The independence day blog 15 august 2006

So how are we doing this year in India

Stock Markets ? Up and Up
Real Estate ? Up and Stablized
Startups ? Hot and happening
Inflation ? Oil Prices ? Up
Bandwidth Availability ? Cheaper but no real improvement
Freedom ? worse off than last year
Taxes ? Income Tax is same as last year which means effective increase, Service Tax has increased more, as a popular saying goes we work from April to December paying taxes this year
Bureaucracy? Increasing its stranglehold once again on poor Indians
Social Justice? Symbolic steps like increasing reservations in Elite institutions, doesn't help the cause, empowerment and freedom would have helped far more
Corruption? Information Technology has helped speed up tasks but corruption levels remain at a historical high
Right To Information Act? Will make it toothless this year
News Media? When breaking news is Sachin will play again, I give up hope but citizen journalist initiatives are welcome change from the sensationalization and trivialization of news

We might be on the verge of a 2nd major communication revolution powered by Internet

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