Friday, July 28, 2006

Govt of India as village money lender

I’m still at Tipaimukh dam, sorta continuation of yesterday’s post.

Actually, I’m in the mood of shocking you. As in shock therapy.

See, NHPC, deploying the potential of our own Loktak, has now billed us for using the power generated!

How much?

To the tune of Rs 120 crores!

The people of Manipur has now to pay Rs 120 crores to the Govt of India for using the potential of our own Loktak.

How much they invested in the whole project at that time? 100 crores of Rupees? May be!

Agreed that the party which has made the investment should enjoy reasonable return on their investment. That the party should enjoy their rightful ROI must be within some parameters, basing on some commonly accepted norms. In our case, as demonstrated in Loktak project and likely to be repeated in Tipaimukh, there is neither the parameter nor the norms. There is just the sweeping one-sided contract which stipulates that we should get only some fixed percentage of the produce of the project with having to content with no SAY either in the functioning or the distribution of the profits, of the whole project for eternity. I mean, for ETERNITY.

This is grotesquely usurious.

This deal (which will almost certainly be repeated in the case of Tipaimukh) reminds me of Indian village money lenders. Back in college we were taught that they were (and still are) the efficient saboteurs of the normal functioning of rural economies. I’ve still got the idea that they are evil.

Now, the Government of India, comfortably hiding behind varied corporate masks, is on the prowl threatening to force terms, which are more usurious than the EVIL village money lenders, in unsuspecting peoples’ throats.

Isn’t a good logic to conclude that we are confronting an entity more EVIL than the village money lenders?

And, it’s everybody’s business to struggle to nip the EVIL DESIGNS in the bud.

Say NO to Tipaimukh.

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