The efforts of successive governments to check black money, especially that earned by evading taxes, have failed.
The external balance is deteriorating steadily with short-term debt rising fast.
It is practically impossible for the poor to participate effectively in the development process.
Perish the thought that there will be any improvement in governance, and meaningful reforms.
The income derived from bribes is now an expected part of wages for the bureaucracy.
Our population growth rate has declined but at a slower rate than is desirable.
We have not even begun to tackle the problems in our defective power sector.
On an average our courts take three years to resolve a commercial dispute.
The segment of the population under discussion stimulates the growth process in several ways.
Our regulatory system focuses on the inputs as opposed to outputs and outcomes.
The legal and institutional set-up has given rights to civil servants which are detrimental to citizens.
Whereas the thin upper stratum thrives, the poor are pushed out of the ambit of development.
Unless negative perceptions are changed, it will not be possible to create constituencies for reform.
What ordinary mortals are experiencing is their own lives and earnings being wrecked.
Official data may not be consistent with people’s daily experiences.
The judicial system needs judges with a better understanding of commercial regulations and practices.
The provinces have made some decent effort in recent years to mobilise additional revenues.
The issues that need to be addressed for economic revival are myriad.
The tragedy of the budgetary exercise is the preoccupation with the size of the deficit.
THE next budget needs to articulate a vision because a growth revival has become urgent. What should be the contours...