Over the past six years, India has tried to dance to a different tune. The Vajpayee government encouraged modernity and entrepreneurship, and boosted the self-confidence of a growing middle class. It tried to turn the country away from a Third World trajectory, from the sloth and mediocrity of the past, into a new India that is so feared by protectionists in the U.S. and Europe. Well, those protectionists can breathe a little easier now. India's ancient regime has struck back with a vengeance.
With the Congress dependent on its 60 legislators for a majority, the two Communist parties are expected to put their regressive stamp on economic policy. Even before the celebrations were over, leftists called for an end to the privatization of the public sector, the abolition of the Disinvestment Ministry and a review of the reforms program. Regardless of whether or not the left joins in government, it will leave its antediluvian mark on the policies of the new regime.
An already jittery stock market panicked. On Friday, the Bombay Sensex fell 6% in one day and wiped out $22 billion of investors' wealth. Since the specter of political uncertainty and a possible defeat for Mr. Vajpayee first appeared on the horizon, the Sensex has fallen from 5712 on April 27 to 5069 on May 14. Foreign institutional investors have pulled out millions of rupees from the markets since the election results.
Commentary From the Sidelines of history
Kishore
SCJP, blog
And people defenitely fed up with BJP's communaly devide and rule policy
The economic policies are introduced by Dr Manmohan sindh.and BJP just followed it.they could'nt able to follow it wisely.so it made only a devide in indian community.and people mandate clearly shows that they dont want this kind of economic reforms which is only good for a creamylayer.
Originally posted by Pradeep Bhat:
There was very little communal viloence in India during NDA rule. Gujarat was bad so was sikh riots during Coingress rule.
For congress , secularism means minority votes.
Uncontrolled vocabularies
"I try my best to make *all* my posts nice, even when I feel upset" -- Philippe Maquet
I can see your irritation.but there is no need to tell you also that what tactics BJP used to get power in a small period of time.They
Originally posted by Mapraputa Is:
This thread grows lake a bamboo!![]()
Friends, if you want non-Indians to follow it, maybe somebody could summarize shortly the meaning of the event. It's not quite clear for me, and probably for other too.
1. Allowed the demolition of Babri Masjid, did nothing even though was in power at center. This implies they wanted the demolition to happen to isolate BJP.
2. Laid the foundation of Ram Temple (Thanks to Rajiv Ghandhi ). Why was required?
Who demolished Babri masjid?.
Can somebody please delete these pictures or thread. They are very disturbing and provoking.
Originally posted by Pradeep Bhat:
What was PVN doing ? He did not act.![]()
BJP and Congress are equally responsible. Nor BJP alone.
Originally posted by Pradeep Bhat:
Congress was kicked out of power in 1996 for their economic policies.
"Thanks to Indian media who has over the period of time swiped out intellectual taste from mass Indian population." - Chetan Parekh
Originally posted by Paul McKenna:
Even before the celebrations were over, leftists called for an end to the privatization of the public sector, the abolition of the Disinvestment Ministry and a review of the reforms program.
"Thanks to Indian media who has over the period of time swiped out intellectual taste from mass Indian population." - Chetan Parekh
Correct me if I am wrong, Manmohan Singh clearly said that Congress will continue its eco policies and Disinvestment ministry will also exist as it was at the time of BJP.
So I think NDA lost just because of their pro stock market and anti common man economic policies.
Originally posted by R K Singh:
Any pro-BJP, please stand up and tell me about any policy of BJP that added some value to India.
"Thanks to Indian media who has over the period of time swiped out intellectual taste from mass Indian population." - Chetan Parekh
Originally posted by Mapraputa Is:
Friends, if you want non-Indians to follow it, maybe somebody could summarize shortly the meaning of the event. It's not quite clear for me, and probably for other too.
Mani
Quaerendo Invenietis
Originally posted by Pradeep Bhat:
Manmohan just said that investors need not worry. That is good.![]()
Murasoli Maran, you remind me of ex union minister.
Originally posted by Pradeep Bhat:
YSR is going to give free power to farmers. I dunno who is going to pay ?
Akali Dal had also promised the same years back.
Hope the rainfall will be good this year. :roll:
Originally posted by R K Singh:
Is there anyone, who can tell me any policy of BJP led govt that did anything for India.
Originally posted by Pradeep Bhat:
Yes you are right. Even IT industry has created a divide. Do you agree ?