P Chidambaram is former Finance minister of India.
Is there a re-think under pressure from the so-called swadeshi lobbies? Just before the Budget, and in the Budget, the government announced a number of measures that seem to suggest that the protectionist (and taxation) lobbies have gained strength
It is an insult to the people’s intelligence to announce a grand scheme without forethought or preparation or money in the last year of the term of the government.
Dr Arvind Subramanian has been a good doctor since his appointment as the CEA in October 2014. The NDA government has been a terrible patient. The uneasy relationship between a good doctor and a bad patient is best illustrated by the divergence between the Economic Survey (ES) and the Budget
Budget 2018-19 has the announcement, the jumla. It has no goal or focus.
If industries/businesses in the organised sector that employed 20 or more persons can generate 55 lakh new jobs in a year that qualified for enrolment under the EPFO, then we can declare that India has, truly and comprehensively, slain the demon of unemployment!
There is another acclaimed report published every year. It is the Annual Status of Education Report (ASER). We have a new report (2017) on the status of education in rural India and it was published on January 16, 2018.
Twenty-seven days before the Budget, it was an awkward time to speak extensively on the state of the economy or to give any assurances.
We cannot allow ourselves to be caught between a hard place and a hard place. If we do, the losers will be the people of J&K and India will lose the opportunity to find a political solution.
The year 2017, to which we bid goodbye today, was replete with bizarre statements.
The BJP’s leadership has reason to be despondent that it lost 16 seats (from the 115 seats it had held) and was nowhere near its declared goal of 150 seats. The Congress’s leadership has reason to be disappointed because it came so near (80 seats) but couldn’t cross the finish line (92 seats)
The new normal is that every rule will be bent to influence the election.
I shall readily admit that the issues of development and jobs and price rise are common to all states. In the past too, ruling parties attempted to side-step the real issues, but wise voters changed the government.
Mr Modi should speak on matters that concern all of India such as farmers’ distress, oppression of Dalits, discrimination against minorities,.. Even during a state election, Mr Narendra Modi should speak as the Prime Minister of India
The people should never let any government forget that nearly 22 per cent of India’s population is still poor and they also have the right to a life of dignity — a truth that Indira Gandhi had acknowledged and defended in her lifetime.
A similar sense of disappointment prevails in Gujarat which goes to election in December. The much-touted ‘Gujarat Model’ is being dissected and examined. Even before 1995, Gujarat’s growth rate was higher than the national average and Gujarat has maintained that edge
Demonetisation was a thoughtless and rash decision that turned out to be a colossal mistake and imposed a huge cost in terms of denting economic growth and heaping misery on millions of ordinary people.
Given the BJP’s penchant for inventing acronyms, it could have given the tax a name other than GST, because what we have got is not a true GST nor a ‘good and simple tax’.
Recapitalisation is a half-reform done three years late, as pointed out by the Chief Economic Adviser on October 25. According to the CEA, it has to be accompanied by — I would say preceded by — banking reforms and tough governance standards. There is no word from the government on these concomitant reforms
'I cannot recall the Prime Minister making food security a mission, nor did the government propose an alternative to the NFSA.'
What the Prime Minister’s researchers and speech writers failed to tell him was that if all sectors of the economy were not growing, the economy will witness a recession, not a slowdown
It is not difficult to construct a picture of the person or persons who probably committed these despicable murders. Almost certainly, they belong to right-wing groups. They question free speech and India’s diversity.
How did we go from the great expectations of the summer of 2014 to the disappointing autumn of 2017?
In my view, "organised loot and legalised plunder" aptly describe the NDA government’s policy of taxation of petrol and diesel.
Every economist is agreed that India’s economic growth has slowed down. The Chief Economic Adviser has candidly admitted the fact, only his government is in denial! If a government is in denial about the slowdown, it is fair to conclude that it is also clueless about the causes of the slowdown.
Justice K S Puttaswamy has enlarged and enriched the freedom that we won in 1947. Today, we will celebrate. Tomorrow, there will be other challenges and those too we shall overcome
Since demonetisation, quarterly growth (and hence annual growth) has settled at between 6 and 7%. The CSO numbers for Q1 of 2017-18 are worse: GDP 5.7%, GVA 5.6% and manufacturing GDP 1.2%. Is that not a catastrophic blow to the economy?
How and why the caste system has survived through the centuries is a puzzle. Why did the Kshatriyas and Vaishyas, who had power and money, accept the Brahmin as their superior? Why was the guru invariably a Brahmin?
The RBI’s monetary policy statement has confirmed many of the conclusions. According to the RBI, business sentiment reflects expectations of moderation of activity in Q2 of 2017-18 (read slower growth).
It is time to do a health-check of the economy as free India completes 70 years.
In the post-truth world, more and more people are believing what is not necessarily true. They believe that ideology is dead. The only ‘thing’ you have to believe in is ‘What’s in it for me?’ asks P Chidambaram
I believe the Government of India when it said: “India has conveyed to the Chinese government that such construction would represent a significant change of status quo with serious security implications for India.” However, that is not enough. The government owes a duty to the people to explain what has changed and why. Such a statement can come only from the PM
Wherever I go, I hear that education loans have dried up. The average growth rate in the last years is just 5.3 per cent. When a programme winds down, the worst affected will be the poor who do not have any influence or connections.
Just as the militants have taken a maximalist position that has to be rejected out of hand, the Central government has taken a maximalist position that has aggravated the problem. The people of the Kashmir Valley are caught between the two maximalist positions.
The popular belief is that the BJP is pulling the strings that hold the four factions (of the AIADMK). It could be part of the BJP’s political strategy to carve out a space for itself in Tamil Nadu politics.
The worst tendencies of the Indian State and politics and business have found their way into the design of the GST that was launched yesterday. Many of the flaws in the design were the result of forced political compromise, writes P Chidambaram
We are inheritors of a sound economy, on the verge of higher growth, and we have to live up to the high standard of a few years ago. We cannot encourage high tax rates or high handed tax administration, for no nation can have a vibrant economy whose tax laws and tax administration are narrow in thought or application.