Friday, July 3, 2020
Home Government and Policy From BALCO to BPCL: The new India is a tribute to Vajpayee

From BALCO to BPCL: The new India is a tribute to Vajpayee

Go back to 2001 when the Vajpayee government decided to sell BALCO to Sterlite Industries. It seemed at the time that the world was coming to an end.

Also Read

Abhishek Banerjeehttps://dynastycrooks.wordpress.com/
Abhishek Banerjee is a math lover who may or not be an Assistant Professor at IISc Bangalore. He is the author of Operation Johar - A Love Story, a novel on the pain of left wing terror in Jharkhand, available on Amazon here.  

Yesterday, the government announced the big bang disinvestment of BPCL and 4 other Public Sector Units. After the corporate tax cuts, this may easily be treated as one of the biggest reform pushes of Narendra Modi.

Untitled

The Economic Times report calls the move a ‘blockbuster.’ Smiles all around. Businesses, media, people, everyone is happy.

This really takes me down memory lane. How much India has changed and how much better.

Go back to 2001 when the Vajpayee government decided to sell BALCO to Sterlite Industries. It seemed at the time that the world was coming to an end.

Untitled.png

Parliament went into an uproar. Workers went on over 2 months of the strike.

The family gold is being given away, they said, invoking the emotional imagery of a woman taking her gold to the pawnbroker, a scene that had played out in one hackneyed Hindi movie after another.

Back then, the only wealthy people ever had was ancestral/family wealth. It was either land or gold. People earned practically nothing in the course of their lifetimes. When they did have some money, they buried it away in a super safe fixed deposit, fearful of hard times. The future was a lurking monster of uncertainty, always to be feared.

It was against this background that Vajpayee went ahead with the most ambitious reform program India had ever seen. Decades of Nehruvian quasi-Communist economics had sowed socialism deep into the political DNA of India. When Vajpayee’s ministers said that it was “not the business of the government to be in business,” it sounded absurd, almost paradoxical to most people. For they had all grown up aspiring to a government job.

Twenty years later, we can only look back and appreciate what it took for the reformist NDA government to bring India out of its socialist stupor. It was a leap of faith that required immense political courage. As history showed, it also ended up being a political sacrifice.

But what is undeniable is the legacy that Vajpayee left for the nation.

In 2003, the Vajpayee government approved a public-private partnership proposal for Delhi and Mumbai airports. When Indians today take pride at these gleaming airports and double-digit growth in airline passenger numbers, remember who made it all possible.

And who paid the price.

Today, we have the government and opposition actively fighting over who can grow the GDP faster. When you take a longer view of Indian politics, it seems almost unreal. It seems like yesterday when the opposition Congress was taunting the Vajpayee government, asking whether 8% growth does any good for the common man.

Indeed, that was the Congress slogan from 2004. The share market is rising, but what did the common man get? At the time, Congress spread the impression that GDP growth and business are anti-poor!

In 2004, it was the socialist quicksand calling us back, appealing to fear and insecurities of a population that had deliberately been kept impoverished by Nehruvian policies. And the saddest thing is that it worked. The UPA government coasted on the strength of Vajpayee’s reform push in the build-up to the 2008 crisis. And for good measure, used these boom times to hand out humongous loans from public sector banks like candy.

After 2008, it was all downhill. The only remnants of the UPA today are the ghosts of those bad loans. Yeah, that’s the only legacy that Sonia Gandhi’s UPA left behind.

Today’s India no longer fears the future but looks forward to it. Today’s India venerates personal merit and scorns at family privilege. As Modi sarkar privatizes BPCL, the imagery of a woman selling her family gold will no longer work for the opposition. Even Hindi movies no longer use that image. Nobody relates to it any more.

Look who quickly dropped BALCO privatization issue after coming to power in 2004 … because they would now benefit from the prosperity generated by economic reforms.

Untitled.png

This is how India was fooled, cheated and misled in 2004. How Congress opposed Vajpayee’s reforms, then took credit for the fruits.

India has changed a lot. Privatization is no longer a dirty word. GDP growth is no longer a dirty word. But we can never forgive those who tried to hold India back from her future.

Atalji will always be in our hearts. He will live on in our prosperous future.

  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

Abhishek Banerjeehttps://dynastycrooks.wordpress.com/
Abhishek Banerjee is a math lover who may or not be an Assistant Professor at IISc Bangalore. He is the author of Operation Johar - A Love Story, a novel on the pain of left wing terror in Jharkhand, available on Amazon here.  

Trending now

Kolkata’s Telegraph reports satirical tweet as real to show Modi govt banning TikTok in poor light

In a bid to prove that Central government ban on Chinese apps like TikTok was a bad decision, Kolkata based leftist portal 'The Telegraph' today reported a satirical tweet as real.

Here is why and how the Supreme Court got convinced to modify its earlier order and allow Rath Yatra to be conducted in Puri

What transpired before the Hon’ble Supreme Court in the Rath Yatra matter on 22.06.2020 that convinced the Court to modify its earlier order dated 18.06.2020 and allow the annual Rath Yatra to be conducted at Puri?

The Indian Federation of Working Journalists seeks probe into finances of PTI, accuses it of being mouthpiece of Congress

IFWJ urged the govt of India to undertake a judicial inquiry, accusing the PTI management of misappropriation the Govt funds

Pakistan fears new virus spread due to human-animal contact during Bakra Eid, India was infected earlier too

The NIH advisory further states that livestocks should always be examined for ticks and animal herders and sellers should take adequate precautions while examining and treating ticks on the body of animals.

Sopore: Liberal Indian media crosses frightening line

After the Sopore attack, the Indian liberal media moved from being hostile towards Modi sarkar to openly siding with Pakistani propaganda.

Ladakh standoff: India Inc steps up for India, industrialists rise to the occasion to move forward on path of self-reliance

Industrialists like Anand Mahindra, Parth Jindal have come forward and taken a vow to help take India further on the path of self-reliance.

Recently Popular

Fact-check: Was Wikipedia updated with time of Sushant Singh Rajput’s death even before he had died

Various social media users have come up with conspiracy theories surrounding Sushant Singh Rajput's death.

Dubai: Chimera on a spiral towards its death

So are we going to see death of Dubai in 2020, is this the end of it. The answer is no, while the above factors are going to impact Dubai, some of these take a longer-term to play out.

Swara Bhasker starrer web series gets record low ratings, leftist elites claim it is because she opposes BJP, not because it is bad

Swara Bhaskar starrer 'Rasbhari' streaming on Amazon Prime has got record low ratings on IMDb.

Kolkata’s Telegraph reports satirical tweet as real to show Modi govt banning TikTok in poor light

In a bid to prove that Central government ban on Chinese apps like TikTok was a bad decision, Kolkata based leftist portal 'The Telegraph' today reported a satirical tweet as real.

China wrote to Doordarshan protesting Taiwan coverage, DD aired programs on Tibet too

In January this year, the public broadcaster Doordarshan aired a special broadcast on reelection of Taiwanese President Tsai Ing-wen which upset China.

Nandi idol desecrated in Rajkot for “sensational” TikTok video, two people arrested

Police arrest Jayesh Chudasma and Dinesh Mahida for kicking a Nandi idol in Rajkot to make a sensational TikTok video

After senior lawyers refuse to defend TikTok in SC, the company says they have no plan to pursue legal action against Indian govt

TikTok denies media reports they will approach Supreme Court challenging Indian govt's decision to ban them

Sopore attack: Amnesty India preaches laws while blatantly violating the same laws to suit their agenda

Amnesty India has been regularly disclosing identities and photographs of minors, but objects when Kashmir Police did so

Alt News fails to spot a joke about Apache helicopters over Pangong Tso lake, fact-checks it

Alt News fact checks satirical tweet by aviation writer Mihir Shah where he had mocked false claims made by several people on social media

Home Ministry seeks opinions of central armed police forces on incorporating ‘transgender’ as third gender for recruiting officers

If the CAPF authorities agree, this years UPSC exam for Assistant Commander will include transgender as third gender

Sambit Patra holds a mirror to anti-nationals by his Pulitzer tweet, left-liberals expose their hypocrisy by slamming him

Left-liberals, who always use imaged of Children in distress, slammed Sambit Patra for sharing of kid with grandfather killed by terrorists

“Younis Khan had held a knife to my throat for offering batting advice”, reveals Pakistan cricket team’s former batting coach Grant Flower

Younis Khan once attacked Pakistan’s former batting coach Grant Flower for offering him batting advice during a match

Complaint registered against Hindustan Times reporter Srishti Jaswal for her Hinduphobic tweet against Lord Krishna

Complaint filed against journalist Srishti Jaswal for saing that Lord Krishna was womanizer, fuckboi, and commitment phobic maniac

Kolkata’s Telegraph reports satirical tweet as real to show Modi govt banning TikTok in poor light

In a bid to prove that Central government ban on Chinese apps like TikTok was a bad decision, Kolkata based leftist portal 'The Telegraph' today reported a satirical tweet as real.

Taiwan opens office to help people fleeing Hong Kong after China implemented the new National Security Law

Since pro-democracy protests began in the city last year, about 200 people have already fled to Taiwan. Officials in Taiwan are now expecting more asylum seekers after China's National Security Law was implemented this week.

China supplying funds, missiles and other sophisticated weaponry to terrorist group Arakan Army to weaken India and Myanmar: Report

China wants to expand its area of influence towards the India-Myanmar border by arming Myanmar terrorists with missiles

Connect with us

234,260FansLike
396,234FollowersFollow
267,000SubscribersSubscribe