BAIL OUT TO KINGFISHER
BAD PRECEDENT PRIME MINISTER
The Prime Minister of Corporate India Mr.Manmohan Singh is going to bail out Kingfisher Airlines forgetting to bail out farmers who are committing suicides, As per National Crime Records bureau in 1995 the farmers who committed suicide were 10720 and till date 2, 56,913 farmers have committed suicides. The break up year-wise is : 1996 [13729] , 1997 [13622],1998 [16015] ,1999 [16082] ,2000 [16603] , 2001 [16415] , 2002 [17971],2003 [ 17164],2004[18241],2005[17131],2006[17060],2007[16632],2008[16196],2009[17368], 2010[15964] thus total 2,56,913 farmer suicides in India .
The credit goes to Union Agriculture Minister Sharad Pawar for scoring the first for his home-state which alone accounts for 50,000 suicides. Being busily engaged in looking at cricket scores, Mr.Sharad Pawar would have no time to view or weep for farmer’s suicides.
Failure to bail out farmers from debt burden which drove them to suicide did not prick the conscience of Mr.Manmohan Singh and Mr.Sharad Pawar. They are going to bail out Kingfisher Airlines. Dinamani, Tamil daily wrote in its Editorial on 15th November 2011, that Kingfisher Airlines started in 2003 and became operational from 2006 had not made or shown profit even for single year since its inception. Air India has 135 planes, Jet Airways owns 97 planes and third in list Kingfisher has 66 planes. Dinamani says Jet Airways, second in numerical strength had never had losses. It had to pay to Government for the year 2008-09 Rs 379 crores and it had paid Rs.368 crores. For 2009-10, the Jet Airways had to pay Rs. 354 crores but it had paid Rs. 346 crores. Current year of 2010-11 its due is Rs 344 crores so far but it had paid Rs.333 crores. When such being the case why Kingfisher incurred Rs.8200 crore debts and Union Minister Vayalar Ravi is working overtime to bail out this private airline ?
Let us see how Governments handle Air India, a government enterprise. Air India’s proposal to buy 3 A-310 aircraft was rejected by GOI in December 1996. 2004 again Air India wants to buy 28 aircrafts i.e. ten A-340 and eighteen Boeing 737. UPA Government comes to power in May 2004. Again Air India knocks the door of the Government to buy 50 aircraft i.e. 22 B-777 and 27 B-787 in November 2004. In April 2005 Air India proposes to buy 35 with firm orders and leaving 15 for other options. All levels of Government of India clear this proposal by December 2005. Cabinet Committee on Economic Affairs approves an Empowered Group of Ministers to carry out price negotiations. Then Finance Minister P.Chidambaram was made Chairman of this EGOM on 20th December 2005. Within four days on December 2005, this EGOM met Boeing group and decides Air India should place orders for 68 planes. December 30 of 2005, the Prime Minister’s office sends EGOM chief P.Chidambaram’s note to Prime Minister.
Same day with jet speed Prime Ministers Office tells the Civil Aviation Ministry that “ PM had seen the note and directed the Civil Aviation Ministry may inform Cabinet Committee on Economic Affairs about the finalized transaction. December 30 of 2005, the Civil Aviation Ministry informs Air India about approval. On the same day i.e. 30th December 2005 Air India signs purchase agreement with Boeing worth Rs 33, 197 crores.
This is the Speedy Delivery of Justice to the corporate world. In single day how Union Cabinet functioned this is classic example. The same speed is absent in resolving Telengana or ending Manipur blockade, people of India must take note of this lethargy.
Bailing out Kingfisher sets bad precedents, Prime Minister, people will not hail you.
N.Nandhivarman General Secretary Dravida Peravai
15.11.2011
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