Need for a new political party in India


At present the political parties in India talk of working for the interests of different sections of the population- people belonging to working class, backward class, SC & ST, farmers, consumers, middle class, poor people, minorities, different castes, different languages and regions etc. No party talks of working for the welfare of all sections of the people-poor and rich, forward and backward castes, minority and majority communities etc. While socially and economically backward people definitely need preferences and concessions, the interests of rich people and forward communities should not be altogether neglected, It should be borne in mind, that it is the rich people – industrialists and business people who provide the bulk of employment to the people, including the poor people. They serve the poor people better than the state and central governments. If the rich people become richer, they would establish more businesses which in turn will provide more employment to both poor and rich people. It is not necessary that there is always conflict of interests of employers and employees. Employees should put in their best efforts to serve the employers and employers should in turn share the profits with the employees and the consumers by giving bonus to the employees and reducing the prices for the consumers in the subsequent period,

There is a need for a new political party which facilitates poor people to become rich and rich people to become richer. The gap between the rich and the poor is immaterial so long as the lowest income people earn a decent amount for a decent life-i.e to take care of the basic necessities and small luxuries. This is the way for the country to develop economically. By talking of working only for poor people, the parties want poor people to remain poor so that they can continue to get their votes. Once the poor people become rich, the parties would lose their votes. The policies of the governments should be not only to get more revenue but also to enable private people to have more money so that they can invest and increase the production of goods and services i.e higher Gross Domestic Product(GDP) and provide more employment and revenue to the governments-both central and states.

Demonetization- should it be put to plebiscite


There are different claims about the support or opposition to the scheme of Govt.of India of demonetization of Rs.500 and Rs.1000 currency notes being implemented by the Government. Opponents talk of the damage to the economy, the GDP lowering by a few percentage points with no success in bringing out black money, in eliminating fake currency notes or in eliminating corruption. And they also talk of untold suffering of the people, with no money to buy essential items of consumption and the loss of lives of several people. They demand withdrawal of the scheme. At the same time while admitting the sufferings of the people, the government asserts that the suffering is only for a short period, but there are long term gains in terms of elimination of black money, fake currency notes and corruption and assert that the scheme will continue. The issue being very important and serious, it should be put to plebiscite and the outcome of the plebiscite should be respected and implemented and no further discussions should take place on the issue.

Normalising relations between India and Pakistan


Indian companies should be encouraged to set up manufacturing plants preferably as joint venture companies in Pakistan. Those companies in Pakistan should be insured against political violence and nationalization in Pakistan as Indian companies need some guarantee against violence and nationalization. Government of India should also have some equity participation in those companies through institutions like Exim Bank of India. Indian banks should also be encouraged to lend to these companies. India should first encourage Indian industrialists to talk to their counterparts in Pakistan by organizing visits, meetings, conferences etc. It should be left to the Pakistani industrialists to persuade their government to permit them to have cooperation with the Indian companies. The Government of India should take this course in addition to interaction through diplomatic channel for normalizing relations between the two countries. Pakistan may slowly change its stand on resolving border issue first, if the business communities of the two countries find cooperation useful for the development of Pakistan.

Better ways to minimise black money than demonetization


There are better ways than monetization, to minimise black money. Some of these ways are;

1. holders of black money could be allowed to bring out black money with or without payment of taxes/penalties if they (particularly in industrially backward areas)set up factories which will give employment to certain number of people. By this scheme a number of people will get employment in construction of factory and in running the factory, transport etc . In a country where educated unemployment is large, this step will prove to be beneficial to the people/country. It will also contribute to government funds by way of licence fees, duties, taxes etc. The scheme to be successful, black money holders should be assured that no questions will be asked and no adverse publicity will be given.

2.Black money could be used for laying /widening roads, and the holders could be permitted to collect toll charges

3.Black money could be allowed to be used to construct new railway lines and run trains and/or be permitted to collect charges from those operating trains on the new lines.

Black money could be allowed to be used for other infrastructural projects

In these schemes the focus is on utilizing black money for the betterment of the country rather than punishing the holders. The wealth of the country is the combined wealth of its individual citizens. The gap between the rich and the poor can be bridged at a later date, when the country is well developed.