Monday, November 7, 2011

Globalisation of Protest, Poverty and Price Rise

What is justification for giving subsidy, interest concession, providing free land or low cost land to big exporters, top industrialist when our government cannot find it wise to give tax concession on prices of petrol to give relief to common men?

Do they think that diesel is used by only poor and by farmers or by only bus operators, not at all by rich people?

Bitter truth is that diesel and domestic gas cylinders are used by rich business men in their diesel car and for their hotel, businesses, and industries and so on.

Does the government think that poor only uses kerosene oil?

Fact is that kerosene is mostly used in adulteration by petrol or diesel distributors in nexus with oil producing and oil distributing companies.

Secondly why is government providing high class food to MPs at nominal and negligible cost and bearing the entire cost from government exchequer?

Why all PSUs provide subsidized goods including gas , coal, food, houses to their employees.?

When government says that it has freed petrol price to be decided by market dynamics, why not the same government is withdrawing all facilities extended to exporters, importers, industrialists, traders, service providers and leaving them to survive on market dynamics?

Why all bitter laws are meant for poor and downtrodden only. It hardly matters much if a few facilities are snatched from rich class people to share the same with common men.

Unfortunately Government decides and regularly regulates bus fare, auto fare, taxi fare, coolie charges but not having any control on higher and higher profit ratio loaded on each goods by their producers and sellers.
Government of India under the leadership of Manmohan Singh introduced policies of liberalization, privatization and globalization in the year 1991 and since then pathetic position of common men have gone from bad to worse and the difference between rich and poor have widened to a dangerous level.
Number of poor has trebled i.e. from 35 crores to 105 crores and number of rich has also trebled from 5 crores to 15 crores. Unregulated and unwarranted freedom to business houses, to rich people and to high profile politicians has resulted in globalization or protest, globalization of revolt. Politicians, few lacs of officers and few crores of businessmen have accumulated all wealth in their fold and poor common men are crying and crying only.

Even banks which were nationalized by Indira Gandhi to serve common men and to extend loan to common men at subsidized rate are now engaged in serving only rich people. High value loans processed in a day or two and sanctioned at low interest rate whereas low value projects are referred to NGO or Micro Finance Institutes which charges unbearable interest rate and where even months are wasted in processing and sanctioning of loan.. Higher the deposit, higher is the rte offered by banks, For low value deposits, even savings deposits: banks offer lower rate than rate which is offered to rich people for bulk deposit.

No comments: