Tuesday, January 03, 2012

The ecnomist PM gives away Rs 3600 Crs !

The PM recently agreed to give 12.5 acre piece of land at Indus Mills in Mumbai for an Ambedkar Memorial, as per the demands made by RPI and assorted other political parties.

As reported by the TOI toady, this property was worth Rs 3600 Crs, basis the redevelopement potential.

Was another memorial to Ambedkar needed in a country where millions go hungry - irrespective of their caste or creed [ or the reservations provided / denied to them in jobs , education etc] ?

Are we so bankrupt of  productive intent / effort / ideas to not put such a valuable piece of property to a tangible benefit of the socitey, especially a poor , deprived society such as us?

Is it not a loot of public property to serve narrow political purposes ?

Which school of economic thought did the PM adhere to while granting this gift for such a purpose ?

While courts may have upheld Mayawati's actions of building various parks and memorials to be legal, I don't think such a misuse of public exchequer and property would ever be teneable in a court considering morality and propriety.