If the World economy sneezes, Kerala will catch pneumonia. Because, bulk of the States economy with 3.4 cr people depend upon the remittance of Kerala’s labourers who make their income with the sweat of their brow. The Free trade Agreement signed between India and ASEAN has made Kerala’s trade literarily free, as the state is vulnerable to the dumping indiscrimination of the products from ASEAN countries which are Kerala’s domestic products which made Kerala’s GDP growth touch 6.89% in 2008-9 against the country’s 6.7%. The import with its knitty gritty of tariff declared levies would leave the state products unsold as they would be priced higher than the imported stuff. Coconut Oil is no more consumed even by Keralities while indiscriminate Palm oil is reaching the state at cheap prices due to government’s subsidizing of the Product to low value edible oil. Coconuts are growing in prices which have made its place redundant as it would also be exposed to exodus import. Secondly, the Policy of Mr Obama, who has sleeved up his shirt which would indicate that the subsidies provided by the Federal Government would be withdrawn, with India’s largest bi-lateral partner suffering from economic crisis ceasing the imports. Also employment opportunities in the Heaven’s Gateway that is America would come down drastically. These new turn in the world crisis will hit Kerala like a tsunami, an economic tsunami. Once upon a time, Kerala’s per capita income stood at Rs 14,629 highest in South India (in 2007). Now crisis looms large on the economy of Kerala.
Kerala faces a cloudy economic forecast with State Domestic Product touching Rs 1, 57,144 Cr (2009-10). But 75% of the proceeds are accounted for paying interest, salaries and pensions, with only 24.17% available for spending by the state towards Schemes benefiting the People. Presently, state’s debt is put at Rs 78,329 Cr (2010-11).
When the state is reeling under such dire straits, Lord Padmanabha to whom the King of Travancore Marthanda Varma pledged his country is proving to be rich. That Raja after Raja surrendered their offering in valuables, made the Temple, one among the richest in the world. When an inventory of the various treasure groves were taken, it was found, after 80% of the search, the Lord had around Rs 60,000 Cr in gold, silver, other precious stones. A treasure trove of gold, diamonds and precious stones —was unearthed from an ante-chamber to one of the six vaults in Sree Padmanabhaswamy Temple.
More than 1200 ‘Sarappalli' golden chains (some sporting ‘navaratnas'), three golden crowns, numerous golden staffs, golden plates, a chain of golden coins of 1732 vintage, diamonds, including Belgium diamonds, and precious stones, including ‘cat's eye', rubies and emeralds, were among the articles found inside vault A located on the southern side of the ‘Nalambalam' inside the Chandanamandapam. One gold chain was found to weigh more than three kg. Hundreds of kilos of coins issued by the government of erstwhile Travancore (raasi) and those from the time of Napoleon and the British East India Company were among the articles that were found. The Travancore-era coins include more than 14 kg of half-sovereigns believed to have been offered during ‘thulabharams' made over the centuries. More than 70 kg of Venetian coins were also reportedly found along with many kilos of East India company coins minted at (then) Madras. Coins of Australian origin and those from Mysore were among the inventories.
A temple treasure grove, yielding more than Rs 60,000 Crores in precious jewels, coins, gold, silver, platinum, rare antiquary, show the sincerity and honesty of the Rulers of Travancore of pre-independent India. There are 2 other valuts to be opened. Today rulers, that too in a democracy who are accountable to the People behave as if they are accountablable to nobody. Scams, looting, plundering, of Public money in the name of democracy have made the People compare the pre-independent India with the Republican Rule through a Constitution, we have given to ourselves.
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