Saturday, August 31, 2013

INDIAN REFORMS OR SHORT CUT TO DISASTER

Indian population of one billion plus had seen high hopes of an end to their woes and miseries in the hands of the trio of highly acclaimed economists but all their hopes and aspirations seem to have bitten the dust because they have miserably failed to put their knowledge to its best use. The polity has all along been thriving on hollow promises, high sounding slogans and true to its basic baser instinct of fooling citizenry at large and lust for power, UPA II has worked hard to manipulate the two path breaking reforms (in their words), namely the food security bill and the land acquisition bill.
It is not that the Indian government on the whole and these three musketeers in particular do not understand the total implications of their actions on the health of the economy and deterioration of the psyche of human resource of India. But their lust of power pushes them to the dictum of everything is fair in love and war, the war to grab power and dictates them to resort to anything and everything that can fetch votes, not withstanding its negative impact on the nation.
It is really sad that total Indian polity has failed to take the food security bill in the correct perspective and all politicians in the country wanted to excel each other in blowing away public exchequer in the most undesirable and inefficient manner. They fail to realize that the country's resources are limited but these vote banks are quite capable of blackmailing the polity into submission knowing its need to ensure votes for its mere existence.
Much has been said about land acquisition bill and that it will have far reaching effect on the fortune of our farmers. A few points any learned politician of the country will like to answer.
  • In next five years how much of land from how many farmers/ farming families is likely to be acquired? May be a couple of thousand of farmers and fooling around 200 million voters, in the same way as fooling around 300 million voters for reservations in jobs by doling out 1 lakh jobs during the last 65 years. What a great achievement ?
  • Who is going to reap the benefits of land acquisitions by government for infra projects, industry and urbanization? Is it not a fact that much before the actual land acquisition comes into play, the sharks belonging to power corridors, the kith and kin of politicians, their stooges and cronies manage to corner all land. The bill is an effort to give them the huge windfall benefits. If there was iota of sincerity in the minds of the polity, to give the real benefit to the farmer or the real landowner, some safe guard against this activity could have been incorporated, otherwise in present form, it is only an effort to maximize the gains of Vadheras and the likes of them along with the piddlings of the power corridors.
The seemingly innocuous land acquisition bill  is an effort to multiply manifolds the illegal earnings of who's who of the power corridors and to fool the farmer at large to grab his valuable vote for the black motives of the polity. Its overall impact on the economy,  its growth and to the urbanization of the country is going to be highly negative. Land acquisition bill will push up property prices by 30% along with making land acquisition a long drawn process riddled with uncertainties. Every cloud has a silver lining and hopefully the provisions contained in the bill will be used by landowners at nuclear power plant sites to see an end to the call on nuclear power in India : our worst enemy.