Should the Parliamentarian's salary be deducted for disruptions??

The twenty one day long Monsoon session of the Indian Parliament has started, and as expected no legislative business has been done in it's preliminary days due to the pandemonium that ensued. The treasury benches are feeling the heat from a stiff Opposition over the latter's demand of removal of the External Affairs minister and two of the ruling party's Chief Ministers.
The Government is unrelenting and not willing to budge to the demands of the opposition. This clash of egos has led to the futile attempt by the Speaker and Chairman of the two houses to ensure the functioning of the parliament.
All this clamor and an unrelenting attitude on the part of both the opposition and the government has led to wastage of the precious time of Parliament.The disruptions in Parliament lead to not only the wastage of time but also of the taxpayer's money.
Each minute of Parliament in session costs approximately Rs. 29,000.If all 18 working days of this short session are disrupted, an estimated Rs. 35 crore of the taxpayer's money will be lost.This wastage of public money has led to the debate that should the parliamentarian's be fined for disruptions and their salary be deducted?
In order to fully understand the repercussions of such a move we need to understand the  role that the representatives of the people that is our MPs are entrusted by the constitution to do. The Members Of Parliament are chosen so that they can raise the issues of public importance in the parliament.The Opposition is also required to keep a check on the policies and overreach of the government.And the best way to bring accountability is through the Parliament.
Now coming on to the point of deductions in salary and fine for disruption of the working of the Parliament.
I think this approach to solving a deadlock is not feasible and goes against the right of the MPs to raise issues without any pressure. Such a rule, if implemented, would stifle the opposition and will provide full leeway to the Government without any check on it's power and posterity will not be too kind to us as a form of showing dissent will be snatched away from them.
Even Mr. Jaitley our Finance Minister, who was the leader of the opposition in the Upper House, had once said that "Disruptions are a completely valid way of protest". Most of the MPs feel the same way e.
Therefore, deduction of salaries and fining the MPs is not the solution to ensure that the Parliament functions.The more amicable solution to the problem of disruptions would be for the Government and the Opposition to sit together and iron out their differences on various contentious issues outside the parliament and use the time in the Parliamentary Sessions for the legislative discussions and meaningful debate.

The Chinese Slump.

The People's Republic of China, the world's second biggest economy is facing a major crisis today. With over 30% of the value being knocked off the Chinese market since the slump began in mid-June.

The crisis comes after the rallying of the Chinese markets as the:

1)county's central bank cut interest rates 3 times since November last year,

2)the rules regarding Margin trading were eased.

Margin trading has always been considered risky, but with the loosening of the reins, trading in stocks on borrowed money by mostly the retail investors of china increased.

 Unlike most other stock markets, where investors are mostly institutional investors, in China, 80% of investors are small retail investors.All the above factors led to volatility in the markets.with Greece in the backdrop,the volatility in China is of great concern owing to the huge size of the china's economy.

The concerns are justified as in the last three weeks about $3 trillion ,which is more than 10 times the GDP of Greece($237 billion in 2014) or 1.5 times the GDP of India($2 trillion) has been wiped out from the chinese markets.

With the shanghai composite losing about 34% in 3 weeks and the number of chinese firms who want to halt their trading in the Shanghai and the Shenzhen Exchange reaching to above 1200 out of the total 2800 enlisted firms, some are describing it as the busting of the chinese bubble.
 
Effect of the Chinese slump on the world economy:

1. Metal prices plunged with the crash in the Chinese markets and the strengthening of the US dollar.
2. Asian markets as well as the US markets have also shown a slowdown.
3. Commodities like gold, silver and platinum fell as a stronger US currency makes dollar dominate        commodities more expensive for holders of other currencies.
4. Crude oil prices along with coal, natural gas and iron ore price are trending lower.
5. Aviation sector shares benefited with the fall in crude oil prices as it accounts for 50% of their operating cost.

With the Eurozone members giving Athens until the end of this week to propose reform measures in order to secure the funding it needs to stay in the euro zone, and the market crash in China threatening a new blow to the country's already slowing economy, all we can do right now is observe and take notes.