Tax exemptions and incentives to corporate houses have resulted in a revenue impact of Rs 62,398.6 crore to the exchequer of Indian Government in 2014-15. It is 8% higher than the previous fiscal's.
However, the government feels fund crunch for social sector programmes like Mahatma Gandhi National Rural Employment Gurantee Act (MGNREGA) and public health which have seen allocation cut in the union budget. Further, the government has reduced 30% funding for agricultural research which will necessarily affect agriculture sector in the future. Famers’ suicide and the huge concessions to the corporate houses have very deep relations.
The first job of the government was to ban funding of Greenpeace which has been fighting for environment in India. In the recent years, the organisation was the major hurdle in front of transferring forest lands to the corporate houses. Now, Greenpeace is about to shut its operations in India. After reining in Greenpeace, the government transferred 370 acres of forest land to Adani Group in Maharashtra. In one year, Adani group was also the first beneficiary of one billion dollar loan from public sector bank, State Bank of India. However, the bank later turned down the offering.
Within one year, it is now crystal clear that for whom the government is working. A person, who has a little bit of conscience, can understand the truth. It is going to be a big disappointment for the people who voted BJP for development. However, it doesn’t matter for the people who voted the ‘superhero of Gujarat riots’ on the name of Hindutva as the government has already deployed some ministers and parliamentarians to deliver hate speeches on regular basis to satisfy their ego.