...us, promises for the people!
Further, the sum total of assets of 64 Union Cabinet Ministers comes to a whopping Rs.5 billion, and 23 of them fall into the segment of Rs.50 million plus. Does it favour democracy?
The Indian National Congress, being at the helm of affairs for the most part of the post Independence era, quite naturally, has the maximum number of crorepati Member of Parliaments (, 141 out of 306). Bharatiya Janata Party is a distant second with 58. Samajwadi Party and BSP follow them in the ranks with 14 and 13 crorepati MPs respectively. Surprisingly, the Left is a laggard here with only one.
America’s second President John Adams once said, “Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.” The manner in which money and power continue to be in the hands of a few, one wonders how soon Indian democracy could be headed the same way!
The Indian National Congress, being at the helm of affairs for the most part of the post Independence era, quite naturally, has the maximum number of crorepati Member of Parliaments (, 141 out of 306). Bharatiya Janata Party is a distant second with 58. Samajwadi Party and BSP follow them in the ranks with 14 and 13 crorepati MPs respectively. Surprisingly, the Left is a laggard here with only one.
America’s second President John Adams once said, “Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.” The manner in which money and power continue to be in the hands of a few, one wonders how soon Indian democracy could be headed the same way!
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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