Depreciation of Rupee is a Symptom of bigger disease, solution lies in the fundamental
approach suggested by Islam: Jamaat-e-Islami
Hind
American
attack on Syria may stir regional war and may be disastrous for middle east, while
America wants to attack to protect Israeli interests: Jamaat
New Delhi, 07th Sept.
2013: “The phenomenon of the current depreciation of Rupee
in the international market is a symptom of other bigger disease. The
sharp fall in the exchange rate of rupee vis-à-vis US dollar shows that Indian economy
is in turmoil and it is so perceived internationally too. This brings to light
the hollowness of our claim that we are destined to become one of the largest
and sturdiest economies in near future,” said, Ameer (all India President)
of Jamaat-e-Islami Hind, Maulana Syed Jalaluddin Umari while addressing the
press conference today at Jamaat’s headquarters in the capital.
“The depreciation of rupee is, in fact, a symptom of
bigger malaise in economy. The symptom itself needs to be addressed immediately
but that would be a short term solution and the ills of economy will continue
to recur in one form or another. A long term solution is to diagnose correctly
the disease and opt for its complete cure, whatever time consuming or painful
be that therapy. The basic cause of any depreciation of money is Current
Account Deficit (CAD) where growth of import is faster than that of import. The
simple solution is to curb imports and increase exports. And for increasing
export the creation of quality products and services and their facilitations
are required. Such increase in Import over the years at a good pace can be
related to the economic reforms brought in the year 1991 when today's prime
Minister was the Finance Minister. Import was facilitated and it grew leaps and
bonds. Productivity and export were ignored and their consequences followed.
The dichotomy was felt later. A correction was done by announcing Manufacturing
Policy, 2010, which is, for all practical purposes, a non-starter. The major share of
import billing comprises crude oil, followed by items like gold, iron ore and
coal. We are facing problem in paying our oil bills in US dollar. Import of
gold, a non-essential item can be totally avoided. Import of coal and iron ore
which we have in abundance as reserve is a matter of national shame. Our
failure to arrange refineries or processing arrangements for improving these
raw materials to the stage where these can be utilised as inputs is the major
cause of these imports. Further, courts have curbed their export, obviously
owing to alleged cases of corruptions,” Maulana Umari said.
Giving remedies
for the pathetic situation of the current economy, the President of Jamaat
said, “Structural corrections of economics are required. The solution lies in
the fundamental approach suggested by Islam and the world should consider the
alternative system of economy which Islam presents. Capital must be brought in
on the basis of equity and not as a debt. The debt should always be at par.
Islamic approach is asset based equity finance as against the debt-based
finance with assured premium on the debt. Finally Islam leaves no scope for the
hegemony, like that on US dollar which gets undue benefits of international
financial transactions.”
‘Govt
must pass Communal Violence Bill in Parliament for safety of minorities’
“As the
parliamentary elections of 2014, and assembly elections of some states are
drawing near, it appears that organized efforts are being made, particularly in
some states, to promote communal tensions and provoke communal conflicts.
During last one year about 50 communal conflicts have taken place in Uttar
Pradesh alone. In this way the fire of communalism is being stoked while the government
is not taking action against the perpetrators. The situation in fraught with
grave danger and would weaken the country,” the President of Jamaat said.
Demanding to
impede communalism from the society, Maulana Umari said, “this is imperative
that the central and states governments must deal with an iron hand every
incident of communal violence to maintain the peaceful atmosphere in the
country. In this regard we repeat our oft-repeated demand that the central
government must present the Communal Violence Bill and get it passed in the
Parliament, so that the minorities are freed from the sense of fear and insecurity
and are able to equally participate in the progress of the country. Providing
security to minorities and putting an end to communal riots would be the proof
of the strength of democracy.”
Commenting on killing
of Muslim youths in fake encounters, the President of Jamaat said, “it is worth
remembering that first, the communal elements targeted the Muslim youths in
fake encounters calling them terrorists. After investigation, the fact has become evident that there was a nexus
between police and communal elements behind the fake encounters. The truth
behind murder of Sohrabuddin, Kausar Bi, Ishrat Jahan, Sadiq Jamal etc in fake
encounters is out and the world knows how these murders were planned and
executed by high ranking police officers. The world also knows how youths like
Khalid Mujahid were implicated in false cases and killed in custody. The fresh
revelations by suspended IPS officer D.G. Vanzara has laid bare conspiracies behind
curtain. It is unfortunate that such efforts which tarnish the image of Muslims
are continuing.”
Jamaat welcomes Food Security Act with
rider
“We welcomes
Food Security Act. It establishes a
sense of entitlement on behalf of the government to recognize the right to food
of its citizens. This is a very progressive step. The UPA government, under the
pressure from civil society has finally granted the rights of its people in
different areas- RTI (Right to Information), RTE (Right to Free and Compulsory
Education), MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) etc,”
said the President of Jamaat”
“This
is a welcome sign that after 65 years of independence the government has
finally recognized the rights of its people. However the Act lacks some basic thins as it covers only 67%
of the country’s population: 75% in the rural areas and 55% of the urban area
(national average). It’s still less. This will create problems in identifying
the priority households. Therefore the Government must accept the demands of
Universal PDS. And improve and make more effective the PDS,” said Maulana
Umari.
American
attack on Syria may stir regional war and may be disastrous for middle east, while
America wants to attack to protect Israeli interests: Jamaat
“In
Syria the authoritarian regime of Bashar Al Assad is engaged in the massacre of
its own people for the last two and half years. More than 100,000 people have
lost their lives and over 20-lakh have been rendered homeless and forced to
live as refugees. After the recent use
of chemical weapons in which more than 1300 people mostly children have died,
the American government is poised to attack Syria. Bloodshed, use of chemical
weapons or use of any type of weapons for committing atrocities against people
all these are condemnable acts. The American attack may enhance the
deterioration of situation . Therefore the Jamaat is of the view that America
should not intervene. There is a strong apprehension that America wants to
attack Syria to help its ally Israel and to protect Israeli interests. The American attack may complicate the
situation and involvement of Russia and other countries may give way to a
regional war which may be disastrous for Middle East and lead to economic
destabilisation in the world on a large
scale. America should examine its track
record that because of its intervention Iraq and Afghanistan have become
victims of permanent instability and witnessing daily bomb-blasts and killings.
So American role has been not only tainted but also shameful,” Maulana Umari
said.
Appealing
to Muslim countries, Maulana Umari said “they have a big responsibility. They
must protects Islamic democratic values in their lands and unite to oppose
every act of injustice and tyranny.”
Some
Muslim rulers’ support for unjust actions of Egypt’s military and calling peaceful
demonstrators terrorists is highly shameful act: Jamaat
Expressing
grave concern over the dismissal of popular and democratic government of Egypt and the unjust actions of the
military government, Maulana Umari said, “an emergency has been imposed on
Egypt and arrests of office bearers and
members of Muslim Brotherhood and torture and atrocities are continuing. The
government is even thinking about imposing a ban on the Brotherhood. The
military government is responsible for the unjustified death of thousands of
men, women and children. It is highly shameful that some Muslim rulers and
their governments are supporting these atrocities and calling the peaceful
demonstrators rebels and terrorists. It is evident that they are doing this
either on the behest of America or just to protect their power and authority. It
is the responsibility of all thinking Muslims and well-wishers of Ummah and
their governments to stop the bloodshed and torture of the innocents and put an
end to all undemocratic methods and strive for restoration of democratic rule
in Egypt.”
