Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
All these measures are doomed to fail even before they start as they are just an exercise in headline management. There is no serious intent to reform or transform the Indian economy.
The Indian elite do not believe in economic reforms and are comfortable with the status quo as it is to their advantage. They do not want to lose their power and privilege, and move towards a rules-based, market-oriented system, with minimal cronyism. Moreover, reforms have never been sold to the people, and have always been done by stealth except in 1 or 2 cases.
A cursory look at the last 28 years would be enough to prove this point.
In the case of Germany, they completed the restructuring and sale of 8500 companies in former East Germany in 18 years. After 28 years of reforms where are we?
Every one knows a brain surgeory can be done ONLY by brain surgeon.
The story developing around India’s economy in 2019 until about October 2019 has not been different than that was predicted by this Vedic astrology writer. The predictive article – “ The year 2019 astrologically for India” – was published last year 2018 on 7 October at theindiapost.com. Later in 2019 , another article – “World trends in April to August 2019” – was brought to public domain widely in March and subsequently on 5 April 2019. The sum and substance of these predictive articles was that economic slowdown in 2019 called for more care and appropriate strategy. These predictive alerts have mostly turned out to be meaningful during the period covered. Now , readers would be interested to know this writer’s predictive alerts for remaining period of 2019 and also , the coming year 2020. Yes , these have been brought out on 10 October , 2019 through article at theindiapost.com/articles/predictions-for-coming-year-2020-by-kushal-kumar/ . Briefly speaking , the highlight of remaining period of present year 2019 and first three months of coming year 2020 has been predicted to be focus of the Central Govt to deal with the roadblocks in the growth , mainly economic growth. It has been predicted in the article that ‘ elephantine endeavors’ in that direction look to be likely. And news media reports during second half of October and November 2019 have brought out big initiatives and reforms , both taken and in pipeline , by the Central Govt aimed at addressing the economic woes of the country.
Mixed feelings. Privatisation is imperative, in the long term interest of the economy. However, it is clearly being done under the utmost distress, which could have an important bearing on the price the government will receive. Also, the proceeds will be used not to create public assets / infrastructure but to pay for profligacy on the revenue account.
All these measures are doomed to fail even before they start as they are just an exercise in headline management. There is no serious intent to reform or transform the Indian economy.
The Indian elite do not believe in economic reforms and are comfortable with the status quo as it is to their advantage. They do not want to lose their power and privilege, and move towards a rules-based, market-oriented system, with minimal cronyism. Moreover, reforms have never been sold to the people, and have always been done by stealth except in 1 or 2 cases.
A cursory look at the last 28 years would be enough to prove this point.
In the case of Germany, they completed the restructuring and sale of 8500 companies in former East Germany in 18 years. After 28 years of reforms where are we?
Every one knows a brain surgeory can be done ONLY by brain surgeon.
The story developing around India’s economy in 2019 until about October 2019 has not been different than that was predicted by this Vedic astrology writer. The predictive article – “ The year 2019 astrologically for India” – was published last year 2018 on 7 October at theindiapost.com. Later in 2019 , another article – “World trends in April to August 2019” – was brought to public domain widely in March and subsequently on 5 April 2019. The sum and substance of these predictive articles was that economic slowdown in 2019 called for more care and appropriate strategy. These predictive alerts have mostly turned out to be meaningful during the period covered. Now , readers would be interested to know this writer’s predictive alerts for remaining period of 2019 and also , the coming year 2020. Yes , these have been brought out on 10 October , 2019 through article at theindiapost.com/articles/predictions-for-coming-year-2020-by-kushal-kumar/ . Briefly speaking , the highlight of remaining period of present year 2019 and first three months of coming year 2020 has been predicted to be focus of the Central Govt to deal with the roadblocks in the growth , mainly economic growth. It has been predicted in the article that ‘ elephantine endeavors’ in that direction look to be likely. And news media reports during second half of October and November 2019 have brought out big initiatives and reforms , both taken and in pipeline , by the Central Govt aimed at addressing the economic woes of the country.
Mixed feelings. Privatisation is imperative, in the long term interest of the economy. However, it is clearly being done under the utmost distress, which could have an important bearing on the price the government will receive. Also, the proceeds will be used not to create public assets / infrastructure but to pay for profligacy on the revenue account.