Thursday, June 30, 2022

Like Rats Fleeing a Sinking Ship !

Our dear Sherry ,CEO of royal lineage ,a descendant of Bihar’s Chakravarti Maharajah Vikramaditya, who was costing us up to Rs 1 million on a monthly basis and was plumbing the profits of our precious Telecom company, has “tuited”....

Monday, June 27, 2022

Sociocultural groups co-opted by this regime

The whole lot of them ,from the casteist to the thuggish ones ,were there to give us another display, another version of “tap-la tab”; they had aligned themselves in neat rows of dutiful cheerleaders delivering paeans of praise for their supremo- leader and showing their gratefulness for the goodies that his Lieutenant Pada has showered upon the nation-a pittance but for them it's heavenly manna- skilfully interspersed with outbursts of threats that sounded like cracks of gunfire-“Nous ne resterons pas tranquilles en cas de menace”. lls ont également lancé une mise en garde à ceux qui montrent le « poing » dans les manifestations publiques contre le gouvernement.

Friday, June 24, 2022

"Rwanda is a brutal, repressive regime. Holding the Commonwealth summit there is a sham"

As our local spin dictator is paying a visit to another dictator friend in the context of the Commonwealth Summit (sic), I thought it apt to give greater publicity to Nalini Burn's above post:

Thursday, June 23, 2022

The BoM’s Balance Sheet: Flouting the BoM Act !!!

Subsection 32 (5) of the Bank of Mauritius Act 2004 stipulates that the Bank shall, as soon as may be practicable, after the last working day of each month, prepare and publish a return of its assets and liabilities as at the close of business on that day. Subsection 32 (7) of the Act further mentions that “the Bank shall cause to be published in the Gazette, a copy of the return referred to in subsection (5).

Wednesday, June 22, 2022

Thank you, Stéphanie !

Thank you for using your mobile phone to catch up our Minister for Gender Equality and Family Welfare in the clutch of Morpheus in the midst of budget debates .

Tuesday, June 21, 2022

" Producing locally remains a slogan "

It’s there in every budget; a yearly ritual without creating the necessary conditions to drive it forward.

Thursday, June 16, 2022

Comments on the Budget 2022-23

I cannot understand how they are making such comments on the budget without a thorough analysis of the budget figures and its implications/impacts

Tuesday, June 14, 2022

Uncovering the money illusion !

What has been, on an approximate level, our loss in purchasing power ?
Between Nov 2019 and May 2022, the cumulative impact of inflation on our rupee has been around 18%, on the basis of the official inflation figures which tend to be on the low side.

Monday, June 13, 2022

The nonsense about the WAR CHEST !

The claim by some economists that cash balances can be used for budgetary spending is childish nonsense. Cash balances cannot be considered as current revenue, as they are past revenues that were unspent. Cash balances can be used to finance a deficit, not as current revenue.

Saturday, June 11, 2022

Le Budget parallèle !!!!
For a newspaper like l’express, such postings(see below) do not do it justice, or is it a new type of “chatwa-ing”, the mainstream press version ?
Of all people, it is now from Sithanen that our journaluses are learning about Special Funds….about a parallel budget ….from the very person who has started these “comptabilité innovatrices” back in 1995…

Friday, June 10, 2022

Whether Sithanen, Jugnauth or Payadachy, they are all the same !

I picked up some old newspapers and old Hansards and came across these comments on past Budgets.

Thursday, June 9, 2022

L’exploit de Payadachy “ La vente du pays aux étrangers”

Rezistans ek Alternativ (ReA) attire l'attention sur la mesure 172 du budget 2022/23 du ministre des Finances Renganaden Padayachy qui serait une tentative de brader les terres du pays.
« Sa bidze la pe anons lavant. Se premie fwa dan listwar pei ki enn gouvernma pe vinn avek enn tel mézir. Noun sorti depi bungalo de lix, IRS, Smart Cities, PDS, aster kapav pran later ninport kotsa » a avancé l'animateur du ReA, Ashok Subron.

Wednesday, June 8, 2022

Budget, 2021/22 and 2022/23 – Brief Comments
The actual budget outcome for 2021/22 and the budget estimate for 2022/23 are shown in the table below:

Dear PM,

 


Saturday, June 4, 2022

To the barbarians among us, these hypocrites !

We are not all barbarians ; but among us there are some !
Not only the rogue policeman !
Even among those who are criticising the rogue policemen , we have some barbarians !
They are among us, you find them everywhere , among our so-called avant-gardist politicians, in the sociocultural groups ,among different religious groups, among the positive discrimination and affirmative action groups, among our common citizens and intellectuals who are now clamouring for a stop to injustice and for a review of our human rights legislation-our bunch of selective humanists !!!!!!!

Friday, June 3, 2022

A bleak economic outlook !

Our BoM boy is confident that the domestic economy is continuing to recover, with most key sectors contributing positively to growth. “Several economic sectors have already attained pre-pandemic levels of activity.”

Budget 2021/22 – Expected Performance

On the basis of the latest summary budget information available for the period July 21 to April 22, the estimates for the full year 2021-22 are shown in Table below