Our PM Manmohan Singh called for this Meeting this morning at 11 am at his residence at 7 Racecourse Road,New Delhi with the Top Editors of Media Channels to break his silence on a Host of Issues challenging his Coalition administration and India currently and field questions from the Editors
It was naive to expect him to expose his coalition and party colleagues on Corruption……He said nothing that we do not know already !
My sense was he should have remained Silent……
Because what came out from his 90 minutes live telecast meeting was this……
HONESTY….that we have his assurance that he was dead serious of bringing to book all wrong doers regardless of the position they occupy….he asserted that they will not escape this time….but he has been unable to live up to his promise of 90 days on exposing the culprits on the Commonwealth Games Corruption as due process of law has to be followed,however frustratingly long it takes
HELPLESSNESS….On the Twin Demons of Rising Inflation and Corruption,without precedence in Scale…the PM expressed helplessness on Inflation,especially food inflation confessing that we did not have all the tools to fight this…we have no control of International events….India is now an open economy and will be impacted…we are trying to combat inflation without compromising on GDP Growth …..On the Issue of Corruption,the PM raised the politics of Coalition Compulsions….but tell me Mr PM,where is coalition compulsion in the Scams of Adarsh Housing,Commonwealth Games,Black Monies in Swiss Banks and ISRO-Devas Space Spectrum !….you can pass the blame on coalition compulsions only where the huge 2G Scam is concerned where the world knows of Coalition Partner DMK’s involvement…..on one hand you are assuring us that all wrong doers will be brought to book while on the other hand you are trying to cover up the alleged involvement of Congress Higher Ups in Huge Scams by deflecting the blame on Main opposition party BJP and your Coalition Partners !
HILARITY…..Mr PM, you are well recognised as an Economist too and as Father of Modern Reforms in India when as Finance Minister in 1991 you initiated some path breaking economic reforms…so I was completely flabergasted when you drew parallels between the 2G Scam Loss and the Food,Fuel and Fertiliser Subsidies !….Hilarious !….and completely unacceptable…..The 2G Scam was facilitated to benefit a few corporates and their Promoters to the tune of thousands of Crores !…..by selling the treasured national asset of spectrum at cheap rates to a predecided selected few corporates,some even ineligible !,and who lost no time in making obscene profits of thousands of crores by leveraging on this asset by selling of huge chunks of their Equity at fantastic valuations …….clearly this was the predecided nexus gameplan between politicians and bureaucrats and the beneficiaries……and therefore clearly it is logical to assume that the beneficaries passed on some of the benefit back into the nexus in various ways…probably some before and some after getting the spectrum……How in the hell can you compare this Loss to the Exchequer to the Subsidies on Food,Fuel and Fertilisers !…..current telecom Minister,Kapil Sibal wants us to believe that 2G is a Zero loss ! while CBI has just stated yesterday that it is easily Rs 50000 crs and counting,while CAG report says it could be as high as Rs 176000 crs !…..the rationale of Subsidies is that the Poor should not feel the brunt of Rising Input Prices and therefore they,like farmers, are accomodated with Tax Payers therefore paying for this accomodation…the beneficiaries of the subsidies are therefore targeted to be the millions of the poor in India