Monday, 27 July 2015

Harmony between Employers and Employees

Everybody knows that there should harmony among employers and employees for best productive outcome. But strangely, this is most unfulfilled desire.
In general, there is huge mistrust among the employees and employers. The trade unions in India are mostly headed by outsiders, who has no interest in the well being of the organisation and have vested interest in extracting favours from the management. They act as brokers by creating mistrust among them.
Our society has little respect for banias, the business class and the bureaucrats mainly from upper caste brahmins and thakurs have a feeling that they are cheats and compromising. Laws have been framed in the manner as if the owner will not take care of its workers and will exploit him.
It is high time, we must start honoring the job creator. In his own interest, he will keep his employees happy for getting best out of them. The companies having participatory management with workers have higher productivity and enjoy more goodwill among its customers. We must free them from outside intervention. They must act as a head of the family with workers as members. 
Our society too think that entrepreneur has also right to profits, the way the worker gets wages, landowner gets rent and financier gets his interest. More often than not, specially in small organisations, the entrepreneur provides land, capital and labour too and his profits include all. 

Friday, 24 July 2015

Spreading education is key to india's economic wooes

While analysing CAD for 2014-15, we observed as under:

Trade Deficit                                                        $ 144 Billion
Earnings by Indian Manpower                          $ 140 Billion
Comprising of:
Software Exports                          $ 73 Billion    
Inward Remittance from
Indian Workers to family             $ 44 Billion
Local Withdrawals from
Non-Resident Deposits                $ 23 Billion

Thus, the entire trade deficit is almost wiped out by earning by Indian manpower either working at home or abroad. This does not include the retained earning of NRIs settled in US and other countries.

This is the result, when a large mass of Indian youth is uneducated and unemployable. All this story of India becoming a superpower is not just a dream but very much doable.

Consider a situation, where larger part of Indian population is employable and produce optimum results. All we need is imparting education to youth at large scale and war footing, so that they are employable.

Apart from Govt., all well meaning Indian Citizen and India Inc. has to work on this. IT companies should get engaged with Engineering Colleges for improving skills instead of crying for quality of education. The Brick and mortar companies should get engaged with ITIs for getting skilled workforce needed by them. Similarly, Citizen groups can get involved in improving the primary education in their locality.

Educated workforce in villages can find job elsewhere and contribute the family by his earnings. Further, with lesser number of people left dependent on agriculture, the percapita income from agriculture will rise too. With improved earning in rural sector, the consumption will grow resulting in growth of manufacturing sector.



Friday, 3 July 2015

Smart City in Bengal

It is irony that West Bengal is inviting investors for small parcels to be developed as smart City. One must bear in mind that a Smart City should have all at one place. Educational institutions, Healthcare institutions, Entertainment zone, Market, Connectivity, Commercial enterprises etc. should be available at a common place for occupants of small city. For this, a larger space is required than the ones offered by Bengal Govt.

West Bengal can also advertise cheap commercial spaces available in Sector V and Rajarhat for attracting smaller IT/ITes businesses. This itself will create jobs for youths, which will result in better commercial activities.