Waste of a whole decade.

In a meeting with public sector bankers our most revered Finance Minister said," Based on a discussion with banks, as many as 215 private projects having an estimated capital requirement of Rs 7 trillion, out of which banks have already disbursed Rs 53,000 crores ( 530 billion ), have stalled." Livemint, 7 June. " In the next line, we have 126 projects totalling Rs 3.5 trillion. In total, we have 341 projects where we can invest Rs 10.5 trillion. The numbers of stalled projects are staggering. The first step before this country is to kick-start these projects," he said. Question is what was your government doing for the last 9 years that the Congress has been in power? Why are you staggered 1 year before the elections when the economy is floundering on sky high inflation, uncontrolled Current Account Deficit and a free-falling rupee because of your cynical waste of money? According to data compiled by the Ministry of Statistics and Programme Implementation, 103 Union government infrastructure projects costing more than Rs 150 crores ( 1.5 billion ) each have been delayed between 4 and 20 years, until the end of March 2013. When you have 53 ministries as bribes to various parties to hang on to power nothing will get done because each minister will want to show how powerful he is by blocking others unless he gets a share of black money collected by them. India desperately needs roads and reliable round-the-clock electricity supply before businesses will invest in new projects. You need land to build roads but with a population of 1.2 billion every inch of land is occupied. The only way to prosper is to bring down the numbers of people as China has done with its one child policy. We cannot use force as the Communist dictatorship can but we can encourage people not to breed by linking social schemes to fewer children. But that will mean an end to buying votes to win elections. India is sitting on at least 250 billion tonnes on coal but mines were allotted to friends and family members who had no knowledge of mining and just sat on the allocations hoping to make a killing from rising prices, so we are having to buy expensive coal from abroad for electricity. " These projects will be tracked, followed through, and implemented, and I want banks to work closely with this committee. You have a self-interest in doing so because your money is stuck," said Mr Chidambaram. Correct. Banks are already reeling from bad loans of Rs 1.79 trillion and have been told by the Reserve Bank to stop lending to defaulters. An entire decade has been wasted because of a bunch of scoundrels who put self before country. Traitors.