5 guarantees introduced to follow principle of social justice, says Karnataka CM Siddaramaiah
The Hindu
Karnataka CM Siddaramaiah said: “During colonial era, the British rulers plundered the country but now the resources are being accumulated by a few capitalists. In this situation, can development be possible?”
Karnataka Chief Minister Siddaramaiah said the five guarantee schemes were introduced by the Congress government to follow the principle of social justice in the accumulation of wealth and its distribution.
Addressing people on the occasion of the 77th Independence Day at the Sam Manekshaw Parade Ground on August 15, Mr Siddaramaiah pointed out that the people of Karnataka realised that development can be possible only if there is peace in society.
Explaining the reason behind introducing the five guarantees, he said, due to neo-liberalism, the gap between haves and have-nots started widening. In India, today 10% people control 70% of our resources, he claimed.
“During colonial era, the British rulers plundered the country, but now the resources are being accumulated by a few capitalists. In this situation, can development be possible?
“Keeping this in mind, we are following the principle of social justice in the accumulation of wealth, and its distribution. Hence, we introduced the five guarantees,” the CM said.
The Congress government decided to formulate the five guarantees, which is founded on Universal Basic Income (UBI), to elevate the socio-economic position of the people. Along with that, the government has taken price rise, unemployment, discrimination based on caste and religion, and corruption seriously.
“We took the decision to implement these schemes in the first cabinet meeting and introduced them within three weeks of formation of the government.”