It is an open secret that Prime Minister Manmohan Singh is mainly
responsible for the economic crisis of India. He pretends to be
straightforward and innocent, whereas actually he is not so. Dr. Singh
himself is saying that India's economic situation has gone from bad to
worse and the level of living of a large proportion of the county’s
population has deteriorated over the years. In 1991, India's then Prime
Minister, P.V. Narasimha Rao, chose Dr. Man Mohan Singh as his Finance
Minister. As India's Finance Minister at that time, Dr.Singh was the
main architect of the neo-liberal economic policy which revolved around
liberalisation, privatisation and globalisation. In 1993, Dr. Singh
offered to resignation the post of Finance Minister after a
Parliamentary Investigation Report criticised his Ministry for not being
able to foresee the multimillion securities scandal, which was not
accepted by Mr. Narasimha Rao. Critics say that as the Finance Minister
during 1991-1996, Dr.Singh did not shine except in faithfully
implementing the IMF-dictated policy, i.e. Structural Adjustment
Porgramme (SAP). In the 1994 general election the Congress Party emerged
as the single largest Party and the new government was formed by United
Progressive Alliance (UPA) with the left parties supporting from
outside. To the dismay of many senior congressmen, Mrs. Sonia Gandhi,
the Congress President, chose Dr. Manmohan Singh to lead the Government.
In 2009, Dr. Singh was again chosen by Mrs. Sonia Gandhi to head the
UPA II government. But during his period as Prime Minister, Dr.Singh is
reported to have failed to curb various scams, sandals and frauds
perpetuated by crony capitalists and greedy bureaucrats. As a result,
resources of the country have been looted by crony capitalists with the
active support of corrupt politicians and connivance of bureaucrats. The
country is reported to have lost lakhs of corers of rupees, which could
have been used to promote investment and provide welfare measures to
the down-trodden people. The criticism is that Dr.Singh has been keeping
silence over the organised looting. But many believe that he was not a
silent spectator, but an active participant in the scams, particularly
in the “coal-gate scams€ which has caused a loss of about Rs. 1.86
lakh crore to the exchequer and involved thousands of crores as bribe to
politicians and bureaucrats. Reports show that the Prime Minister's
Office has definite role in the scam. By notifying the decision to allow
51 percent FDI in multi-brand retail trade much against the sentiments
and wishes of almost all political parties, the entire trading
community, and, of course, the vast majority of the people of the
country, Dr.Singh has skillfully diverted the attention of the people
from the ill-famous coal gate scandal, which involved a loss of about
Rs.1.86 lakh crores to the exchequer, besides thousands of crores as
bribe. Therefore, better late than never, it is good that the Uttar
Pradesh chief minister Akhilesh Yadav has openly stated that Dr.
Manmohan Singh is responsible for the economic crisis of India. But it
is unfair for him to say that SP has given support to the UPA government
to keep communal forces out. He must realise that the people of India
will never forgive him and the Samajwadi party for providing for UPAII
to remain afloat and lead the country towards decay.
No comments:
Post a Comment