Indonesia's GDP shrank 3.49% from a year ago, but officials saw hope in the fact that the contraction was narrowing. Finance Minister Sri Mulyani Indrawati said the worst is over.
The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.
The declaration of recession comes amid polls that show Trump’s standing slipping, as US reels from the pandemic, its economic impact & racial justice protests.
Michael Patra, RBI deputy governor and a member of the panel, said the ‘damage is so deep’ that India’s potential output has been pushed down, and it will take years to repair.
The Bank of England has predicted that a three-month lockdown could lead to a 14% slump this year — the deepest recession since the early 18th century.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Up to 100% foreign ownership of insurance firms, and overhauled rules for banks, pension funds and capital markets aim to shift savings from idle assets toward equities, bonds and long-term investments.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Federalism did not die when Indira Gandhi was dismissing governments of opposition parties in sixties and seventies of last century ( 1966 0nwards) . Stop this type of fear-mongering that federalism is in danger of being extinct. But why to stick with federalism, ? The authour seems to be , well educated journalists but always seems to indulging in spreading the message and press notes and instructions received from some ex-dynasty . India has three layers of Government . These layers were O.K in pre- instant communication era. Now , with explosion of IT, Internet , satellites , Mobiles A. I. etc. where message can be communicated, instructions given , performance monitored on real-time basis , why to have multi-layer administrative set up ? Time has come to do away with state governments or to reduce their powers. a strong central Government , with some diffused power centers like elections commission, various Commissions — human life commission, a powerful Education Commission etc having well defined powers and jurisdiction on whole of India should be considered , when whole world is becoming a global village. 21 st century needs to administered with tools, technology of 21st century . The country should be prepared to have unitary political set up as international threats can not be met with diversified command centers.
I didn’t know people could be so foolish and write such drivel, which too gets published in portals like ThePrint. If we even implement a modicum of change like you have proposed, suffice it to say there will be civil war in India. Go figure why that will be the case. Another Hindi speaking, overbearing, smug, North Indian ? spotted!
I agree that a country of our size cannot be run from Delhi. But the term cooperative federalism is somewhat misleading.
It works well when there is cooperation. As the word impliws the cooperation can not be one sided.
The core of the divergence ocurs from the penchant for hand outs, often for special interests with purely election in mind by states.harmonisation of conomic policies are the corner stone of cooperative federalism.The changes in agricultural procurement requires major transformation in the long term
of crop production .practices in states like Haryana and Punjab. With a polarised polity, dialogue will be one of a dialogue of the deaf.
While I do concede that dalogue is good , but talks without outcome is meaning less. And please do not threaten the country with militancyb bogey. I wonder whether militancy is apart of cooperative federalism
“One nation one election” is a dog whistle like “Hum paanch hamare pachaas.” What they mean by this is – keep voting for us otherwise you will have to suffer the fact that a replacement govt will give Dalits, minorities, tribals and other poor people the same rights that you enjoy. The BJP-RSS govt only wants the mega rich to keep getting richer – the rest must maintain status quo. Poor should remain poor and beholden to the rest. Middle class should always be dependent on the govt or private sector to employ them and work all their lives to repay loans for expensive housing and expensive education for their kids.
Laughable arguments.
People, when blinded by ideology, would go to any extent to oppose progressive and well-intentioned acts. The farm laws were hailed by agricultural economists across the nation. No less than Prof. Ashok Gulati, the doyen of Indian agricultural economists, has approved of the laws. In fact, he “disapproved” saying that the law should have been much more market friendly, much more bold in its sweep.
However, the opposition to the farm laws has been purely political. No scholar has endorsed the viewpoints of these politicians who want the farmers to be at the mercy of the APMC middlemen forever.
Its sad to see that certain journalists, simply because they hold everything “saffron” in contempt and disdain, participating in ideology based disinformation campaign against well intentioned and progressive laws.
India has been doing pretty good these past decades. Let us not be misled by rhetoric.
What constitutes federalism? In India the State Governments are from different parties. The constitution affords them independence of Governance. As a common man what I see is that the State Governments blame the Centre for all ills and take credit for all that is good.
Let us first see real Governance from the State Governments under what is before clamoring for more when we see that they are incapable of handling matters that are totally within their powers.
The differences are evident in the various reports (statistics) available.
I’d rather have a strong functioning central govt rather than three dozen states run by political dynasts who care two hoots to what happens to the nation as long as their gaddi is family preserve.
Dear author: save your breath, India will save itself
I’d rather have a strong functioning central govt rather than three dozen states run by political dynasts who care two hoots to what happens to the nation as long as their gaddi is family preserve.
Dear author: save your breath, India will save itself
My god Shivam Vij depreciates day by day to new low of journalism. All his articles are opinions and not fact based as with Mr. Shekhar Gupta. Shivam Vij would do better as a blogger than a journalist.
Frankly The Print is only running due to charisma of Shekhar Gupta, otherwise no one knows people like Ruhi Tewari who has a perticular phobia of Yogi Adityanath and Shivam Vij.
Shekhar Gupta should better establish Print before he retires otherwise these types of journalists would drag it down to gutter.
Please for god sake tone down you opinions and present us with factual criticism of government rather than propaganda.
And if by chance the luddite liberals to and selective secularists come to power, there will be no Diwali either.
And you think Sangh worked hard on the Hindutva project for the last 100 years just so that aloo is rs 5 cheaper in the bazaar?
These crocodile tears over dying federalism is just the Authors frustration over the opposition not being able to create difficulties in governance for BJP govt. Modi tried cooperation and discussion when he first came to power in 2014. But the opposition, who couldn’t digest the fact that a saffron govt led by Modi did actually come to power, something they didn’t expect, made it just a point to oppose anything and everything using Rajya Sabha or State govt’s. The mindless opposition for the sake of opposition is more dangerous to our country than the counter bullying nature of central govt. We need to think what came first? The chicken or the egg, i.e. Mindless opposition by these obstructionists or The bullying response from centre. Blocking railway lines or roads or doing bandhs of any kind in any part of the country by any group damages the economy. When trains were first blocked from operating by sitting on dharnas on railway tracks, that didn’t boost nations economy in anyway. Not running trains when fear of damage to public property like railways is there,atleast safeguards public property. In the garb of federalism, the author is just lamenting the weakening of obstructionists.
naa…India is better off with a strong center and week states.
These guys were dirven out of corridor of power, so they are singing tunes of federalism to hold on to something in the state,
Well said. We are better off as the United States of India than being the colony of UP and Gujarat that we are currently.
Federalism did not die when Indira Gandhi was dismissing governments of opposition parties in sixties and seventies of last century ( 1966 0nwards) . Stop this type of fear-mongering that federalism is in danger of being extinct. But why to stick with federalism, ? The authour seems to be , well educated journalists but always seems to indulging in spreading the message and press notes and instructions received from some ex-dynasty . India has three layers of Government . These layers were O.K in pre- instant communication era. Now , with explosion of IT, Internet , satellites , Mobiles A. I. etc. where message can be communicated, instructions given , performance monitored on real-time basis , why to have multi-layer administrative set up ? Time has come to do away with state governments or to reduce their powers. a strong central Government , with some diffused power centers like elections commission, various Commissions — human life commission, a powerful Education Commission etc having well defined powers and jurisdiction on whole of India should be considered , when whole world is becoming a global village. 21 st century needs to administered with tools, technology of 21st century . The country should be prepared to have unitary political set up as international threats can not be met with diversified command centers.
I didn’t know people could be so foolish and write such drivel, which too gets published in portals like ThePrint. If we even implement a modicum of change like you have proposed, suffice it to say there will be civil war in India. Go figure why that will be the case. Another Hindi speaking, overbearing, smug, North Indian ? spotted!
I agree that a country of our size cannot be run from Delhi. But the term cooperative federalism is somewhat misleading.
It works well when there is cooperation. As the word impliws the cooperation can not be one sided.
The core of the divergence ocurs from the penchant for hand outs, often for special interests with purely election in mind by states.harmonisation of conomic policies are the corner stone of cooperative federalism.The changes in agricultural procurement requires major transformation in the long term
of crop production .practices in states like Haryana and Punjab. With a polarised polity, dialogue will be one of a dialogue of the deaf.
While I do concede that dalogue is good , but talks without outcome is meaning less. And please do not threaten the country with militancyb bogey. I wonder whether militancy is apart of cooperative federalism
“One nation one election” is a dog whistle like “Hum paanch hamare pachaas.” What they mean by this is – keep voting for us otherwise you will have to suffer the fact that a replacement govt will give Dalits, minorities, tribals and other poor people the same rights that you enjoy. The BJP-RSS govt only wants the mega rich to keep getting richer – the rest must maintain status quo. Poor should remain poor and beholden to the rest. Middle class should always be dependent on the govt or private sector to employ them and work all their lives to repay loans for expensive housing and expensive education for their kids.
Laughable arguments.
People, when blinded by ideology, would go to any extent to oppose progressive and well-intentioned acts. The farm laws were hailed by agricultural economists across the nation. No less than Prof. Ashok Gulati, the doyen of Indian agricultural economists, has approved of the laws. In fact, he “disapproved” saying that the law should have been much more market friendly, much more bold in its sweep.
However, the opposition to the farm laws has been purely political. No scholar has endorsed the viewpoints of these politicians who want the farmers to be at the mercy of the APMC middlemen forever.
Its sad to see that certain journalists, simply because they hold everything “saffron” in contempt and disdain, participating in ideology based disinformation campaign against well intentioned and progressive laws.
India has been doing pretty good these past decades. Let us not be misled by rhetoric.
What constitutes federalism? In India the State Governments are from different parties. The constitution affords them independence of Governance. As a common man what I see is that the State Governments blame the Centre for all ills and take credit for all that is good.
Let us first see real Governance from the State Governments under what is before clamoring for more when we see that they are incapable of handling matters that are totally within their powers.
The differences are evident in the various reports (statistics) available.
_Federalism is not a virtue in itself.
I’d rather have a strong functioning central govt rather than three dozen states run by political dynasts who care two hoots to what happens to the nation as long as their gaddi is family preserve.
Dear author: save your breath, India will save itself
Federalism is not a virtue in itself.
I’d rather have a strong functioning central govt rather than three dozen states run by political dynasts who care two hoots to what happens to the nation as long as their gaddi is family preserve.
Dear author: save your breath, India will save itself
My god Shivam Vij depreciates day by day to new low of journalism. All his articles are opinions and not fact based as with Mr. Shekhar Gupta. Shivam Vij would do better as a blogger than a journalist.
Frankly The Print is only running due to charisma of Shekhar Gupta, otherwise no one knows people like Ruhi Tewari who has a perticular phobia of Yogi Adityanath and Shivam Vij.
Shekhar Gupta should better establish Print before he retires otherwise these types of journalists would drag it down to gutter.
Please for god sake tone down you opinions and present us with factual criticism of government rather than propaganda.
This is what Hindu Rashtra looks like. Complete with its own Hindutva rate of growth. The only joy this Diwali is that there are no firecrackers.
And if by chance the luddite liberals to and selective secularists come to power, there will be no Diwali either.
And you think Sangh worked hard on the Hindutva project for the last 100 years just so that aloo is rs 5 cheaper in the bazaar?
These crocodile tears over dying federalism is just the Authors frustration over the opposition not being able to create difficulties in governance for BJP govt. Modi tried cooperation and discussion when he first came to power in 2014. But the opposition, who couldn’t digest the fact that a saffron govt led by Modi did actually come to power, something they didn’t expect, made it just a point to oppose anything and everything using Rajya Sabha or State govt’s. The mindless opposition for the sake of opposition is more dangerous to our country than the counter bullying nature of central govt. We need to think what came first? The chicken or the egg, i.e. Mindless opposition by these obstructionists or The bullying response from centre. Blocking railway lines or roads or doing bandhs of any kind in any part of the country by any group damages the economy. When trains were first blocked from operating by sitting on dharnas on railway tracks, that didn’t boost nations economy in anyway. Not running trains when fear of damage to public property like railways is there,atleast safeguards public property. In the garb of federalism, the author is just lamenting the weakening of obstructionists.
naa…India is better off with a strong center and week states.