Monday, January 4, 2021

It was corruption then to place him on the pedestal, now corana has fully exposed his real colour and political charactor inviting ridicule and foreign aid from many countries in the world


Corruption has become an all pervasive  and all encompassing phenomenon and defies solution because no serious or sincere attempt has been made so far . This single term was played upon to dethrone the previous government.

The government which came to power by tinkering with this term by giving tall promises  to battle corruption, stamp out the Swiss black money deposit 15   lakhs in each account ,provide liquidity, stimulate growth and create 2 crore jobs per year , and so on has become a laughing stock.

Under the impact of the cumulative onslaught of the twins ,note ban and GST at high rates , growth not only faltered but also became  uneven and distorted and all the key variables which govern the growth process  became  anemic  ;it will take more time to return back to the old normal of high growth and the new normal will be  insignificant not worth mentioning.

Even when growth rate used to be very high ,there was a complaint that it was jobless growth .Imagine then what will be the employment secenorio now  four years after demo-when the twins have just devastated the economic fabric,and corana has intervened and contributed it's lion's share in deepening the employment crisis.

it  remains at 45 years high;Investment is at15 years low .bank lending has remarkably declined .For small and medium industries both finance and demand remain as problem.Rise in NPAs and corporate frauds and  selective concessions and loan write off in the current regime signals a massive redistribution of factor in favour of the capital.

The corporate friendly govrernment continues to be  indifferent to farmers problem and rural distress.The economy has suffered and there is no will to make amends for the cumulative policy errors.
 The so called   money channelld through the digital technology  in a more transparent way,the claim often made, is again doubtful and to what extent  the intended or targeted beneficiaries  have been benefitted.
In 2014 the launching pad was coruption,Ram temple , polarising india by denying economic and political space...

Today it is caught by the virus which has become more militant and virulent and its variant has spread to 44 countries and becoming a mnatter of global concern.who was responsible for this ?
What has gone wrong ? Is the government accountable and answerable?
Let me doucument it for posterity briefly.
(To be continued under the caption:
I can't breathe, cries the nation
We don't mind if he goes) 

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