P Chidambaram is former Finance minister of India.
The most pressing concerns that are uppermost in everyone’s mind are: jobs, credit growth and investment.
It has emerged, through whispers of course, that besides the Prime Minister no more than four officials were in the loop, and the Chief Economic Adviser was not among the four!
The reality is the old notes will be replaced by new notes. Hence, the true test will be the answer to the question ‘what proportion of the old notes will be tendered for replacement’? It is only the notes that are not tendered that will be ‘demonetised’ in the true sense of the word
Bhopal encounter: Police claimed that all eight had been killed in an ‘encounter’. Was it true or fake? The people of India have, regrettably, tolerated encounters of both kinds.
The opportunity has come with the publication of the World Bank Group’s annual report titled ‘Doing Business 2017: Equal Opportunity for All’. The verdict on India is disappointing.
In the days preceding the summit, India was preoccupied with one subject: Pakistan-sponsored terrorism.
As the Army’s spokesman said, “this is not the first time and this will not be the last time”. The LoC is a line of truce.
The MPC’s statement, with unanimous support, is significant not only for the cut in the policy repo rate but also for the analysis of the economic situation.
Since the 1960s, we have approached the issue of ‘freedom vs control’ from the wrong end.
The UPA government’s policy towards Pakistan was an attempt to forge a policy that would safeguard the territory of India, secure the country against terror attacks, and deter Pakistan from embarking upon any misadventure in Jammu & Kashmir.
Instead of sending more troops to the Valley, withdraw some units from the populated areas of the Valley and send them to the border to strengthen the defence against infiltrators and potential terrorists. Send the message that the government trusts the people not to violate law and order.
The Court declared that the Collegium of judges would have exclusive authority to select candidates for appointment as judges of the Supreme Court and the High Courts.
The question is how likely is it that India will call upon the US to provide logistics support? How often is an Indian long-range vessel (we have one aircraft carrier) likely to visit a US port?
Dalits are angry about the hollowness of the current hyper-nationalism where everything about India is called great and every criticism is labelled as anti-national.
At a meeting on August 12 and in his Independence Day address, according to some BJP leaders, Modi has opened the door to a brave new world! Has he? I doubt if the PM had weighed the consequences of his words
What awaits the new Governor? To his successor, and to the Prime Minister and the government, Dr Rajan has left valuable messages.
If the government believes that GST will be a more efficient tax that will enhance revenues and reduce tax evasion, it must be prepared to take some risks.
No one is surprised when PM Modi seizes the occasion and speaks. It is only when he ignores the occasion and withdraws into silence that questions are raised.
During the debate in Parliament last week, many members acknowledged that Kashmir is more than land, it is people.
That is a legitimate view. It is a view shared by many political parties (with some variations). It is also the view of the defence and other security forces.
I believe that in the next 25 years we have a good chance of wiping out poverty completely — in the case of at least 100 million people it is abject poverty.
'The BJP was voted into office by 31 per cent of the people who took part in the voting... I am sure, the Prime Minister has often pondered on how to wean some of the 69 per cent to his side.'
It is wrong to think that economic reforms consist of announcements or a few deft strokes of the pen making changes in some policy or other.
No government can pronounce anyone guilty or innocent. No one can declare that Ishrat Jahan and three others were ‘terrorists’.
The GDP growth number is an approximation of the underlying economic activity. Many economic decisions of the government and private investors are based on that number.
How does the government change the behaviour of its citizens in the matter of defecation given the social structure of a village with limited resources?
My government has greatly benefited by the Nirmal Bharat Abhiyan and the National Skill Development Mission launched by the previous government. We have scaled up the two programmes which are now being implemented as Swachh Bharat and Skill India
As it turned out, the election results were as expected a few months ago — that is before the spin masters and the pollsters took over and created a mystery around the elections.
Many who had voted for the BJP are looking for alternatives, as they did in the elections in Delhi and Bihar.
Every commentator has acknowledged that the best years of the Indian economy (“boom years” according to the current Chief Economic Adviser!) were 2004-2009, that is the period of UPA I.
The CJI proposed the idea of a Court of Appeal which would be a beginning of the end of an over-burdened and choked Supreme Court and the restoration of a true Constitutional Court .
Dr Rajan was not obliged to explain what he had meant, but he did explain a few days later and reminded his critics that a central banker has “to be pragmatic and cannot get euphoric”.
The project of building a Union of States will reach its culmination when the people of the three regions of Jammu and Kashmir feel they are truly a part of India.
The government’s intentions may be good, but that is not enough. As the saying goes, the way to hell is paved with good intentions. The government must boldly tackle the problems and take the difficult decisions. That alone will promote new investments.
I do not doubt the intentions of the government. My worry is, does the government have a firm grasp of the current economic situation.
'Project Nationalism' seeks to bludgeon the people to submerge their individual identities in a presumed national identity