19th January 2926 LIFE INSURANCE BUSINESS NATIONALISATION ORDINANCE DAY
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No doubt under Indian National Congress which consisted persons from extreme Marxism, Violence, Fabian Socialism, to Conservative, Narrow Stagnant Non progressive Social and religious views abolished princely states and Feudal Zamindari System. Jawaharlal Nehru was selected over majority supported Sardar Patel by Gandhiji became Prime minister. He thought that the model adopted by Soviet Union will remove extreme poverty within a short time. So he created Planning Commission with Five-year plans and started nationalisation of Imperial Bank(SBI) Private Insurers(LIC) and erected Steel Mills and Heavy Industries at huge cost to the decline of Agriculture and employment oriented industries. But extreme poverty was increasing and wages of unskilled, skilled, blue collared and white collared workers including GOI and PSUs stagnated for five decades. Nehru and his dynasty should accept the responsibility of not improving the standard of 80% Indian families from that of Sub-Saharan standard till Reserve Gold of RBI was shipped to London to pay in foreign currency for import of essential things. All these things happened because of Crony Capitalism, Licence-Permit Raj, corruption practiced in the name of Socialism. PVN RAO who was called from retirement to save India boldly brought economic reforms which is responsible for getting double the real wages from lowest Unorganised workers to Top bureaucrats and Pensions to all formal workers. Number of IT and GST payers are increasing year by year and amount paid by them is utilised to eradicate extreme poverty within a decade now except may be 2% instead IT was levied once even from low level wages from staff of GOI and PSUs now the burden is removed.
1 comment:
No doubt under Indian National Congress which consisted persons from extreme Marxism, Violence, Fabian Socialism, to Conservative, Narrow Stagnant Non progressive Social and religious views abolished princely states and Feudal Zamindari System. Jawaharlal Nehru was selected over majority supported Sardar Patel by Gandhiji became Prime minister. He thought that the model adopted by Soviet Union will remove extreme poverty within a short time. So he created Planning Commission with Five-year plans and started nationalisation of Imperial Bank(SBI) Private Insurers(LIC) and erected Steel Mills and Heavy Industries at huge cost to the decline of Agriculture and employment oriented industries. But extreme poverty was increasing and wages of unskilled, skilled, blue collared and white collared workers including GOI and PSUs stagnated for five decades. Nehru and his dynasty should accept the responsibility of not improving the standard of 80% Indian families from that of Sub-Saharan standard till Reserve Gold of RBI was shipped to London to pay in foreign currency for import of essential things. All these things happened because of Crony Capitalism, Licence-Permit Raj, corruption practiced in the name of Socialism. PVN RAO who was called from retirement to save India boldly brought economic reforms which is responsible for getting double the real wages from lowest Unorganised workers to Top bureaucrats and Pensions to all formal workers. Number of IT and GST payers are increasing year by year and amount paid by them is utilised to eradicate extreme poverty within a decade now except may be 2% instead IT was levied once even from low level wages from staff of GOI and PSUs now the burden is removed.
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