Dependence On FDI Is A Necessity By Compulsion or By Choice

Congress Party has ruled India for decades, at least for period far more than their opponents like BJP or NDA. During last 65 years of rule , Indian politicians in general and that of Congress Party in particular have left no stone upturned to loot the resources available in the country for their self interest. As a result, the financial health of the country is now in complete mess.                                                 
                                                      

Unwarranted import of Gold and unbridled import of fuel have added fuel to fire. Fiscal deficit and current account deficit have been growing year after year. Despite financial constraints, politicians to serve their political interest do not hesitate in giving stimulus package to corporate and subsidy to poor. They distribute money under MANREGA, Sarva Sikcha Abhiyan , mid-day meal, free laptops, free rice and wheat ,free house under Indira Awash Yojna and so on knowing very well that they do not have financial capacity to afford such charity. 

It is these mindless politicians who go on spending without making arrangement for higher production and higher revenue collection which results in mismatch of income and expenses and then fiscal or revenue deficit.

They advise banks to lend money at lower rate of interest to car buyers and when number of car increases by 30 per cent per year and consumption of diesel and petrol increases, they cry for help. It is they who are responsible for increase in subsidy burden due to fuel escalate from roughly Rs.45000 crores to Rs.180000 crores in a year. Had they restricted sale of car , they could have restricted the consumption of fuel and also subsidy burden.

They allow state run banks to sanction high value loans to corporate and loans to farmers and then allow loan waiver scheme and compromise settlement scheme to damage the health of bank and then express its inability to infuse capital in sick banks and build pressure on banks not to allow wage hike disproportionate to their earning capacity. Had they been wise , loyal to country and matured, they could have inculcated healthy culture in banks and borrowers and could have avoided escalation in bad assets. They could have thus avoided frequent infusion of capital in ever growing sick banks.

It is politicians who allowed easy loans to builders and consumers which resulted in many fold rises in cost of land and houses. It is they who allowed politicians to open schools and colleges to use their ill earned black money and charge lacs of rupees as tuition fees from students without ensuring quality education. Before reformation era, tuition fee used to range between a few hundred and a few thousand of rupees. Further to help corrupt politicians owning colleges of higher education they advised banks to sanction easy loan to students. As a result of which promoters of colleges of higher education increased the tuition fees from a few thousand peer year to few lac per year.

Despite all these, had the government focused on industrial revolution by increasing manufacturing capacity, they could have increased employment opportunities and could have afforded higher pay for youth coming out of these colleges paying higher tuition fees. But unfortunately these mindless politicians have added number of frustrated youth in the country because students who opted for higher study after taking loan from banks are now not in a position to repay their loan and not in a position to afford livelihood for their family. Bitter truth is revealed in one of recent survey which concluded that 80 percent of MBA and engineers coming out of these colleges are not employable.

In brief, Bitter truth is that common men and even person belonging to  Lower middle class can neither afford buying a house , nor a car  and nor they can afford quality education fro their children.All hype created in favour of so called reformatory policies propagated by Manmohan government is by none other than Rich Business houses and Upper Middle Class people. 

Retail Marts like Walmart or Tesco of Foreign origin will undoubtedly be beyond the access of common men.More than Ninety five percent of population cannot afford buying goods from Walmart or Tesco or even from domestic retail marts like Big Bazar .Obviously government is directing all its policies for the benefit of only negligible segment constituting upper rich class people of the society.

It is only due to all their dirty politics, that the position of India has become so much miserable that India needs Foreign Direct Investment to meet current fiscal crisis. Indian leaders ruling this great country have proved before the world that they are not capable in doing their business and they are inviting foreign businessmen like Walmart and Tesco to do retail business in India and create job opportunities for unemployed youth.

Farmers will be benefitted or not, consumers will be benefited or not , traders in general will be benefitted or not, employment opportunities will increase or  the employment of crores of small traders will be snatched by allowing foreign Direct Investment in Retail Business may be  questionable, debatable and unclear at this juncture.

But there is no doubt in it that our politicians who are ruling the country now are not in a position to deal with fiscal , economical, social and employment crisis. They are unfit in handling fiscal matters and hence they are inviting foreign business giants to take care of Problems India is subjected to face by their dirty politics.

Manmohan Singh led government is therefore ready to sacrifice the national pride in the hands of foreigners. They divided Indians among various caste and communities by using various types of caste based quotas. They divided the politics in two parts communal and secular. They divided entire society in the name of communities. Political parties supporting Muslims and acting against the interest of Hindus are called as secular and those who are opposed to this polluted and poisonous idea are termed as communal.

Now they are bent upon dividing the states in Pro-FDI and Anti –FDI. Divide and Rule has become their powerful weapon to rule this country. And this is why people of India willingly or unwillingly have started saying British rule  was better than current rule of Congress Party.

One may admit or not, bitter truth is that Indian economy has now to depend on FDI and FII. Indian stock Market fluctuates as per whims and fancies of FII. Rupee value depreciates or appreciates as per flow of foreign currency in the market.

If FDI is allowed in all sectors , there is no doubt that India will slowly loose the self pride and discard the idea of becoming self reliant and self dependent which forefathers and freedom fighters of this country dreamt after getting freedom in 1947.

The most disheartening fact is that Members of Parliament in our country as also  political parties of this country think from the angle of consideration of their survival in politics and  not from the angle of national priority and national  interest nor for the welfare of Indian people.They are Pro or Anti FDI not from their own mind but as per dictates of their respective Party High  Command. 

Media men also do not care for what is good or what is bad for the country , Unfortunately they also play the flute as per their closeness with the ruling party or opposing parties. 

As such real debate on pros and cons of FDI is never possible even in Parliament , not to speak of outside Parliament. People may cry for some days, ultimate victory will be of rulers . 

If Heads of ruling party  are Tugluq , people of India have to bear with them for at least five years. There are politicians who though pretend to treat democracy as religion and Parliament as temple of democracy actually use Parliament as gambling center and use democratic principles to cheat voters, use secularism to divide the society and dissipate political energy. And hence to divert the minds of common men from pain of corruption and price rise ,dirty politicians use FDI and to dilute the repercussion of FDI they resort to further price rise.

Read following Link also--------------

MONDAY, SEPTEMBER 17, 2012

Is India Beggar? Is FDI Indian Compulsion? Is There Pressure From USA? How Long Indian Economists and Politicians Will depend on Begging FDI And FII

Raj Thakre says that people from Bihar and from North India are burden on the state of Maharashtra. Shiela Dikchit  CM Delhi says that Delhi is facing problems only because people from all parts of the country have crowded and polluted Delhi. Some other parties say that people migrated form neighboring countries like Bangladesh , Nepal, Sri Lanka and Pakistan are burden on India.People of one state are at daggers drawn to people of other states.Raj Thakre says that he will throw the people form Bihar and North India. And so on ........

http://jaindanendra.blogspot.in/2012/09/is-india-beggar-is-fdi-indian.html

Why FDI is Important and Unavoidable

FRIDAY, NOVEMBER 25, 2011

Walmart in India
Union Cabinet has decided to permit Foreign Direct Investment upto 51% in retail sector. When India got independence from Black rule of British in 1947, leaders of the country promised to make India self dependent , they told the Nation that they will use its own resources to build India strong and give Indians all comforts which they deserve for respectful living. 

http://jaindanendra.blogspot.in/2012/09/why-fdi-is-important-and-unavoidable.html
                                                                                                                                             

Loot in the name of reforms and aam admi, says Mamata Banerjee ahead of October 1 agitation in Delhi

http://www.ndtv.com/article/india/mamata-banerjee-slams-centre-says-loot-is-on-in-the-name-of-reforms-aam-admi-273716

Kolkata: Ahead of her party's demonstration in Delhi on Monday to protest against the UPA government's decision to allow FDI in multi-brand retail, Trinamool Congress chief Mamata Banerjee has hit out against the Centre saying that "looting is on in the name of aam admi and reforms".

Ms Banerjee, who left for Delhi during the day to attend her party's demonstration at Jantar Mantar, said in her post in Facebook: "Reforms are meant to usher development for the people. Now-a-days, the trend is whenever any anti-people decision is taken, it is taken in the name of reforms."

Her comments came shortly after Prime Minister Manmohan Singh indicated that the Centre may continue with the reforms process and expressed willingness to discuss issues with the allies. "We will do what is good for the country... reforms are not one-off process," he said in Delhi.

Six Trinamool Congress ministers had submitted their resignations on September 21 to the Prime Minister in protest against allowing FDI in retail, diesel price hike and the cap on subsidised cooking gas cylinders. The party had also submitted a letter to President Pranab Mukherjee formally withdrawing Trinamool's support to the UPA II government.

Senior party leader and former union minister of state for Urban Development Saugata Roy told PTI that all the party MPs are supposed to take part at the dharna at Jantar Mantar on Monday.

Referring to the Finance Ministry's decision to levy service tax on air conditioned passenger coaches and freight services fares in Railways from October 1, he said it would further burden the people after the decisions on hiking price of diesel, restriction on subsidised LPG cylinders, increase in fertiliser prices and permission to FDI in retail.