VOX POPULI
India's Economy In The Wrong Hands : 23 Dec 2022
There is a pattern in being superficial with the BJP doing this all the time. The other day in Parliament the TMC MP Mahua Moitra raised the question as to who is the real 'Pappu' by citing real economic issues and demanding answers from the Finance Minister. But Nirmala Sitharaman replied a few days later turning on the heat and blaming Bengal for being the 'Pappu' for not accepting some of the Centre's supposedly people beneficial schemes. She did not utter a single word in reply to any of Mahua Moitra's arguments. This is typical strategy of a person when they cannot reply directly to accusations, to deflect and attack the other party on matters unrelated to the issues that are being raised. One also feels that the present Finance Minister is not up to the mark on her job and fails to comprehend matters that comprise her portfolio. She is also bound to be tongue-tied if and when she replies to P Chidambaram's revelations in the Rajya Sabha lately wherein he stated that the share of corporate taxes paid is dropping over the years from the total direct taxes collected. This is particularly so since 2014. With the economy growing at whatever rate, where it is expected that corporate taxes should also be growing, the reverse trend is rather disturbing. This would mean that the resource burden for spending on the economy is shifting more to the individual taxpayer than the corporate sector. Thus the corporate sector has been seeing its profits growing over the years and have also been retaining it. This means that the charge that BJP has been lenient to the corporate sector and has been in their pockets is more than true. This would also mean that the corporate sector has sufficient resources to invest in the economy but even then despite exhortations from the Finance Minister they are refusing to do so. There was another report in the papers that with the lakhs of crores of bad debts that the banking sector has written off to decorate their books the beneficiary of these loans are laughing all the way home for being let off the hook so lightly. Thus it is clear that with the economy in the wrong hands it will be difficult for the country to turn around in the post-Covid scenario and now with the virus rearing up its head once again.
Our External Affairs Minister (EAM)Jaishankar has joined issue with Rahul Gandhi and raised in Parliament that the latter should not have used the word 'pithai' in the context of the clash between the Chinese soldiers and Indian jawans in the Tawang region recently. According to Jaishankar it disrespects our jawans. When will the BJP stop making plays with semantics rather than deal with reality. If there was a clash as reported with canes and sticks there would be 'pithai' on both sides. There is no question of disrespect since our jawans are at the borders to fight and give as much and more than they get. Thus giving 'pithai' and taking 'pithai' is part of their job. Therefore the BJP should say what is the actual reality and deal with it. This reality is also actually seen by our soldiers standing guard on the icy heights and it is only our BJP Ministers and leaders who with their words try and decorate it as if it is something else. Our Defence Minister talking of giving the enemy a bloody nose and the Chief of Army Staff saying that they are ready to meet any threat, should stop rattling their swords in the scabbards and take them out and show what they are capable of. The EAM also said in Parliament that the Army has scaled up its strength at the LAC in recent times but even then we get regular border incursions by China. Does this mean China does not even bother about our Army build-up? The consistent attempts to hide facts about the Chinese aggression on our borders is leading to the perception of a different reality than what is on the ground. Even in the Galwan incident with China sometime back initially it was said that there were no casualties on our side and that our soldiers had inflicted severe damage on the aggressors. But finally it came out that we lost 21 soldiers while the Chinese lost only 4. Our jawans are being used as cannon fodder from incidents ranging from Pulwama to the Galwan valley and now Tawang. This has to stop and India has to place action before words so that the enemy is more wary about us. Concluding we need a White Paper on the China aggression on our borders all along the LAC so that the country knows the true reality and not the manufactured one by the BJP that is diluted and wish-washy. The earlier the White Paper is presented in Parliament it is better.