Manmohan Singh

Manmohan Singh has been on important post since 1971. He has worked in RBI and served Ministry of Finance as Chief Secretary for several years. When the country was almost bankrupt in nineties, he became finance minister in 1991. And as per the dictates of IMF and World Bank, India had to introduce reformation measures willingly or unwillingly to get economical support from developed countries. Under compulsion India had to dilute its socialistic policy and accept capitalism based policies under the pressure of USA. When financial health of the country improved from the pitiable position of bankruptcy, the then finance minister Mr. Manmohan Singh became Doctor of economics. But inspite of lapse of two decades there is no change in standard of living of Indians. Only elite groups of big trade house have multiplied their net worth more than 100 times. Poor have become poorer and rich have become richer. I think Mamohan Singh himself may be astonished that he is considered as Architect and Doctor of Indian economy.

It is therefore necessary to analyze and ascertain the actual gain India has achieved due to reformation steps taken since 1991. Whether social inclusion is simply a slogan to enlarge vote bank or there is considerable gain to common men. It is need of the hour to expose the true person in Man Mohan Singh. Real position of economy will be understood by people of India only when some other party comes to power.

As long as Mr. Lalu Yadav was the Railway Minister, none doubted his claim that railways had a surplus of Rs.90000/ crores. But now when Ms Mamta Banerjee has become Railway Minister, she has openly told in the Parliament that surplus in railway is hardly 8000 crore rupees.

Is it not shameful and mockery of budget exercise and cast direct aspersion on the integrity of financial experts and CA certification. Lalu was considered as Management Guru only by dint of his showing unparallel surplus in railways. After all, the Lalu was working under the same Manmohan Singh government headed by the same Congress Party under the banner of same UPA.

Satyam Computers is not alone or an isolated example of mockery of balance sheet or CA certification, most of the government departments, PSUs, Public sector banks, and even private sector giants are playing with figures, indulged in window dressing to project rosy picture.

Unfortunately Mr. Manmohan Singh the architect of economy, the doctor of reformation and the ideal of honest administrator prefers remaining silent spectator of all these misdeeds and malpractices. Latest example of collapse of Metro, not once, not twice but thrice in last six months clearly depicts the hollowness and corruption ridden administration.

Is this not an attack on pride of Indian engineers, administrators, politicians and economist?

World will now ridicule the quality of Indians engineers and Indian contractors. After all Metro project was considered to be the pride of India.