Our iron ore is finite, unlike the venality of our politicians and kleptocrats. And so, according to conservative estimates, it will last for another 60 years. Under the circumstances, should we start exporting it to China at a throwaway price (compared to what it will fetch when the commodity gets scarce) to the detriment of the future generations? Or should we be conserving the resource and exploiting only that which is needed for the development of the country? Are we not stealing from the future generations?
This documentary by FRONTLINE correspondent Lowell Bergman investigates the shadowy side of international business, shedding light on multinational companies that have routinely made secret payments -- often referred to as "black money" -- to win billions in business. Watch this very interesting story involving British aerospace giant BAE, the Saudi royal family, and an $80 billion international arms deal known as Al Yamamah, or "The Dove" in Arabic.
Does it appeal to reason that against Rs. 700 crore of investment the nation should pay over Rs. 24,000 crore? If such are the rates, it will be better that Govt make lumpsum payment to the contractor by levying another cess of a rupee or two on every litre of petrol/diesel sold in the NCR to defray these expenses.