LET US MARCH FORWARD
IN THE REVOLUTIONARY PATH SHOWN BY COMRADE TARIMALA NAGI REDDY.
By July 28, 2016
forty years have elapsed since the martyrdom of our beloved leader
Comrade Tarimela Nagi Reddy. This is the solemn occasion to
commemorate and memorise our great leader by recollecting for what he
fought and strove through his entire life and died and to pay our
homage to our beloved leader Com T.N, by rededicating ourselves to
the revolutionary tasks in the light of the path shown by him and his
teachings.
Com T.N is a great
revolutionary-communist leader. He is an exemplary Marxist-Leninist
intellectual. His sole and life-long objective was to resurrect the
great glory of the Indian people and the Indian nation. Thus he was a
patriot of the highest order. He has shone as a hero in the field of
revolutionary politics of India. He was a great person who sacrificed
every-thing in his life to the cause of Indian revolution. He is one
of the best proponents of the theory of communist revolution in
India.
He has studied in
detail and depth about the pitiable conditions and their cause which
have been looming in India even after a period of so-called
independence of India in 1947 and analysed them with a true
Marxist-Leninist perspective. He reached to the irrefutable
conclusion that only transfer of power has occurred between the
British colonialists and ruling-classes of India in 1947, but not
independence to India in 1947.
He has concentrated
his attention of his study particularly on the role of foreign
capital in India; and its adverse effects on Indian economy. He had
drawn the correct conclusion that inviting foreign capital to India
is nothing but inviting imperialist exploitation, and total
submission to imperialism.
He proved that even
after 25 years of the so-called proclamation of independence,
economic independence of India has become a mirage. He, with his
astute analysis, has proved that India is still a semi-colonial and
semi-feudal country. Basing on these conclusions drawn by him, he
considered the Indian National Liberation struggle has not yet
concluded and he explained that it is the duty of Indian people to
continue the struggle with steadfastness and vigour. Teaching that
the Communist revolutionaries of India have to re-build the
revolutionary Communist Party, with the discipline of the past, with
selfless sacrifice, basing on strong foundations of proper theory and path and have to
build a strong revolutionary organisation.
Throughout his life
Com. T.N. has tirelessly strove to realise this objective with utmost
dedication. Through his court-statement called ‘India Mortgaged’
he proved the inevitability and the imminent necessity of a new
democratic revolution to occur in India. The formulations made by Com
T.N. and the conclusions drawn by him are as relevant today, as when
they were made 45 years back.
He had properly and
fairly warned that the foreign capital and investments in India,
instead of causing the development of Indian economy would drain the
wealth of India in different forms, and that poverty, illiteracy and
unemployment in India would increase in to unimaginable proportions.
He categorically and
clearly warned that with the foreign capital and investments in India
will fall in to total dependence on foreign powers (imperialists).
Basing on the available data on the flow of foreign capital in to
India by 1972 itself and on the details of its impacts affecting
Indian economy, he properly concluded that ‘India was mortgaged’
to foreign capital.
In these 40 years
after the demise of Com T.N, to facilitate the easy flow of foreign
direct investment into India, the gates have been fully opened. To
facilitate the free exploitation of India by foreign direct capital
more opportunities, protections and exemptions are provided. To
provide a dominant role to the foreign direct capital in Indian
economy, the main lifeline of the people of India-the agricultural
sector has been totally neglected and forcibly pushed into severe
crises. The base for the sustenance of farmers (peasants)-the
agricultural arable land-is being forcibly acquired by the government
and is legally being donated to the big-capital, multinational giant
corporates to pursue their real estate ambitions or corporate
farming. For the protection of the interests of the FDI, the
constitutional rights of the people of India are being rescinded
(abolished) and withdrawn.
In a systematic
process, now 100% of FDI entry is admitted into key and important
sectors of our country. The legal
restrictions and laws regulating the entry of FDI are totally
removed. Into the fields of defence,
pharmaceutical and drug manufacturing, civil aviation, single brand
retail sector, e- commerce sector in food products the entry of 100%
of FDI is permitted.
Now, inviting the
FDI, protecting the interests of FDI and making it happy has become
the sole objective, purpose and duty of the central and state
governments of India. Previously only the central government is used
to permit and decide the fields in to which the FDI is allowed and
regulate it. But presently even the rulers of the state governments
are touring foreign countries and inviting FDIs in to their states
with a begging bowl in their hands. All this is happening under the
pretext of federalism and in the name of supplementing domestic
capital, technology and skills for accelerated economic growth.
But in reality
neither the economic growth is occurring nor the technology nor are
skills being transferred to India. The very experience of our country
is proving that the FDI is controlling our economy and that the
technology is not being imparted and made available to our reach.
Due to the FDI flow
into India instead of the reduction of the problem of the balance of
payments, it has been increasing day by day. Had there not been the
home remittances of the poor workers in the Gulf countries, our
country would have totally drowned in the problem of balance of
payments.In proportion to the
FDI inflows in to our country, the outflow of money in foreign
exchange is increasing considerably.
According to the
available official data, it is revealed that more amounts than the
actual inflow of FDI are being repatriated and such an outflow is
increasing abnormally. In 2015 the external debt to India stands to
be 24% of the G.D.P. of India; and is increasing every year.
According to the RBI report, in the period between 2009-10 and
2014-15, outflows due to repatriations, dividends and payments for
technology constituted a major foreign exchange drain-nearly one-half
of theequity inflows
during that period.
The same reports
tells that during the same period subsidiaries of foreign countries
operating in India ran negative trade balances in almost all
manufacturing sub-sectors. Together with remittances and other
payments, foreign subsidiaries in more sectors regularly drew out
surplus which looks quite large when compared with the capital that
the foreign companies were bringing in.
Apart from the
direct costs, the foreign investors are able to extract indirect
benefits from our economy by using bilateral investment promotion
and protection agreements (BIPA). The foreign investors have been
challenging the tax liabilities imposed by the Indian government
before private international panels; in the name of investor-state
dispute settlements (ISDS).
The data provided by
UN conference on trade and development (UNCTAD), reveals that the
share of reinvested earnings constitute only a part of the FDI
outflows, by the developing countries.
Recently
Edinburgh-based Cairn energy had challenged the claim of the Indian
government for a retrospective tax
levy of Rs 29,047 crore, filing a claim to the international
arbitration panel, demanding 18% higher than the amount demanded as
retrospective tax levy. It claims $ 5.6 billion as a compensation
from the government, if it is proceeding of tax demands.
Very recently the
Deutsche Telekom, Devas has won an appeal against Antrix Corp, the
commercial arm of India’s space energy ISRO, before the court of
the permanent case of Arbitration (PCA) at Hague, under the
arbitration rules of United Nations Commission on International
Trade Law (UNCITRAL), and the international court of arbitration
asked Antrix to pay $ 672 million ( Rs 4,400 crore) to Devas for
having India breached its bilateral treaty with Mauritius to accord
equitable treatment to foreign investors.
These are the clear
examples of how the very sovereignty of India is being undermined and
dis honoured by FDI in India. Very recently C.A.G. found out that six
telecom operators-RCom, Vodafone, Airtel, Aircel, Idea and Tata have
underreported their revenues of their accounts leading to a loss of
Rs 12,488.93 crores in tax to the exchequer from 2006 to 2010. The
CAG has also revealed the true face of financial fraud perpetuated on
the peoples’ savings in the form NPAs of the banks, by the
big-capital. As on March 31, 2015 the NPAs amounted to Rs 3 lakh
crores,while over 40% (1.21
lakh crore) is due to 30 corporates. Ten state-run banks suffered
losses of over Rs. 15,000 crores in the fourth quarter of 2015-16
financial year due to the NPAs gobbled by the corporates.
The CAG stated that
‘a large part of the advances (NPAs) may have been transferred
abroad and may never be recovered. The award of London Court of
international arbitration against breach of the joint venture
agreement between Tata sons and Docomo, to pay $ 1.17 billion to
Docomo, to exercise its exist option of the joint venture agreement
again reveals how the FDI trade agreements favour the foreign
investors with one sided and uneven terms to the disadvantage of
Indian partners.
Today the fresh
corporate debt in India is supposed to be growing at 50% of the
nominal GDP growth.
Thus the FDI is not
only playing havoc with Indian economy but is also making India
totally dependent on it. The rulers, ruling-classes and particularly
the comprador bourgeoisie are wholly responsible to this degraded
condition of the dependency of our country on foreign investments.
Now it will not be
an exaggeration if we call “INDIA- THE TOTALLY DEPENDENT COUNTRY”
in the light of the outlook and perspective shown by Com. T.N. in his
outstanding conclusions that ‘India was Mortgaged’.
On one hand the
outflow and drain of great wealth from India and on the other hand
the ever increasing poverty, inequality, unemployment and ill health
into boundless proportions is the pitiable scene of India which has
been overwhelmingly drowned by FDIs.
As Comrade T.N. had
questioned with a just and patriotic anger “can any citizen with a
grain of patriotism in him can remain silent without revolving
against such a degrading state of affairs to resurrect the great
glory of the Indian people and the Indian nation?”
That is why let us
march forward in the path shown by our beloved leader Com T.N., to
move the people to fight against these shameful conditions duly
exposing the machinations and illusions and tactics propagated and
practiced by the rulers and ruling-classes! Let us pledge to
rededicate to our revolutionary task of continuing a new democratic
revolution to success, overthrowing the system of the imperialist and
feudal forces and their henchmen comprador bourgeoisie and establish
a people’s new democratic system! This alone will be the fitting
homage to our departed beloved.
****************************************************************************************************************************************************************
