Monday, September 26, 2011

UPA's vote security bill

Cornered on multiple corruption cases; UPA is working on a food security bill which seeks to covers 67.5% of India's population. The bill proposes monthly entitlement of 7kg food grain per person (Rs3 per kg for rice, Rs2 per kg for wheat and Rs1 per kg for coarse grains).

Well, the bill sounds good but intentions behind this are not so genuine and its fiscal implications will be even more dangerous. Intentions of UPA becomes obvious by understanding that its meant for 75% of rural Indians. Yes, here is the catch. And its because these are the people who matter most in elections.  They deserve applaud for participating religiously in the democratic process. But right intentions needs to be complemented with equally right intentions, which seems to be lacking from Congress. 

Congress popularity chart is heading southwards steady due to countless scandels. In such situation, this bill could be a game changer. Also, if passed, it will become fully operational only around next election. So timing part is also well calculated by Sonia. If the bill gets tabled, chances of it not being supported by other parties are remote as every party needs "Aam Aadmi" support. So this is a desperate attempt by Congress to regain some of the lost grounds to other parties.

India needs food security, but is this the only feasible solution? Has congress considered the huge fiscal burden to implement this bill?  Is congress so serious about aam aadmi ? 
Congress is only playing this final card to retain power. Their intentions to fight corruption, terrorism and latest one, inflation is now an open secret to all of us.

Whats more important at this point of time is, to empower rural India by channeling resources on basic things like education, infrastructure, health care and most importantly implement existing plans (like NREGA) properly. But instead of that, Congress is planning another bill just to garner support of "Aam Aadmi" for next general election. Time will tell if this formula works for UPA or not but considering its sheer size it will definitely give more opportunities for Sonia and co to make money!!!

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