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EDITORIAL One can't really appreciate the fuss over the Government's decision to lease the land in the famous hill resort of Gulmarg. It has been taken in the best interests of the State. It is motivated by the intention of facilitating the construction of hotels and other resorts for the comfort of tourists. What is wrong with that? It is not the first time that such a step has been taken. Right in the heart of the Summer Capital an imposing hotel building stands along side the Dal Lake as a telling monument of the wonders that outside expertise and investment can work. Many industrialists have set up units in the Jammu region especially. They are contributing to the prosperity of the State apart from expanding avenues of employment. There is little merit in the objection raised by...more One of the weapons to damage an enemy country is to subvert its economy. Fake currency is one of the tools that are employed for the purpose. It eats into the financial system like a termite. It is not surprising, therefore, that those opposed to our nation have been desperately striving to inject this poison into our dispensation. A positive streak is that they have not succeeded so far. There is no doubt that they will fail in the future too because our structure has several inbuilt advantages thanks to our planners. What is regrettable is that there is no method yet by which it is ensured that there are no sufferers at all. The end recipients are bound to experience the heat and loss both. Of late there have been a series of reports about the people having been caught with ....more |
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By Arun Nehru The three Assembly elections will now dominate media attention. Bihar and MP by elections have gone in favour of the BJP/JD[U] and there is a revival in the fortunes of the BJP and this trend may well continue in Punjab where the Akali Dal/BJP combination are running ahead of the Congress and in Uttaranchal the BJP have a distinct edge over the Congress but the BSP/UKD may get sufficient seats to ensure a coalition structure in the . . ...more By Tushar Charan Forget Indias boundary dispute with China and Pakistan or the absence of a transit treaty with Bangladesh or, for that matter, any other dispute with our sovereign neighbours. India, it appears, is unable to contain eruption of frequent bickering between states within the country over relatively smaller issues. Inter-state sharing river waters and redrawing of boundaries on the basis of language spoken on border.. .......more By Dr Bharat Jhunjhunwala Dr Manmohan Singh claims the heritage of Gandhiji. He traveled in the rail compartment from which Gandhiji was thrown out in South Africa with much fanfare. But is he following the policies suggested by Gandhi? Gandhi was a strict proponent of economic sovereignty of the country. His thinking can be best understood by comparing with that of Dadabhai Naoroji and Jamshedji Tata. ......more |
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EDITORIAL One can't really appreciate the fuss over the Government's decision to lease the land in the famous hill resort of Gulmarg. It has been taken in the best interests of the State. It is motivated by the intention of facilitating the construction of hotels and other resorts for the comfort of tourists. What is wrong with that? It is not the first time that such a step has been taken. Right in the heart of the Summer Capital an imposing hotel building stands along side the Dal Lake as a telling monument of the wonders that outside expertise and investment can work. Many industrialists have set up units in the Jammu region especially. They are contributing to the prosperity of the State apart from expanding avenues of employment. There is little merit in the objection raised by proponents against leasing out the land. According to them, it amounts to "invasion". This is ridiculous to say the least. It is true that the land like government jobs in Jammu and Kashmir is meant only for the State subjects. It is a hangover of princely days that continues till date. One is not going into its merits at this juncture. The fact is that such a legal provision does exist. That does not mean that subsequently another law has not been formulated to provide for lease of 99 years. This was necessitated by the need for inviting monetary inflow to prop up the State's sagging economy. It is true that it has not worked satisfactory. One reason for this is that like all good things its implementation also had come to a halt because of the menace of terrorism. At the same time it has been seriously hit by bureaucratic lethargy, inefficiency and corruption. It is only too well known that an enthusiastic multi-national investor had come to the State only to withdraw in sullenness. Another found the government apparatus going back on its commitment and had to evoke the judicial intervention to rescue his money, material and operations. Efforts should be to get rid of the ills afflicting the dispensation. One finds instead a desire to undo a sound move. Can there be a more powerful example of throwing the baby out along with the bath water? It needs to be remembered that this is an era in which political barriers are giving way to the craving for overall economic prosperity. People and countries are burying their animosities. Even Communist countries have realised that they can't survive with their outdated economic philosophy: they have loosened their iron fist over private enterprise and property. China has emerged as the most outstanding instance in this behalf. Clearly it is being wiser. It does not say so but ostensibly it has learnt correct lessons from the collapse of the erstwhile Soviet Union. Its insistence on "pragmatism" explains that it is a conscious decision on its part to join the race instead of being left out of it. The European Union, of course, has emerged as a formidable combination by now. It is not for nothing that India and Pakistan both are keen to bury the hatchet. Although the irritants remain the two neighbouring countries have veered around to the perception that only jointly they can develop their region into an important financial market. Their added strength is their common past and heritage. Unfortunately in our State politics takes precedence over everything else. It is ironical that it has become a profitable avocation while the genuine tools of development have taken a back seat. One finds it amazing that the Congress should develop cold feet after having taken a bold step. Its flip-flop attitude will not help. Likewise it is hardly the issue that the National Conference should use to pick holes in the People's Democratic Party. The State's premier political outfit should instead take the credit that a measure it had originally conceived and taken stands vindicated. Likewise the PDP should encourage the move if it truly wants to achieve its objective of making the State prosperous. In any case it is extremely odd that mainstream outfits should join the separatist camp to whip up local passions. Their utterances and demonstrations can have only a temporary effect. Younger persons are moving much faster these days than political parties and their ideologues think. Thousands of boys and girls have moved out of the State and are working in premier institutions elsewhere. It takes them some time to settle down in their new surroundings and get remuneration commensurate with their education and experience. They know fully well that they will profit more if either they have or create matching opportunities on the home turf. They will not tolerate any person or party coming in the way of their aspirations. It is only a matter of time before they strike. The writing on the wall should be clear to all those creating hurdles in this case. If they can't invest in the well being of emerging generations the least they can do is to let those help who have the requisite will and resources to do so. One of the weapons to damage an enemy country is to subvert its economy. Fake currency is one of the tools that are employed for the purpose. It eats into the financial system like a termite. It is not surprising, therefore, that those opposed to our nation have been desperately striving to inject this poison into our dispensation. A positive streak is that they have not succeeded so far. There is no doubt that they will fail in the future too because our structure has several inbuilt advantages thanks to our planners. What is regrettable is that there is no method yet by which it is ensured that there are no sufferers at all. The end recipients are bound to experience the heat and loss both. Of late there have been a series of reports about the people having been caught with counterfeit currency in the State. Being in the border region we are more vulnerable to dirty tricks being played by those seeking to weaken our nation. The latest disclosures are without details about the alleged or perceived source of bogus money and how it has changed hands. In any case these are not entirely new occurrences. Even printing presses have been seized earlier in the process of bringing out false rupee notes. Counting of every note is not possible while handling large sums. It is understandable. The minimum that one can do is to be watchful while transacting business with the new faces.
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