Thursday, March 22, 2018

Foreigners are welcome to take over.

"The Lok Sabha has passed without debate, a bill that will exempt political parties from scrutiny of funds they have received from abroad since 1976," was a news report on 19 March 2018. Any company with less than 50% foreign share holding will no longer be seen as a foreign company. The most important point about this shameful legislation is that all politicians were in agreement. "With the Finance Bill retrospective amendment, even foreigners may be able to fund politics in India, who knows," wrote A Ranade. "Just when the US is grappling with allegations of foreigners 'hacking' their presidential elections, India seems to have enabled this." This amendment was necessary because, "In 2014, the Delhi high court found both the Bharatiya Janata Party (BJP) and the Congress guilty of having accepted donations from a foreign company, in breach of FCRA 2010."  FCRA stands for the Foreign Contribution (Regulation) Act 2010, which states, "Any organisation of a political nature and any association or company engaged in the production and broadcast of audio visual news or current affairs programme have been placed in the category prohibited to accept foreign contribution." The act is meaningless because foreign news channels are freely available on television and now political parties have been exempted. The real purpose of the act is to stop NGOs from receiving funding from abroad, which has come down from Rs 178 billion to Rs 65 billion. Registrations of 18,868 NGOs have been cancelled. Even the NGO of Mary Kom and Rajiv Gandhi Charitable Trust are under suspicion. Political parties are exempt from paying income tax and are outside the Right to Information Act. India's enemies can now form political parties through local agents and channel money from abroad. It also facilitates money laundering by the hawala route by politicians. Earlier this month the government informed the Supreme Court that 1,765 out of a total of 4,896 members of parliament and state assemblies, that is 36%, are facing 3,045 criminal cases. No wonder they need immunity to launder their money. To avoid any question they accuse honest taxpayers as thieves and keep increasing tax burden on them, wrote Pai and Krishnan. Tax terrorism is worse under the present government, wrote the same authors. Disputes regarding corporate tax has increased by 44%, from Rs 1.44 trillion in 2014-15 to Rs 2.08 trillion in 2016-17, and disputes in individual income tax has increased from Rs 0.63 trillion to Rs 1.79 trillion over the same period. Criminals love to become politicians in India and we Indians love criminal politicians, found M Vashnav. India was under foreign rule for over 1,000 years and foreign powers can now take over the country once more. Quietly and peacefully.

No comments: