P Chidambaram is former Finance minister of India.
The consequence is that the government revenue has become oil-dependent, government is loath to give up easy revenues, and there is mounting anger among the people as prices of petrol, diesel and LPG soar every day.
RBI had done no study or preparatory work; yet the Central Board of RBI hurriedly met on November 8, without an agenda and without a background note, and dutifully “recommended” that the notes may be declared no longer legal tender.
The reality is that a loan of Rs 47,268 is not sufficient to create a job. That amount may be enough to buy some tools or furniture or install an air conditioner or a refrigerator. It may be used as additional working capital. By no stretch of imagination will Rs 47,268 create an additional job.
The first year was promising and the second year too started well. The first major blunder was demonetisation on November 8, 2016. This was followed by other blunders — flawed and hurried implementation of GST and tax terrorism.
To most of his party colleagues and the RSS, he was the right man to lead the ‘right’ party. To many belonging to other parties, he was the right man in the wrong party!
Autarky will never be dead and buried six fathoms deep. It has a way of rearing its head from time to time, and that is what seems to be happening now under the BJP-led NDA government.
Mr Imran Khan has said that if India will take one step forward, he will be prepared to take two steps forward. That may simply be posturing on the eve of being sworn in as Prime Minister, but nothing will be lost if we take Mr Khan at his word and appeal to him to deliver on his words
The no-confidence motion was lost, so was an opportunity to answer the questions of the people.
Can small countries match big countries? They cannot ever in land area or population or military power, but they can in other parameters that actually matter to the people.
Both Najeeb Jung and Anil Baijal knew exactly what they were doing as Delhi L-G , yet if they did act in a peculiar manner, it was not because of ignorance but because of subservience.
During the last four years, mobs of both kinds — the one, on the ground, and the other, in the virtual world, have grown in number and size.
It is in India’s interests to be one of the adults in the room and stand up for an open trade order. True, India is not the US or China but is big enough to count... What the world requires is a coalition of sensible countries that will anchor world trade while a few countries disrupt world trade.
When the political parties demanded a ceasefire for the Ramzan month, the Chief of Army Staff had taken upon himself the responsibility of answering the demand and had said, “Azaadi is not going to happen, never... if you want to fight us, then we will fight you with all our force.” Following the imposition of Governor’s rule, he repeated the cliched phrase that “anti-terror operations will continue” and added “we don’t have any kind of political interference”.
The world’s leaders hear the Prime Minister and applaud his appeal to embrace diversity; and then they read about happenings in Dadri (Mohammed Akhlaq); Alwar (Pehlu Khan); Una (Dalit boys); and Bhima Koregaon (Dalit gathering). They shake their heads in disbelief and are confused... Whither the diversity that we advocate to the world?
The mood of the nation is despondent. In the RBI’s survey (May 2018), 48 per cent of respondents felt that the economic situation had worsened in the last one year. In some sectors, like agriculture, despondency has turned into anger. Among some sections of the people, like Dalits and unemployed youth, despondency has turned into despair.
Under the government of Mr Narendra Modi and his cohorts in the states, unlike the government of Mr Vajpayee, intolerance is the new normal.
Public anger is building against high prices of petrol and diesel. Between 2014 and 2018, due to low prices of crude oil, government saved Rs 15 per litre in the cost of production of petrol and also increased the excise duty by Rs 10 per litre. Same with diesel. With a relentless rise in retail prices, government has no choice but to cut the excise duties which it is loath to do. The one-trick pony has no other trick up its saddle.
The question that remains is, will the legislators elected on their respective party symbols remain faithful to the party, to the voters who supported them, to the unwritten rules of a democracy, and to the Constitution of India?
There was no animosity between the stone-pelting youth of Kashmir Valley and Thirumani’s family. His death was, what is heartlessly called, collateral damage.
Mr Siddaramaiah must prove that his decision to contest from two seats did not prevent him from campaigning vigorously for the maximum number of Congress candidates. Above all, he must keep the focus on 2 Reddys + 1 Yeddy — a slogan gifted by Mr Modi!