oppn parties Skewed Wealth Distribution: Whose Fault?

News Snippets

  • SC says it will revisit its definition of 'Hindutva' in the light of growing hate speeches
  • Indigo reduces the flying ban on stand-up comic Kunal Kamra to three months after an inquiry committee finds that it was a Level 1 offense not meriting a 6-month ban
  • Akali Dal MP Naresh Gujral says Delhi Police did not act on his phone call asking them to help 16 people trapped in riot-hit areas
  • AAP councillor Tahir Hussain, booked for murder and arson, says he is being framed
  • New HC bench allows the Delhi Police plea that the situation is no conducive to the filing of FIRs and also allows the Centre to become a party to the case
  • Justice S Muralidhar of the Delhi High Court, who was part of the bench that pulled up the Delhi Police for not filing FIRs against BJP leaders for hate speeches, transferred to Punjab HC
  • Two Special Investigation Teams (SITs) of Crime Branch in Delhi Police have been formed under DCP Joy Tirkey and DCP Rajesh Deo. The teams will immediately take over the investigations of the cases related to northeast Delhi violence. Both the teams will be under the supervision of BK Singh, additional commissioner of police (Crime Branch)
  • Sporadic violence was reported from riot-hit areas in the capital as the intensity of the madness seems to have abated. The death toll has risen to 37
  • Special DG (Training) in CRPF, S N Shrivastava, appointed special commissioner (law & order) in Delhi Police in order to quell the violence. He is also expected to take over as chief of Delhi police once Amulya Patnaik's term ends on February 29
  • Curfew and shoot at sight orders reportedly in force in some areas, but Delhi Police HQ does not issue a notice for the same
  • The Central government has pressed paramilitary forces to control the riots in Delhi
  • Mobs in Delhi target journalists, check them for religious identity and snatch equipment
  • 13 people deal until now in one of the worst spells of violence in Delhi
  • Violence in Delhi shows no signs of abating with fresh areas in the north-eastern part of the capital coming under its grip
  • Delhi High Court says DGCA was wrong in approving the flying ban on stand-up comic Kunal Kamra by airlines other than Indigo for his alleged misbehavior with TV anchor Arnab Goswami aboard an Indigo flight
Delhi Police file a case for murder and arson against Aam Aadmi Party councillor Tahir Hussain. Hussain is believed to have played a role in the murder of IB staffer Ankit Sharma whose body was found in Jafrabad
oppn parties
Skewed Wealth Distribution: Whose Fault?

By Sunil Garodia
First publised on 2018-01-24 08:39:42

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
Even as Narendra Modi represents India at the World Economic Forum in Davos – the first Indian prime minister to be there after H D Deve Gowda in 1997 – Rahul Gandhi, taking a cue from a report that pointed out that just 1 percent of Indians held 73 percent of the nation’s wealth, has asked Modi to explain that to the august gathering in Davos.

It is really very easy to explain that. For, this skewed amassing of wealth by a miniscule percentage of Indians has not occurred in the last three or four years. It has been allowed systematically by Congress governments of the past through their economic policies that encouraged protectionism and monopolies through the licence-quota raj on the one hand and allowed massive leakages in public welfare programmes to create crony capitalists who siphoned out mind-boggling funds meant for the poor, obviously with appropriate kickbacks for the ruling class. In the absence of competition and fair licensing system, people with money and connections kept cornering licenses and money continued to beget money. Even in the 2G scam, though corruption has not been proved, the courts have frowned at the way licenses were issued. Nepotism and favoritism have been the hallmark of the governing style of the Congress and this, more than anything else, has resulted in both the middleclass and the poor remaining where they were – even becoming worse in the face of rising inflation – while the rich continuing to get richer.

Although the dismantling of the barriers and reforms were also started during the Congress regime only, it was under P V Narashima Rao and not under a member of the Gandhi family. Since then, there has been a remarkable jump in talented people starting new and successful ventures, a luxury that was not available to them before the 1990’s. So, instead of needling the prime minister, Gandhi must study the economic history of India under the Congress before 1991. He will get all the answers why just 1 percent of Indians hold an absurd amount of the nation’s wealth.