The most interesting promise I saw in the INC manifesto was the Jobs promise. If you have not read the newspapers properly in the past 2 days, the promise was
As TN Ninan wrote in a recent column in the Business Standard “The land law stipulates that forcibly acquired land must be paid for at two to four times...market prices, in addition to other relief and rehabilitation costs. So the new law will make land acquisition next to impossible, or unaffordably expensive (which becomes the same thing) in most states.”
Ninan also points out that “land prices “ in significant parts of rural India “are higher than those in any rural area of the United States, and in almost all of Europe barring countries like Holland.”
The only solution to this mess is repealing the law in it's entirety . The playing field should be levelled. The concept of 'eminent domain' should be introduced and utilized effectively.
The other two issues- money and labour will be analysed in Part 2.
'Creation of 10 crore(100 million) jobs in the next 5 years'
You may think that this promise is an excellent one and it is good to see the congresswallahs talk about India's job market.
Here is my verdict on the promise- It is nothing but a big joke. The biggest joke by any national political party ever in Independent India. These 'impotent' policy makers have done nothing but talk about labour markets in the past 10 years. The only legislation they passed related to labour markets was the NREG Act- National Rural Employment Guarantee Act- an act which has been aptly termed - A government Sanctioned Ditch Digging Programme. The SOB Rahul Gandhi counts it as his biggest achievement after RTI Act in his 'Rights-based Comprehensive Legislation Programme'. 20 billion USD has been spent on the damn thing already. And yet it created less jobs than poultry farming(poultry farming created 3.8 million jobs)!! At the same time, some estimates say that it may have killed 25 million jobs!! Is this the job creation needed in our country?? And the idiot goes on to proclaim that he will create 100 million jobs in the next 5 years.
You may think that this promise is an excellent one and it is good to see the congresswallahs talk about India's job market.
Here is my verdict on the promise- It is nothing but a big joke. The biggest joke by any national political party ever in Independent India. These 'impotent' policy makers have done nothing but talk about labour markets in the past 10 years. The only legislation they passed related to labour markets was the NREG Act- National Rural Employment Guarantee Act- an act which has been aptly termed - A government Sanctioned Ditch Digging Programme. The SOB Rahul Gandhi counts it as his biggest achievement after RTI Act in his 'Rights-based Comprehensive Legislation Programme'. 20 billion USD has been spent on the damn thing already. And yet it created less jobs than poultry farming(poultry farming created 3.8 million jobs)!! At the same time, some estimates say that it may have killed 25 million jobs!! Is this the job creation needed in our country?? And the idiot goes on to proclaim that he will create 100 million jobs in the next 5 years.
In order to create such a large number of jobs in the country, four things are required- Infrastructure(Power,Roads/Transport and legal framework), Land( Land prices for industries in rural areas are higher than in rural USA, primarily due to RaGa's Land Acquisition Bill) , Money., Labour
So lets see how he plans to create Infrastructure- .........................................................................
So lets see how he plans to create Infrastructure- .........................................................................
He has no plan. The Border Roads organisation is outstretched( Thanks to the incredibly honest A K Anthony)-this leaves us with decreased ability to harness the hydroelectric potential of North East states and other Himalayan States.Moreover, grid connectivity has not improved as our power ministers Sushil Kumar Shinde and Jyothiraditya Scindia were too busy with ....party work.
India has the third largest coal reserves in the world and we produce less coal than the Aussies. Why?- We have an inefficient Monopoly called Coal India Limited(CIL) which the government refuses to privatize despite repeated requests from Industrywallahs and economists alike. Why doesnt the government privatize it? The answer is that CIL is and always has been a cash cow for the ruling party.
And we had to suffer from 'Jayanthi Tax' too..The fat bitch would not send out the files even after completion of the cumbersome bureaucratic process for a reason only know to her. It takes an average of 7 years for a coal mine to start operations in India-Compare this with 0.5-1.5 years in China and Australia.
India has the third largest coal reserves in the world and we produce less coal than the Aussies. Why?- We have an inefficient Monopoly called Coal India Limited(CIL) which the government refuses to privatize despite repeated requests from Industrywallahs and economists alike. Why doesnt the government privatize it? The answer is that CIL is and always has been a cash cow for the ruling party.
And we had to suffer from 'Jayanthi Tax' too..The fat bitch would not send out the files even after completion of the cumbersome bureaucratic process for a reason only know to her. It takes an average of 7 years for a coal mine to start operations in India-Compare this with 0.5-1.5 years in China and Australia.
Roads and other forms of transport are another BIG, inefficient problem.They government is bent on not modernising the Indian Railways. Clearances are almost always late, and when they do come, they are unclear. The UPA has made the problem more acute than ever due to is Land Bill.
The way forward is breaking up CIL and then privatizing it, handing out road contracts to private entities under binding time frames with few extensions, placing professionals in the Power and environment ministries, ministers who do not impose extra constitutional taxes on businessmen and developing a non intrusive policy framework for Infrastructure development in this country.
Land:- Land is and always has been a controversial issue in India's politics.The government annexed land at rock-bottom rates from farmers and handed it over to industrialists and real-estate developers who have profiteered form it in a HUGE way. And then came pappu. He reversed the situation through the Land Acquisition Act and know any land acquisition has become uneconomical.
Land:- Land is and always has been a controversial issue in India's politics.The government annexed land at rock-bottom rates from farmers and handed it over to industrialists and real-estate developers who have profiteered form it in a HUGE way. And then came pappu. He reversed the situation through the Land Acquisition Act and know any land acquisition has become uneconomical.
As TN Ninan wrote in a recent column in the Business Standard “The land law stipulates that forcibly acquired land must be paid for at two to four times...market prices, in addition to other relief and rehabilitation costs. So the new law will make land acquisition next to impossible, or unaffordably expensive (which becomes the same thing) in most states.”
Ninan also points out that “land prices “ in significant parts of rural India “are higher than those in any rural area of the United States, and in almost all of Europe barring countries like Holland.”
The only solution to this mess is repealing the law in it's entirety . The playing field should be levelled. The concept of 'eminent domain' should be introduced and utilized effectively.
The other two issues- money and labour will be analysed in Part 2.
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