The Bill Drill

The Government has played its dirty game of caste based division of Indian society by passing the Bill of “Reservations in Promotions”. The last reshuffle in cabinet the corporate sector was expecting reforms in policies and governance from Finance Minister P Chidambaram, however for carrying out such reforms there are three established ways.

First sort of reforms need constitutional amendments for which a 2/3 majority is required means support of BJP lead NDA. The BJP is already is attacking mode on UPA-2 and had almost cancelled all session of the parliament on account of Coal gate. Everybody wants a healthy debate on issue of Captive Mining and allocations however the BJP wants to use this opportunity and the early elections. However this seems to be impossible. So the reforms such as Taxation, Goods and services Tax, Direct Tax Codes, General Anti Avoidance Rule which are really needed to boost the economy and to have a healthy market conditions are seemed to be next to impossible. The pension system reforms, insurance sector reforms are essence to control the burgeoning situation of the capital market. Lack of this has already affected the market sentiments and the net FII inflow is drying in exponential manner. Also the lack of adequate policy formation has made the image of Government unstable and brought the phenomenon of Policy Paralyses. The FDI and FII have worries in this area and till date no one is acting one it. The adjourning of entire session of Parliament has drastically affected the process of Policy Making and BJP lead NDA seems to be in no hurry to end this epidemic. The Ruling party is also counter attacking on BJP, wasting the important time on nation when the market conditions needs immediate attention to pace the slowing down of economy. This political chaos is baseless, selfish and against the National Interest.

Second form of reforms is one in which only majority in parliament is required. These included FDI in multi-brand retail investment, civil aviation, curtailing the subsidies on the fuels. The hurdle in this is the coalition parties. The UPA partners could oppose or even agitate these reforms. But they cannot block these reforms. So they are acting in same way of NDA to put hurdles in reforms.

Third types of reforms may see the oppositions in the Congress party itself. The food security bill, the land acquisition bill has major differences between the congress parties itself. In view of upcoming elections P Chidambaram have huge pressure of retaining the subsidies such as fuel subsidy which already killing the Oil marketing companies. The only success of MGNREGA is also need to push with fund and simply increasing the deficit. The FII and FDI are mounting pressure to curtail the subsidies so as to have minimization in fiscal deficit. So the only solution to this is softening of Global crude prices and increase in diesel prices in small doses. The allocation of spectrum and renegotiation of Natural resource allocation is also need. The imposition of windfall gain tax on the beneficiary companies could also lead the way; however we need a strong Government for it. So instead of making concentration on these issues to distract the mind of Aam-admi the UPA chosen the political way and declared the “cast based promotion system”. How could it is reasonable to promote someone not on basis of merit but on base of caste ??