Saturday, July 10, 2010

Bharat Bandh - A FOOLS Parade


Bharat Bandh that was observed on 5th July 2010 was nothing but a Political drama and those who followed it indulged themselves in a Fool's Parade. The hike in fuel prices that resulted due to central government's move to end curbs on petroleum pricing in order to tame the huge fiscal deficit, is in fact a brave decision towards building a better future for India.

Bharat Bandh resulted in a total loss of over Rs. 13,000 crore in a single day. I don't know which social and political unity they are talking about. Even after this hike central government will still be burdening Rs. 53,000 crore and add another 13,000 to that figure which this stupid Bandh caused. If they really care (as they pretend) for the burden on poor, they should indulge themselves in a serious debate with the government rather than going for a bandh. This bandh was not observed for the poor, it was just a political stunt aimed at gaining publicity and votes.

BJP as a leading opposition party was already feeling shortage of issues that could be raised against. They found this issue and tried to cash it as much as possible and the sad part of story is that they succeeded in doing so.

We must realize one fact that this decision of government could result in its downfall in the next tenure, but still they are firm on their decision and are not rolling the hike back. It is a brave decision and we all should respect it, rather than being motivated in a senseless Bandh.

Now lets have a look on some facts that resulted in this hike.
  • Our Fiscal deficit soared to Rs. 3.5 lakh crore in the year 2010.
  • Our earnings stood at Rs. 4.34 lakh crore in January 2010.
  • And our expenditure stood at Rs. 7.83 lakh crore.
The rise in fuel prices will help reduce fiscal deficits. If we don't pay them now, deficit will soar up and we will have to pay them later and that will be quite difficult for us.

So paying a little today would ensure that we don't have to pay heavily later. I pledge to all of you to not participate in senseless Bandhs.

Comments are invited for a healthy discussion on this topic.

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