The Coming Days.

The service-tax is an alternate to excise duties. Government avails both.
2. It is also very heartening news to know that the FM has promised to redraft and simplify the
Service Tax Act. In fact, the levy of service-tax, in an underdeveloped country. like India, is an
unjust levy, if not impossible to implement. The Constitution writers had thought fit to levy it
after a period of fifty years, presuming that by that time the country would have satisfactorily
come out of the status of an under-developed country. This has not happened. So levy of
service-tax also should not happen. Anyway. The Government has left no field uncovered
in levying the taxes. TAXES ARE TEARS OF A BILLION PEOPLE. They are sacred.
3. "Coming events cast their shadows before."
4. Olympic Events and such world-gatherings prove useful, from the point of view of contacts,
general gossip, over and above the excitement of results of sports-events. At Beiging 2008
Olympic Games, dignitaries from the world over had gathered. It is reliably learnt that one nation-
a world-power, has plunged into a global monetary-financial collapse, worse than any financial-
crisis we have ever witnessed. This will bring in world-wide rescession. Our country is facing similar
symptoms. Purchasing power of the people is dropping. Now is the time to strengthen the hands of the party in power. Forget all your ambitions. Forget all your differences. A time has come for all political parties to shelve their differences. Do not put bumps. Do not put road-blocks. Do not organise strikes.
Whatever the present ruling party is, give them a chance to do something. Our very existence is at a stake. India as a nation, today, stands at the thrasholds of breaking up- at its worst of the circumstances of its life of fifty-eight years. A sort of national calamity is in the offing. Emergency measures are required to combat it. United we stand, divided we fall.
5. The Government has to take measures - the country has to make a U-turn, we have to continue
to remain a great producer-nation; do not forget we have one billion mouths to feed. We were able
to push through the mechanisms of international, monetary-financial and free-trade system.
It is our ill luck, we are about to largely destroy our system of agriculture
and industry by natural calamities like monsoon failure, and strikes and boycots. The states have
to give up their regional interests and agree to link our main rivers for the sake of prosperity of the country.
Our achievements which had been the objects of envy of many a world-nations, are about to be lost in vain.
Some big-power is interested in magnifying our miseries, to prove that they were right in their forecasts about us- about their ill-spoken predictions about the fate of our country after Independence. According to them, we were not fit for Independence. They may be true in propagating that our farm-houses,industries our health system, our education system,
the basic economic infrastructures in all fields have been ruined and mismanaged. We have to make a collective effort for this.
We have to accept this stricture as a challenge. To some extent they are right. Nothing is impossible if we stand united.
Let us all give it a try.
6. The Government has to assert itself, the power of the State- to put, bankrupt private financial systems, all the PSUs, various Boards, into receivership, in order to re-organise the entire set-up. We have to set-up an Indian system of political-economy suitable to the needs of the country and not as per the guidelines laid down by the world-bank. The Air-India, Indian Air-lines, ONGC, Railways, Post & Telegraphs, Telephones, all state-owned-corporations, Boards, are bankrupt. Overheads are mounting. They are dead elephants. Accept this reality. It is painful. Restructure the entire set-up- small but compact. All co-operative banks have to be winded up. Formulate a powerful monitoring system. You should know everything. It is your-our money they have played with. Now never. No more. Put an end to all these cases of mis-appropriation of public money. They have to be accountable for their failure to protect public- money. Everyone in the line
of heirarchy is responsible in respect of all the above fields. They have to be dealt with firm-handedly. Put all these details in the newspapers. Let the people know them. This is a punishment. People shall boycot them as swindlers of peoples' money. Hand over this task to the Supreme Court and the High Courts. They can set-right the affairs of the country. That is only the solace left, that the Judiciary is there. Touchwood.