P Chidambaram is former Finance minister of India.
Now, after Jayalalithaa’s death, the AIADMK is poised to undergo another self-destructing transformation.
The government should have adopted an expansionary strategy coupled with bold and broad reforms.
Budget 2017-18 will be remembered not for any bold measure but because it did not do great damage to the economy.
"I think the government, having shot itself in the foot by demonetisation, should quietly accept that growth in 2017-18 and 2018-19 will be between 6 and 7 per cent," says former finance minister P Chidambaram.
The Chief Economic Adviser has promised a detailed analysis of the subject in the Economic Survey that will be presented to Parliament on the eve of the Budget. However, there is no word yet from the government.
The only engine that appeared to be running was government expenditure. In this scenario, what can be expected regarding the growth rate in 2016-17?
The RBI’s main objectives in 1934 and now are the same to issue bank notes and to keep the reserves.
As 2016 draws to a close, the whole country should be celebrating the state of the economy, but there is no joy anywhere. Why are the people sullen, dejected and apprehensive about the immediate future?
Why should the government or its numerous agencies have access to our lives through access to Big Data?
When change takes place, there will be winners and losers.
The government claims there will be a 'new normal'. Many will believe that the 'old normal' was better.
‘Monumental mismanagement’ seems to be the signature tune of the NDA government.
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’.