1995 se 1970 ke beech gareeb vikaasasheel deshon mein prati vyakti cigarette ki khapat mein 67 pratishat ki vruddhi hui hai, jabki usamein ameer viksit duniya mein 10 pratishat giraavat aayi hai. dhoomrapaan karne vaalon mein se assi pratishat ab kam viksit deshon mein rahate hain. 2030 tak vishv svaasthya sangathan (WHO) ki bhavishyavaani hai ki 10 million logon ki maut prativrsh dhoomrapaan se sambandhit beemaariyon se hogi jo duniya bhar mein maut ka ek sabse bada kaaran hoga, mahilaaon mein iski sabse badi vruddhi hogi. WHO ki bhavishyavaani hai ki 20 veen sadi mein dhoomrapaan se hui mauton ki daron mein 21 veen sadi mein das guna vruddhi hogi. ("Washington"(Washingtonian) patrika, December 2007).
After four consequent electoral defeats, Parakala withdrew from the electoral arena. He concentrated on public discourse through the current affairs programmes on television and his profession as a policy analyst. But in 2008 some like minded people approached Parakala with an intention to start a new alternative political platform. Popular matinee idol Chiramjivi was to be the face of the party. Parakala lent his support to the idea and worked to establish the party. He was one of the signatories to the application for the registration of the Political Party 'Prajarajyam' and one of its founding General Secretaries and spokespersons. But the experimented turned out to be another disappointment for Parakala. He found that there was no clear agenda and party tickets were given in exchange of money. Several local leaders openly hurled accusations at the party leadership. Parakala held a press conference at the party headquarters and launched a scathing attack on the party leadership for betraying the ideals for which the new platform was to stand for. Terming the party as Poisonous Ivy (Vishavruksham), he announced his resignation. That address to the press was telecast live and thousands viewed it across the state. That spelt the doom for the party. A party that was hoping to have an impressive performance ended up with securing just 18 seats with the charismatic Chiramjivi himself losing one of the two seats he contested from his native place. Many people still question the moral and ethical basis of Parakala holding a press conference at the party headquarters to criticise the party and its leadership. Opinion is still bitterly divided on this. The Prajarajyam seems to have put an end to the party and electoral political career of Parakala.
Prabhakar married Nirmala Sitaraman in 1986. They have a daughter. His mother was Congress MLA in Andhra Pradesh, while his father Parakala Seshavatharam was a long time Legislator and served in three successive Cabinets in the state of Andhra Pradesh in the 1970s and early 1980s. Parakala took his doctorate from London School of Economics. He did his Master of Arts (M.A.) and Master of Philosophy (M.Phil) from Jawaharlal Nehru University (JNU), New Delhi.

Categories: 1923 birthsChief Ministers of KeralaCommunist Party of India (Marxist) politicians from KeralaIndian atheistsLiving peopleMalayali politiciansKerala politiciansIndian independence activists from KeralaTrade unionists from KeralaLeaders of the Opposition in KeralaChief ministers from Communist Party of India (Marxist)People from Alappuzha districtKerala MLAs 1967–70Kerala MLAs 1970–77Kerala MLAs 1991–96Kerala MLAs 2001–06Kerala MLAs 2006–11Kerala MLAs 2011–16