
In an article, NV Subramanian calls out Manmohan on a very poor demonstration of leadership and says that the FDI was a diversionary tactic. This is where the Raman article is interesting which claims the following:
Some retired senior officials with whom I had discussed this in Delhi last week attributed the haste displayed by the Congress to its urgent need for funds for the UP elections next year. They alleged that some corporate houses, which would be the main beneficiaries of the FDI decision, were expected to be the main contributors to the coffers of the Congress for the UP elections. According to them, the determination of other political parties to prevent the Congress from financially benefiting from the decision before the UP elections accounted for their obduracy in preventing the normal functioning of the two Houses.
There is no reason the doubt the veracity of Mr. Raman’s information. This means that the FDI in retail was just another huge scam in the making. It is not only criminal but also cruel that the Congress is treating the Indian taxpayer’s money and Indian Infrastructure as an ATM. The Indian voters are being punished for their mistake of electing the Congress. However the punishment has far far exceeded the crime. It is cruel and unusual.
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