VSK TN
New Delhi : Swadeshi Jagran Manch organised a pre-budget discussion
meeting at Deendayal Research Institute on 7th July 2014. Renowned economist
Dr. Bharat Jhunjhunwala, Prof. Bhagwati Prakash Sharma, Vice-Chancellor,
Pacific University Udaipur, Renowned Journalist Dr. R. Balashankar and Prof.
Shivaji Sarkar were the panelist in this discussion. Though the discussion was
organised on the subject of forthcoming General Budget 2014-15, panelist apart
from discussing the expectations and realities of the budget, discussed at
length about the economic mis-management and anti people economic policies of
the previous regime. Initiating the discussion, Dr. Ashwani Mahajan expressed
concern over slowing growth, deepening poverty and unemployment, rising
current account deficit in balance of payment and declining manufacturing
output. He told that the previous
Finance Minister fudged the budget figures by hiding various expenditures and
overstating revenue receipts and thereby showing lower figure for fiscal
deficit.
meeting at Deendayal Research Institute on 7th July 2014. Renowned economist
Dr. Bharat Jhunjhunwala, Prof. Bhagwati Prakash Sharma, Vice-Chancellor,
Pacific University Udaipur, Renowned Journalist Dr. R. Balashankar and Prof.
Shivaji Sarkar were the panelist in this discussion. Though the discussion was
organised on the subject of forthcoming General Budget 2014-15, panelist apart
from discussing the expectations and realities of the budget, discussed at
length about the economic mis-management and anti people economic policies of
the previous regime. Initiating the discussion, Dr. Ashwani Mahajan expressed
concern over slowing growth, deepening poverty and unemployment, rising
current account deficit in balance of payment and declining manufacturing
output. He told that the previous
Finance Minister fudged the budget figures by hiding various expenditures and
overstating revenue receipts and thereby showing lower figure for fiscal
deficit.
Dr. Bhagwati Prakash Sharma, vice chancellor, said that 47 percent of
P. Chidambaram’s projected figure of fiscal deficit has already been exhausted
in first two months of the current fiscal year. At the end of the year this
deficit may go up to much higher level, worsening the inflation further. He
stressed at rationalizing the government expenditure. He cautioned the
government on the methodology for disinvestment, which the government has been
contemplating to raise funds. Citing global examples, he said that retail sale
of equity of public sector undertakings including the loss making enterprise
would be the best policy of disinvestment.
P. Chidambaram’s projected figure of fiscal deficit has already been exhausted
in first two months of the current fiscal year. At the end of the year this
deficit may go up to much higher level, worsening the inflation further. He
stressed at rationalizing the government expenditure. He cautioned the
government on the methodology for disinvestment, which the government has been
contemplating to raise funds. Citing global examples, he said that retail sale
of equity of public sector undertakings including the loss making enterprise
would be the best policy of disinvestment.
Dr. Bharat Jhunjhunwala speaking on the issue of inflation said that
though inflation is a matter of concern, however if from rising prices of food
products, farmers get better value for their produce, then there should not be
any objection. We should rather try to control inflation in manufactured products,
may it be toiletries, medicines or any other household goods. He opined that if
farmer gets remunerative price for his products his condition would improve. He
also stressed that resource rich middle class should be made to sacrifice in
the interest of poor masses of rural and urban India.
though inflation is a matter of concern, however if from rising prices of food
products, farmers get better value for their produce, then there should not be
any objection. We should rather try to control inflation in manufactured products,
may it be toiletries, medicines or any other household goods. He opined that if
farmer gets remunerative price for his products his condition would improve. He
also stressed that resource rich middle class should be made to sacrifice in
the interest of poor masses of rural and urban India.
Dr. R. Balashankar while commenting on the conspiracy and game plan of
international financial institutions including world bank, blamed these
institutions for actually weakening India by imposing anti people
conditionalities. Last two decades have witnessed the worst role of these
international institutions. In the name of globalisaton, Indian resources have
been looted by the MNCs. He said that government should come out of the mindset
of FDI and try to embark upon the development model based on domestic resources
and Indian genius.
international financial institutions including world bank, blamed these
institutions for actually weakening India by imposing anti people
conditionalities. Last two decades have witnessed the worst role of these
international institutions. In the name of globalisaton, Indian resources have
been looted by the MNCs. He said that government should come out of the mindset
of FDI and try to embark upon the development model based on domestic resources
and Indian genius.
Prof. Shivaji Sarkar criticized the project of bullet train, as
stipulated by the government. He opined that it would be better if the
government provides better train services to the commoners, instead of
embarking on capital intensive projects like this. Instead of providing luxury
of bullet train, we need to provide essential services like health, education
and others to the common man.
stipulated by the government. He opined that it would be better if the
government provides better train services to the commoners, instead of
embarking on capital intensive projects like this. Instead of providing luxury
of bullet train, we need to provide essential services like health, education
and others to the common man.
Regional co-convener of Swadeshi Jagran Manch Sh. Deepak Sharma
‘Pradeep’ said that along with change in the government’s economic policies, it
is imperative to change the system. Convener of the program CA Vinod Goyal
presented the vote of thanks. Discussion meeting was anchored by advocate Rajiv
Kumar. Research Scholar of Delhi School of Economics Sh. Rajiv presented a
power point presentation. The discussion meeting was attended by nearly 500
participants, including Seh Prant Sanghchalak RSS Delhi Dr. Shyam Sunder
Agarwal, Ex Prant Sanghchalak RSS Delhi Sh. Ramesh Prakash, Mayor of East MCD
Mrs Meenakshi, Standing Committee Chairperson of East MCD Mrs Usha Shastri, Lok
Sabha MP from Meerut Sh. Rajendra Agarwal, All India Co-convener of Swadeshi
Jagran Manch Sh. Saroj Mitra, Organiser SJM Delhi and Haryana Sh. Kamaljeet,
Sh. Ajay Kumar and number of chartered accountants, professors, industrialists
and social activists.
‘Pradeep’ said that along with change in the government’s economic policies, it
is imperative to change the system. Convener of the program CA Vinod Goyal
presented the vote of thanks. Discussion meeting was anchored by advocate Rajiv
Kumar. Research Scholar of Delhi School of Economics Sh. Rajiv presented a
power point presentation. The discussion meeting was attended by nearly 500
participants, including Seh Prant Sanghchalak RSS Delhi Dr. Shyam Sunder
Agarwal, Ex Prant Sanghchalak RSS Delhi Sh. Ramesh Prakash, Mayor of East MCD
Mrs Meenakshi, Standing Committee Chairperson of East MCD Mrs Usha Shastri, Lok
Sabha MP from Meerut Sh. Rajendra Agarwal, All India Co-convener of Swadeshi
Jagran Manch Sh. Saroj Mitra, Organiser SJM Delhi and Haryana Sh. Kamaljeet,
Sh. Ajay Kumar and number of chartered accountants, professors, industrialists
and social activists.