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Showing posts from November, 2019

India enters quagmire of 'mistrust economy', as GDP growth officially slips to 4.5%

Subramanian Swamy with Modi I have had a special liking for GDP, and it isn’t new, either. During my Times of India days in Gandhinagar (1997-2012), I remember, how as chief minister, Narendra Modi, post-2002 Gujarat riots, kept harping on the state’s double digit rate of growth rate continuously for three or four years, but got a little puzzled when, during a press conference, I asked him how was it that an official document talked of just 5.1% growth rate. Perplexed, he kept quiet for a little more than a minute, looked around for an answer, and finally got one from the then finance secretary, who, sitting behind him, murmured something in his ear. “It so happens that when your GDP rate is very high for several years, it reaches a plateau, and then the possibility of as big a rise becomes difficult”, he told the media. A good explanation, I thought, but wondered, why was it that he continued harping on the double rate of growth for so long, when it wasn’t the case. During those years...

'Discussed' with Modi, Gujarat Rann Sarovar proposal for Kutch runs into rough weather

Old Surajbari bridge, proposed spot of the dam to "stop" sea water ingress  Top Saurashtra industrialist Jaysukhbhai Patel’s by now controversial proposal to convert the 4,900 sq km Little Rann of Kutch area, an eco-sensitive zone – a UNESCO biosphere, world’s only wild ass reserve, and a nesting ground of lesser flamingoes – into a huge sweet water lake, called Rann Sarovar, has suffered a major roadblock. At least three Central agencies have expressed serious doubts about its feasibility.

As fear 'grips' right liberals, Arvind Panagariya, too, would be declared anti-national?

Mahesh Vyas It is surely well-known by now that India's top people in the power-that-be have been castigating all those who disagree with them as "anti-nationals". Nothing unusual. If till yesterday only "secular liberals", and "left-liberals" were declared anti-national, facts, however, appear to have begun surfacing that, now, guns are being trained against those who could be qualified as right liberals, too. Let me be specific.

'First time' since 1970s poverty up 10%, consumer spending down 4%: GoI survey

  In what may prove to be a major embarrassment for the Government of India (GoI), a new official survey, carried out in 2017-18, has reportedly said that average consumer spending in India fell by more than 4% the previous six years "primarily driven by slackening rural demand." The survey, "Key Indicators: Household Consumer Expenditure in India”, carried out by the National Statistical Office (NSO), says that money spent per person in a month fell by 3.7% from Rs 1,501 in 2011-12 to Rs 1,446 in 2017-18.

Holy dip in Sabarmati? Ahmedabad industrial units discharge wastewater despite notice

The fair at Vautha In a sharp admission, the Gujarat government has said that most of the industrial units of Ahmedabad, as also the city's residential houses, discharge waste water in Sabarmati, polluting the river. Notably, the river’s 11 kilometre stretch in Ahmedabad, where the riverfront has been beautified, is sought to be projected as a model for the country as a whole.

Cops' 'inability' to deliver justice? Model Gujarat ranks 12th among 18 major states

"India Justice Report" being released in Delhi A Tata Trusts study, released in Delhi on Thursday, has ranked “model” Gujarat 12th out of 18 major states it has analysed across India to “assess” the police's capacity to deliver justice. Several of the advanced states such as Tamil Nadu, Karnataka, Punjab, Haryana, Maharashtra, Andhra Pradesh and Telangana as well as some of the so-called Bimaru states such as Odisha, Jharkhand and Chhattisgarh are found to have ranked better than Gujarat.

Banned? Indian ports 'received' 38 US plastic waste containers reexported from Indonesia

An Indonesia-based international environmental watchdog group has dug out what it has called “a global pollution shell game”, stating how officials in Indonesia approved re-exports of “illegal” US waste shipments containing plastics mainly to India, as also to other Asian countries -- Thailand, South Korea and Vietnam -- instead of returning them to the US “as promised.”

Composite ranking of police, prisons, judiciary, legal aid: Gujarat 8th of 18 states

Composite ranking across police, prisons, judiciary and legal aid  Released at a formal ceremony in Delhi, an in-depth study has ranked Gujarat 8th among 18 major states in its “composite ranking” across four different areas it has covered for its analysis – police, prisons, judiciary and legal aid. The states that are found to be performing better than Gujarat in the overall delivery of justice are Maharashtra, Kerala, Tamil Nadu, Punjab, Haryana, Karnataka and Odisha. Analysing three different pillars in order to arrive at a composite ranking for India’s justice delivery system – human resources, diversity, and intention – the study finds that in human resources (manpower, quantity and quality) Gujarat ranks 10th, below Kerala, Maharashtra, Odisha, Tamil Nadu, Madhya Pradesh, Karnataka, Punjab, Rajasthan and Haryana; in diversity (gender representation, for instance) it ranks eighth, below Tamil Nadu, Karnataka, Kerala, Maharashtra, Odisha, Andhra Pradesh, and Uttarakhand; and in...

Business interests? Hindu bankers 'helped' Company Raj to flourish, colonize India

  A  new book , ‘The Anarchy: The Relentless Rise of the East India Company’, authored by well-known Scott historian William Dalrymple, has said that a major reason for the success of the East India Company (EIC), which “colonized” the country between 1600 and 1857, was the support it got from Indian financiers or moneylenders, including Jagat Seth of Calcutta, Gokul Das of Benaras and other “Hindu bankers” of Patna and Allahabad.

As workers suffer, Assam tea business chain retains 60-94% of earnings in India, abroad

A recent paper, published by the high-profile UK-based NGO Oxfam Great Britain (GB), has revealed that supermarkets and tea brands in India retain more than half (58.2%) of the final consumer price of black processed tea sold in India, with just 7.2% remaining for workers. “For a typically sized pack of branded black tea sold in India priced at Rs 68.8 for 200g, supermarkets and tea brands would retain some Rs 40.4, while workers would collectively receive just Rs 4.95 per pack”, it says.