Modi government is nearing a cusp - a new phase, where it will emerge as another face of Congress. It's current position on different policy issues is a grim reminder of the Congress legacy that ruined our country for decades. At this rate, the ruling party risks losing its core character.
BJP's unfriendly economic policies, copied from Congress era, have brought unimaginable misery to common citizens. Although right-wing parties are supposed to be champions of 'Free-markets' , BJP adopted the model of 'Gandhian Socialism' since it's inception.
The current economic policies seem to be inspired by this model, which glorifies the virtues of a socialist state. However, it brings unimaginable suffering to the citizens of the country. Whether demonetization or GST, the government explored options that expanded harassment of general public and businesses. In the modern era, GST emerged as a prominent driver of tax terrorism and caused irreparable damage to existing business sentiment. A complex and faulty implementation of GST has created more obstacles instead of easing the pain.
It was initially marketed as 'One Nation, One Tax', however, the bureaucrats managed to create a bigger cobweb of tax measures. The unfathomable complexity of GST caused severe strain to the Cerebrum of businessmen, CAs and government officials.
Current economic policies are reactionary and lack vision to address emerging challenges. Moreover, consistent fluctuation in decision-making by MoF has only made matters worse. Since the last two years, the government is grappling with excess supply issues yet it somehow manages to offer SOPs/ incentives to industry, which will further augment supply. On demand side, signs of depression were visible much earlier yet nothing was done to spur consumption.
Sudden emergence of Covid-19 disrupted the normal way of living and further deteriorated the ailing economy. Lack of planning prior to announcement of lockdown added to the existing mess. A near complete halt of economic activities alongwith rising Covid-19 cases has created holes in BJP's governance and economic model.
Despite the mess, the party continues to be aloof regarding ground problems and refuses to seek help of talented leaders from within. It has failed to utilize the capabilities of intellectuals like Dr Swamy for the benefit of the nation. Dr Swamy's brilliant ideas on economy can change the course of the country. He co-authored index number theory along with Paul Samuelson, who also happened to be his Guru at Harvard.
BJP's reluctance will add to existing woes of the party and could adversely impact it's image in public domain. Dr Swamy's out-of-box idea on 'Abolition of Income tax' can be a game changer if implemented properly. Similarly, Dr Swamy has innovative solutions to revive industrial and agricultural sectors.
Time has come for BJP leadership to set aside its arrogance, accept mistakes and seek Dr Swamy's guidance on national & economic matters. Any delay in this regard is against the NATIONAL INTERESTS of the country.
Comments
Post a Comment