17 - Sep - 2020

"Ease of Doing Business" is nothing but "Ease of Looting".

The mega bank fraud, in which diamond merchant Nirav Modi has cheated the Punjab National Bank to the tune of Rs.11,300 crore has shaken the country. This scam has dented the image of the Modi government, which had been claiming that no major scam has taken place in it’s rule. While the Congress Party is utilising this scam to attack the BJP government, the latter is trying to escape by saying that, the fraud actually started during the rule of UPA government. But, what is more important to note here, is the policy of economic liberalisation followed by the UPA government, and which is being implemented more aggressively by the BJP government now. It is this economic policy, which has enabled the big corporates to loot the natural resources of the country, including the hard earned money of the people. The Modi government takes pride in claiming that it has implemented “Ease of Doing Business”. This has become “Ease of  Looting” for the big corporates.