News Update

 
Fruits of economic growth should not become monopoly of privileged: President Mukherjee

By TIOL News Service

NEW DELHI, JAN 26, 2013: WHILE addressing the Nation on the occasion of 64th Republic Day, the President of India, Mr Pranab Mukherjee, did some plain talking in his first speech. He raised many fundamental questions confronting the youth today. He said, "We are on the cusp of another generational change; the youth of India spread across villages and towns, are in the vanguard of change. The future belongs to them. They are today troubled by a range of existential doubts. Does the system offer due reward for merit? Have the powerful lost their Dharma in pursuit of greed? Has corruption overtaken morality in public life? Does our legislature reflect emerging India or does it need radical reforms? These doubts have to be set at rest. Elected representatives must win back the confidence of the people. The anxiety and restlessness of youth has to be channelized towards change with speed, dignity and order.''

Mr Mukherjee observed that the young cannot dream on an empty stomach and they must have jobs capable of serving their own as well as the nation's ambitions. ''It is true that we have come a long way from 1947, when our first Budget had a revenue of just over Rs.171 crore. The resource base of the Union government today is an ocean compared to that drop. But we must ensure that the fruits of economic growth do not become the monopoly of the privileged at the peak of a pyramid. The primary purpose of wealth creation must be to drive out the evil of hunger, deprivation and marginal subsistence from the base of our expanding population,'' he added.

It appears from the President's speech that he has distantly extended his weight to the Finance Minister's view to levy a fresh tax on the super-rich, who must contribute more to bridge the widening resource gap of the Government resources.

The President further said that the last year was a testing time for India. ''As we move ahead on the path of economic reforms, we must remain alive to the persisting problems of market-dependent economies. Many rich nations are now trapped by a culture of entitlement without social obligations; we must avoid this trap. The results of our policies should be seen in our villages, farms and factories, schools and hospitals. Figures mean nothing to those who do not benefit from them. We must act immediately, otherwise the current pockets of conflict, often described as "Naxalite" violence, could acquire far more dangerous dimensions,'' he added.

Referring to the recent gang-rape case in Delhi he said, "The brutal rape and murder of a young woman, a woman who was symbol of all that new India strives to be, has left our hearts empty and our minds in turmoil. We lost more than a valuable life; we lost a dream. If today young Indians feel outraged, can we blame our youth? There is a law of the land. But there is also a higher law. The sanctity of a woman is a directive principle of that larger edifice called Indian civilization. The Vedas say that there is more than one kind of mother: birth mother, a guru`s wife, a king`s wife, a priest`s wife, she who nurses us, and our motherland. Mother is our protection from evil and oppression, our symbol of life and prosperity. When we brutalise a woman, we wound the soul of our civilization.''

The President called for resetting the moral compass. "Nothing should be allowed to spur cynicism, as cynicism is blind to morality. We must look deep into our conscience and find out where we have faltered. The solutions to problems have to be found through discussion and conciliation of views. People must believe that governance is an instrument for good and for that, we must ensure good governance,'' he added.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.