Is the Indian Parliament made up of Crooks?

Are we in a state of economy as dire as 1991? This is a question that domestic investors, corporate and FIIs are constantly pressurizing the Indian government to answer. If not to soothe nerves, FM Chidambaram is expected to list out some measures to allay fears of further fall in the value of rupee. The government, in all likelihood, is going to stress that it is on top of things. Further it may even take measures to boost inflow of dollars. This may include dedicated non-resident deposit schemes, bond issues by PSUs, measures to attract sovereign wealth funds etc.

It may be recalled that in 1991 the government issued India Development Bonds through SBI. The bonds had raised a substantial US$ 1.6 bn. Again in 1998, it launched the Resurgent India bonds after the US sanctions on India in the aftermath of nuclear tests. Some such measures cannot be ruled out this time as well. Moreover rules for Real Estate Investment Trusts (REITs) could be in the offing to solicit foreign investment in India's real estate sector. Thus, the government's 'all is well' message may not be entirely true. However, one could expect some serious measures to arrest the rupee depreciation and trade deficit crisis.

The above is from The mails I receive from Equitymaster.

The author asks how the Indian government should tackle the decline.

They are already tackling it by:

1) Negating the decision of the CIC that political parties should come under RTI.

2) Negating the decision of the Supreme Court that MPs and MLAs who are convicted should not be allowed to fight elections and if any MP or MLA is convicted after becoming an MP and MLA, he should be disqualified.

During Anna's agitation, when Om Puri had calle all MPs crooks we all thought he had gove overboard and he should not have made such a sweeping statement.

But now, after seeing the way all the MPs of all political parties have ganged up to nullify the above decisions, we cannot but agree with Om Puri.

Irrespective of party affiliations, I call all MPs crooks.

And no amount of speeches by Chidambaram is going to convince people that India will improve.

It is just going to get worse for there is no honesty - from top to bottom.

If they were interested in bringing about honesty in the working of the government, they should work with the Judiciary to see how criminals could be prevented from entering parliament.

But no!

They are interested in nullifying the judgement and honest bureaucrats like Durga in UP, Khemka in Haryana. Other honest officers have been transferred in Rajasthan and Tamil Nadu.

Everywhere it is the same.

Our MPs and MLAs do not want to give up their right to loot the country.

We are reaching a stage where a bloody revolution may be necessary just like the Maoists are doing because when civil society want to bring about change peacefully, they are just fooled.

WE saw how Anna was fooled with the Lok Pal Bill