Editorial
INDIA SHALL BE BUILT BY INDIANSThe National Democratic Alliance led by BJP
along with its manifesto for the coming election has listed their achievements during 13 +
4 months rule. The achievements proudly proclaim:
- Projects for electricity generation, transmission and distribution,
construction and maintenance of roads, highways, vehicular tunnels and vehicular bridges,
ports and harbours have been permitted foreign equity participation up to 100% under
automatic route.
- De-licensing 940 items by moving them from restricted list to OGL.
- Opening of Insurance and Pension Funds to private companies with
foreign equity participation.
- Policy decision to reduce Government shareholding in non-strategic
public sector units to 26%.
- Proposal initiated to de-license petroleum products along with coal
and lignite.
- Finalisation of Power Project Agreement with Pakistan.
- The Standing Committee on Energy in its report to the Parliament in
April '99 had noted "The Committee are surprised to note the action of the Government
in continuously reducing the Import Duty not only on the coking coal but also on
non-coking coal. The Committee deplored the action of the Government that along with the
domestic coal are saddled with burgeoning stocks, yet the Government had given
preferential treatment to import coal by giving such concession."
- By the end of Ninth Plan, 70% of India's crude oil have to be
imported. Indigenous Steel industry has already become a victim because of dumping.
- The Caretaker Government has recently announced waiver of Import Duty
on import of power plant machinery for seven private mega power projects notwithstanding
the presence of Bharat Heavy Electricals Ltd., a giant public sector power plant equipment
manufacturer.
So on and so forth
..
In spite of all these, the same alliance goes before
the people with their commitment to the slogan "India shall be built by
Indians." A novel Swadeshi way of building India by Indians!
30th August, 1999. |