It is interesting that during the campaigns for the elections across the country, Prime Minister Narendra Modi has been noticeably reluctant to talk about his government’s achievements.
This is also ironic because we know that the prime minister loves to advertise. So much so, that a parliamentary query revealed that the government has spent close to Rs 4,880 crore of tax payer money on advertising their ‘achievements’.
The prime minister and his cohorts changed the terms of a deal to acquire fewer jets for three times the price without following stipulated procurement procedure. When cornered with questions, the government chose to attack the opposition and cite rules of privacy which were contradicted by the French president in an interview to an Indian channel.The Rafale controversy attracts questions also because of the selection of a private party as an offset partner – one who lacked any qualifications in this regard, except for an obvious proximity to the Prime Minister.
Have we ever witnessed four supreme court cheif justice coming out and stating that "democracy is at stake" and govt is intervening in the decisions of the supreme court which is unprecedented.
MEDIA CAPTURE:
There has been an enslavement of certain sections of media which simply choke on any criticism no matter how innocuous of the prime minister and the BJP president. If a channel is less than pliant, it is blacked out for 24 hours, its premises are raided, or the offending journalists are mysteriously made to go on sabbatical or removed outright.
PARLIAMENT BECAME AN UNHOLY PLACE:
After modi won again in 2024 with a land sliding mandate which is unprecedented.During the oath taking session the way parliamentarians took the oath is derogatory and preposterous especially the bjp mp's started shouting a god's name and the other party mp shouting another god's name which i don't want to mention.
This is also ironic because we know that the prime minister loves to advertise. So much so, that a parliamentary query revealed that the government has spent close to Rs 4,880 crore of tax payer money on advertising their ‘achievements’.
Demonetisation:
This would be at the top of any list for its sheer lack of success and the widespread havoc that it inflicted on the economy.It enjoys the unique distinction of having failed on every one of its stated objectives (combatting terror funding, counterfeit currency and black money) while having wiped out jobs.
When its evident that the objectives are failed the people who were at the helm started changing the goal posts like "it is for cash less economy,for mushrooming taxes"
Now lets get into some serious stats,
As on nov 4, 2016 the total cash in circulation was 17.98 lakh crs out of which 15.44 lakh crs were demonetised which accounts for 86% of total cash in circulation.
Black money:
Demonetisation of high-value currency notes -- Rs 500 and Rs 1,000 notes -- that
constituted 86.4 per cent of the money in circulation in November 2016 was a step taken
to bring back money that was out of the banking system. The government initially expected currency only worth Rs 10 lakh crore to be returned to banks. However, the government the faced criticism because most of the currency in circulation was recovered, and only 1.04 per cent was not returned. The total value of invalidated Rs 500 and Rs 1,000 notes at the time of demonetisation was Rs 15.44 lakh crore, out of which only Rs 16,000 crore was not returned to the RBI. As per the final numbers disclosed by the RBI in August 2018, Rs 15.31 lakh crore returned to the banking regulator which was far higher than the government expectation of recovering only Rs 10 lakh crore. In essence, demonetisation has not met the government's goal of wiping out black money from the Indian economy.
constituted 86.4 per cent of the money in circulation in November 2016 was a step taken
to bring back money that was out of the banking system. The government initially expected currency only worth Rs 10 lakh crore to be returned to banks. However, the government the faced criticism because most of the currency in circulation was recovered, and only 1.04 per cent was not returned. The total value of invalidated Rs 500 and Rs 1,000 notes at the time of demonetisation was Rs 15.44 lakh crore, out of which only Rs 16,000 crore was not returned to the RBI. As per the final numbers disclosed by the RBI in August 2018, Rs 15.31 lakh crore returned to the banking regulator which was far higher than the government expectation of recovering only Rs 10 lakh crore. In essence, demonetisation has not met the government's goal of wiping out black money from the Indian economy.
The central bank spent Rs 21,000 crore in handling the mechanics of demonetisation, including printing of notes. This reduced RBI's profits which resulted in lesser dividend being paid to the cenral government.
https://www.businesstoday.in/current/economy-politics/what-has-pm-modi-done-to-fight-black-money-an-explainer/story/280890.html
Now a basic principle, is cash the only way for corruption????
cash to GDP ratio: Nigeria-1.85%
India -11%
Japan -19.4%
singapore-10%
brazil -4%
Cash less economy:
As on nov 4,2016 the cash in circulation is 17.98 lakh crs
As on jan 6,2017 the cash in circulation is 8.98 lakh crs
As on oct 19,2018 the cash in circulation is 19.68 lakh crs
As on april 2,2019 the cash in circulation is 21.42 lakh crs
https://www.thehindubusinessline.com/opinion/the-currency-circulation-conundrum/article26713410.ece
THE CASH TO GDP RATIO
2015-2016-12.2%
2016-2017-8.8%
2017-2018-10.9%
As on june 2018 it stands at 11.3%
Taxes:
The tax to GDP ratio:
2010-2011-11.3%
2017-2018-11.4%
Income tax payers:
According to the govt of india economic survey 2016-17
The avg income of the individual who paid income tax for the first time is 2.7 lakh.
which is a common man who has an income of 23,000 had entered into the income tax bracket.
direct taxes:
Direct tax to GDP ratio:
increased from 5.81% in 2010-11 to 5.98% in 2017-18
mushroomed from 4.48% to 5.46%
direct taxes:
Direct tax to GDP ratio:
increased from 5.81% in 2010-11 to 5.98% in 2017-18
Indirect taxes:
Indirect tax to GDP ratio:mushroomed from 4.48% to 5.46%
Corporate income tax:
Decreased from 3.89% to 3.4%
Personal income tax:
Mushroomed from 1.9% to 2.5%
Sources:
Annual report of rbi
rbi currency and finance report
economic survey of govt of india for 2016-17
economic survey of govt of india for 2017-18
central board of taxes press statement
DENYING SPECIAL STATUS TO ANDHRA PRADESH:
Andhra pradesh was bifurcated in a very undemocratic manner by closing the parliament doors and by stopping the live of parliament sessions.The members of parliament representing andhra were thrown out of the house and were beaten to death.The only decision which was taken by the house by not even counting the heads of mp's.On the floor then prime minister manmohan singh promised a special status but the successive nda govt deceived the state.The centre govt did not even contribute to the revenue deficit of the state in the initial years.
It waters down the confidence of government
It waters down the confidence of government
JOB CRISIS:
Unemployment in the country is at a four-decade-high. The figures released by the Ministry of Statistics and Program Implementation (MOSPI) on Friday pegged joblessness at 6.1 per cent. The report was released after a long delay.
The National Sample Survey Office’s (NSSO) job survey for 2017-18 had shown a spike in the unemployment rate to over 6 per cent, a 45-year high, but the report was not released by the government, which termed it as a draft report.
we shouldn't expect nothing less than this where the prime minister itself stated "selling pakodas is creating employment".
we shouldn't expect nothing less than this where the prime minister itself stated "selling pakodas is creating employment".
THE QUESTIONABLE REWRITING OF RAFALE DEAL:
The prime minister and his cohorts changed the terms of a deal to acquire fewer jets for three times the price without following stipulated procurement procedure. When cornered with questions, the government chose to attack the opposition and cite rules of privacy which were contradicted by the French president in an interview to an Indian channel.The Rafale controversy attracts questions also because of the selection of a private party as an offset partner – one who lacked any qualifications in this regard, except for an obvious proximity to the Prime Minister.
A DROCONIAN AADHAR LINKAGE DENYING PRIVACY:
For months this government argued in the Supreme Court against citizens having a fundamental right to privacy. It argued for surveillance and labelled privacy an ‘elitist concern’. In parallel it struggled to explain why it ordered the mandatory linking of Aadhaar to all possible services from railway tickets to school admissions. The Supreme Court ultimately had to step in and severely curtail the domineering designs of the project
WEAKENING OF INSTITUTIONS:
Have we ever seen income tax department running as govt agency which raids only the opposition leaders but none of bjp leaders which is unprecedented.
Have we ever seen No.1 in cbi filing a case against No.2 in cbi and no.2 in cbi filing a case against No.2 in cbi alleging that the other one had taken bribes which is unprecedented.Have we ever witnessed four supreme court cheif justice coming out and stating that "democracy is at stake" and govt is intervening in the decisions of the supreme court which is unprecedented.
MEDIA CAPTURE:
There has been an enslavement of certain sections of media which simply choke on any criticism no matter how innocuous of the prime minister and the BJP president. If a channel is less than pliant, it is blacked out for 24 hours, its premises are raided, or the offending journalists are mysteriously made to go on sabbatical or removed outright.
PARLIAMENT BECAME AN UNHOLY PLACE:
After modi won again in 2024 with a land sliding mandate which is unprecedented.During the oath taking session the way parliamentarians took the oath is derogatory and preposterous especially the bjp mp's started shouting a god's name and the other party mp shouting another god's name which i don't want to mention.
Comments
Post a Comment