At launch of his book, BJP MP Subramanian Swamy says he can’t discuss technical economic subjects with Modi as PM ‘feels offended’ but has written him letters.
In a new book 'Reset: Regaining India's Economic Legacy', Subramanian Swamy writes that solid grounding in macroeconomics is essential to revive economy.
Finance minister Nirmala Sitharaman targeted on social media after govt move to 'compulsorily retire' senior IT Department official Sanjay Kumar Srivastava.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
It is difficult to believe what Dr. Swamy says on S Gowda. Does Dr. Swamy want Aviation minister to be able to take Aircraft in air or a Defence minister to be an expert soldier in warfare or … One must know Sadananda Gowda is repeatedly elected for parliament from a highly educated voters constituency and a past CM of first BJP elected Govt in South. One can ask Dr. Swamy was he elected how many times from any constituency ? We had experts with high qualifications in recent past and one of them is in jail and other a PM a mute spectator to crores of looting of public money. Current FM is trying her best, all transparent, in a globally difficult situation.
Drastic reduction in personal income tax for people earning up to one Lakh per month .. will increase demand for essentials and semi luxury products and services .. up to 50000 per month nil tax 50000 to 100000 only 5% tax will do the trick
Problem with indian economists writing in our so called economics oriented business dailies is that they are not willing to challenge economic ideas from DrSwamy.This shows how mediocre is our knowledge system dominated by shallow weakminded permanantly unsure “experts”
The economy is very sensitive, so nobody is taking any risk. FM is intelligent , she has hand over the matter to the task force and task force is a team , so it is understood the reason of no improvement.
Now modi has become a global leader or made to be a global leader, all the more he will not listen or he will listen only to whatever he likes. By becoming a global leader, he has distanced himself from people who are well wishers. Now vultures will take over and look for opportunities to strike! Has he become adamant because, till now whatever he has touched, has become Midas, but one should understand that everything in this world has a shelf life, whether with life or lifeless. Why the government is refusing to accept that consumption is going down and therefore economy, and with 4/5% growth, India cannot be in the lead and powerful. The time has come for Mr Modi and the government to listen good things from good people
Despite his impeccable academic credentials, Swamy could not be of much help to any PM because of his ego and attitude. Some of his suggestions appear strange like ‘abolish income tax’ bu they are sensible and valuable. He must formulate a total package of measures which will cover various structural changes that we need to completely overhaul our macroeconomic management. Abolition of personal income tax, simplification of corporate income tax and GST, introduction of wealth tax based on Aadhar and PAN linkages, consolidation of all subsidies and transfer via DBT, establishing threshold for administrative cost of government as a percentage of revenue collected and administrative reforms, getting out of PSUs and PSBs etc could be a package which he can explain to PM, with its implications for fiscal deficit, inflation, benefits and drawbacks and ask him to give his full political backing. All of these reforms are just a political decision, though with full macro-economic implications, just like demonitization. FM will implement those measures sincerely and in a time bound manner and look after operational issues. Similarly, budget as revenue and expenditure proposals and accounting should be done openly and not in secrecy as is done now. Policy decisions can happen any time and as a part of Budget Speeches. Swamy has a lot to offer to the country if he is able to let go his petty ego, taking potshots at everyone around, showing his arrogance etc. And PM needs his help. He can suggest and strongly defend what he is proposing unlike many others. He should not waste his time on taking potshots at knowledge of others whom he does not personally like. He should next 5 years of his life for this purpose as a selfless service to the nation. He should stop going to court against anyone for corruption (also now that Ram Temple will be resolved soon anyway) and spend his time on this mission. the country will be grateful to him.
Nothing new in what Dr. Swamy has written everyone knows it’s but no one has the fall to speak. Same was the case in Congress at the top me of Indira Gandhi.
Why this saying still hold good -” seven economist and nine opinions”
It’s defined as – economics is a science which studies human behaviour …..”
Just imagining 130 crore human beings – size will kill science of economics
Not sure if economists make the best advisors. Indian PMs had economic advisers from 1950s. The net result is that India is still a desperately poor country, when several countries far behind it have surged ahead. Most turn out to be yes men, whether they are on an advisory panel or become Prime Minister themselves. Economists like B R Shenoy are a rarity and do not survive the system.
I probably know more about Bharat Natyam than statistics, but that has not stood in the way of understanding economics. Two gentlemen who knew a lot more economics than one can hope to learn have just been dropped from the economic advisory council.
It is difficult to believe what Dr. Swamy says on S Gowda. Does Dr. Swamy want Aviation minister to be able to take Aircraft in air or a Defence minister to be an expert soldier in warfare or … One must know Sadananda Gowda is repeatedly elected for parliament from a highly educated voters constituency and a past CM of first BJP elected Govt in South. One can ask Dr. Swamy was he elected how many times from any constituency ? We had experts with high qualifications in recent past and one of them is in jail and other a PM a mute spectator to crores of looting of public money. Current FM is trying her best, all transparent, in a globally difficult situation.
Drastic reduction in personal income tax for people earning up to one Lakh per month .. will increase demand for essentials and semi luxury products and services .. up to 50000 per month nil tax 50000 to 100000 only 5% tax will do the trick
Problem with indian economists writing in our so called economics oriented business dailies is that they are not willing to challenge economic ideas from DrSwamy.This shows how mediocre is our knowledge system dominated by shallow weakminded permanantly unsure “experts”
The economy is very sensitive, so nobody is taking any risk. FM is intelligent , she has hand over the matter to the task force and task force is a team , so it is understood the reason of no improvement.
Now modi has become a global leader or made to be a global leader, all the more he will not listen or he will listen only to whatever he likes. By becoming a global leader, he has distanced himself from people who are well wishers. Now vultures will take over and look for opportunities to strike! Has he become adamant because, till now whatever he has touched, has become Midas, but one should understand that everything in this world has a shelf life, whether with life or lifeless. Why the government is refusing to accept that consumption is going down and therefore economy, and with 4/5% growth, India cannot be in the lead and powerful. The time has come for Mr Modi and the government to listen good things from good people
Despite his impeccable academic credentials, Swamy could not be of much help to any PM because of his ego and attitude. Some of his suggestions appear strange like ‘abolish income tax’ bu they are sensible and valuable. He must formulate a total package of measures which will cover various structural changes that we need to completely overhaul our macroeconomic management. Abolition of personal income tax, simplification of corporate income tax and GST, introduction of wealth tax based on Aadhar and PAN linkages, consolidation of all subsidies and transfer via DBT, establishing threshold for administrative cost of government as a percentage of revenue collected and administrative reforms, getting out of PSUs and PSBs etc could be a package which he can explain to PM, with its implications for fiscal deficit, inflation, benefits and drawbacks and ask him to give his full political backing. All of these reforms are just a political decision, though with full macro-economic implications, just like demonitization. FM will implement those measures sincerely and in a time bound manner and look after operational issues. Similarly, budget as revenue and expenditure proposals and accounting should be done openly and not in secrecy as is done now. Policy decisions can happen any time and as a part of Budget Speeches. Swamy has a lot to offer to the country if he is able to let go his petty ego, taking potshots at everyone around, showing his arrogance etc. And PM needs his help. He can suggest and strongly defend what he is proposing unlike many others. He should not waste his time on taking potshots at knowledge of others whom he does not personally like. He should next 5 years of his life for this purpose as a selfless service to the nation. He should stop going to court against anyone for corruption (also now that Ram Temple will be resolved soon anyway) and spend his time on this mission. the country will be grateful to him.
YES… AND ALSO STOP INSULTING HIS OWN TEAM- USING ARROGANT WORDS.. ESPECIALLY GIVING FODDER TO A PSUEDO LIB MAG LIKE PRINT!!!
We live in ache DIN…
Nothing new in what Dr. Swamy has written everyone knows it’s but no one has the fall to speak. Same was the case in Congress at the top me of Indira Gandhi.
Why this saying still hold good -” seven economist and nine opinions”
It’s defined as – economics is a science which studies human behaviour …..”
Just imagining 130 crore human beings – size will kill science of economics
Not sure if economists make the best advisors. Indian PMs had economic advisers from 1950s. The net result is that India is still a desperately poor country, when several countries far behind it have surged ahead. Most turn out to be yes men, whether they are on an advisory panel or become Prime Minister themselves. Economists like B R Shenoy are a rarity and do not survive the system.
In a Nutshell, Modi is a megalomaniac and narcissist with inflated ego…
You will be like bhishma only whatever you write and tell.
I probably know more about Bharat Natyam than statistics, but that has not stood in the way of understanding economics. Two gentlemen who knew a lot more economics than one can hope to learn have just been dropped from the economic advisory council.