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	<title>CoachIndia.com &#187; nuclear deal</title>
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		<title>Is the UPA government dangerous for India?</title>
		<link>http://coachindia.com/2008/09/14/is-the-upa-government-dangerous-for-india/</link>
		<comments>http://coachindia.com/2008/09/14/is-the-upa-government-dangerous-for-india/#comments</comments>
		<pubDate>Sun, 14 Sep 2008 17:52:25 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[elections]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[nuclear deal]]></category>
		<category><![CDATA[upa]]></category>

		<guid isPermaLink="false">http://coachindia.com/?p=7</guid>
		<description><![CDATA[The UPA led by Congress party came to power after an impressive election campaign targeting the –aam admi (common man). It was expected that the country would get an efficient government headed by the highly respected economist Dr. Manmohan Singh. Though government was supported by the communist parties, it managed to complete the first three [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">The UPA led by Congress party came to power after an impressive election campaign targeting the –aam admi (common man). It was expected that the country would get an efficient government headed by the highly respected economist Dr. Manmohan Singh. Though government was supported by the communist parties, it managed to complete the first three years in office with average performance. But now in its last year in office it seems that the government is in disarray and the top leadership seems rudderless. </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">As a result of UPA government’s mishandling of several sensitive issues, </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;"> is today facing numerous challenges like:</span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;"> </span></strong></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Democracy maligned</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">After the cash for vote scam, there is little credibility left for our elected leaders. Our main triumph, as being the world’s largest democracy sounds a little hollow today. Now, it is not democracy but plutocracy (wealthy <em><span style="font-family: Arial;">rule</span></em> over the poor) that has been imposed on </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;">.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Threat to Territorial integrity</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Kashmir</span><span style="font-size: 10pt; font-family: Arial;"> seems to be in a hopeless situation. For the first time we are watching live on TV, discussions &amp; debates whether we should give up a part of the country. There are live images of Indian flags being burned; leading columnists are asking questions which would have been considered as anti national anywhere else. </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Rising Regionalism</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Is it a crime to talk in national language? </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;">’s most respected film artist had to apologise on his wife’s behalf for daring to speak in Hindi. And a local unelected regional leader openly challenges the police commissioner to come on street, without wearing uniform. The state government does not even have guts to file a case, while his goons go on a rampage across </span><span style="font-size: 10pt; font-family: Arial;">Maharashtra</span><span style="font-size: 10pt; font-family: Arial;">.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Unabated Inflation</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">The prices of almost all essential commodities have doubled over the past three years. Economists may argue that it is a global phenomenon, but low wages and poverty is not a global phenomenon. There is no concept of social security in </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;">, unlike other countries where inflation effect is absorbed by government.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Pseudo secularism at its worst</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">In the name placating minorities the government has crossed all limits. In Andhra, Christians will be subsidized for a visit to </span><span style="font-size: 10pt; font-family: Arial;">Vatican</span><span style="font-size: 10pt; font-family: Arial;">. </span><span style="font-size: 10pt; font-family: Arial;">Delhi</span><span style="font-size: 10pt; font-family: Arial;"> has reservation and education subsidies for Sikhs, Parsis &amp; Jains but not for poor Hindus. Although it is common knowledge that they are high above in the per capita level and don’t need subsidies.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><strong><span style="font-size: 10pt; font-family: Arial;">Terrorism Threat</span></strong></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Serial bomb blasts seems to have become a monthly feature in Indian calendar. The response by our home minister is always the same, that we must be patient and not take revenge. But there is absolutely no will power to counter terror. Almost all educated people want strict terror laws except our home minister who is mysteriously reluctant. To make matters worse, some cabinet ministers are openly supporting terrorist organizations.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">The UPA government has postponed the winter session. The entire focus of the present government seems to be in somehow operatinalizing the Indo – </span><span style="font-size: 10pt; font-family: Arial;">US</span><span style="font-size: 10pt; font-family: Arial;"> nuclear deal. There is a view that the government is in a hurry to sign some large contracts related to defence and nuclear supplies and is not bothered about the nitty gritty of running the country. </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">As humble citizens of </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;">, we would request the election commission to chair an emergency meeting and discuss about the modalities of holding an early general election. Hope they act before it is too late!</span></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Nuclear Deal or Enron 2</title>
		<link>http://coachindia.com/2008/09/07/nuclear-deal-or-enron-2/</link>
		<comments>http://coachindia.com/2008/09/07/nuclear-deal-or-enron-2/#comments</comments>
		<pubDate>Sun, 07 Sep 2008 11:50:24 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[india]]></category>
		<category><![CDATA[nuclear deal]]></category>
		<category><![CDATA[usa]]></category>
		<category><![CDATA[vienna]]></category>

		<guid isPermaLink="false">http://coachindia.com/?p=6</guid>
		<description><![CDATA[Today nuclear deal is being hailed as the panacea for all our power shortage problems.
If we go a few decades back, Enron was considered as a landmark in foreign direct investment and solution to all our power crises. 
 
In a joint venture with U.S. companies General Electric and Bechtel, Enron was to build the [...]]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Today nuclear deal is being hailed as the panacea for all our power shortage problems.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">If we go a few decades back, Enron was considered as a landmark in foreign direct investment and solution to all our power crises. </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">In a joint venture with </span><span style="font-size: 10pt; font-family: Arial;">U.S.</span><span style="font-size: 10pt; font-family: Arial;"> companies General Electric and Bechtel, Enron was to build the power plant. The project was not open to competitive bids and that the deal was too costly. World Bank analysis questioned the project&#8217;s economic viability, citing the high cost of importing and using liquefied natural gas relative to other domestic sources of fuels. Even the power purchase agreement was kept top secret. The project was a colossal failure riddled with allegation of corruption and Enron&#8217;s highhanded behaviour. Subsequently for the first time ever, the Indian government agreed to underwrite the liabilities of a private company.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Ironically the players are the same. In </span><span style="font-size: 10pt; font-family: Arial;">India</span><span style="font-size: 10pt; font-family: Arial;">, congress government in centre is negotiating with the </span><span style="font-size: 10pt; font-family: Arial;">US</span><span style="font-size: 10pt; font-family: Arial;"> lobby. G.E &amp; Bechtel were the partners with Enron. They are also major nuclear reactor suppliers. Fuel and equipment is imported and power is too expensive.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">There are too many similarities to ignore. The end result would be the same. Junk equipment worth billions of dollars will be bought at taxpayer’s expense. It will be made tax exempt. Fuel will be imported. People will get power at unaffordable rates and state government will end up subsidizing it.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">All in the name of national interest and attainment of power self sufficiency, we are again falling in the trap.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">There are so many alternatives to solving the long term power crises. First privatize the power distribution companies. </span><span style="font-size: 10pt; font-family: Arial;">Delhi</span><span style="font-size: 10pt; font-family: Arial;"> government has shown tha way. Losses are down by over 50%.Build a network of hydel plants across the Himalayan states. Setup a power trading company to buy surplus power and sell it to the power deficient states.</span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;"> </span></p>
<p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial;">Why don’t we learn from history?</span></p>
]]></content:encoded>
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