SINGH is NOT the KING
“Singh is King” was the slogan when the UPA government returned to power in 2009, but with scams after scams, series of blunders by ministers and soaring price rise Singh is no longer the King. He appears to be Dhritarasthra of the Mahabharata, virtually having no control over his colleagues. His Ministry has raised too many questions than answers.
The year 2010 ends on a tart note due to high inflation, status quo on key reforms and serious financial scams. High food inflation of near 20 percent prevented policy-makers from taking steps to ensure more liquidity into the system to help the corporate sector.
"India's growth-inflation dynamics are in contrast to the overall global scenario" said the RBI Governor D. Subbarao. Little wonder the apex bank hiked its policy rates as many as six times during the year in a bid to curb inflationary pressures, while also trying to ensure enough liquidity for corporate lending to maintain industrial growth.
Amit Mitra, the noted business economist and finance minister of West Bengal, while he was secretary general of the Federation of Indian Chambers of Commerce and Industry (FICCI) criticized the UPA government for mismanagement of the food supply chain that has widened the gap between the farm gate and retail prices. “Food prices have once again gone up and this shows that monetary policy has become an ineffective tool for containing food inflation,”
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Another industry association, Assocham, said the huge rise in food inflation has reinforced fears that the trend would spill over to non-food items and put a lot of pressure on the Reserve Bank of India to tighten its monetary policy.
The adverse impact of UPA government’s policies is now being felt by all the people in different sectors. There is no respite from the price rise of food items; the agrarian crisis affects the vast mass of the people; there is growing unemployment and the Congress-led government seems bent upon destroying even the existing employment by allowing FDI in retail trade. Crony capitalism and massive corruption under the neoliberal dispensation is reaching at alarming proportions.
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The deleterious effects of global recession were minimized due to breaks applied by the BJP led opposition to the agenda of Congress led UPA. Interestingly, the UPA which chided the BJP for its resistance to UPA policies is now claiming credit for minimizing the adverse impact of recession.
Prime Minister Manmohan Singh says his government could steer the country out of recession and the economy is on a recovery path. The global recession begun in 2008 and growth rate fell to 6.4 percent in 2008-2009. It has improved to 7.5 percent in 2009-10. But, this recovery is undone by unprecedented inflation. The plight of the people is compounded by the near 20 percent food grain inflation. The lame excuses of government can no longer satisfy the people reeling under heavy burden of price rise.
What really left industry and people at large worried is that the Manmohan Singh government has been rocked by the allegations of major financial scams like 2G spectrum scam, Commonwealth Games corruption, Adarsh Society scam, Bank-builders scam, IPL scam, Rotton Foodgrain Scam, Cash for Vote, Black money at Swiss Bank, etc. Especially over allocation of 2G spectrum to telecom companies during the previous tenure of the United Progressive Alliance (UPA) government has resulted in swindling of over Rs. 1.76 lakh crores. If only a few crore rupees were involved when the Bofors scandal surfaced, the present scams involve lakhs of crores and yet the government is inactive and trying to underplay. The recurring scandals had not only damaged India's image abroad but also shaken the citizens' faith in UPA government. Further, Mr. P.J.Thomas was appointed as Chief Vigilance Commissioner by the PM, inspite of the fact that he was already been charge-sheeted by CBI in cases of corruption since 2000 and also his appointment was opposed by the leader of opposition in Lok Sabha Mrs. Sushma Swaraj of BJP as a member of 3 person appointing committee. The ministers and MP’s of UPA government like former Telecom Minister A. Raja, Rajya Sabha MP Kanimozhi, Chairman of the Commonwealth Games (CWG) Organising Committee Suresh Kalmadi are moving behind bars in Tihar jail one after another and Raja is saying that whatever he had done was under the knowledge of PMO. So, now the question remains whether so called clean and honest prime minister is only a spectator or a party to all this?
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”Indians are poor but India is not a poor country” Says one of the Swiss Bank Directors. He says that 280 lakh crore of Indian money is deposited in Swiss Bank, which can be used for Tax less budget for 30 years, can give 60 crore jobs to Indians, 4 lane roads from villages to Delhi, forever free electric supply to more than 500 social projects, every Indian citizen can get monthly Rs.2000 for 60 years. No need of World Bank Loan.” Think how the money earned through corrupt policies and measures is blocked by the government and its ministers. However, the corrupt UPA government do not want to bring it back. Hence, PM Manmohan Singh is saying, there is "no instant solution" to bring back black money stashed in foreign banks and that information with government cannot be made public due to treaty obligations. So, does the PM deserve the tag of Mr. Clean?
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"Corruption is a pain in our society…this creates a period of uncertainty. It affects investment and thus growth… We have to do away with it." said Dilip Modi, the president of the Associated Chambers of Commerce and Industry of India (Assocham).
Is Indian Democracy only for the sacrifice of poor people and tax-payers for the benefits of Corrupt Politicians? If Common Citizens and Tax-payers have lost the faith in CBI, why not 2G case investigated by JPC, FBI or Scotland Yard?
The UPA-II regime lacks it’s manifested commitment to significant legislative measures aimed at social development. The Food Security Act has not been passed. The women’s reservation bill was not introduced in Loksabha. The UPA-II government is signing the Free Trade agreements without any concern for the Indian commerce and farmers.
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Further, the UPA government is proved to be a total failure on the front of Jammu-Kashmir. It could not tackle the separatists. Hosting the national flag anywhere in India is every citizen’s right. However, it did not honour that pious right. As the nation witnessed recently on 62nd Republic Day that patriotic nationals who wanted to host the pious national flag at Lal Chowk in Kashmir were detained and put behind the bars and the separatists who used to burn the national flag and host the Pakistani flag were left free to fulfill their wish and whims. Also, the UPA could not control the terrorism and could not manage to destroy the terrorist network in India, Pakistan and POK. Instead, to hide its wrongdoings, failures and scams, the UPA Government is making false allegations on patriotic Hindus & their Organisations and misusing the CBI and other investigating agencies for their malicious ends. The one-third country is suffering with Naxalism and the government has no control over it.
India is going to become Super Power in 21st Century and it cannot take Super Scammers with it. The UPA government is a total failure and has made a mockery of all the trust, confidence shown by the aspirations of common people of nation. Thus, this corrupt government has no right to continue, it should immediately quit now.
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