If the resource-starved government doesn’t reap the benefits from the stock markets, it’s calculated stupidity!!!
While the country was engrossed in sticky issues – like that of Indians for the first time being involved in a global terror plot, or our Presidential elections, or even the daily rumbling of our polity – the Sensex quite surreptitiously surpassed the magical figure of 15,000. It was barely one and a half years back that it crossed the 10,000 mark and brought India to the league of nations with the highest market capitalization in the world. Though for any lay Indian, this milestone might not make any sense as stock markets were never a barometer for social performance of any country, the essence of this particular milestone cannot just be ruled out as a mere mindless gambling of punters. One of the most interesting facets of this meteoric rise of the Sensex is a killing dichotomy – while on one hand, India Inc. has gone about in a spectacular manner successfully tapping this boom, on the other, our ‘efficient’ government and ‘more efficient’ public sector enterprises have spectacularl...