Saturday, September 19, 2015

welome twist and a Paradigm shift to help the poor But PM MODI has to act against the economic criminals

Speaking  at  Varanasi, his home  constituency now our PM   Modi has resolved that he will do in 50 months what others failed to do in 50 years and for the first time in his cool outburst he has not blamed any party or  government for the neglect of the poor and perpetuation of poverty and that he will make a new beginning in creating conditions for the establishment of a state which will commit itself to raise the welfare of the poor. Thank you Mr MODI.   But there are issues and problems in translating the ideal into reality.
All of us know that with simple brute majority and sidelining of   the old bandicoots to the notional roles  and without any fear of losing throne to anyone  ,Our PM has extensively traveled around the world, a sort of record ? to say with the  intention to  safeguard the nation’s economic and political interests. I do not question this role as foreign PM. But his presence and action as domestic PM is more important than that.Addressing NRIs is of no use to tackle our poverty .WE must act here .Let us hope that by encouraging banking habits among the poor and making the money to circulate among them  MR MODI wants to give  a welcome twist and thus a Paradigm shift in “Garibi Hatao” strategy.
So far, so good. I would like to bring to the kind attention of our rulers that many nationalized banks given  a huge amount of money to the moneyed people  the so called industrialists and they have never bothered to repay the substantial part of the loan.As a result the nonperforming asset portifolio of our nationalized banks have increased to a Himalayan proportion. This simply means  many rogues and criminals with the help of the vested interest in banking and politics have swallowed many lakhs of corers of rupees. How can we recycle bank loan when huge amount given ,as loans(other peoples money/deposits) will never be repaid.
Will the PM have guts and determination to confiscate the properties of these economic criminals inclusive of their relatives’ properties and also bring the concealed money abroad.Unless this is done and the crime is punished there is no economic salvation for the poor?
Having voted for you and not for your Party and still having faith in you that you will behave differently   people like us have every right to demand  ACTION

Against the cumulative economic frauds and crime committed under successive economic regime.This further means that the PM has to take the road less traveled by others.If that will to take an unorthodox route is taken  PM can accomplish a lot not in 50 months  but just 5 months.

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