The current Indian government fans are trying their best to belittle the farmers protest. The real reason a lot of rich people are supporting Modi is fearing income tax raid. Everyone who criticises Modi gets a visit from Income Tax department and considering the meagre rate of tax collection in India it’s a nice weapon in the hand of an autocrat.
You can spin in any way as you want, the farm law is a progress in the right direction. People in general are supporting the farm laws and it’s not surprising why
Genuine question, could you please explain how? Most people in my social circle are strongly against them so I only get views from one side regularly, and I would love to understand the other.
- ...that india doesn't need or want (it has surplus in storage)...
- ...and the government is obliged to pay the farmers higher than market rates (MSP = minimum support price) for doing so.
It's unfortunate that farmers have gotten acclimated to this market distortion... but it's simply not sustainable for a poor country like India. India needs a strong food export sector, and in order for that to happen, India's farmers need a non-distorted view of market-demand.
> People in general are supporting the farm laws and it’s not surprising why
Which people? Those who've never entered a agricultural land and will never do so. If there are so supportive - will they pickup agriculture as their fulltime profession?
> The real reason a lot of rich people are supporting Modi is fearing income tax raid.
This may sound like an outrageous propaganda to those not familiar with current indian politics, but is a sad but true fact.
A good example of this is the Rs. 1.5 million suit that our Prime Minister got as a "gift" (that had his name embroidered all over the suit with gold). When he wore it meet Obama, he was criticised for his extravagance and faced accusations of bribery and corruption. To stem off the criticisms, he auctioned it off and claimed all the money had been donated to some charity.
Guess who were forced to bid for his suit's auctions, and buy it? Rich businessmen with huge tax issues:
Hitesh Patel: Diamond millionaire - Bid $690,000 (His firm had been raided by revenue intelligence officers for evading import duty.)
Mukesh Patel: Diamond trader - Bid $320,000 (His firm - M Kantilal and Company - was accused of 1.55bn rupees ($24.9m; £16.19m) tax evasion.)
Lavji Badshah: Entrepreneur - Bid $290,000 (A year before ... about 100 tax officials had raided Mr Badshah's offices.
Kamal Kant Sharma: Entrepreneur - Bid $225,000 (Mr Sharma's company was raided by tax authorities in 2012.)
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[ 2.8 ms ] story [ 31.5 ms ] thread- farmers may grow certain crops...
- ...that india doesn't need or want (it has surplus in storage)...
- ...and the government is obliged to pay the farmers higher than market rates (MSP = minimum support price) for doing so.
It's unfortunate that farmers have gotten acclimated to this market distortion... but it's simply not sustainable for a poor country like India. India needs a strong food export sector, and in order for that to happen, India's farmers need a non-distorted view of market-demand.
Which people? Those who've never entered a agricultural land and will never do so. If there are so supportive - will they pickup agriculture as their fulltime profession?
This may sound like an outrageous propaganda to those not familiar with current indian politics, but is a sad but true fact.
A good example of this is the Rs. 1.5 million suit that our Prime Minister got as a "gift" (that had his name embroidered all over the suit with gold). When he wore it meet Obama, he was criticised for his extravagance and faced accusations of bribery and corruption. To stem off the criticisms, he auctioned it off and claimed all the money had been donated to some charity.
Guess who were forced to bid for his suit's auctions, and buy it? Rich businessmen with huge tax issues:
(Source: BBC - https://www.bbc.com/news/world-asia-india-31546742 ).