283
PRIME
MINISTER Mr. NARENDRA MODI:
SINKING
DOWN?
The
New Indian Express, on 10 September 2014, said that the four organizations
empowered to inspect the private companies carry out about 1,75,000 inspections
every year. The paper said that it leads to corruption.
Besides using information technology for
transparency, the government could deploy inspectors on a permanent basis. Then
they would be responsible for the illegalities, and not the companies.
Many private companies would prefer
this method provided an option is given to them.
It will create a congenial atmosphere
for the companies to grow without any court cases.
The Union Government, on 10 September
2014, cleared the sale of 10 per cent shares of the public sector Coal India Limited (CIL), Oil and Natural
Gas Commission (ONGC) and National
Hydroelectric Power Corporation (NHPC) to fetch Re. 43,000 crore.
There is over Re.6 lakh crore in the Provident Fund.
An equal amount is rotting in the Pension Fund.
The Public Sector Undertakings (PSUs) must have a huge amount of
surplus money.
The banks are replete with deposits.
The government discourages the Life Insurance Corporation of India (LIC)
from doing health insurance and others. Therefore, it finds it difficult to
digest its income.
The government is not ready to use any
of the above money.
But it wants to hand over this money
to private parties. They, in turn, use it to buy the PSUs.
When the government decided to sell
the public sector VSNL, the Bank of India
(BoI) gave Re. 850 crore to a private company as mentioned in Chapter 8. Later,
it bought the VSNL.
As there is no action for such
corrupt deeds, the government repeats the same.
If the purpose is to garner money
through disinvestments alone, the government could have reserved the shares among
the States to avoid the condition mentioned in Chapter 41. It is not ready for
it. It simply wants to take away the assets of the people all over India just
to give them to a few people at Mumbai or London. This is out and out
unconstitutional.
Apparently, the manipulators want
to usurp public assets as a reward for the money and publicity given to the
prime minister before the election.
“Pain or pleasure” a leader of a
nation should not lose his patriotism and sink down.
This is letter No. 283.
This letter is being submitted to
His Excellency the President of India, Prime Minister of India, Supreme Court
of India, Chief Vigilance Commissioner, Indian Army and the Indian Air Force,
and posted in the blog: www.howeverythinghappenedinindia.blogspot.com on 11 September 2014.
11-9-2014.
V. Sabarimuthu
26-3 Thattamkonam, Vellicode
Mulagumoodu PIN:629167
Email:sabarimuthu.vyakappan@gmail.com
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