On top of everything, according to Times news, there has been an assessment made by the Federation of Export Organisation and they are apprehending loss of one crore jobs in India. These are the captains of industry. The situation is too grim to be overlooked. Sir, I have two points here. First, why can the Government not say clearly to the corporates, taking the soft loan and taking the benefit of reduced taxes, that you absorb the losses? When the profits were made, profits were personalized, but when the losses are incurring, losses are being socialized. My hon. Friend, Shri Pranab Mukherjee is not in the House. He had contested this theory. In reply to him, I am saying that when the losses are being sustained by the corporates, the workers are losing their jobs. But when 50 per cent profit is being gained, it is being usurped by the corporates. Please tell the corporates absorb your loss, you have enough reserve fund and do not curtail the manpower if you want to take the bank loan and advantage of reduced taxes. To say the least, the statement of the Minister is totally disappointing. It is not only an understatement, the Government is basking on the old types of growth story, and they are trying to salvage the employers only, who are never passing out the benefits they are getting as a result of this stimulus packages to the workers. If you look at the study, it is based on a very limited scale, as has been stated by my colleague, that the other studies, the important global and national agencies are indicating that already the impact is there. There is rampant loss of jobs and the enormity of the problem, the scale of the problem, the Government has failed to realize and that is reflected in the Statement. It only demonstrates.
