size of GDP) by mid 2040s. By then India will also have the biggest market in the world.
And this is where a complete restructuring of Planning Commission comes into play. I expect the new Body to be India’s Think Tank. Let the body, made of the best talent the country has to offer, create with its collective wisdom India’s VISION 2050. Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
India’s GDP Annual Growth Rate is now unlikely to fall below 5%, even with a reasonable amount of external difficulties and turmoil. Only a total meltdown of the World Economic Order can bring the rate lower. Our system has too many checks and balances. And with proper Government Vision and Policy/Regulatory framework, it should not be difficult to achieve a GDP growth rate of 8% and more from FY 2015/16. Your Vision, along with some Policy Initiatives (like private sector entry into... Contd.
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DEBASIS SENGUPTA
12 years 1 day ago
State Bank of India and LIC, the largest holders of equity. I think I was the last Nominee Director from ICICI Limited. NEDFi funds Medium and Small Scale Units and NGOs/SHGs in the North Eastern States. This work could also be taken up by SIDBI and existing Scheduled Banks. It also serves as a disburser of Subsidies accruing to organizations under the NIIPL 2007. There are easier web based payment options today for such disbursal. If we look at India as a whole, we find two givens. Contd.
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