Will the Hunt for Black Money Fall Flat?

Reports are emanating from different quarters about the seriousness of the government to curb the black money.

Will Rajan Idenify Faultlines Before Reducing Interest Rates?

Clamor for interest rate cut is gaining ground day by day. Finance Minister has already lent his moral support for a reduction.

An Economy of Watering Holes

The Kerala High Court decision upholding the decision of the Kerala Government for closure of the bars in two and three star’s hotels in the state by today evening was on the expected lines.

Cabinet Expansion-Gainers vs Losers

In any reshuffle of the ministry, there will be some who will cheer, some suffer heartburn.

When will we say No to Union General Budget?

Indian Fiance Minister Arun Jaitley will move the second General Budget on 28th February 2015.

Showing posts with label Politico-Economic Commentary. Show all posts
Showing posts with label Politico-Economic Commentary. Show all posts

Saturday 22 November 2014

What Happens When Modi meets Obama in New Delhi on 26th January 2015?




                                  What Happens When Modi meets Obama  in New Delhi on 26th January 2015?

News reports are pouring about the forthcoming visit of US President Barak Obama to India to be the guest of honor for the Republic Day   parade of India, a ritualistic event held every year with a lot of enthusiasm and fanfare. Those who are known about Prime Minister Modi's penchant for event management will vouch that it will be a perfect show played to the prepared text and candor. Bereft of any  major business consultations, the event most probably will be marked by bonhomie and to an  extent some theatrics by both leaders  to gravitate towards the public. It will be tagged as an exercise to build people - to-people contacts and to cement the sentimental ties between the two largest democracies.
There are apparently some similarities between  the two heads of states. One was a tea boy and the other in his younger days carried the baggage of discrimination on several counts. Both are self made people who worked their way up despite discrimination and apathy from the so called elite class. Both are people who had fought the system from within and every mental agony perpetrated unto them  honed up their fighting skills and sagacity and perseverance to face adversities. Importantly, both of them are crowd pullers and to a very great extent made to the top through their oratory and organizing power.
There are  marked differences between the two. Prime Minister Modi had the advantage of growing up in a family along with his siblings in a poor yet comfortable family confines. But President Obama had faced the vicissitudes of life right from the beginning. He was born into a multi-racial and religious family, his father a Muslim and mother a Christian,  his early separation from his father, his sojourn in Indonesia along with his mother and step-father, his return to the US to continue his studies under the supervision of his grand parents having diametrically opposite characters (see his autobiography), his early disdain with studies and the signs of a rebel are well documented by him.
President Obama was born in a land of opportunity and that way he could work his way up once he made up his mind to shun the past and look towards the future. From a social organizer, who worked at the grassroots fighting for the rights of the underprivileged and underdogs, when opportunity presented, he quickly grabbed it and made most of it by enrolling himself  at the best law school in the world - Harvard  Law School- and from there there was no looking back.

Prime Minister Modi' that way was not lucky to get education from ivy league. Drafted into the cultural wing of the BJP at an young age( that time it was known as Jansangh), the RSS, Modi  from his own accounts graduated to a  Prachark  (an organizer of sort) from  a tea boy, and got himself intensely involved in the activities of the organization. Whatever education he could get was through correspondence courses. There is a mismatch between his political acumen and known scholastic achievements. He would have made up that deficit  by traveling across the country and beyond and  actively participating in the social outreach programs.

Like Prime Minister Modi, President Obama has sentimental attachments to his roots. His visit to Kenya in the later part of his life, his association with his half siblings, step-father and a few unknown step-mothers, his paternal grand mother  and close relatives in Kenya are reminders of his sentimental touch that go beyond the  comprehension of  a suave, urbane and  highly educated person. That also highlights his capability to connect with the people. One looming picture that comes to mind is Prime Minister Modi visiting his mother in a nondescript house in Ahmadabad to seek  her  blessings surrounded by his relatives  after getting the mandate to  rule the largest democracy in the world.
Interestingly, President  Obama had realized that fighting against discrimination needed support from all sections of the people including those who vehemently perpetrated that in their action. His idea was to fight against the mindset and not the man. In his struggle towards that goal, he took the support of all - whites, browns,blacks, Hispanics, gays, single parents etc. That is why he had become the first elected black President of the United States. His is a treatise that will be remembered for ever and emulation was that is near impossible.  
President Obama, for some strange reason, has a culinary affinity with India. In his autobiography,  he mentions about our poor samosa several times and if my memory is right   there are narrations of him gorging that poor man's delicacy either in US or in Kenya. While I do not know whether Prime Minister Modi likes burgers or hotdogs, I am reasonably sure tat some delicacies of  Gujarat may find place in the exclusive menu card crafted for President Obama.
 Importantly, as days roll by, President Obama may  be inching towards the  end  of his career as the President of the United Sates of America, whereas Prime Minister Modi has just started his run. Does it portend anything significant?                   

Sunday 9 November 2014

Cabinet Expansion-Gainers vs Losers



                     
In any reshuffle of the ministry, there will be some who will cheer, some suffer heartburn (they are not losers in the real sense). some who despise their fate being unlucky and a whole lot of people who are indifferent. I belong to the last category. I am indifferent for I feel that it will not make any difference to my existence. That is ture for all those in the last category.

A lot has been written in the media about  the cabinet expansion. Media also gave their own rating, good, bad, ugly and so on. I remember that once a seasoned journalist told me that Indian public is very emotional, sensitive and more importantly, has a short memory. Journalists  take advantage of these attributes in one way or the other. They criticize a person to the hilt, bring all his negative side before the public glare and all on a sudden, when he or she makes a grade, media laps it up. There are people in the expanded ministry, who have been pulled up by media for his vituperative utterances which created a lot of commotion and finally accommodated in the ministry. The only reason that I can figure out is that the state he represents will be going to polls next year and he can be a potential vote catcher.

I often wonder why our ministers are allowed to babble everything when it comes election. Should we have a law  that prevents any individual who takes oath in the name of the constitution from taking partisan stand? During the time he or she holds the constitutional power, that person should be debarred from electoral politics.  This will mean that the prime ministers, chief ministers, other ministers in the Center and states should not go for election campaign, during the incumbency of his or her office. It is a different matter they go for the campaign when the elections are announced. Such a time span between the announcement of election and the time the elections get over,he or she at best will be a part of the caretaker government. That way, they will not be able to take any decisions in the intervening time. Undoubtedly, such a measure will shore up the credibility of the government and the public will repose faith in them.

 The newly expanded the ministry, according to media reports, is slim, mean, experienced, has set to the caste equations and so on. I really do not understand the nuances of these adjectives. But one thing is very clear, as it was the case earlier, each aspirant was planting the stories in media  in ones  favorite newspaper to enhance his or her chances. Some of them have succeeded in their effort and good luck to those who could not succeed for next time.
 Coming to the kick start of the economy. Now that the finance minister can focus only on his portfolio. He need not have to oversee the complex ministry of defense, where there are myriad of challenges and issues. If hands on experience  is the criteria, General VK Singh would have fit the bill as defense minister. But he seems to be sidelined to an innocuous ministry of program implementation and statistics and the earlier portfolio of DONER has been taken out of him. Does it have anything to do with his performance?   
Now the ministers  holding the economic portfolios are the finance minister Arun Jaitley , Commerce & Industry Minister Nirmala Sitaraman, Railway Minister Suresh Prabhu, Aviation Minister Gajapati Raju and others holding chemicals, fertilizers, power, portfolios etc. Can they put together their act well. Only time will tell that. But one can forewarn them that not many months they will have the luxury of a favorable media. They have to establish themselves through their hard work, integrity and peoples' connect. otherwise, there will be many like Gowda's, VK Singh's and Javedkar's in the next reshuffle.

Business Economics & Services Team (BEST)