ഞായറാഴ്‌ച, ജൂലൈ 05, 2009

Is RIGHT that right?

We voted for them, now receiving what we deserve........
  • Petrol price hiked by 4 Rs. It will surely increase the price of necessary commodities. It seems the government control on oil prices will be removed very shortly. If it happens, One can only assume what it will result in. Remember the price of crude is one half what was in 2004.In the mean time, the price of aeronautical fuel enjoys an all time low, only one third of what was in 2004.
  • They are going to sell shares worth 50,000 crores of public sector industries like BSNL, LIC etc. This amount is more than the value of the entire public sector shares sold till now. Even in countries like U.S the government is now carrying out nationalization of private sector like banks, motor industry etc. They have learned the disastrous effects of privatization through "recession". But we are not learning, are we? Even the UPA chairperson Sonia Gandhi admitted that the effect of public sector in economy saved us from recession during elections. Also remember due to recession, the value of shares has hit all-time low and if they are sold the only party who will profit from it will be the corporates buying them. Effectively the corporates are buying 49% of our public assets at a cheap rate.
  • Is privatization is the only means of raising fund. The budget shows that government has got more than 7000 crores as fringe tax. What is fringe benefit tax? The taxation of perquisites -- or fringe benefits -- provided by an employer to his employees, in addition to the cash salary or wages paid, is fringe benefit tax. Any benefits -- or perks -- that employees (current or past) get as a result of their employment are to be taxed, but in this case in the hands of the employer. This includes employee compensation other than the wages, tips, health insurance, life insurance and pension plans. Any multinational corporation can easily manage this tax. But in this budget, this tax is withdrawn thereby gov. losing more than 7000 crores in the next fiscal year. The corporates are now happy. As MJ said "All I want to say that they don't really care about us....".
  • The share of foreign investment in insurance and banking sector might be hiked soon. UPA wanted to do it in 2004 itself. But left's pressure prevented this and it eventually saved our economy from recession. And now............
  • Provident Fund is the only asset of an ordinary government employee. The govt is now thinking about giving this money to multinational corporates like reliance to put it on share market. You know what happens in share market, don't you?
  • Iran was one of our oldest friends. But under US's political influence, we are losing that friendship. We voted against them in UN. We are slowly withdrawing form the Iran-Pakistan-India pipeline, which would have been a long term solution for energy requirement at a cheap rate. But they say we need only nuclear energy which will cost nearly 12 Rs/unit of electricity, to a country which has half a billion people with daily wages of 20Rs/day.............
It is not over yet, wait for more Indians. But these facts doesn't come into our attention since all media and news channels have only one topic, you know what, lavlin. Now they don't need left's help and remember

"Democracy is a device that ensures we shall be governed no better than we deserve."
-GEORGE BERNARD SHAH

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