Doubling MSP of Wheat & Rice, Minimum Wages Not
Even 1% of GDP PPP
When GDP of India had more
than tripled in nine years since UPA came to power but net income of Farmers
and Labor is Stagnating all this time.
All Wheat and Rice Farmers/Labor - $22b,
– Tata - $100b – Ambani - $50b
MSP price increase for Wheat
and Rice was just Rs.6000 per tone
all these nine years for Wheat and Rice output is 200 million tones or 20 crore
tones – this means increase in value by just Rs.1,20,000 crores or $22b only in nine years.
ESSAR-HUTCH
- Vodafone Valuation was $20b in
just 5-6 years operations in India.
Even if GOI Doubles MSP of
Wheat and Rice to Rs.25,000 per tone and Minimum Wages of Labor to Rs.200 per
day – shall mean Income of 700m Wheat and Rice Farmers and Labor shall go up by
Rs.240,000 crores (12,000x20) and
Non Farm Labor around Rs.60,000 crores (Rs.6,000
x 10 cr.). This adds to Rs.3,00,000
crores.
This is just around 1% of India
GDP in PPP, 70% of this too shall Go To Buy Industrial Products and Services
and Taxes to GOI.
Tax Collections Shall Be
Much More Than Procurement Cost of Wheat and Rice.
UPA-II is facing problems all around India because it
had failed to ensure even $200 per capita income to our Farmers and Labor when
10 year old World Bank yardstick of poverty line is $2 per day ($730/yr) –
which ought to be $3 if not $4 per day.
GOI therefore should target $1000 per Capita Income for Bottom of
The Pyramid.
GOI should come up with
Policies to Promote Rural Income Generation through Food Storage With Farmers,
Farmers Owned Agro Industries, MSMEs, Farmers Markets, 40% of Bank Credit to
Rural Economy etc.
[Large Industry Get Foreign
Indian Equity, Foreign NRI Credits and can raise money through IPO but not
Farmers, MSMEs]
Ravinder Singh
Progressindia008@yahoo.com
January21, 2013
Price Rise Weakness in Govt Record - PM
There are indications
investment will pick up soon, says finance minister Chidambaram
OUR POLITICAL BUREAU JAIPUR
Prime Minister Manmohan Singh has said price rise has
been ‘one weakness’ in his government’s record and added concrete steps would
be taken in the next financial year to bring down prices.
Speaking at the day-long All India Congress Committee meeting at Jaipur, where
Congress pledged to “create a business environment conducive to investment and
entrepreneurship”, Singh said: “There has been one weakness in our record —
price rise. During UPA government’s time, inflation rate has been more than we
have wanted. One of the main reasons for this has been the increase in prices
of petroleum products in the international market over the last eight years…
We need to take concrete
steps to bring down inflation, especially in the financial year 2013-14.”
Singh made a strong case for
his fiscal management during the over eight-year UPA rule. Giving out
comparative statistics of GDP, agriculture growth rate and increase in
agricultural workers income during NDA and Congress-led UPA regimes, he said
his government had consistently worked towards inclusive growth. He, however,
expressed concern over the impression of governance deficit. “Here the question
arises why aren’t the people recognising our achievements? The reason is that
we ourselves have not propagated our achievements. Probably our communication
strategies are not very effective. We need to take this message to the people
that we have taken steps to eradicate poverty and illiteracy from the country,”
he said.
Finance minister P Chidambaram also spoke about economic revival at the AICC
meeting. In his very brief address at Jaipur, Chidambaram said, “we can see the
first green shoots of revival. There are indications that inflation will be
moderate in coming months. There are indications that investment will pick up
soon…
We are confident we will be
able to get over this difficult period and achieve our desired growth target of
8%. In the next year growth would be 6-7% and we will achieve our true
potential of 8% by the year after that.”
Preaching the mantra of saving, finance minister said, “If each cop walked an
extra mile a day, women will feel safer. If each teacher were to take under his
care an extra student from underprivileged sections of society that child would
blossom. If each one of us saved a litre of petrol a week, we can save crores
of rupees on subsidy bill. If each family bought one sovereign less of gold at
weddings, we wouldn’t have to spend $51 billion on import of gold every year…
If the rich of India will
share a little of their wealth with their less fortunate countrymen we can roll
out many many more welfare programmes.” His Cabinet colleague, defence minister
AK Antony, too
spoke about economic parity. “I have a complaint against the richest in the
country… The richest are reluctant to share the burden of the poor.”
Congress took the opportunity to work towards economic growth and inclusive governance.
How worried Congress is about inflation can be seen in its Jaipur Declaration,
the document which sets the priorities for Congress for the general elections
in 2014. The party has pledged to ‘fight inflation’ in the document. “The
Indian National Congress pledges to continue untiringly its fight against
inflation, which affects the everyday life of the aam aadmi. The path we have
chosen — increasing production of goods and services, improving productivity,
containing wasteful expenditure, and fiscal prudence — will in the medium term,
moderate inflation and bring relief to the common man,” the document said.
“The party believes that government must take initiatives that will create more
incomes for farmers and create new opportunities for employment. One such
initiative was the decision to allow FDI, besides domestic investment, in the
retail sector. The party also believes that khadi, micro, small and medium
enterprises should be given possible encouragement to generate more jobs. The
revival and growth of handloom industry should receive the highest priority,”
the declaration said.
Making a Case for strong economy and government
on UPA’s Achievements
Here the question arises why aren’t the people recognising our achievements?
The reason is that we ourselves have not propagated our achievements.... We
need to take this message to the people that we have taken steps to eradicate
poverty and illiteracy from the country - MANMOHAN SINGH Prime Minister
on Mantra of Saving
If each cop walked an extra
mile a day, women will feel safer...
If each one of us saved a
litre of petrol a week, we can save crores of rupees on subsidy bill.
If each family bought one
sovereign less of gold at weddings, we wouldn’t have to spend $51 b on import
of gold every year…
If the rich...
will share a little of their
wealth with their less fortunate countrymen we can roll out many many more
welfare programmes - P CHIDAMBARAM Finance Minister
Even 1% of GDP PPP
When GDP of India had more
than tripled in nine years since UPA came to power but net income of Farmers
and Labor is Stagnating all this time.
All Wheat and Rice Farmers/Labor - $22b,
– Tata - $100b – Ambani - $50b
MSP price increase for Wheat
and Rice was just Rs.6000 per tone
all these nine years for Wheat and Rice output is 200 million tones or 20 crore
tones – this means increase in value by just Rs.1,20,000 crores or $22b only in nine years.
ESSAR-HUTCH
- Vodafone Valuation was $20b in
just 5-6 years operations in India.
Even if GOI Doubles MSP of
Wheat and Rice to Rs.25,000 per tone and Minimum Wages of Labor to Rs.200 per
day – shall mean Income of 700m Wheat and Rice Farmers and Labor shall go up by
Rs.240,000 crores (12,000x20) and
Non Farm Labor around Rs.60,000 crores (Rs.6,000
x 10 cr.). This adds to Rs.3,00,000
crores.
This is just around 1% of India
GDP in PPP, 70% of this too shall Go To Buy Industrial Products and Services
and Taxes to GOI.
Tax Collections Shall Be
Much More Than Procurement Cost of Wheat and Rice.
UPA-II is facing problems all around India because it
had failed to ensure even $200 per capita income to our Farmers and Labor when
10 year old World Bank yardstick of poverty line is $2 per day ($730/yr) –
which ought to be $3 if not $4 per day.
GOI therefore should target $1000 per Capita Income for Bottom of
The Pyramid.
GOI should come up with
Policies to Promote Rural Income Generation through Food Storage With Farmers,
Farmers Owned Agro Industries, MSMEs, Farmers Markets, 40% of Bank Credit to
Rural Economy etc.
[Large Industry Get Foreign
Indian Equity, Foreign NRI Credits and can raise money through IPO but not
Farmers, MSMEs]
Ravinder Singh
Progressindia008@yahoo.com
January21, 2013
Price Rise Weakness in Govt Record - PM
There are indications
investment will pick up soon, says finance minister Chidambaram
OUR POLITICAL BUREAU JAIPUR
Prime Minister Manmohan Singh has said price rise has
been ‘one weakness’ in his government’s record and added concrete steps would
be taken in the next financial year to bring down prices.
Speaking at the day-long All India Congress Committee meeting at Jaipur, where
Congress pledged to “create a business environment conducive to investment and
entrepreneurship”, Singh said: “There has been one weakness in our record —
price rise. During UPA government’s time, inflation rate has been more than we
have wanted. One of the main reasons for this has been the increase in prices
of petroleum products in the international market over the last eight years…
We need to take concrete
steps to bring down inflation, especially in the financial year 2013-14.”
Singh made a strong case for
his fiscal management during the over eight-year UPA rule. Giving out
comparative statistics of GDP, agriculture growth rate and increase in
agricultural workers income during NDA and Congress-led UPA regimes, he said
his government had consistently worked towards inclusive growth. He, however,
expressed concern over the impression of governance deficit. “Here the question
arises why aren’t the people recognising our achievements? The reason is that
we ourselves have not propagated our achievements. Probably our communication
strategies are not very effective. We need to take this message to the people
that we have taken steps to eradicate poverty and illiteracy from the country,”
he said.
Finance minister P Chidambaram also spoke about economic revival at the AICC
meeting. In his very brief address at Jaipur, Chidambaram said, “we can see the
first green shoots of revival. There are indications that inflation will be
moderate in coming months. There are indications that investment will pick up
soon…
We are confident we will be
able to get over this difficult period and achieve our desired growth target of
8%. In the next year growth would be 6-7% and we will achieve our true
potential of 8% by the year after that.”
Preaching the mantra of saving, finance minister said, “If each cop walked an
extra mile a day, women will feel safer. If each teacher were to take under his
care an extra student from underprivileged sections of society that child would
blossom. If each one of us saved a litre of petrol a week, we can save crores
of rupees on subsidy bill. If each family bought one sovereign less of gold at
weddings, we wouldn’t have to spend $51 billion on import of gold every year…
If the rich of India will
share a little of their wealth with their less fortunate countrymen we can roll
out many many more welfare programmes.” His Cabinet colleague, defence minister
AK Antony, too
spoke about economic parity. “I have a complaint against the richest in the
country… The richest are reluctant to share the burden of the poor.”
Congress took the opportunity to work towards economic growth and inclusive governance.
How worried Congress is about inflation can be seen in its Jaipur Declaration,
the document which sets the priorities for Congress for the general elections
in 2014. The party has pledged to ‘fight inflation’ in the document. “The
Indian National Congress pledges to continue untiringly its fight against
inflation, which affects the everyday life of the aam aadmi. The path we have
chosen — increasing production of goods and services, improving productivity,
containing wasteful expenditure, and fiscal prudence — will in the medium term,
moderate inflation and bring relief to the common man,” the document said.
“The party believes that government must take initiatives that will create more
incomes for farmers and create new opportunities for employment. One such
initiative was the decision to allow FDI, besides domestic investment, in the
retail sector. The party also believes that khadi, micro, small and medium
enterprises should be given possible encouragement to generate more jobs. The
revival and growth of handloom industry should receive the highest priority,”
the declaration said.
Making a Case for strong economy and government
on UPA’s Achievements
Here the question arises why aren’t the people recognising our achievements?
The reason is that we ourselves have not propagated our achievements.... We
need to take this message to the people that we have taken steps to eradicate
poverty and illiteracy from the country - MANMOHAN SINGH Prime Minister
on Mantra of Saving
If each cop walked an extra
mile a day, women will feel safer...
If each one of us saved a
litre of petrol a week, we can save crores of rupees on subsidy bill.
If each family bought one
sovereign less of gold at weddings, we wouldn’t have to spend $51 b on import
of gold every year…
If the rich...
will share a little of their
wealth with their less fortunate countrymen we can roll out many many more
welfare programmes - P CHIDAMBARAM Finance Minister
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