Amit Mitra, FM Chapter Missing in TMC LS2019 Manifesto

April02, 2019 (C) Ravinder Singh ravindersinvent@gmail.com

TMC is first to release its Election Manifesto for LS2019 General Elections. TMC is primarily State Party with some presence in other states. TMC manifesto is excellent but lacks National & International agenda. A Chapter by Amit Mitra – ex FICCI Secretary General and best qualified FM at this time – needs inclusion.

Even though we see SENSEX is at record level may cross 40,000 this month but facts reveal performance of FortuneIn 500 Companies was worst in history in last 4 years, FY19 worse.

Mukesh Ambani led RIL Tripled Market Cap – Rs.8,82,000 Cr but didn’t pay dividend to shareholders, average Rate of Borrowing is less than 3% against 3% per month paid by Micro Businesses & Farmers not funded by Banks.Many BSE listed Co pay over 10%.

FortuneIn500 Data for 2010, 2014 and 2018.

Year

Revenue

Net Op Rev

Profit

Assets

Net Worth

Dividend

2010

38,16,239

36,43,467

3,30,824

98,00,829

23,03,243

76,687

2014

69,37,487

66,21,992

4,33,992

1,80,77,610

34,64,036

129,083

Growth

81.79%

81.75%

31.19%

84.45%

50.40%

68.32%

2018

83,81,026

78,69,392

4,87,223

2,52,12,833

48,44,754

73,740

Growth

20.81%

18.84%

12.27%

39.47%

39.86%

(-) 42.88%

On gross revenue of Rs.83,81,026 Cr – Dividend to shareholders is only Rs.73,740 Cr which is below 2010 level. Revenue growth is @ Quarter of Pre-2014 when TMC was in UPA alliance. ASSET GROWTH and INVESTMENT HALVED & NEGLECT OF INDUSTRY.

Most sectors are in ICU for 3 Years for Telecom to 20 Years for Oil & Gas Exploration, Realty, Civil Aviation, Telecom, Oil & Gas, Foreign Trade, Industry, Railways, Power, Education [Record Number of Children Studying Abroad], Agriculture, Water, Drainage, Negative SAARC Trade, NPAs Quadrupled – meant MSME forced to Shut Down, Manifold increase in Businesses Shut Downs due to Demonetization & GST – RECORD JOB LOSSES – HIGHEST UNEMPLOYMENT.

National Alternative Led By TMC shall,

1.      Appoint AMIT MITRA is Prime Minister who shall lead Well Qualified Cabinet.

2.      Restore PLANNING COMMISSION – Involve States & Districts in Planning.

3.      Restore RELATIONS with SAARC – Access Cheap Oil & Gas, Develop Multipurpose Hydro for CLEAN DEVELOPMENT and Assured Water Supply, Reduce cost of Energy,

4.      Increase TRANSPARENCY in Company Operations, R&D Focused Industry,

5.      Same Day Payment Against DELIVERY for all BANK FUNDED Companies, to minimize Stress in MSMEs and Farmers and Workers Paid on Weekly Basis.

6.      Cooperative SUPERMARKET in Every Village to Manage VILLAGE TRADE, 500KW Solar Power, Rs.1+1 Cr Micro Enterprises and Food Processing,

7.      Revival of National Development Council, Greater Public Consultation.

8.      Agriculture, Water, Education & Healthcare to get highest priority.

9.      PRECISION BANKING – EXPERTS in BANKS to Ensure Fast Processing LEVEL Playing Field.

10.  FDI in High-Tech Areas i.e. Private Bullet Train – Improved Indian Railways for MASSES.

Professional Management of Economy For Max Growth, Jobs, Bottom Up Development

INVENTING INDIA THINK TANK – INNOVATIVE TECHNOLOGIES & PROJECTS

Innovative Energy, Power, Transport, Water, Smart Cities, Manufacturing, IT, Agro Projects & Technologies 

Y-77, Hauz Khas, New, Delhi-110016, India. Ph: 8826415770, 9871056471, 9871711430

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