Forgive me for what I am about to say

First things first:

Congress is our ruling party.

Governance is at an all time low – (won’t get into why I say that as it thunders over them & doesn’t really need to said)

So to my mind we must address one thing at one time, and not conclude unless we have gone step by step:

1.     The guilty must be brought to book

2.     Begin by naming & shaming

3.     The ruling party must be made accountable for the present sate of affairs

4.     Tax Laws shouldn’t be changed at will:

a.     Vodafone case $2.2B

b.     Retrospective amendment being justified to tax Vodafone basis that this has been done many times before

c.     Parliamentary process still not complete but they have already started prosecuting them

d.     In any event even if the constitution amendment is kept – Its not a good enough argument to change laws just so that your can tax when in fact the law was on their side.

e.     http://goo.gl/ZIq6S

5.     Judiciary shouldn’t be made redundant - No sanctity of courts due to retrospective amendments (have been done before – not sustainable reasoning – Habits could be bad also ;)

6.     Armed forces shouldn’t be subjected to political interference at this kind of level. 

7.     Army is badly equipped & COAS shouldn’t be penalized for saying this. http://goo.gl/6fgao

8.     Foreign companies shouldn’t be harassed on political decisions.

a.     Promissory estoppel should apply to govt. If something was promised to them inviting their businesses to India they law should be changed at will as a measure to suit the govt’s interests

b.     http://goo.gl/dbyDK

9.     Media can not be restrained as freedom of press/speech cannot be curtailed – that shall be 100% unconstitutional

10.  Smug attitude is overbearing:

a.     Warnings from IMF

b.     Warnings from Credit Rating agencies (S&P etc)

c.     Warnings from Netherlands – Telenor case (2G) - http://goo.gl/5we0h

d.     Warnings from Britain http://goo.gl/QwRKt

e.     Warnings from US ambassador

f.      Warnings from Norway

All stating the India’s ruling party is forcing India to economic doom & needs to bring in reforms in its politico make-up

11.  Agriculture badly effected – because of other wise simply addressed issues:

a.     Distribution of grains

b.     Export of cotton

c.     etc etc

12.  RBI not stepping in to correct forex INR/$ ratio

a.     Why is the dollar rate high & INR so low – because of exports GDP, banking etc? No … Not really … there is not exception to have cause such a trend

b.     Simple rule- INR is being sold in great amounts to buy dollars

c.     Just around the time when Swiss accounts having been under pressure to disclose account details. Indian money in tax havens is being drawn out – converted to USD – brought into India at a good rate – (current forex -1$=53 INR)

d.     Do the maths (deductions) …

13.  Conclusion:

a.     Congress/UPA must be made accountable

b.     Its not about BJP vs Congress

c.     A message must be sent to politicians that– guilty will be brought to book.

d.     Then later decide which party should be voted into power

e.     Congress can’t be kept in power for fear of not a good enough substitute being available.

f.      If they are allowed to stay, political system will only get more teeth/power to harm & not take the citizens seriously

g.     Things are at an all time worse - in terms of bad policies… etc etc

They will reduce us back to rickshaw brigade – read the article by the economist – it is frightening. But they were clear & they didn’t hesitate to name & shame the Congress. http://goo.gl/q3TRb