Q10 Development and Vision of India
Need Right Environment For Formalisation Of Industries: Raghuram Rajanhttps://www.ndtv.com/video/business/reality-check/need-right-environment-for-formalisation-of-industries-raghuram-rajan-601750 September 14, 2021
"Would You Call Government Anti-National?" Raghuram Rajan On RSS Magazine's Barb At Infosys
Renowned economist https://www.ndtv.com/india-news/raghuram-rajan-on-rss-attack-on-infosys-indias-economic-recovery-states-finances-cash-transfers-2541064 Dr Raghuram Rajan spoke to NDTV on a range of issue related to India's economy.
September 15, 2021
https://www.ndtv.com/video/exclusive/news/raghuram-rajan-on-rss-government-anti-national-raghuram-rajan-on-rss-magazine-s-infosys-barb-601822
Summary by Sukla Sen
Dr. Rajan has touched upon
(i) the open bullying of a flagship corporate body - A number of private sector firms have in recent months faced the ire of individuals in the government or entities close it, the most recent instance being that of Infosys. https://www.ndtv.com/video/exclusive/news/raghuram-rajan-on-rss-government-anti-national-raghuram-rajan-on-rss-magazine-s-infosys-barb-601822
(ii) the distortion of the "economy" in favour of the "big" and to the detriment of the "small" -- larger, more formal firms are experiencing significantly more profit growth as compared to the smaller firms, even among the listed firms. We are seeing a forced formalisation of the economy. We haven't supported our small and medium businesses to the extent that other countries have , https://www.ndtv.com/video/news/reality-check/raghuram-rajan-small-businesses-getting-extinguished-601793
(iii) the deliberate subversion of the "federal" aspect of the obtaining governance structure -- the rising revenues aren't being shared with the state governments, "State government finances are in a pretty bad way. The Centre has, sort of, swallowed up a significant part of the revenues through central cesses," https://www.ndtv.com/video/news/reality-check/raghuram-rajan-india-getting-too-big-to-be-run-exclusively-from-centre-601797
(iv) very much in tandem with that, over-centralisation at the Centre itself and its economic cost ... "India is getting too big to be run exclusively from the Centre. And that too not just from the Centre but from the 'Centre within the Centre'. This kind of over-centralisation holds us back." Decisions, he said, aren't being made until very late. On this front, he cited the example of appointing CEOs of government banks.
(v) the need for a sort of cash transfer scheme in the urban areas, broadly on the lines of the MGNREGA, in order to jack up "demand" so as to give a push to the stuttering "economy".... reported increase in gold loans -- people in India, he said, sell their family gold only when in dire straits -- and the marginal fall in consumption.
(vi) the suicidal short-sighted aloofness of capital vis-a-vis "democracy" ...businesses usually don't care as long as it doesn't affect them. They realise often late that when a government operates without checks and balances, it affects them eventually. Arbitrary decisions can then be taken with respect to the businesses, too.
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https://www.ndtv.com/india-news/rahul-bajaj-asks-amit-shah-if-we-criticise-you-his-reply-2141503
https://www.ndtv.com/india-news/rahul-bajaj-asks-amit-shah-if-we-criticise-you-his-reply-2141503
India colonises its ‘frontiers’ ASHISH KOTHARI https://wsimag.com/economy-and-politics/66908-india-colonises-its-frontiers 13 SEPTEMBER 2021 The quest to become an economic superpower is leading to sub-colonialism
Several hundred thousand hectares of forests have been ‘diverted’ for mining, dams, industries and so on, with the rate of diversion significantly rising since the 1990s..the process of occupation and dispossession that this has entailed is not so very different from what the British colonial powers did. In some parts of India it is even as brutal, where armed police have been used to evict resistant landholders, forest-dwellers and coastal fishers...its economy has become more privatized and corporatized, especially since the early 1990s..
Now, the Indian state is eyeing the ‘frontiers’ of the country that have so far been relatively less impacted by its development sub-colonialism – regions in its far north, northeast, and the islands off its coasts. the mindset of developing mentality is accompanied by undisguised attempts at cultural homogenization, in line with the agenda of the political party in power.
The most blatant of these relates to Lakshadweep. ..measures that were clearly aimed at undermining Islamic culture, such as banning meat in schools, opening up liquor shops, and specifying that anyone with more than two children would not be eligible for government jobs. Also proposed are major investments in tourism and urban development, and the Administration is seeking to concentrate more power in its hands to acquire any lands for this through a draft Lakshadweep Development Authority Regulation.
On the other side of India lie its second (much bigger) set of islands, Andaman and Nicobar. They contain rich rainforests and coral reefs, and with high degrees of animal and plant endemism and diversity, are considered a global biodiversity hotspot...The NITI Aayog, has proposed a massive investment ..(which) includes an international container trans-shipment terminal, an international airport, a power plant and a township complex.. 166 sq kms (16600 hectares) of the island, much of this comprised of biologically rich and globally important coastal systems and tropical forests, part of a World Heritage Site, will be exploited... Andaman & Nicobar Islands are also being proposed as one of the sites for a palm oil push that the Indian government is making.
Large-scale palm oil plantations are also proposed in north-east India, a region that has historically seen a convoluted approach by the Indian state... (besides militarisation) In the last few years one of the biggest investments, both public and private, has been in hydro-electricity projects, often touted as ‘green energy’ ..
And then there is Ladakh. The people here are a predominantly Buddhist and Muslim faiths, and as in the case of Lakshadweep, the central government seems to be pushing or supporting a combined strategy of neo-liberal development with cultural hegemony.
Other ‘frontier’ areas under attack are Kachchh, a unique, vast grassland and salt desert ecosystem with a largely pastoral, agricultural and crafts-based people in western India bordering Pakistan; and Kashmir in the Himalayan belt, whose special constitutional status of relative autonomy was taken away by the central government in 2019. Both have been are or being opened up for huge corporate investments
Govt Selling India or Monetizing National Assets? | The DeshBhakt with Akash Banerjee https://www.youtube.com/watch?v=XF0lb1hD0ow
Aug 24, 2021
Prime Time With Ravish Kumar: 70 साल में जो कमाया वो 7 साल में बेचने की तैयारी? https://www.youtube.com/watch?v=VfR0h9q3kl8
Aug 24, 2021 https://www.youtube.com/watch?v=VfR0h9q3kl8 is private sector more efficient? or does it transfer all its losses to banks?
लाखों करोड़ों की सरकारी संपत्तियों को लेकर इतना बड़ा फैसला हो गया लेकिन आज के अखबारों ने उसे केवल पहली खबर की जगह लगाकर अपनी जिम्मेदारी से हाथ धो लिया और सवालों को छेड़ने की जरूरत नहीं समझी. यह हाल विपक्ष की प्रतिक्रियाओं में भी दिखा. शायद इसलिए जो मुद्रीकरण (Monetisation) की जो पुस्तिका जारी की गई है उसमें विपक्षी राज्यों के भी उदाहरण दिये गये हैं.
https://youtu.be/N4XaSWbdWbI?t=342 Prime Time on Aug 25th.. Government has no right to be in Business, what about Services? Is the private sector so efficient? Why then is the bank defaults and write off to the private sector, so high.
The entire business of Partnerships, Leasing is also business, or will the old auction system bring out the best?
Back stories
https://www.ndtv.com/business/adani-group-to-pay-over-rs-3-lakh-crore-for-running-6-airports-2007162
https://youtube.com/embed/LiQXXs3f6qE?start=1774&end=2018 Rahul Gandhi: In our conception, in the UPA conception, there are different elements of our economic system -- there is the formal sector and there is the informal sector. We were pretty clear that both these sectors have an important role to play. In the formal sector, we are not for the creation of monopolies and as far as the informal sector is concerned, we are not for the assassination or the murder of the informal sector. The Prime Minister of India, is for the elimination of the informal sector -- the assassination of the informal sector, and the creation of monopolies in the formal sector. This is a huge part of what is going on here. and when you see airports going to the same person, ports going to the same person, everything going to two or three people, you are seeing the development of monopolists. The creation of monopolies in this country, is extremely dangerous for this country. We have dealt earlier with a monopoly in India . It used to be called the East India Company. It enslaved this country, it was basically a monopoly. That is what is happening now. We are heading into enslavement. So that is something that has to be understood.
Demonetization, GST the way they designed it, is designed to do two things-- No 1, it is designed to kill the informal sector, destroy the informal sector. because if you do demonetization, an informal sector person doesnt have the cash flow to save his business. You can ask any small businessman that if you give him a shock, like demonetization, he cant survive. And GST as it designed, today is essentially a tax on small and medium businessmen. It is targeting, to hurt them by making them formalise themselves, at tremendous costs, whereas a large company has no problem. A large company can hire five or ten accountants, but that individual - a shopkeeper, or Mithaiwala, does have the infrastructure to get those accountants. so he just dies. So those two ideas, were to destroy the informal sector. The three farm laws, are to destroy the informal sector in agriculture. and to insure that monopolists, can come into that sector. Mr Modi believes, that large monopolist, an transform this country. He does not realise that when you create such large monopoly, you cannot give jobs to people. And when you cannot give jobs to people, it leads to social tension, social anger, and then social explosion. So you will see, a dramatic increase in violence, you will see a dramatic increase in anger, you will see millions of youngsters, who cannot have a future. and they will look at the houses of these monopolists, and they will wonder what went wrong with India. That is what is happening.
Mr. Modi is an instrument. Mr Modi is not the Prime Minister. He is an instrument. He is doing particular job for these people.
1947 के शरणार्थियों से ज़्यादा बुरी गत किसानों की…. https://www.youtube.com/watch?v=eBepcmA4mf0
Aug 14, 2021
Nehru's word Tryst with Destiny had equivalence between farmers and modern economy... Uwhile ignoring the nine month old farmer agitation, govt has decided to observe 14th August of Parititon horrors day...
‘Partition Horrors Remembrance Day’ | Historical echo to Narendra Modi’s announcement in Twitter
@narendramodi 11 am
Partition’s pains can never be forgotten. Millions of our sisters and brothers were displaced and many lost their lives due to mindless hate and violence. In memory of the struggles and sacrifices of our people, 14th August will be observed as Partition Horrors Remembrance Day.
May the #PartitionHorrorsRemembranceDay keep reminding us of the need to remove the poison of social divisions, disharmony and further strengthen the spirit of oneness, social harmony and human empowerment.
What is the politics behind Partition remembrance Day? https://www.youtube.com/watch?v=XyKFv98G9ck Why does Modi want to remind us of Partition? Is the politics of Hindu-Muslim polarization behind this? Discussions with Mukesh Kumar include- Prof. Ram Puniyani , Gauhar Raza, Prof. Apoorvanand, Sheetal P Singh and Nirendra Nagar
The home ministry issued a notification later in the day in which the announcement was made part of gazette notification. https://www.thehindu.com/news/national/partition-horrors-remembrance-day-historical-echo-to-narendra-modis-announcement/article35914219.ece The incident recorded in the Assembly’s annals dates back to July 14, 1947. It had then been just over a month after Lord Mountbatten announced the partition of British India into two independent dominions of India and Pakistan in June 1947.
"The psychological distance between the urban and the rural is now much less as compared to the past. After all, India lives in its villages which cannot be allowed to lag behind in development. That is why special campaigns, including the Pradhan Mantri Kisan Samman Nidhi, are being implemented for the welfare of our farmers.
These efforts are consistent with the vision of an Atma Nirbhar Bharat, a self-reliant India. With abiding faith in the inherent capacity of the economy, the government has further opened up defence, health, civil aviation, power and other sectors. The government’s new initiatives to promote eco-friendly, renewable sources of energy, particularly solar power, have won praise around the world. If there is an improvement in the ease of doing business, it has a positive impact on the ease of living for all. "