1. How to beat China? Bihar CM Nitish Kumar offers 3-point formula

How to beat China? Bihar CM Nitish Kumar offers 3-point formula

Bihar Chief Minister Nitish Kumar has some good advice for India if it wants to race ahead of China in terms of economic development.

By: | Updated: November 29, 2016 6:12 PM
nitish kumar, china, prohibition, benaami properties, narendra modi, liquor ban, all india prohibition, nitish modi, modi nitish, njp, jdu, demonetisation effect, how to beat china, demonetisation, note ban, currency ban, demonetisation news, note ban news, india news, financial express Bihar CM Nitish Kumar has openly supported Prime Minister Narendra Modi’s demonetisation decision announced on November 8. (PTI file)

Bihar Chief Minister Nitish Kumar has some good advice for the country if it wants to race ahead of China in terms of economic development. He has suggested a three-point formula in this regard — that is demonetisation
followed by a clampdown on ‘benaami’ properties and the imposition of total prohibition in the country.

The Bihar CM has openly supported Prime Minister Narendra Modi’s demonetisation decision announced on November 8. Kumar now believes that demonetisation has the potential to make India more prosperous than past, provided the note-ban is followed by an attack on ‘benaami’ properties and a ban on the sale and consumption of liquor in the country.

Speaking to reporters in Patna on Monday, Kumar had said demonetisation alone would not achieve the desired objective of curbing black money in the country. Instead, it should be accompanied by the seizure of ‘benaami’ properties and prohibition.

“Demonetisation, prohibition and attack on ‘benaami’ properties can help India go ahead of China,” Hindi Daily Prabhat Khabar quoted him as saying.

“From childhood, we all have wanted to become more developed that China. To beat China, these three must be implemented,” he added.

While many in the country, especially those living in urban centres would ridicule Kumar for even suggesting the imposition of prohibition, the idea does have a sound economic logic. India is still a predominantly poor country and crores of people waste their hard-earned money on liquor consumption every day.

If prohibition is imposed, people would have more cash in their hands. Moreover, they would live a healthy life. This, however, may sound a bit idiotic or useless to the comfort-seeking middle and upper classes of India.

On several occasions after demonetisation, PM Modi has indicated that note-ban is just the beginning of his government’s war against corruption and black money. He has also hinted at an attack on ‘benaami’ properties. However, any action against such properties cannot be taken before the cash crisis in the country following the note-ban is resolved.

In the last two years, Modi government has worked extensively to prepare a legal framework to get back black money hoarded by Indians in foreign banks. PM Modi today asked all its MPs and MLAs to submit details of their bank accounts. This is being seen as a significant step at a time when demands of making political expenditures are becoming stronger.

  1. S
    Sriram
    Nov 30, 2016 at 1:20 am
    1) Cash Cap of Rs.2000/- per week from 01/01/2017. Reduces Black Money and Corruption.2) Electronic Money Transaction must be the norm. Economic status of the person is known and eradicates bogus cards and subsidies. Also impacts Corruption.3) Apply Transaction Tax, so that every citizen automatically pays Tax. Remove Income Tax and all other Taxes except GST and Customs Duty.4) Corruption - Both the Giver and Taker must be punished equally. Enact Life Imprisonment and Property Confiscation laws.5) Enact that Property Tax goes exclusively to the development of Local Govt. Schools and Hospitals which must be administered by Social Committees so that they are on par any private enterprise.6) Impose Liquor Prohibition - Health is Wealth. Lessens Crime and helps social stability.7) Abolish all Subsidies and encourage People to Work Hard and not be Lazy. 8) Make subsidies available only for Old and Handicapped economically weak people.9) Abolish all kinds of Reservations which is a bane to the Talent of the Country. Instead provide support - financial or otherwise - to all economically weak students to study on par with any one. Thus the precious Talent is not lost in the insane politics of reservation.
    Reply
    1. C
      CRK D
      Nov 29, 2016 at 1:56 pm
      Dictators love and admire each other
      Reply
      1. S
        Samir Shah
        Nov 29, 2016 at 3:56 pm
        The two years of Modi government has changed the face of the country nationally and internationally. He really rocks, would hope he remains as the PM of india for the next couple of terms.We would then be one among the developed nations of the world instead of being called as Emerging markets.
        Reply
        1. M
          Murali dasa
          Nov 29, 2016 at 11:47 pm
          You need not be anti-national; You can be ignorant.
          Reply
          1. M
            Moorthy
            Nov 30, 2016 at 1:20 pm
            For doing good things the dictators are absolutely required.not people like mannu Mohan theay will derail the nation.
            Reply
            1. P
              prashant
              Nov 29, 2016 at 2:57 pm
              @CRK D, You are talking against PM, Then you are Anti-National, Your Views are Anti-National. This is what happening in this Country
              Reply
              1. R
                Raj
                Nov 30, 2016 at 12:48 am
                I will give one point formulae. Just remove nitish, mamatha,rahul,mayawathi mulayam from indian politics. Then we can beat not only china even america we can beat.
                Reply
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