FOCUSED SOLUTIONS FOR CLEARING PENDING JUDICIAL CASES IN INDIA

When I read this editorial from Economic times newspaper I got new dimension to the problem of pending judicial cases in various Indian courts. I am thankful to Mr.Bibek Debroy, (prof.Centre for policy research) for giving new perspective in form of solution for solving judicial backlog problem in India.He has used two important words “GENERIC” and “FOCUSED”. Generic means forming some uniform judicial policy so that it can be implemented in all stats in country to solve the problem of pending judicial cases. Focused means concentrating in that states and cities which have maximum share in this judicial backlog cases. SO Mr. Debroy poinyed cities Allahabad (another Bench), Madras, Bombay, Calcutta and Punjab and Haryana, one will solve 60% of the backlog problem in high courts. . Similarly, 70% of the backlog problem in lower courts can be resolved by focusing on Uttar Pradesh, Maharashtra, Gujarat, West Bengal, Bihar, Karnataka and Rajasthan. So instead on spending on improving judicial structure in whole country focused attention and improvement on most vulnerable part of country which are prone to judicial backlog problem will wipe out judicial inefficiency at maximum level in India.

At the end Mr. Bibek Debroy did not forget to mention that majority of cases, “preliminaries have not been completed”. Preliminaries here means that process fees have not been paid, notices have not been served, pleadings have not been completed, case statements have not been filed and so on. Per case, these preliminaries take 710 days. Stated differently, these preliminaries are outside direct control of judiciary. They depend more on lawyers. Lawyers are responsible to complete these preliminary process so If one is making a general observation that lawyers (and litigants) are often responsible for delays, that’s a fair point to make. Especially in civil cases, once issues are framed, one almost knows the outcome. Whoever benefits from status quo tends to prolong the case.

So at the end it can be concluded that “FOCUSED” judicial reforms can solve pending cases problem in India.

AGGRESSIVE MARKETING OF KRAFT SHOWS RECORD 40% INCREASE IN SALES OF CADBUARY

AGGRESSIVE MARKETING OF KRAFT SHOWS RECORD 40% INCREASE IN SALES OF CADBUARY

• US-based Kraft Foods acquired Cadbury Plc IN 2009.
• Aggressively ramped up distribution and increased advertising spent on both existing Cadbury brands and new launches from Kraft portfolio.
• Between January-September 2011, Cadbury India’s sales grew 40%.
• Cadbury India Managing Director Anand Kripalu.
• Sales of its peers including Hindustan Unilever, Nestle, Britannia and GlaxoSmithKline Consumer have grown between 15%-20% during the same period.
• 14,000-crore biscuit category, which is increasingly getting competitive in India.
• Branding expert and Nobby Brand Architects Founder and CEO Nabunkur Gupta says that Cadbury’s distribution has improved since its acquisition by Kraft. “Now its product portfolio is available in the lower strata of the society where it was not available earlier.

FIRST 4 WHEELAR ‘AUTO’ ROLLED OUT BY BAJAJ

• Fitted with a 200 cc petrol engine, RE60(name of vehicle) meant to compete with three-wheelers.
• Designed in-house in R & D center in Akurdi.
• Huge potential for exporting RE60 to Sri Lanka, Bangladesh and even Africa and Latin America where affordability levels are low.
• RE 60 is Bajaj Auto's first 4-wheeler passenger vehicle, positioned to replace 3-wheelers in intra-city transport.
• RE (rear engine) is Bajaj’s flagship brand in three wheelers.
• Runs 35 km on 1 litre of petrol. Has low carbon footprint of 60gm/km Engine : 200 cc water cooled petrol engine Top speed: 70 km/hour.

ECONOMY NEEDS TO CUT WASTEFUL EXPENDITURE, SUBSIDIES AND DEFICIT TO GROW AT A SUSTAINED 9%

ECONOMY NEEDS TO CUT WASTEFUL EXPENDITURE, SUBSIDIES AND DEFICIT TO GROW AT A SUSTAINED 9% Rate

• Expenditure is the other malign element in the mix: the budgeted target of 12.58 lakh crore will be exceeded significantly even after the finance ministry’s year-end efforts to defer some expenses or camouflage them with accounting sleight of hand.
• The third toxic ingredient is gross tax revenue that is likely to miss the budgeted target of . 9.32 lakh crore as industrial growth dips. Advance tax receipts are already behind target and the slowdown in Q3 will impact receipts as the financial year closes.
• Two of the three key expenditure items where cuts are necessary remain politically sensitive: subsidies and government overheads. Subsidies swallow up . 1.44 lakh crore annually. Salaries and overheads of 60 lakh central government employees eat up a chunk of non-Plan expenditure (. 8.16 lakh crore). Both can be cut but neither will be. The subsidy bill for 2011-12 is, instead, likely to overshoot the budgeted target by at least. 80,000 crore on account of food, fertilizers and petro products.
• The third entrenched expenditure is the interest outgo of . 2.67 lakh crore, a reflection of past fiscal profligacy that has sent external and public debt ballooning to over . 50 lakh crore.
• Hit by a falling rupee, nearly 85% of the country’s estimated trade deficit of $150 billion for 2011-12 is on account of energy (oil and gas) imports.
• India’s current account deficit in 2011-12 is likely to exceed $54 billion — well over the targeted 3% of GDP — as FDI/FII inflows slow down.
• Indians over-invest in non productive assets like gold as a hedge against inflation and under-invest in productive financial assets.
• The eurozone crisis, monetary policy miscalculations and political populism have combined to shave more than 1.5% off estimated GDP growth this year.

Fertilizer Subsidy System in India may undergo Changes

Government gives fertilizer subsidies directly to companies who produce fertilizers. These companies get almost 60% subsidy from government. Here the subsidy is distributed right at the top of distribution chain. The companies get the subsidy amount as soon as goods are dispatched to wholesalers. So the chain forms like this.

                                                  Company (Subsidy point)

                                                                ↓

                                                         Wholesaler

                                                                ↓    

                                                          Retailer

                                                               ↓

                                                          Farmer

     

Proposed System  (THREE PHASES)

Phase-1

Subsidy point-(Companies)

In this phase which started at January 1,2012,fertilizer ministry tracks every kg of fertilizer till it is eventually sold. Wholesalers and retailers need to submit the data of sales made everyday .So in this phase government want to maintain daily data of sales done. Government will pay 95%of subsidy upfront to company but 5% of subsidy to company will be payed only after it receives SMS/Internet  the confirmation from retailers on having received the stock.

Company (95% subsidy paid upfront after SMS is received from wholesaler and retailer remaining 5%paid)

                                                          ↓

                                                  Wholesaler    

                                                          ↓                     

                                                    Retailer

                                                          ↓

                                                   Farmer

Phase-2

Subsidy point-(Retailer/wholesaler)

In this phase which may start from june,2012 wholesalers and retailers will buy fertilizers at unsubsidized rates.Than they will inform the government about their purchases, either online or through SMS and than government will deposit the subsidy in their bank account.But without credit wholesalers and retailers  require thrice as much working capital buy the same stock. So the volume of purchase of fertilizers by retailers and wholesalers may decrease.

                                            Company (Subsidy point)

                                                        ↓

                                             Wholesaler

                                                        ↓   (subsidy point is both at retailer and wholesaler)

                                                 Retailer

                                                        ↓

                                                   Farmer

Phase-3

Subsidy point-farmers

In this phase which is targeted at 2014 and is contingent on all farmers getting AADHAR number. Than subsidy will be directly transferred to saving accounts of farmers.

                                                Company

                                                       ↓

                                                  Wholesaler

                                                       ↓                  

                                                   Retailer

                                                       ↓

                                                  Farmer ( point is farmers where money directly transferred in SAVINGS ACCOUNT through AADHAR CARD )