The
common perception is that in his address to the nation on September 21, 2012,
the Prime Minister of India, Dr. Manmohan Sing, struggled to convince the
people of India on the benefits of FDI in multi-brand retail. But the arguments put forth by him in favour
of FDI proved as fallacious and unconvincing, besides being travesty of truth.
Consequently, the opposition has hit out at the Prime Minister over his address
to the nation saying that he was “misleading” the country on FDI in multi-brand
retail and appeared to be advocating interests of other countries while trying
to “defend the indefensible”. In
conclusion, allowing 51 percent FDI in multi-brand retail is an unwise and an
anti-people decision; it requires to be definitely annulled. Nevertheless
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
scam” 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.
Dr.C.Murukadas,
Economic Times, September 22, 2012
BJP
questions Manmohan Singh's rationale for pushing reforms now
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