Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
A good National leader has key attributes, should be honest (no phoning system), committed (larger national interest), have feel of people’s pulse (that is sometimes called political economy) and conviction in the action. Coming from the pen of ace critic sensed journalist like Mr. Shekhar Gupta, who I read with interest, the article provides a balanced review of the the NDA government, touching upon the above mentioned attributes. The economic friends of Mr. Gupta will also agree that like “Lakshmi”, economy is also unsteady and condition of equilibrium is is unstable, particularly when the Government has desire to change. The socialists try to have the comfort of equilibrium in no change situation and people and the state face heavy cost in long term. For a country to keep pace with social and economic development, the adjustments to dynamics of equilibrium should be part of National culture.
I would like to add the following: (a) swatch bharat abhiyan (80 million toilets built) and (b) rural electrification and energy sector reforms (such as cooking gas in 9 out of 10 homes, LEDs and 20GW solar energy)
It’s a little dythirambic. But let’s move on to this aspect. The disappointment after reading this article is that S. GUPTA is neglecting one aspect. What has been done in recent years has also been possible because the way has been prepared since 1947 by the predecessors of the present government team. The past is important to understand the present and to prepare for the future.
Mr Gupta, you have missed the vital point while writing about “political economy”. What about crude oil prices? These were historically low during the rule of Mr Modi. No PM was as lucky as Mr Modi is. Very high or high oil prices never gave any legroom to the previous PMs.
Please prove your point with data. You look at Oil prices in USD and demand lower prices in INR when INR itself has gone from less than 50 to above 75. This is nothing but intellectual dishonesty and an attempt to fool the casual reader.
Surprise,surprise, well analysed ,unbiased article on Na Mo. A surprise change Mr Shekar Gupta ji.
What is missing by successive gov. Is investment in agriculture infrastructure like checkdam in low rainfall area, storage facility, incentives for agriculture based industry as well as awareness among farmers to increase per hectare production. We already lost golden years to increase our manufacturing sector growth we can only increase couple of percentage at a time. I will say demonetization was not Modi’s failure it was failure of a country, corruption is so endemic whoever get chance do corruption
Excellent article with well balanced views. Out of the five successes enumerated in the article, the fourth one is of critical importance. Whereas demonetisation has been a costly mistake in the short run, the fact that it has some long term benefits is largely ignored. Improvement in Tax to GDP ratio is one of these benefits. In sum, how to evaluate Modi’s five year term? As usual, there are some hits and some misses. However, the evaluation will not be of Modi alone. All others, including Rahul Gandhi, will be subjected to critical evaluation. The end result is imponderable, as is the stock market movement. Modi has committed many errors; but certainly, Rafale is not one of them. My hunch is that the BJP will be somehow able to cobble up majority with help of known and unknown allies. But most probably, Modi will not lead the alliance.
Inflation targeting has been the pet obsession of the government since 2007. The devil is in the details – as to how it has been achieved. The inflation-targeting consensus has meant that Indian businesses raise money at some of the highest rates in the world. That makes our business financing anemic and uncompetitive. A large part of the failure to create jobs is due to this.
Insofar as reducing fiscal deficit is concerned, to the extent that it has been achieved through increased revenue is commendable. On the other hand, that component which has been achieved by cutting back on education and healthcare funding will come back to haunt us in the future.
That would require critical thinking which partisan hacks lack
“As the Modi government’s five-year term ends, let us list the five things it has got right. I repeat, for emphasis, that I look at this picture from the lens of politics, or political economy, not pure economics.” Mr.Gupta, why are you so defensive about saying something positive about Modi government?
Very good article Mr Verma after a very long time . Its balanced and it shows that you have been on the ground . Every government & leader are judged on their actions . True a lot is to be dome but the intent is there and it shows vs what we have seen in past governments.
Very well articulated article. It’s unbiased. It is important to appreciate good deeds of the government and criticise the bad one while reporting for ones own reputation sake. Most in the journalism business are either in one camp or the other and end up loosing the respect for being a professional journalist.
What a joke!. Your writing style will win you more than content. Every one knows, you are not that stupid.
Gupta ji, Can you please arrange for Walk-The-Talk or Off-the-Cuff interviews with NM and RG? Thanks.
A good National leader has key attributes, should be honest (no phoning system), committed (larger national interest), have feel of people’s pulse (that is sometimes called political economy) and conviction in the action. Coming from the pen of ace critic sensed journalist like Mr. Shekhar Gupta, who I read with interest, the article provides a balanced review of the the NDA government, touching upon the above mentioned attributes. The economic friends of Mr. Gupta will also agree that like “Lakshmi”, economy is also unsteady and condition of equilibrium is is unstable, particularly when the Government has desire to change. The socialists try to have the comfort of equilibrium in no change situation and people and the state face heavy cost in long term. For a country to keep pace with social and economic development, the adjustments to dynamics of equilibrium should be part of National culture.
I would like to add the following: (a) swatch bharat abhiyan (80 million toilets built) and (b) rural electrification and energy sector reforms (such as cooking gas in 9 out of 10 homes, LEDs and 20GW solar energy)
It’s a little dythirambic. But let’s move on to this aspect. The disappointment after reading this article is that S. GUPTA is neglecting one aspect. What has been done in recent years has also been possible because the way has been prepared since 1947 by the predecessors of the present government team. The past is important to understand the present and to prepare for the future.
I wonder one thing. He is talking bout t 5 years economy under nda but cautiously ignored demonitization…not a single word. do i smell a bhakt here?
Mr Gupta, you have missed the vital point while writing about “political economy”. What about crude oil prices? These were historically low during the rule of Mr Modi. No PM was as lucky as Mr Modi is. Very high or high oil prices never gave any legroom to the previous PMs.
Please prove your point with data. You look at Oil prices in USD and demand lower prices in INR when INR itself has gone from less than 50 to above 75. This is nothing but intellectual dishonesty and an attempt to fool the casual reader.
Surprise,surprise, well analysed ,unbiased article on Na Mo. A surprise change Mr Shekar Gupta ji.
Is it the same Sekhar Gupta, who wrote this ?
What is missing by successive gov. Is investment in agriculture infrastructure like checkdam in low rainfall area, storage facility, incentives for agriculture based industry as well as awareness among farmers to increase per hectare production. We already lost golden years to increase our manufacturing sector growth we can only increase couple of percentage at a time. I will say demonetization was not Modi’s failure it was failure of a country, corruption is so endemic whoever get chance do corruption
Excellent article with well balanced views. Out of the five successes enumerated in the article, the fourth one is of critical importance. Whereas demonetisation has been a costly mistake in the short run, the fact that it has some long term benefits is largely ignored. Improvement in Tax to GDP ratio is one of these benefits. In sum, how to evaluate Modi’s five year term? As usual, there are some hits and some misses. However, the evaluation will not be of Modi alone. All others, including Rahul Gandhi, will be subjected to critical evaluation. The end result is imponderable, as is the stock market movement. Modi has committed many errors; but certainly, Rafale is not one of them. My hunch is that the BJP will be somehow able to cobble up majority with help of known and unknown allies. But most probably, Modi will not lead the alliance.
If you praise NaMo , RaGa will kick you out !
Inflation targeting has been the pet obsession of the government since 2007. The devil is in the details – as to how it has been achieved. The inflation-targeting consensus has meant that Indian businesses raise money at some of the highest rates in the world. That makes our business financing anemic and uncompetitive. A large part of the failure to create jobs is due to this.
Insofar as reducing fiscal deficit is concerned, to the extent that it has been achieved through increased revenue is commendable. On the other hand, that component which has been achieved by cutting back on education and healthcare funding will come back to haunt us in the future.
Shekhar ji join BJP. You are better at defending modi than any bhakt….modi will give u place in cabinet for sure.
Any comments regarding the article?
That would require critical thinking which partisan hacks lack
“As the Modi government’s five-year term ends, let us list the five things it has got right. I repeat, for emphasis, that I look at this picture from the lens of politics, or political economy, not pure economics.” Mr.Gupta, why are you so defensive about saying something positive about Modi government?
Very good article Mr Verma after a very long time . Its balanced and it shows that you have been on the ground . Every government & leader are judged on their actions . True a lot is to be dome but the intent is there and it shows vs what we have seen in past governments.
not verma, gupta
The fact is UPA-2 budget was not Manmohan’s , but Sonia Gandhi’s! MMS was nothing but “the behind the scenes” Her Majesty’s Voice!
Very well articulated article. It’s unbiased. It is important to appreciate good deeds of the government and criticise the bad one while reporting for ones own reputation sake. Most in the journalism business are either in one camp or the other and end up loosing the respect for being a professional journalist.