Rs1 lakh crore of public exchequer at God’s will. Will be recovered or not, is anybody’s guess?

The revelation of about hundreds of private companies and corporates being the willful defaulters having put to loss a staggering amount of one lakh crore or even more during the last few decades not returning the same intentionally though many of them could have done so, unambiguously speaks of the fact that these heavy defaulters are in league with the powerful people in the system and had conveniently managed to siphon off such a huge amount of the public exchequer without any fear or terror of law.

Just imagine, on the one hand thousands of farmers had committed suicides in our country and are still doing so for not being able to repay just a few lakhs or thousands of rupees due to genuine drought or short rain cycle that results in the subsequent production losses and on the other hand the rich, affluent and the privileged corporate houses and industrialists willfully hang on the lakhs of crores of government money thus not only making mockery of our system but leading the country towards economic backwardness.

But the question is, who is to be actually blamed for this huge lapse, the government agencies, the banks or the corporates/ industrialists. The answer is simple, all the three of them. There have been hundreds of instances that the goons and bouncers of banks and financiers find it too easy to harrass, victimise and even thrash the farmers, youths, students and even woman and forcibly take back/ consficate their financed vehicles, tracters etc for the failure to pay even few inslalments due to some genuine constraints but in the case of these powerful and highly rich the system falls on their feet, obnoxiously, at the expense of the nation’s interest.

It really sounds shocking and higly deplorable that Vijay Mallaya, Nirav and Lalit Modi flee the country after duping banks of several thousand crores and so are many others and now a new shocking revelation comes that hundreds of such sharks have willfully defaulted the government of more than one lakh crores of rupees, the massive amount that could have resolved the financial crisis of 80% of our farmers and resurrected the health related conditions of our country’s 90% of the population having covered them under insurance umbrella of social and health security.

Why is it that we’ve been tolerating these economic offenders for so long knowing very well that its a hard earned tax payers money of public exchequer. Why is it that the economic offences wing, the CBDT, the ED, the IT department and departments like revenue intelligence didn’t take any action. And why is it that now the skeletons are being explored, diclosed and made to fall down from the cupboards, daily?

The point is clear. The national election are nearing and the people of the country need an answer made during the pre polls, four years ago. Hope the government of the day succeeds in retrieving this one lakh crore at the earliest and uses it justifiably for the welfare of the farmers and the underprivileged sections of the society. If not now it will really, never be in the future? What’s your take friends?
SUNIL NEGI