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Why Modi-Shah-Sitharaman opposing Swamy to hinder the Greatest Hindu Empowerment in World Economy?

Hindus can be most powerful economic power within 2050.

Hindusthan (India) can overtake China in 4 years, if we can correct economic mistakes: Dr Subramanian Swamy.

Economist and BJP MP Dr Subramanian Swamy addressing the valedictory meet of the TiEcon Kerala entrepreneurship meet at Le Meridian Convention Centre in Kochi on Saturday.

Upendra Bharti | HENB | Kochi | Oct 6, 2019: It’s a great hope that Hindusthan (India) can be economically more powerful than China in few years with other related social fields. The Chinese model of economic growth has become obsolete and if India can get its act together in the next six months, we can overtake China in only three to four years, said economist and BJP Rajya Sabha MP Dr Subramanian Swamy.

“India has an opportunity to become a developed country and challenge the US economy by 2050, but we have to improve our infrastructure facilities and multiple complex tax system. As we have demand problems, we should empower people to have a greater purchasing power. The recent decision of the Union Government to give concessions to the corporate sector is wrong. Instead, we should abolish personal income tax, which has become a nightmare for most people,” he said while addressing young entrepreneurs at the valedictory meet of TiEcon Kerala entrepreneurship meet at Le Meridian Convention Centre here in Kochi (Kerala) on Saturday.

Dr Swamy’s hint clearly indicates that Hindus can be most powerful economic power within 2050 and Chinese economy will be less powerful in short time than Bharat or Hindusthan, i.e. India, if Swamy’s formulas are well maintained.

The government has set a target of growing the country into a $5-trillion economy by 2024. To achieve the target, we have to grow at the rate of 14.4 per cent per year. But our growth rate is barely 6 per cent now. No Prime Minister after Narasimha Rao has brought radical changes in the economy. The BJP government has focused on microeconomic projects like rural electrification and toilets. If we want to address our problems like unemployment and lifting the majority of the population from below the poverty line, we need macroeconomic projects, said Dr Swamy.

According to him, India has the potential to grow at 10 per cent for the next 10 years to become a developed country. “Unless we recognise it is a macroeconomic system and facilitate interactions and interlinks between the industry and various systems of the economy, we will continue the mistakes we have been committing,” said Swamy.

India should raise resources through auctioning of spectrum and coal blocks. There are many sectors where we are not pricing our products according to the market. India’s agricultural pricing is much lower than Japan and the US. We should ensure that the rate of interest on fixed deposit is raised to 9 per cent. Interest on loans should not be more than 9 per cent. If we do this, funds will start flowing and the economy will revive, he said.

Criticising the policies of RBI former governor Reghuram Rajan, Subramanian Swamy said Rajan kept on raising the interest rates on the plea that inflation was pushing hard, we have to control money supply. But the rising interest rate led to the collapse of the small and medium industries.

At the sideline of the programme, expressing his indirect dissatisfaction to present  Union Finance Minister Nirmala Sitharaman, Dr Swamy indicated that the present FM would be the same one as the former FM Late Arun Jaitley, who practically ruined the Indian economy from the estimated target. Dr Swamy always criticized  Arun Jaitley as a harmful element for Indian Economy upfortunately supported by PM Modi.

Dr. Swamy, an Harvard PhD, acted as a professor there,  a renowned economist and expert of China affairs, recently prescribed his 5 point panacea to revive Indian economy in his recent book, RESET: Regaining India’s Economic Legacy.

Swamy have been emphasizing these five point plan viz. 1. Abolish personal income tax 2. Reduce prime lending rate to 9% 3. Raise bank term deposit rate to 9% 4. Make corporate R&D & employees children education expenditure tax deductible 5. Print notes liberally for infrastructure construction, so the Indian economy can  grow at 10 per cent per year for achieving holistic self-reliance including full employment and produce nuclear weaponry.

If this can make Hindusthan and its majority people, obviously Hindus, the strongest economic class in the world, it is not understandable why Modi-Shah-Sitharaman trio and some Swadeshi Jagran Manch proponent like S Gurumurthy are opposing Dr Subramanian Swamy’s plan in a die hard situation.

The eminent Hindutva interlocutor and Hindu Existence Website Editor, Upananda Brahmachari opined that some Congressi bureaucrats in E Block (ND) and RBI do not want to good revival of Indian economy in BJP regime.

“The bureaucrats in Central Secretariat are still influenced  by Congressi culture and vice. The strong US and Chinese lobby in India are acting to harm Indian economy in many ways. The Gujarati lobby in Business is not ready to welcome Swamy’s plan to reset for regaining India’s economic legacy to be in the top of the world, as Gujaratis may slip some stairs down. It is unfortunate that Modi-Shah-Sitharaman are opposing Swamy to hinder the greatest Hindu Empowerment in World Economy,” Brahmachari opined.

In a telephonic conversation with HENB, Brhamachari condemned the present Modi Govt for ignoring Swamy’s invaluable social and economical suggestions given to PM Modi and his Ministry time to time.

Brahmachari also criticized the Pradhan Sevak (PM Modi) for acting really as the prime servitor (pradhan sevak) of some big business tycoons like Ambani, Adani, Birla, Chandta, Puri and others.

“The huge switch over of Rs 1.76 lakh crore from RBI to the GOI in one go in the name of meeting the fiscal deficit or the need of infrastructural development is nothing but a huge scam only to satisfy the hunger of big business houses in a veiled way. This huge surplus of 1.76 lakh crore of RBI has been accumulated from the tears, toil, blood and savings of the Indian public. Public has every right to share this benefit. So, Modi Govt must present detail of this received surplus on  public domain on quarterly basis,” Brahmachari emphasized.

Brahmachari hoped that Modi-Shah-Sitharaman would realize the importance of Dr Swamy’s suggestions to make Bharat and Hindus as the most powerful Economic leaders in World Economy within next two decades.

___With inputs from TINE.

13 comments on “Why Modi-Shah-Sitharaman opposing Swamy to hinder the Greatest Hindu Empowerment in World Economy?

  1. jay
    October 8, 2019

    Gandhi was not necesserily a pro hindu leader, however there was some hindutwa left in gandhi than nehru

    Like

  2. Sunil
    October 8, 2019

    A Hindu Rashtra will never be acceptable to Hindustan. Itihas gavah hai. Modi will lose the election. However, India strongly looks forward to sarv dharm sambhav but without any appeasement. Triple Talaq, halala, polygamy, bishop franco mallakal, etc, like khalistan, mehboobs, such things/people are no longer acceptable to India. India can flourish with True Hindustani Tehzeeb by correcting the blatant ills of the past like 370 etc.

    Like

  3. ASIM SAHA
    October 8, 2019

    As a CMA I am of the opinion that every expenditure must attract tax that is all consumption must come under the ambit of GST. The every service right from issuing birth certificate to death certificate must be charged and I think public will be happy to pay provided the service are timely without harrasment. In order to improve our economy I believe in enhancement of people purchaching power of common people

    Like

  4. Abdul Rawoof Ashfaq
    October 8, 2019

    This guy Subramaniyam swamy trying his best to find a minister post in Modi government. He used Honduras and Hindus which is not accepted to majority of Hindus.
    How come Hindus will become richest in the world when mire than 60% of Hindus in India are below poverty line.

    Like

  5. Mahalingam M
    October 8, 2019

    Today’s Muslims and Christians had not come from Mecca or Jerusalem. They are all from this land converted into other religions. The need of the day is to analyse and find out the causes for their adoption of other religions and set right the drawbacks and bring them to the original fold. Hat redness will not bring any positive result.

    Like

  6. Dr R Rajagopalan
    October 8, 2019

    After Narasimharao kudos to Dr Subrwmanian Sway!.Perhaps at the cost of Indian Economy the present Govt just managed to scale through the next election than the foresignt envisaged mainly by sidelining the economic dictum ,which perhaps might hamper even the next election’s result !.Laying hands on money from RBI is not only valid but ultrawires to fiscal principle!.By this way if Govt’s action exo future cannot achieve thousands albeit trillions !

    Like

    • Fenil Bheda
      October 8, 2019

      Some steps of Modi government like huge amount transfer from RBI to GOI are really doubtful. Resignation of Urjit Patel was also shocking.
      One can look at the way Adani is growing while economy is stagnant. Chidambaram is arrested for a scam whose roots lie in Ambani’s RIL. But nothing will happen to him.
      Disinvestment of PSUs is alarming
      Last thing we want is a scam by Modi, else the Indian public will feel largely betrayed.
      Mr. Swamy should be heard and given a chance despite his age. But Modi doesn’t like people with brains and who speak their hearts

      Like

  7. Asim Kumar Parai
    October 8, 2019

    Mr. Subramaniam Swamy is a prominent Economist in our country and whatever he says ,has certainly alarming….in all aspects.
    The country is badly in need of a good and High Profile Economist at this big crisis of Economical instabilities creeping in by degrees.Our PM has to take care of everything.

    Like

  8. Dr M Dutta
    October 9, 2019

    It is true that Modi Govt is doing incremental changes to the economy with microeconomic decisions while we need macroeconomic ones. But is Dr Swamy’s suggestions to do away with personal taxes desirable? How will the deficit be satisfied in?

    Like

    • Arindam
      October 10, 2019

      Governments have coinage sovereignty: they can create money. So if they want, they can cut taxes and maintain spending by literally making money to cover the gap. They don’t need to borrow – the fact that they do so is very suspicious.

      Like

  9. D S Sastry
    October 9, 2019

    Swamy’suggestion of IT abolition welcome

    How come giving tax benefit on children’education arise?
    If Lending rate and Deposit rate are same ,how will Banks manage admn. Costs?

    Like

  10. S S N Murthy
    October 9, 2019

    Dr. Subrahmanya Swamy is well educated person
    Ordinary people can not understand Swamy’s theory. Dr. Swamy should train them and made them to understand fundamentals S
    .

    Like

  11. Arindam.
    October 10, 2019

    ‘Print notes liberally for infrastructure construction, so the Indian economy can grow at 10 per cent per year’

    If you do this, you will generate inflation – unless you also engage in a policy of forced savings, as Singapore and other East Asian economies have done.

    This is because at the same time as demand for materials, energy, labour, etc.. for infrastructure is increased by such spending, there is an increase in consumer spending – because the increased infrastructure spending leads to increased incomes and thus increased spending.

    That increased spending will cause an increase in demand for materials, energy, labour etc.. from the consumer goods side of the economy.

    Firms – seeing an increase in demand from two sources (consumer side as well as infrastructure side), will naturally raise their prices.

    Furthermore, such an increase in demand will also lead to higher imports and problems on the trade front.

    East Asian economies avoided this problem by increasing savings as they increased investment, so that consumption did not increase at a dangerous rate.

    For further details, I highly recommend Eamonn Fingleton’s book ‘In the Jaws of the Dragon.’

    Like

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