Wednesday, October 28, 2020
Home News Reports BJP MP rakes up the reparations debate, argues discussions must start about how and...

BJP MP rakes up the reparations debate, argues discussions must start about how and when the British can start repaying India

Rajeev Chandrasekhar will find support for his argument from senior Congress leader Shashi Tharoor who has made the case in the past.

Calls have been made regularly for the United Kingdom to pay reparations to India for the exploitation of its economic resources during its colonial rule. The latest person to make that demand is Rajeev Chandrasekhar, BJP Rajya Sabha MP from Karnataka.

Rajeev Chandrasekhar tweeted that a discussion must be started to decide how and when Great Britain can start repaying its debt to India. He added that time has come for former colonial powers Great Britain, Holland, Portugal and Franch to start returing the wealth they took from their colonies.

An article linked by Chandrasekhar in his tweet cites a research study by renowned economist Utsa Patnaik and published by Columbia University Press to assert that the British Empire drained nearly $45 trillion from India between 1765 to 1938.

The British, the article argues, achieved it by establishing a monopoly over Indian Trade. They bought Indian goods using the money from the taxes they collected from the Indian citizenry itself. Then, the British were able to sell these goods at a much higher price to other countries, thus making further profit on the goods.

After the British Crown took control of India in 1858, they twisted the rule further to suit their objectives. While Indian producers were allowed to sell their goods to other countries, payment for them could only be made through special bills issued by the British Crown. When Indians cashed the bills, they were paid in Indian rupees from the taxes that were collected from the Indian citizenry.

The consequence of these policies was that while India maintained a trade surplus with the rest of the world, its own deficit increased in the national accounts as the profit was being appropriated by the British. Thus, India had to borrow money from the Brits to finance its own imports, thus strengthening Britain’s hold over the territory.

The author of the article, Jason Hickel, an academic at the University of London and a Fellow of the Royal Society of Arts, opines in the end, “What does this require of Britain today? An apology? Absolutely. Reparations? Perhaps – although there is not enough money in all of Britain to cover the sums that Patnaik identifies. In the meantime, we can start by setting the story straight. We need to recognise that Britain retained control of India not out of benevolence but for the sake of plunder and that Britain’s industrial rise didn’t emerge sui generis from the steam engine and strong institutions, as our schoolbooks would have it, but depended on violent theft from other lands and other peoples.”

Chandrasekhar will find support for his argument from senior Congress leader Shashi Tharoor who has made the case in the past. In a speech at the Oxford Union in 2015, Tharoor argued that the British must accept that it owes India a debt for its colonialism and owes India reparations for the economic and psychological decline of its people.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Watch: Moment when firing broke out and an eyewitness who narrates exactly what happened

The horrific violence that broke out during Durga Visarjan in Munger, Bihar last night has left people wondering as to what transpired that led to the death of an 18-year old boy and left many injured

ABP quotes uncle of murderer Tauseef to whitewash the religious angle in the heinous murder of Nikita Tomar

Javed Ahmed out rightly denied any angle of religious conversion in the Nikita Tomar murder and said that he respected all religions.

Hansa Research says it has no business dealings with Republic TV, Mumbai Police’s leak to Economic Times falls flat

Hansa Research has categorically denied claims made by Mumbai Police which were quoted in a report in The Economic Times.

Bollywood: Actress Malvi Malhotra stabbed for rejecting marriage proposal of Facebook friend

Malvi Malhotra was returning home from a coffee shop when the accused said that he wanted to speak to her

India-US 2+2 talks: Geo-spatial defence pact signed, US extends its support to India amidst border aggression from China

The BECA pact will arm India with sensitive satellite and sensor data and enable it to keep a closer watch on the Chinese warships in the Indian Ocean.

Recently Popular

Editors Guild issues a shameful statement tacitly condoning witch-hunt against Republic TV and Arnab Goswami by Mumbai Police: Details

After almost two weeks of the witch-hunt launched by Mumbai Police against Republic TV and Arnab Goswami, the Editors Guild has finally issued a statement

Faridabad: A month after college student Nikita files molestation complaint against Taufeeq, he shoots her dead

As per reports, the accused initially wanted to abduct the victim but killed her when she resisted him.

Nikita Tomar murder: Taufeeq alias Sajid introduced himself as Rahul, was pressurising her to embrace Islam

On Monday, 21-year-old Nikita Tomar was shot to death in broad daylight outside the Aggarwal college in Ballabgarh, Faridabad

YouTuber Lakshay Chaudhary levels serious allegations of fraud against Gaurav Wasan of Swad Official whose video on ‘Baba ka Dhaba’ had gone viral

Gaurav Wasan of Swad Official had uploaded a video about the financial difficulties faced by the elderly couple of 'Baba ka Dhaba'.

18-year-old dead as police open fire at Durga Puja Visarjan procession in Munger, Bihar: Here is everything you need to know

An 18-year-old youth has reportedly been killed and several others injured in the firing that took place on the intervening night of Monday and Tuesday in Munger, Bihar

Nikita Tomar murder: Main accused Tauseef belongs to a family of influential Congress politicians from Nuh in Haryana

The prime accused Tauseef's grandfather, uncles and cousin brothers are all infuential Congress politicians from Haryana's Nuh
- Advertisement -

Watch: Moment when firing broke out and an eyewitness who narrates exactly what happened

The horrific violence that broke out during Durga Visarjan in Munger, Bihar last night has left people wondering as to what transpired that led to the death of an 18-year old boy and left many injured

ABP quotes uncle of murderer Tauseef to whitewash the religious angle in the heinous murder of Nikita Tomar

Javed Ahmed out rightly denied any angle of religious conversion in the Nikita Tomar murder and said that he respected all religions.

Karan Johar’s Dharma Productions receives show cause notice for dumping garbage, bio-medical waste used during a film shoot in Goa on roadside

Goan activists threatened of taking Dharma Productions and Karan johar to court for breaking the laws of the land.

Weeks after being targeted by opposition parties and media for allegedly favouring BJP, Ankhi Das quits Facebook

Ankhi Das was mired in controversy lately after a WSJ article accused Facebook India of showing bias towards BJP.

Nikita Tomar murder: Main accused Tauseef belongs to a family of influential Congress politicians from Nuh in Haryana

The prime accused Tauseef's grandfather, uncles and cousin brothers are all infuential Congress politicians from Haryana's Nuh

While Munger video shows devotees protecting Maa Durga’s Murti in silence as the police unleashed blows, SP claims they shot their own

Violence erupted in Bihar’s Munger as police resorted to brute force against devotees participating in Durga Visarjan.

Waqar Zaka of Pakistani Roadies fame calls for ‘Digital Jihad’ against President of France

Waqar Zaka of Pakistani Roadies fame called for Digital Jihad against French President Emmanuel Macron.

‘Unacceptable’, ‘highway robbery’: Opposition suffers meltdown after central government makes way for any Indian to buy land in J&K

Following the passage of the new land law, opposition parties, as expected, are up in arms against the central government.

Pakistan’s National Assembly passes resolution to bring back its envoy from France, but there’s a catch

Currently, there is no Pakistani envoy in France as the last envoy was transferred to China three months back. The post has been lying vacant since then.

Connect with us

245,563FansLike
469,673FollowersFollow
19,400SubscribersSubscribe