It is surprising and perhaps revealing that NO POLITICAL PARTY in INDIA has thought it fit to broach/launch the subject of SOCIAL SECURITY. With caps on PPF and paltry returns IT SEEMS THAT THE GOVERNMENT wants that the common man has no option but to invest in stocks and take the attendant risks to himself and benefits to businesses. Whereas the businesses are advised to follow Corporate Social Responsibility, what if the Government were to think of GOVERNMENT SOCIAL RESPONSIBILITY along with Government Business Responsibility. Perhaps one needs to remember that we have Government FOR THE PEOPLE………..
2 Comments»
I found your site on Google and read a few of your other entires. Nice Stuff. I’m looking forward to reading more from you.
Raashid Saiyed
Well, frankly speaking, I dont necessarily seem to agree to this. I know that there are caps on PPF and whatever is said above is true but it also means that if one is ready to take higher risks he will get higher returns. Moreover, the busniesses are also owned by the individulas themselves. So even if the individual takes the risks the profits indirectly comes to the individual himself. Plus, for a profit maximising individual, even paying incentives for a job well done is a part of CSR. So, that also depends on individual perception. Secondly, Social Security is not a dire need for our society. When mental infrastructure is a great need for the country why even think about anything else? The thinking pattern of Indian society is as such pretty conservative. Even when the economic recession has not yet reached the country, we have started preparing for it by undertaking many cost cutting measures. So, according to me, yes there are many gaps in the societal framework, but it depends on the level of necessity and other related factors that the Govt needs to function. Must say, its a pretty good observation.