Month: July 2008

Criminals should not vote in Parliament

Tomorrow 22/7/2008 is vote of confidence (trust vote) in Lok Sabha.

Six members of Lok Sabha are prisoners, three of them convicted for murder.

These six members of Lok Sabha should not be allowed to vote on the motion.

The Speaker should not allow them to vote.

Criminals who are in jails should not vote in Parliament on any issue.

The constitution is silent does not mean that they should be allowed to vote.

Even if they were allowed to vote in the past we have to break with it.

When the constitution was written the writers did not foresee that one day murderers, kidnappers and such criminals will one day become MPs.

Constituent Assembly had members who had gone to jail for fighting for the freedom of the country.

The government can survive or fall by one vote.

It is bad if votes by criminals decide majority.

Lok Sabha has the right to expel members.

Indira Gandhi was expelled.

Anyone who is convicted for murder must be expelled from Lok Sabha.

So also should be the case with Rajya Sabha.

Amar Singh, inflation and rupee rate

I am glad that Amar Singh has written to the Prime Minister about the exchange rate and asked to dollar rate be brought down to Rs.39/-.

If that happens, as per him, inflation will come down 2 to 4%.

Amar Singh represents Samajwadi Party which has 39 MPs in Lok Sabha and whose support is crucial for the government to survive.

I hope Amar Singh’s letter will have some effect.

I had written several times about exchange rate manipulation by RBI which had weakened the rupee and was bad for the country.

Many others had written about it.

Our writings proved to be voices in the wilderness.

Vested interests dominated and rupee was weakened.

Amar Singh has also written about banning export of petroleum products.

Products like steel and cement are banned for export.

Why not petroleum products? Inflation has to be 0%.

All measures need to be taken for that.

Exporters have put pressure on the government to weaken the rupee whenever the rupee has strengthened.

However many export products have import components and rupee depreciation hits them also.

Diamond traders import rough diamonds and export polished diamonds.

Rupee depreciation has raised the cost of imports.

Demand has gone down.

Many diamond traders are unable to meet the demand for higher wages by their workers and this has led to strikes and violence.

Rupee shall appreciate.

Price rise

Since March 2008 prices are rising steadily.

The Government of India has not done anything that could bring down the prices.

RBI has not strengthened the rupee which could have prevented price rise.

The Government of India seems to be occupied with the Nuclear Deal.

Left Front has made it clear that it will withdraw support if the Government goes ahead with the Nuclear Deal.

UPA leaders are busy trying to save the Government by getting support of Samajwadi Party and others.

Inflation hits people all over the country.

The Government should focus its attention on bringing down prices to previous levels.

It may sign the Nuclear Deal and survive but if prices keep rising it will not get another term.

Transporters have gone on strike.

This will push up prices.

Many commodities will perish.

Many will have to pay high prices for vegetables, fruits and other food items.

People need to eat food to live.

Prices of other items will also go up but buying of some items can be postponed.

Oil has hit $146 a barrel.

Strengthening rupee will prevent price rise.

Over the years RBI printed notes to buy billions of dollars.

Now is the time to sell all those dollars so that the rupee keeps rising.

Let the Government and RBI not worry about exporters.

They had many benefits over the years.

Now also they have many benefits.

It is time to put an end to them.

Besides the Government must also abolish all subsidies.

That will cut down expenditure and bring down inflation.