Comments on: The Indian Army Part 2 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/ Issues & insights Sun, 20 Jul 2008 20:10:10 +0000 http://wordpress.org/?v=2.3.1 By: Pragmatic Euphony » Blog Archive » The seats at academy are always full http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-263698 Pragmatic Euphony » Blog Archive » The seats at academy are always full Mon, 14 Jan 2008 17:03:20 +0000 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-263698 [...] security. It is about cutting wasteful expenditure - get more bang for the buck [related posts here, here and [...] […] security. It is about cutting wasteful expenditure - get more bang for the buck [related posts here, here and […]

]]> By: » Indian military trims its flab | Pragmatic Euphony http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-231587 » Indian military trims its flab | Pragmatic Euphony Fri, 12 Oct 2007 08:03:32 +0000 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-231587 [...] The subject of resources for the military is very close to Pragmatic’s heart and has been covered earlier (here, here and here). It is heartening to observe that the government is waking up now and taking some cautious baby steps to redeem the situation. [...] […] The subject of resources for the military is very close to Pragmatic’s heart and has been covered earlier (here, here and here). It is heartening to observe that the government is waking up now and taking some cautious baby steps to redeem the situation. […]

]]> By: deepak http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-186894 deepak Wed, 27 Jun 2007 06:33:38 +0000 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-186894 The economy of the country is booming and India is moving forward very fast to become a super power. The government machinery has to create an atmosphere conducive to this. Special, very attractive and at par with the best in private sector, package is needed for the officers of concerned regulators, departments and ministries. Officers of Ministry of Corporate Affairs, SEBI, and Department of Foreign Trade should be given the best pay and perks. Otherwise the jobs would not attract talented youths, and the economic growth of the country would be adversely affected as a result of that. At present many of the officers of such departments/ regulators are considering quitting. Take the example of M/O. Corporate Affairs. The officers of that ministry are appointed from a cadre called ‘Indian Company Law Service’ (ICLS). The pre requisite qualification for applying foe selection to ICLS is to be a CA, CS, Cost Accountant or Advocate with specified years of experience in company law matters. Many of the presently serving officers are having more than two of the required professional qualifications. In the present scenario where they get huge pay outside how many experienced professionals would opt to apply, for the cadre, at the present salary levels. The economy of the country is booming and India is moving forward very fast to become a super power. The government machinery has to create an atmosphere conducive to this. Special, very attractive and at par with the best in private sector, package is needed for the officers of concerned regulators, departments and ministries. Officers of Ministry of Corporate Affairs, SEBI, and Department of Foreign Trade should be given the best pay and perks. Otherwise the jobs would not attract talented youths, and the economic growth of the country would be adversely affected as a result of that. At present many of the officers of such departments/ regulators are considering quitting. Take the example of M/O. Corporate Affairs. The officers of that ministry are appointed from a cadre called ‘Indian Company Law Service’ (ICLS). The pre requisite qualification for applying foe selection to ICLS is to be a CA, CS, Cost Accountant or Advocate with specified years of experience in company law matters. Many of the presently serving officers are having more than two of the required professional qualifications. In the present scenario where they get huge pay outside how many experienced professionals would opt to apply, for the cadre, at the present salary levels.

]]> By: Pragmatic http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-175091 Pragmatic Sun, 17 Jun 2007 16:49:03 +0000 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-175091 Nitin, I agree. The situation is much better in the defence ministry and other ministries and departments are hit much harder, due to the government's budgeting, accounting and auditing processes. One of the clearest indicators of effectiveness of current allocations(despite the amounts being surrendered every year)is the capital to revenue ratio. The only option is to have a much leaner army - every thing else shall flow from there. Nitin,

I agree. The situation is much better in the defence ministry and other ministries and departments are hit much harder, due to the government’s budgeting, accounting and auditing processes.

One of the clearest indicators of effectiveness of current allocations(despite the amounts being surrendered every year)is the capital to revenue ratio. The only option is to have a much leaner army - every thing else shall flow from there.

]]> By: Nitin http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-174703 Nitin Sun, 17 Jun 2007 10:08:26 +0000 http://indianeconomy.org/2007/06/15/the-indian-army-part-2/#comment-174703 Pragmatic, There's also a question of effectiveness of current allocations. I've written about it earlier---the <a href="http://acorn.nationalinterest.in/2006/06/25/good-sailors-hate-leaks/" rel="nofollow">ghost of Bofors</a> (and Tehelka) <a href="http://acorn.nationalinterest.in/2006/10/17/taking-the-controversy-out-of-defence-deals/" rel="nofollow">prevents </a> the allocations from being spent effectively. It's worse with the paramilitaries...recall reading somewhere that the CAG(?) report found that they didn't spend a significant chunk of their allocations. Pragmatic,

There’s also a question of effectiveness of current allocations. I’ve written about it earlier—the ghost of Bofors (and Tehelka) prevents the allocations from being spent effectively. It’s worse with the paramilitaries…recall reading somewhere that the CAG(?) report found that they didn’t spend a significant chunk of their allocations.

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