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ENG DEMO 9 (English)
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It is very careful about preserving that reputation. Let us not therefore, pursue this talk of expropriating foreign capital; it is not worth it. We are not such a poor country as to go about indulging in tactics which will lose us the goodwill-and the credit of the world, and which will, perhaps, leave a feeling of wrong-doing in our minds and hearts. Even inside our own country, we cannot think of schemes and policies in isolation. We deal, for example, with the Zamindary system and other schemes relating to land. What are referred to as schemes of social engineering cannot often be dealt with in the normal way of acquisition of land or property. We cannot acquire the whole land at once. We have to go about it gradually. We have to find out about our capacity to pay. And then the payment can be graded. That is: when we acquire the property, as we did in the case of zamindars, the relatively poor zamindar gets full compensation, a hundred per cent. Another person may get about 80 per cent, the third 70 and the fourth 60. There is no trouble there. But let us look at the industrial and business ventures. We are acquiring the Imperial Bank. So far as I know, we are paying pretty full compensation, in whatever form it may be. By not doing so, we may save a little money here and there, but it will injure us. It will be even more wrong in the case of the small owners not to give them full compensation. I am surprised that one of these Minutes of Dissent hints that we are out to harm the small owner. I submit that it is an unfair charge. Nobody can do it; how can we this Parliament? Or this Government? Can anybody conceive of this Parliament or any other legislature going out to harm the small owner? The self-interest of the average Member will shout out against such a step, if nothing else. Coming to industrial property, our approach is that the Government should never acquire any old plant except for the purpose of holding some strategic point for the benefit of planning. The reasons behind this approach are obvious.
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