Manmohan Under Attack, Why?

Suddenly, Indian government and Prime Minister Manmohan Singh have come under sharp attack of international community. Recently, the Time of the US, the Independent of the UK and US President Barak Obama have criticized Manmohan Singh in no uncertain terms. Each of them chose to lash out at the UPA II government and Singh for their failure to push economic reforms in India. This trend of taking on a ‘proclaimed world leader’ and eminent economist is, somehow, baffling and it smacks of some other inherent designs.

Let’s first see the case of the Time magazine, which carried out a cover story on Manmohan Singh dubbing him as an underachiever and concluding that India’s economic software had crashed and needed to reboot. The magazine wants India to reboot itself. But, for whom? India or the crashing hardware of the US and Europe’s economy? Surely, the Time is not so generous to think of India exclusively. It didn’t think of any such reboot while India was going through a worse phase and the US and the European Union were in sound economic health.

The Independent, a daily in the UK took cue from the Time, but went far ahead in castigating Prime Minister Manmohan Singh. It termed the Prime Minister as Congress chief Sonia Gandhi’s Poodle, a breed of dogs.  How audacious this daily is! And, why for? If Indian economy is in tatters, if we accept the west’s parochial definition of the economy slowdown and policy paralysis in India, why should a newspaper of the UK be so worried and anguished that it resorts to profanity against the Prime Minister?

While the dust caused in motion had not settled yet that the US President Barak Obama found fault with India’s economic policies, thus attacking economist Manmohan Singh. Obama found Manmohanomics obstructive in nature and that it did not allow foreign direct investments in many sectors in India. He practically went ahead to blame India for economic downturn in the EU and the US.

Thankfully, this time around the Indian politicians stood by the government while lashing out at Obama for targeting India and infringing upon its sovereign (albeit, hugely diluted) right to choose its economic course. It was nice to see BJP leader and former Yashwant Sinha come out and take on Obama and the US’ hegemonistic tactic in exhorting India to expand reforms. India cannot and should not be dictated by the US or any other country or bloc.

Clearly, the pressure that is being applied on the Indian establishment led by Manmohan Singh is an attempt by the west to seek more ground for their big corporations, which are rapidly going bankrupt putting enormous socialistic burden on the capitalist governments. India and China can easily provide them the required space as these countries have big areas, resources and markets/ population.

While China has improved its technology and has socialistic capital to take on both the capitalist capital and market, India is an easy hunting ground for the US and the EU. They hope that if India opens up more sectors for their corporate money, it would help them revive their markets and sentiments. This explains why there has been an entire gamut of sustained efforts through leadership, diplomacy and press to put question the credibility of Manmohan Singh his UPA II government.

This is where Manmohan Singh government’s policy paralysis is working in India’s favour. If the much criticized policy paralysis is a conscious effort by this government, it is praiseworthy. There is no reason as to why should India be used as a growth engine for the EU and the US.

For many Chinese bachelors, no deed means no dates

I found this news-piece while reading Indian Express(dated 17-04-2011). I want to share it with those who don't read IE but somehow follow my blog...


IN THE realm of eligible bachelors, Wang Lin has a lot to recommend him. A 28-year-old college educated insurance salesman, Wang has a flawless set of white teeth, a tolerable karaoke voice and a three-year-old Nissan with furry blue seat covers.
But by the exacting standards of single Chinese women, it seems, Wang lacks the bankable attribute of real property. Given that even a cramped, two-bedroom apartment on the dusty fringe of the capital sells for about $150,000, Wang's $900-a-month salary means he may forever be condemned to the ranks of the renting.

Last year, he said, this deficiency prompted a high-end dating agency to reject his application.
"Sometimes I wonder if I will ever find a wife," said Wang, who lives with his parents, who remind him of his single status with nagging regularity.

There have been many undesirable repercussions of China's unrelenting real estate boom, which has driven prices up by 140 per cent nationwide since 2007, and by as much as 800 per cent in Beijing over the past eight years.

Working-class buyers have been frozen out of the market while an estimated 65 million apartments across the country bought as speculative investments sit empty.

The collateral damage to urban young professionals, especially men, who increasingly find themselves lovelorn and despairing as a growing number of

women hold out for a mate with a deed, is largely overlooked.
More than 70 per cent of single women in a recent survey said they would tie the knot only with a prospective husband who owned a home. 50 per cent said financial considerations ranked above all else, with good morals and personality falling beneath the top three requirements. (Not surprisingly, 54 per cent of single men ranked beauty first, according to the report, which surveyed 32,000 people and was jointly issued by the Chinese Research Association of Marriage and Family and the All-China Women's Federation.) Given the nation's gender imbalance, an outgrowth of a cultural preference for boys and China's stringent family-planning policies, as many as 24 million men could be perpetual bachelors by 2020, according to the report.

Yang Xuning, 29, a sportswriter, said much of the pressure comes from parents who feel taunted by the wealth around them.

He recalls his first meeting with his girlfriend's parents, when he was asked about his salary and his nesting plans. "I tried to reason with her mother, explaining that it's not practical to buy something at this stage in our lives but she wouldn't hear it," he said.

He stood his ground, she stood hers, and a few months later, Yang's girlfriend called it quits.

"Many girls see marriage as a way of changing their status without hard work," he said bitterly.

Many women are unapologetic about their priorities, citing the age-old tradition in which men provided a home for their brides, even if that home came with a mother-in-law.

Gao Yanan, a 27-year-old accountant with a fondness for RayBans and Zara pantsuits, said the matter was not up for debate. "It's the guy's responsibility to tell a girl right away whether he owns an apartment," she said. "It gives her a chance not to fall in love."

With such women on the prowl, even men who do have their own homes have come up with techniques to weed out the inordinately materialistic.

Liu Binbin, 30, an editor at a publishing house in Beijing, said he often arrived at first dates by bus, even though he owned a car.
"If they ask me questions like `Do you live with your parents?' I know what they're after," he said.