India is happening..

Some one will show the GDP, some one will show the stock market, but today I saw something that was a bit different. Udayn Mukherjee, the TV reporter was asking questions to Mr Kamalnath the commerce minister on CNBC TV 18, the confidence of Udyan showed me India is happening.

News is Govt. may be planning for export ban on cement. They already have a ban on Sugar export. It’s well within their right. Ofcourse the reason is good old inflation. Indian hunger is too much now a days and we may (my guess) not be producing enough cement to feed our own hunger for building/dams and roads.

It’s well known that Govt. is urging/ordering cement industry (in chanakya’s words sam/dam/danda/bhed) to keep the prices low as cement is one of the direct inflationary product. So far they have not been able to do so. Govt has tried other measures fiscal, monitory and supply side but inflation has not been tamed yet.

So last resort is to ban the exports. It sounds logical, but here is the catch the free market economist’s theory would say this is wrong. If this is how we protect markets/consumers are we ready to take on world. Ofcourse WTO does not have issue on such policy so it’s not illegal.

So is govt. right in doing so … time will tell and I don’t want to comment on it..

But watch the video …. (thanks Viral to point it out )..

http://www.indiaearnings.com/videos/videos.php?autono=270431

The way Udyan has been able to ask and manage questions to Mr. Kamlanath, one thing is for sure Indian youth is more confident to raise the questions.

Whos is right and wrong? Make your call ..

Is govt right? Wrong? Don’t use this issue in isolation?