Since 1991 Indian government is on spree of reforms ( as they call it) and globalisation.Globalisation is quite fancy word in vogue now a days.Any thing is passed on as Globalisation including corruption.
The liberalisations cum globalisation was misinterpreted as capitalism promoted in the country creating a new rich class consisting of babus,politicians, premier grad technical schools alumni and businessmen mostly the old time traders like wadias and ambanis.
.
The hungry Indians suddenly found freedom and took it up to fulfill all their cherished and long pending dreams of copying the western lavishness of Americans.This was called development.
See what MM Singh started doing?
1.First of all salary sand perks of CEOs were raised 100 to 1000 times suddenly without any logic and need just to catch up with US MNC executives in dollars.This had wide ramifications throughout the system with Public servants following the suit.
This has naturally caused polarisation of wealth in two sections of society.And price rise was natural to follow and is going on unabated till date.
2.Reckless taxation started in country with multiple taxes and raised tariffs .Taxes like service tax was introduced .Chidambaram an obsessed fraudulent economist was tax crazy guy who taxed everything excepting public lavatories.The result multiple taxes initiated price spiral including property market
3.Reckless conversion of agriculture land was started every where in name of infrastructure development wasting precious fertile land and mainly for purpose to get bribes and kickbacks in multi thousand crores of projects launched suddenly in the country .
4,Reckless expansion of automobiles started without India having any fuel availability.
5.The industry was left on its own to fix public issue prices,raise capital and fix prices of drugs and FMCGs thus starting off a chain reaction of price escalation and profiteering.
The result 300% price rise in general items and 700% rise in property prices in India in very short period of 7 years .And it is rising unabated.
Not a single socio economic ratio is comparable even to a badly managed US economy which Singh and his pals are copying.
More and more people are slipping under poverty,underemployment,unemployment and hunger and deprivation.Same situation as in USA is being slowly created by opening up health care ,insurance and loans to private sharks and MNCs.It wont be much time before India will have more than 15 crore unemployed and underemployed but withiout any social security support like given in USA.
USA has very strong legal systems and social security system.
No improvement have been done in limiting gigantic corruption,(actually it has gone up many times now since Singh has joined PMO)third rate and incapable and corrupt judiciary of India, police and other such burning problems
Social services have been stopped by government and education,healthcare,housing and basic needs are handed over exclusively to private profiteering contractors.
The huge amount of taxation money collected is being wasted in third rate and badly managed schemes in name of development and welfare and siphoning off from system.
The results are visible in rising share prices of banks and prices of property.
Not a single phneomenon going on in India today including price rise can be explained by any logic or economcs principles.It is purely loot and free-for-all going on.
People should create their own awareness and spread the message as corrupt media wont support against this capitalist stooge government.
Prof R K Gupta
IndiaFORCE
The liberalisations cum globalisation was misinterpreted as capitalism promoted in the country creating a new rich class consisting of babus,politicians, premier grad technical schools alumni and businessmen mostly the old time traders like wadias and ambanis.
.
The hungry Indians suddenly found freedom and took it up to fulfill all their cherished and long pending dreams of copying the western lavishness of Americans.This was called development.
See what MM Singh started doing?
1.First of all salary sand perks of CEOs were raised 100 to 1000 times suddenly without any logic and need just to catch up with US MNC executives in dollars.This had wide ramifications throughout the system with Public servants following the suit.
This has naturally caused polarisation of wealth in two sections of society.And price rise was natural to follow and is going on unabated till date.
2.Reckless taxation started in country with multiple taxes and raised tariffs .Taxes like service tax was introduced .Chidambaram an obsessed fraudulent economist was tax crazy guy who taxed everything excepting public lavatories.The result multiple taxes initiated price spiral including property market
3.Reckless conversion of agriculture land was started every where in name of infrastructure development wasting precious fertile land and mainly for purpose to get bribes and kickbacks in multi thousand crores of projects launched suddenly in the country .
4,Reckless expansion of automobiles started without India having any fuel availability.
5.The industry was left on its own to fix public issue prices,raise capital and fix prices of drugs and FMCGs thus starting off a chain reaction of price escalation and profiteering.
The result 300% price rise in general items and 700% rise in property prices in India in very short period of 7 years .And it is rising unabated.
Not a single socio economic ratio is comparable even to a badly managed US economy which Singh and his pals are copying.
More and more people are slipping under poverty,underemployment,unemployment and hunger and deprivation.Same situation as in USA is being slowly created by opening up health care ,insurance and loans to private sharks and MNCs.It wont be much time before India will have more than 15 crore unemployed and underemployed but withiout any social security support like given in USA.
USA has very strong legal systems and social security system.
No improvement have been done in limiting gigantic corruption,(actually it has gone up many times now since Singh has joined PMO)third rate and incapable and corrupt judiciary of India, police and other such burning problems
Social services have been stopped by government and education,healthcare,housing and basic needs are handed over exclusively to private profiteering contractors.
The huge amount of taxation money collected is being wasted in third rate and badly managed schemes in name of development and welfare and siphoning off from system.
The results are visible in rising share prices of banks and prices of property.
Not a single phneomenon going on in India today including price rise can be explained by any logic or economcs principles.It is purely loot and free-for-all going on.
People should create their own awareness and spread the message as corrupt media wont support against this capitalist stooge government.
Prof R K Gupta
IndiaFORCE
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