Economic Undertakings

Opinions of our readers May 23, 2022

Build India, don’t destroy it

In all areas, India is rife with enough hot issues. The country’s economy continues to suffer and it may take several years to register even modest growth, as many experts in the field explain. The closure of businesses is still not under control and millions of people continue to lose their jobs. Already unemployment is at an all-time high. The cost of living is the only thing that continues to register an erratic increase. The ever-increasing cost of basic commodities further aggravates the debts of the poor and middle class. The continuous increase in the cost of fuel like petrol, diesel and gas is practically adding fuel to the debt fire.

It is in this context that people are again subject to the sharp increase in electricity prices, property tax, public transport, etc. The finance minister’s assertion, “rising inflation affects the rich, not the poor”, sounds more like a mockery than an explanation or an effort to appease the victims. Export growth fails to excite anyone in the context of further import growth resulting in a further increase in the trade balance. The declining value of the rupee against the US dollar will have a telling effect on the overall economic situation of the country.

The government boasts of a record increase in GST collections. The government has provided loans for the past 8 years to the tune of Rs.10 lakh crores per annum. The sale of businesses and public sector enterprises is seen as another lucrative source of funds for the government. These entries are in addition to receipts in PM CARES and its ilk. With such fabulous incomes, the country is expected to exhibit phenomenal growth in all areas. But surprisingly, no positive change in the economy or any development project is visible. But even in these troubled times, there are individuals whose assets are growing at an astronomical rate, which shows the glaring disparity and the fact that resources are allowed to be hoarded by the few.

A situation like this calls for a focus on war-footed efforts to improve the condition. But unfortunately, those affected cite Covid19 or the war in Ukraine as the cause of the deterioration, which everyone knows is a false narrative.

To prevent people from realizing the failures, inefficiencies and wrongdoings of the ruling system, communal issues are being brought to the fore one after another, which cannot be the priority of the country at this stage.

But history has clear lessons that such tactics can only produce short-term political benefits, but with long-term negative social and economic impacts. It’s time to focus on development

and certainly not about distracting attention or destroying the social fabric.

AG Rajmohan, Anantapur

Should Muslims stop playing the victim card?

This refers to Asad Mirza’s article ‘Fault Lines Widen Among Muslim Leaders’. At first glance, the article seems to elucidate the real concerns and feelings of Muslims in the country, in which the political leaders of the community have failed to secure a tangible, constructive and democratic roadmap as they are embroiled in small regional problems. and irresponsible religious issues, establishing a working relationship with the ruling political parties in the country, for their social and financial survival.

The community does not have to live in a siege mentality to apprehend others, which is born out of a lack of trust and mutual mindset; and this kind of mentality arises when there is a lack of education and productive jobs, to be under the dictate of regional leaders and selfish hobbyhorses in the region, who use them as cannon fodder for agendas and narrow political agendas; whipping up passions against their religious groups, with the aim of showing the united strength of the community, even against beneficial and advantageous programs like the CAA, the triple talaq and the common civil code, in which women and children are part agitation to gain sympathy.

The Muslim community in India can hope to emerge from the quagmire by abandoning the traditional Islamic way of teaching and imparting education in Madrasas, in which more emphasis is placed on religious bigotry which eludes rational traditional education and the scientific temperament that eludes the student miserably to become unfit in the midst of the rapidly changing society in terms of seizing job opportunities, being ostracized in the social system, opting for jobs , which gradually lead to financial and other social frustrations.

Islamist organizations take advantage of such elements in the community as part of the youth of the country shows a propensity to be part of these jihadist groups which operate outside India, from states like Kerala and other parts from the country. The author quoted the conference held recently in Hyderabad in which varied opinions were expressed by speakers who did not pave the way for the community to become a monolithic religion due to religious denominational differences and having a reactive mentality rather than evolving towards a proactive strategy.

But, the vital and indisputable reality that the community must remember and learn is to be inclusive in the global milieu of Indian society, not to play the victim card, without always swearing on the constitutional provisions to prove their point. view, however unacceptable their actions and the talks may be – even if they do not entirely lend themselves to the judicial caution of the courts when verdicts are handed down to look askance.

KV Raghuram, Wayanad

Ensure consistency in the implementation of the GST

As the three-judge judge at Apex Court ruled that the GST Board’s recommendations are not binding on union and state governments on the grounds that they merely disrupt fiscal federalism, particularly when parliament and the legislatures possess equal powers to legislate the GST, relieves non-BJP-governed states that were on the path to agitation with the Center over the issue of freeing up their share of the GST. In addition, the court emphasized that the recommendations of the TPS Council are only recommendatory and having only a persuasive value, they contribute to promoting cooperative federalism and cannot be neglected.

However, at the same time, the GST was a landmark reform initiative that removed several central and state taxes, making it easier to conduct business after it came into effect in 2017, the GST council chaired by the finance minister of the Union and representatives of all the States being the decision-making process. body on all key issues such as tax rates and other matters, the decision raised a host of questions and doubts about whether the GST would continue in its current form.

Notwithstanding the fact that the TPS Board has met up to 46 times over the past five years and only after intense deliberation each time, the decisions taken have been by and large unanimous after taking into account differing points of view and have balanced them in the interests of both the Center and the States. To be ignored. Overall, the decision came at a time when states have expressed concern over the handling of the fiscal situation once the compensation tax intended to cover lost GST revenue ends in June this year. gave a brutal jolt to the union government who have no choice but to file a petition for review to ensure that the level of uniformity of GST legislation currently in place across all states continues without hitch.

KR Srinivasan, Secunderabad

The small farmer must be protected at all times

It is a well known fact that agriculture is the mainstay of Indian people where there is a large scale reliance on cultivation/crop growth and sustenance of consumerism. Farmers who form the backbone of the vital profession are to be economically protected by the government primarily through the supply of MSPs for the entire amount of produce resulting from the hard efforts of the former.

But, unfortunately, the farmers whose support in collecting several lakh metric tons of paddy in the two harvest seasons of Kharif and Rabi every year is of immense help are receiving a rough supply by government policy by not providing not a favorable and farmer-friendly MSP rate for agri products processed by the former.

This type of situation is exemplified by the recent incident in which Telangana State had to face the difficulty of not sourcing surplus paddy from the Center during the rabi season, which led the State to decide suo motu to purchase the entire amount of the farm. produce at an acceptable cost, thus indicating that the Center has adopted an anti-farmer policy to the detriment of the farmers as well as the state government, practically putting them in an awkward position.

The TRS government under the leadership of KCR is to be commended for implementing the farmer-friendly program of “Rythu Bandhu” in the state by providing free and uninterrupted power supply to water the paddy fields in addition to improvising watering projects. irrigation at a cost independent of the Centre.

Furthermore, the devastation of crops due to untimely and excessive rains in addition to drought conditions is also responsible for the insolvency suffered by the farming community during agricultural seasons. Although agriculture and cultivation are the cardinal issues for the growth of the country, the farming community concerned does not receive the recognition and status due to it in our society by relegating them economically and politically to a degree/position insignificant.

Therefore, in our democracy, which is essentially based on the field of agriculture, a prominent place should be given to improving the condition of farmers and improving their status quo by encouraging them in all respects as well as only by calling for their social elevation and stop politicizing tooth and nail the suicides of farmers.

It is high time for the states across the country to take inspiration from the Rythu Bandhu program adopted by the TRS government to obtain benefits enjoyed by the farmers to improve their condition. So, in the scheme of things, free and uninterrupted power supply must be ensured to the farmers in the villages of all the affluent states synonymous with the state of Telangana.

Bh Indu Sekhar, Hyderabad