Don’t pay bail-out money

NGOs MUST NOT get any special privilege to commit financial mistakes and drain additional funds, from the government and INDIAN economy, in the name of Bailout. The concept of these bail-out would simply imply a new form of tax levied to INDIANs.

Lets send the message, in context to the market listed NGOs, very clearly that:

• Corporate mistakes, within market listed NGOs, must be made public.
• Board of Directors, of these market listed NGOs, involved in the decision making process must declare their stand and/or resolution to fix the problem that they have created.
• We have the concept of “Limited” companies, just in case a bunch of these failures show up in the face of public
• INVESTMENT IS SUBJECTED TO MARKET RISKS. Risk takers on poorly managed NGOs must not reap profits in the name of a bail-out.
• Letting a company die because of their failure, would correct the system that tries to abuse the government/public funds otherwise.

One thing is very clear in my mind, private lives and/or mistakes of the corporate citizens should not drain the economy without a celling point. And that celling point MUST be the loss of ownership and liquidation of the company.

Creating any lenience, in the name of a bail-out, would challenge our constitutional concepts such as laws enacted as well as on-par non-human entities participating, with equality, in the economic reality.

We can have Western outlook and even lifestyle, if we really want, but don’t have be too much of a CAPITALIST. DON’T FORGET THAT WE ARE DEMOCRATIC and are collectively responsible for the INDIA’s economic prosperity and its downfall.

I don’t think few elements (Citizens/NRIs/POIs/OCBs/any other FDI allowed investors) operating INDIAN NGOs should determine the downfall INDIAN economic wealth. We have experienced non-accountability over wealth/public funds being extorted in the interest of few in the INDIAN Political system. Why should we let such a thing happen in the NGOs as well?

We need some celebrity icons (like APJ, Anna and Bajaj) to influence change. The systems we have in place must be operated and evolved efficiently to increase our economic prosperity and global stance..PERIOD.

In INDIA making things happen through the politicians, with the kind of political climate we have, towards a nationalistic cause benefiting the INDIAN economy might be a humongous task. Would they at least sit back, relax and don’t work on this one (bail-out of NGOs operating in INDIA), if we yell and scream enough?

This is just my perspective (now, may be I am being too much of a nationalist than a politically correct commoner), but why would I have to hold it to my heart….hmm…