IPA Newspack
  • Home
  • now
  • politics
  • business
  • markets

IPA /

IPA Special

IPA Special

National Resources Are Being Sold Cheap To The Industrialists By BJP Govt

By Krishna Jha

Under the grim shadows of crisis spreading all over, and the general masses being at the receiving end, brutal offensive of plunder and destruction engulfs all sections of the society except the top few. Apart from the petty, small and middle strata, there are those at the top serving their own interest and making it easier for the rightist forces to overpower the entire system. The burden of entire infrastructure and production is shouldered by the lowest strata, if they have a job and even then 16 to 18 hours of hard work leaves them more dead than alive.

The unemployed account for those going hungry and perishing at country’s 106th position among the starving 121 countries as a survey said. Formal job creation has declined to 7.5 percent that hits 20-month low, as Employees Provident Fund office has pointed out. Rural employment rate has fallen down to 7.7 percent. CMIE says that decline was mostly in rural parts, mainly among non-agricultural rural areas and it was the daily wage labourers segment that got hit as it shrunk to nearly fifteen million workers.

Step by step, efforts are made to destroy the democratic structure to make way for the right to come up. The economy in the country has entered a stage from where recovery is difficult. The decade since the global financial crisis, there have been structural changes in the banking system. The criticality has brought to light the fact of excessive lending, adopting adventurous moves without adequate capital and liquidity buffers. These steps have endangered the financial stability, its growth. The crisis has put an end to any possibility of strong growth of banking assets, instead it has brought in the downfall of capacity metrics that show unprecedented shrinkage in the sector.

Crisis has many faces. To salvage the system from risks, key sectors were nationalised including banks. Now the process has been reversed and several sectors stand privatised, leaving a few exceptions. On March 29, the government   began   the   process of selling  106 coal mines launching the seventh round of commercial auctions. The government is also going to sell 3.5 percent stake in Hindustan Aeronautics Ltd at a floor price of Rs 2,450 a share. The proceeds would add to the disinvestment benefits. The government now holds 75 percent of shares of HAL which is Central Public sector Enterprise (CPSE) under Defence ministry. The government had last month pegged lower revised estimates of disinvestment revenue which is at Rs 50,000 crore, against the budget target of Rs 65,000 crores. Meanwhile the government has so far mopped up Rs 31,106.64 crore from disinvestment and share buyback in CPSE.

It is obvious that the feast is at the cost of the resources earned by the vast masses. In return, they get instead joblessness, intensification of oppression. There is also ever widening rift dividing them, at caste basis, at community basis. In economic sphere too, the policy of divide and rule is adopted, with caste and community as basic features. Majority is cajoled up at the cost of minorities. The welfare measures have been demolished. Education, health, shelter and occupations are facing blows at every step. The very fact that workers and peasants are getting organised is against the interest of those who rule. They gain strength only with the silent, passive surrender of the masses captivated by unresolved crisis, one among many factors that leads to the rule of the right reactionary forces.

This is one indicator that shows that we have to be more organised, against the disruptive measures of ruling forces that also exhibit their own weakness. They are afraid of the emerging unity of all sections of the masses, hence the use of force to obstruct the functioning of parliamentary democracy, where questions are raised and explanation demanded for every injustice committed. They are afraid of the growing realisation among the masses that only through the unity of all oppressed sections, struggle can be launched to finally end the injustice that keeps shackling and crushing any attempt to dispense with the prevailing darkness. They are afraid of their own shortcomings that leave them weak, and no longer in a position to maintain their domination over the masses.

When rightist forces indulge in horrors to keep the toilers in constant fear and away from standing up and refusing to be ruled, they need the earth under their feet for ever to be barren. They do not want any opposition to grow. It is only blind obedience that they need. It is only with this negativity that every time they want to overpower the humanity, and then fail. What remains is only sharp vengeance against the entire people, toilers and the working class, and also the revolutionary section of the peasantry and intelligentsia.

This is the true character of rightist forces, leading capitalism to its ultimate, which is finance capital, pervading the entire economy. It may be pointed out here that in a number of countries, under cover of social demagogy, right has managed to gain the following of the masses dislocated by the crisis, and even of certain sections of the most backward strata of the proletariat. These would never have supported the rightist forces, if they had understood its real character and its true nature. (IPA Service)

 

IPA Special

Narendra Modi’s Real Political Capital Is On Test In Lok Sabha Polls

June 8, 2023
IPA Special

JD(S) Looking For Ways To Remain Relevant After Debacle In Karnataka Polls

June 8, 2023
IPA Special

Law Commission’s Backing Of Section 124A Of Sedition Law Is Disappointing

June 8, 2023
IPA Special

Commissioning Of K-FON Is The Real Kerala Story

June 8, 2023
IPA Special

Centre Has To Take Proper Lessons For Safety From Balasore Disaster

June 8, 2023
IPA Special

RSS Holds Modi’s Image And Hindutva Are Not Enough To Win Elections

June 8, 2023
IPA Special

Joining NATO Under US Pressure Would Be A Strategic Blunder For India

June 8, 2023
Politics

Chargesheet without arrest is ‘compromise’ in wrestlers case

June 8, 2023
Politics

Pawar says even small issues being given religious colour

June 8, 2023
Politics

Shekhawat blasts Gehlot for obsession with saving ‘kursi’

June 8, 2023
Politics

Akhilesh pledges SP support to Kejriwal on ordinance issue

June 8, 2023
Happening Now

Indian students face deportation risk for fake Canada admissions

June 8, 2023
IPA Special

BJP Is Not Having Smooth Sailing In Uttar Pradesh Before Lok Sabha Polls

June 7, 2023
IPA Special

Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July

June 7, 2023
IPA Special

Rahul Gandhi Has Finally Given A Jolt To Narendra Modi In Indian Diaspora

June 7, 2023
IPA Special

Akhilesh Yadav Launches Lok Jagran Rath Yatra For 2024 Lok Sabha Polls

June 7, 2023
IPA Special

CBI Investigation Into Balasore Train Disaster May Not Find The Real Reasons

June 7, 2023
IPA Special

October General Elections Ensure No Guarantee For Political Stability In Pakistan

June 7, 2023
IPA Special

Sporadic Violence Continues In Manipur, Despite Amit Shah’s Efforts

June 7, 2023
IPA Special

Modi Govt Is Has A New Tool For Authoritarian Control Of Internet

June 7, 2023

An appeal

The legacy of IPA, founded by Nikhil Chakravartty, the doyen of journalism in India, to keep the flag of independent media flying high, is facing the threat of extinction due to the effect of the Covid pandemic. Only an emergency funding can avert such an eventuality. We appeal to all those who believe in the freedom of expression to contribute to this noble cause.
Click here to learn more

Share

Reply

  • 0
More on IPA

Narendra Modi’s Real Political Capital Is On Test In Lok Sabha Polls

June 8, 2023 4:04 pm | IPA Staff

By Dr. Gyan Pathak Prime Minister Narendra Modi’s real political worth is now on test. The wave of Hindu communal polarization has been ebbing almost...

IPA Special

JD(S) Looking For Ways To Remain Relevant After Debacle In Karnataka Polls

June 8, 2023 4:03 pm | IPA Staff

By Sushil Kutty Whether or not the Janata Dal (S) joins the Opposition’s joint efforts to forge unity for the 2024 general elections does not...

IPA Special

Law Commission’s Backing Of Section 124A Of Sedition Law Is Disappointing

June 8, 2023 4:01 pm | IPA Staff

By Krishna Jha On June 1, there had been reports that the law panel backed the penal provision for the offence of sedition, saying repealing...

IPA Special

Commissioning Of K-FON Is The Real Kerala Story

June 8, 2023 3:14 pm | IPA Staff

By P. Sreekumaran THIRUVANANTHAPURAM: This is the real Kerala story. The reference is to the commissioning, on June 5, of the first phase of the...

IPA Special

Narendra Modi’s Real Political Capital Is On Test In Lok Sabha Polls

in IPA Special
Jun 8, 2023   ·  

JD(S) Looking For Ways To Remain Relevant After Debacle In Karnataka Polls

in IPA Special
Jun 8, 2023   ·  

Law Commission’s Backing Of Section 124A Of Sedition Law Is Disappointing

in IPA Special
Jun 8, 2023   ·  

Leave a Reply Cancel reply

You must be logged in to post a comment.

Follow us on
Up Next: Pakistani Christians Applaud CAA Legislation Of Narendra Modi Government
©2020 -2021 India Press Agency, All Rights Reserved.
Newspack by India Press Agency | Statement of Ownership | Contact Us
logo
  • Home
  • now
  • politics
  • business
  • markets