More skeletons are tumbling out of the cupboard of UPA-2. Corruption charges like never before have dented the image of the coalition. As if the corruption charges that have already come out are not enough, new ones are getting out from the darkness of obscurity to the light of public discourse. It has already received the name of being the most corrupt government in the history of independent India. However the most curious thing about this dubious distinction of this government is that it is headed by a man, Dr. Manmohan Singh, known for his personal integrity; a man on whom even the most valiant opposition politician may think a million times before pointing an accusing finger of even a minor wrongdoing or dereliction of duty.
The reputation of the UPA 2 is so much besmirched with corruption scams that people have lost count of it and adding to it, each single day new scams are coming out causing nightmares for the Prime Minister Manmohan Singh. Commonwealth games scam, Adarsh flat scam, corruption in 2G spectrum allocation, corruption in the allocation of S Band, reneging on the promises made on a strong Lokpal bill and the fickleness of the government in taking actions on bringing back black money stashed away in Swiss banks etc. have all made this government a laughing stock. As a result of these corruption charges, the government has failed to gather enough courage to go ahead with governance and is not confident enough to take bold initiatives that could result in the economic and societal development of the country.
The Prime Minister Manmohan Singh has become only the shadow of the man who took bold initiatives in the early 1990s to liberalise the economy and bring in fresh lease of life to a sinking Indian economy. He was bold in his decision making and brought in fresh changes in the way business was done in the country. From the dark ages of ‘licence raj’ India got into a very energetic and vibrant globalised business system. By thwarting all opposition made by the leftists in the country, who could only oppose his ideas but could not bring any alternative for wealth creation and was only able to come up with economic ideas that could only help in 'equitable distribution of poverty', Manmohan Singh brought in economic reforms. However now he is rather silent – either he is hand-tied or he has no courage left in him to bring about big changes in the Indian economy and hence the economy is struggling. Statistics show that foreign direct investment declined by 25% in 2010-11 compared to previous year. Domestic investment is also in the decline and many Indian companies are looking to investment opportunities abroad. Because of the recent scams government machinery has become so ridiculously risk averse that it is not ready to make investment and hence government spending has become minimal. Inflation is rising to dangerous level and Reserve Bank is making all efforts to control it by changing the bank rates, but from the government’s side no fiscal policy measures have been declared to tame the inflation.
If Dr. Manmohan Singh and his government become so timid and cowardly in their governance then India is in for a big trouble in the near future. Lot of work remains to be done in the various sectors of the economy. The government needs to make more investments in the agricultural sector to improve the storage and transport, so that we can avoid a situation where grains are rotting at a place when thousands are dying out of poverty in various parts of the country. We need to speed up building roads and increase investment in other infrastructural projects like power sector. There is an urgent need to spend money by the government but checks should be made more stringent to make sure that corruption becomes the exception and not the rule (wiping out corruption completely in a democratic system like ours is a difficult task indeed). Investigation on the corruption charges should be done scrupulously but it must not turn into a witch-hunt of the honest.
One of the most honest politicians of our times, Dr. Manmohan Singh has certainly got his task cut out. But it is very important for him to make sure that his government doesn’t go down in the dustbin of Indian history. It would certainly be a sad thing, a certain deviation from the maxim of natural justice, if the most incorrupt politician, the architect of India’s economic reforms program, is remembered only as the head of the most corrupt government in the history of the country.
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