National Council (Kullu-Himachal Pradesh), 6-7 June, 2009

Expectations from the government

People of India has been given mandate for yet another Congress led government in the centre. Swadeshi Jagaran Manch welcomes new governments. At the same time this has given rise to the expectations of the people from the government and the look forward for greater prosperity and happiness of the common man in the next 5 years. 100 days road map of the present government as also been presented by the president Pratibha Devi Singh Patil in her address to joint session of the parliament. The government has given following issues in the said road map-
1. Disinvestment of the public sector undertaking.
2. Reduction in subsidies.
3. Reform in banking, insurance and pension sectors.
Swadeshi Jagaran Manch has always been opposed to the disinvestment of the profit making public sector undertakings. Reduction in subsidies may adversely affect poor farmers and workers of the nation. Foreign investment in banking and insurance sector is not in best interest of the country. Learning from the experience of USA's economic crisis, disallowing the foreign capital in these sectors would be the best policy. Workers interest should be kept on the top priority before making pension reforms. There is a need to critically examine the impact of foreign investment in various sectors.

We welcome the government's announcement of brining Food Security Bill. We also need to ensure the sufficient availability of food grains at reasonable prices. While making this law. Government is also talking about speedy economic reforms. They may include foreign investment in retail trade and going fast on the policy of Special Economic Zones (SEZs). Farmers are opposing SEZs all over the country. SEZs are not in national interest. Global economic crisis has given an opportunity to the government to reconsider the policy on SEZs. Swadeshi Jagaran Manch has been opposing the policy of SEZ and foreign investment in retail trade.

Deposits of Indian citizens in foreign banks is a matter of great concern. This is pure black money. There is an urgent need to make this money available for the development of the country. Government of India must make diplomatic efforts, ensuring the return of this black money back to India under a time bound program.

Government must take serious note of the impact of global economic recession on Indian economy, while making the road map. Various sectors have been adversely affected due to their recession. Production of manufacturing sector has came claim by 3.5 percent in the last three months. Diamond industry, garment industry, infrastructure sector, tourism sector and information technology sectors have been worst hot by this recession. Our exports have come down by 15% in the last 3 months. Employment opportunities are also declining very fast. Labour Minister in the earlier government Sri Oscar Fernandes informed the Lok Sabha that in just 3 months from October, 2008 to December 2008, 5 Lakh jobs were lost. According to Federation of Indian Exporters Organisation (FIEO) 2.5 Lakh labourers lost their jobs in the export sector and in the next six months at least another 4 lakh will lose their jobs in textile sector. In IT sector 1 Lakh have lost their jobs.

All this shows that De-coupling theory as published by government of India has failed. Rashtriya Parishad of SJM at Kullu demands:-
1. Policy of SEZ should be re considered.
2. Foreign investment and investment by corporate houses should not be allowed in retail sector.
3. While considering the impact of recession on the economy, investment in agriculture, small scale industries and infrastructure be maximised.
4. There should not be any disinvestment of profit making public sector undertakings.
5. There should be reasonable compensation for workers losing their jobs due to recession.
6. Foreign investment norms for banks and insurance sector must not be altered.
7. Deposits of black money held by Indians abroad must be brought back to India at the earliest.