The real estate prices should crash for the economy to revive

Where is the slump in real estate? Builders with black money and other investors with black money accumulation have been investing in real estate expecting a further boom which is unfortunately not taking place and it is a sign of strength in the Governance standards.  In fact real estate prices  should have a real crash so that middle income and lower group of people  can think of having some shelter. The approach to curtail black money deals and the expectation that all transactions including the real estate transaction would have to be routed through banking channels with proper tracking with PAN numbers and linking with IT returns, people with black money who are the major investors in real estate may perhaps be avoiding real estate deals. It is a very good signal and the real estate should crash which will help the economy to be back on the growth trajectory.  Nobody is able to afford thinking of doing any economic activity thanks to exorbitant real estate prices  and this slump should result in a crash and economic activities need a revival. The inflation which is killing the economy and the poor alike will also come down if real estate prices are kept as low as possible. 

Dr T V Gopalakrishnan

Rupee valuation and Exports

Value of rupee is not the issue for giving a boost to exports , but the issue is that of  ease of doing business and taxation policies. The economy cannot deliver based on hopes , expectations and aspiring good days will come at a later time. The bureaucracy should have a change in mind-set and the atmosphere should be made conducive and suitable for business environment. The economy is missing lot of opportunities to perform well in all fronts taking advantage of the political support,  favourable external environment  and domestic potentials available thanks to narrow mindedness of bureaucracy to open the economy with all possible reforms in the area of administration, taxation, banking and finance, trade and commerce, and agriculture.

Dr T V Gopalakrishnan

Is it ok to incentivise bad bank management and equally bad borrowers?

The induction of additional capital to PSBs using common mans' money is nothing but incentivising accumulation of bad debts and recognising the bad management for their non professionalism. Using tax payers' money to finance badly run public sector banks and driving good money after bad money by inducting additional capital reflects only the laxity in Governance standards expected of the new Government and following the beaten track so far travelled by the previous Governments. This can never improve the functioning of PSBs and discipline envisaged from borrowers who believe in looting the banks at the cost of all stake holders of banks and the economy. Such an approach definitely cannot stand business ethics and management prudence.

Dr T V Gopalakrishnan

Lessons people are learning / Not Learning Perhaps.

No politician will learn a lesson and it is not necessary also to learn. Voters have to learn the leson that politicians will  not and cannot deliver and voters have to act wisely with the best of options they have at the time of election without any expecations. Analyse the promises and enjoy on hopes. After 67 years of Independence we are only talking of Swatch Bharat, Financial Inclusion and providing  some of the essential basics for human beings to survive Viz toilets, water, shelter, clothes and health care. Crores and crores  of rupees are getting looted from tax payers Money towards providing these for decades and even now  only the talks are on and on these matters. The number of people who have become  Millionnaires / billionnaires and those who are getting marginalised without any hope for survival are on the increase year after year and  the politicians can definitely encash on the latter figure to capture votes. This is perhaps the lesson learnt to come to power and remain there.  people are learning the lesson that nothing will and can happen in this great economy. 

One of the greatest lessons in life is to believe in one’s own destiny while continuously striving to enrich knowledge, wisdom and vivek — the capacity to distinguish right from wrong and act with maturity and balance.

A meaningful and dignified life is built not merely on material success, but on adherence to ethics, values, discipline and a sound code of conduct. Hard work, integrity and self-restraint elevate a person far more than the blind pursuit of wealth, power or position.

Greed and excessive desire for authority often weaken judgment, disturb peace of mind and erode character. On the other hand, simplicity, ethical living and clarity of purpose strengthen both the individual and society.

True success lies in living with self-respect, contributing positively to others and leaving behind a legacy of trust, wisdom and good conduct rather than merely accumulation of riches.

The most valuable lesson one can learn perhaps is Believe in One's own Destiny and work hard to enhance knowledge, Wisdom, VIVEK and adhere to the best of one's capacity the principles of Code of conduct and ethics and values of life to lead a dignified life without developing any greed, lust for power and wealth.  

T V G Krishnan

(personal Views )