Tag Archive: narendra modi

Budget 2018: More Sleight of Hand

An analysis of budget break-ups since 1999 shows that proportions of most heads just do not change, as GDP growth and hence tax revenues usually stay nearer where they have been before.

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The Road to 2019

Narendra Modi unites the opposition, like Indira Gandhi once did. That time the RSS joined it against the Congress. Now the Congress is with it against the BJP. The temptations for the AAP to team up against the BJP are many. But the moment it gets sucked into the caste permutations of the BSP, SP, RJD and JD (U), and gets drawn into their coalitional politics, it will become just another political party. Another ayaram, gayaram party.

Demonetisation: A One Man Made Disaster

Demonetisation is a one man made disaster which has pushed the already beleaguered and stumbling Indian economy into a tailspin, and cost livelihoods and lives. In the face of tremendous spin, hype and distraction unleashed around the facts surrounding Demonetisation, here are a few questions we expect Modi to answer, as he goes around talking a lot but saying nothing.

Who Wants Demonetization: The Politics of Governance Through Surgical Strikes

The absence of public deliberation and a lack of consistent rationale guiding such massive policy decisions of the government, and their endorsement by the elite, are disconcerting signs for any democratic culture. While the Left tries to debate whether the present conjuncture is authoritarian or fascist; an admixture of both is unfolding in front of our eyes but with the backing of a vocal hegemonic public within a liberal framework. Maybe these terms – fascist or authoritarian – will derive closure only in retrospect; but in the present, the opposition seems woefully ineffective in countering the Leader.

Economics and Politics of ‘Demonetization’

What are the most important reasons of the ‘demonetization’ – coming of big elections, initiative against the black money promised during the 2014 election, curbing the tax evasion or streamlining the market economy by cleaning the house itself?

Modi’s trump card

The term black money is all encompassing for income on which no taxes have been paid to the state. This income may be from legitimate sources or patently illegal activities such as smuggling, counterfeiting, corruption and narcotics. The estimates of how much black money is generated each year vary widely. But a widely cited, but still supposedly confidential study by the National Institute for Public Finance and Policy (NIPFP), commissioned by the government estimates the black economy in 2013 to be equal to about 75% of the GDP.

सउदी अरब तथा अन्य खाड़ी देशों के प्रति मोदी सरकार का ढुलमुल रवैया क्यों?

प्रधानमंत्री मोदी को जिन्होंने खाड़ी देशों में यात्रा करने वाले प्रथम भारतीय प्रधानमंत्री होने को ट्वीट कर देश को बताया था। उन्हें याद रखना चाहिए देश आपकी सऊदी शाहों के साथ सेल्फी, मस्जिद यात्रा व नागरिक सम्मान के तस्वीरों से खुश होने वाला नहीं आपने वहां भारतीय मजदूरों के संग खाना खाया था, किन्तु आज वो खाने को मोहताज है, पीने के पानी नहीं है और आप अपने शाही दोस्त से शिकायत तक नहीं कर पा रहे हैं। यह समझ से परे है।

GDP: Growth or Fudge?

Higher growth rates will happen, but for that the government must do the right things first. That will come by making investments in human capital and in productive job creation. Since capital is always the constraint, it must be judiciously used. Fudging data will only create an interim illusion of well-being. Since reality catches up sooner or later, it is better to grapple with it now and rely on the illusion in 2019.

Nationalism fever strikes India

Concerned citizens, activists, civil libertarians, constitutional experts, and protesting university students see an unfolding tragedy in the violence perpetrated by the “patriotic” mobs. The mobs undermine the democratic order. They flaunt their commitment to the ruling party’s ideology and bank on police inaction.

A Rejoinder to Deborshi’s letter to Kanhaiya

It is about the basic rights. About the release of those framed in fake cases. And the rights to speak. Against the puffed up bullies. The next stage is a next stage, and that depends on this struggle.

NEW GDP SERIES: A CLOUD OF SMOKE

Even the trained economists are now asking one simple question – in the light of subdued mood in almost every sector of the economy how come the GDP growth figures are showing such high figures – amidst dwindling world and domestic demand. The jury is definitely not yet out.