Wednesday March 26, 2008

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 Home>>>Opinion 

Personal Thought: An open letter to PM & FM 

I cannot express any kind of gratitude to the PM & FM of India for their so called largesse they doled out in the form of 20,000 crores worth write off of farm loans or now the estimated 21,000 crores in the form of revision in pay scales of approx. 4.5 million central government employees on the basis of the sixth pay commission report presented by Justice BN Srikrishna.

Since the benefit-ability or otherwise of the farm loan waiver scheme is much discussed in media and other forums, nothing needs to be added here. Already, it has come out that despite the central governments largesse, a good number of Indian farmers are still gripped and haunted by private money lenders. Union Agriculture Minister and Maharashtra strongman Sharad Pawar had advocated such farmers to openly refuse to pay back the loan taken from private money lenders. Even he had asked his own party supported Maharashtra State government to provide police protection to such farmers so that they are not troubled by vultures like sahokars. It is true that the real beneficiaries of the central government farm loan waiver schemes are not the poor or marginalized farming class, but those who have the political clout and they are benefited in more ways than one. Some reports appeared in the print media concerning the Marathwada and Telengana farmers are pointers enough to prove this point.

Now, coming to the other largesse in the form of sixth pay commission report, the benefit of which will soon be handed down to a large swath of central employees, the pulsating hikes that appears in the media has already impacted a large section of public which includes all. For instance, let me take one example of edible oil. I used to purchase a liter pack of refined Sun drop Sunflower oil at a price of Rs. 78/- about two months back which now cost Rs. 106/- a liter pack. I was forced to shift to alternate brand to suit my pocket. This reality has already been brought out by NDTVs programme -Mehangai Ki Manch the other day. People are now really fed up with the sky rocketing price rice. The other day, I was talking with some who are employed in the private, unorganized sector who are really aghast looking at the future ahead for them. Most of them are earning a paltry 4,000- 5,000 a month to feed a family consisting minimum four of which one or two kids are to be sent to schools. According to their view, they will have to take some extreme steps if the price rice continues this way. Once the large amount is pumped into the market in the form of the sixth pay commission report, which will then be adopted by the State government too for its staff, it would bring in real trouble for many.

It is here I would like to ask the Indian Prime Minister, Finance Minister as well as their economic advisory group as to what contingency plan they have to protect the interests of a large section of people who are earning their daily wage in private, unorganized sectors where they are at the sheer whim and fancy of private management institutions.

Those people will really be in the midst of devil (the employers) and deep seas (the fluctuated market). Undoubtedly, suicides, crime and all sorts of lawlessness and anarchy would be the end result of this largesse, unless and until a solution is found to redeem them from such a worst case scenario.

RK Kutty 

 
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