12/22/1789: Justice Levi Woodbury born. The post Today in Supreme Court
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Showing posts with label #coalgate. Show all posts
Now the Indians Want to Send their Prime Minister to The Tihar Jail.
The Indian education system has
miserably failed to create a new generation of ‘thinking’ and discerning minds
to control the finger tips on the keyboards which deliver a variety of services
to the rest of the world.
Instead millions of Indian youth,
with ready access to the cyber world, whip up thoughtless and highly damaging
frenzy, like the twitter
trend ‘#coalgate’ created yesterday on a leaked report alleging Prime Minister
Man Mohan Singh of presiding over a scam
of $ 211 Billion involving sale of Indian coal mines to private companies.
What is more mind boggling than the penchant of theCAG ( Comptroller and Auditor General ) of India to project assumed losses of astronomical sums to the government on account of corruption, is the willingness of millions of ‘educated’ Indians, on whom the west happily outsource everything, to jump in to ridiculous conclusions and create a frenzy like 'coalgate'.
What is more mind boggling than the penchant of the
1.3 billion Indians who live in India
But for millions of educated
Indians, who share the information revolution and the cyberspace with the rest
of the world, there is no excuse to realise and accept that there is nothing
called a free meal.
For example, conceding that
corrupt practices were resorted to in execution, the Prime Minister had already
explained why and how the 2G spectrum was liberally distributed, as a
Government policy, to encourage the telecom Industry.
This has seen India’s subscriber
population exploding to a massive 700 million in a few years, who enjoy the
lowest of rates anywhere in the world, thanks to the $39 billion it didn’t
amass as licence fees, which would have been passed on to the consumers.
In fact what the Indian consumer
has benefited from is an indirect and unspoken subsidy of call charges
equivalent to the same amount, if they were to be compared with the rest of the
world. Whether the western investors would have rushed to India
The new report of the CAG
with accusation of loss of $211 billion to the government, which has been
leaked and subsequently refuted
by the CAG , arises from a government action
indented to stimulate the mining Industry.
The government and several
Industry leaders have already pointed out why the CAG ’s
conclusions are baseless.
"Many
of the blocks are uneconomic, you have to share between two or three parties
and most of these blocks have hardly been explored at all. So remember, you
would have to spend hundreds of millions of dollars in exploration, development
and infrastructure to exploit them," he said. "I think it will be
forgotten quickly."
With the furore created over the
issue, with heads of almost every leading Indian corporate from TATA to Arcelor
Mittal as well as the Prime Minister himself likely to get a summons from the
supreme court and possibly a term inside the infamous Tihar Jail already
hosting a few ministers, the Indian’s can forget not only the development of
the coal industry but any reform which should secure India’s legitimate
position among developed nations.
With the two corporate heads of
the $ 17 Billion Essar group already summoned by the Court in the fallout of
the 2G scam, similar action cannot be ruled out and the dust is not going to
settle despite any government attempt to brush away the aspersion cast by the
leaked report.
If that happens, only the
senseless politicians and thoughtless youth of India
Article first published as Now The Indians Want To Send Their Prime Minister To The Tihar Jail. on Technorati.
Article first published as Now The Indians Want To Send Their Prime Minister To The Tihar Jail. on Technorati.
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