Lol. They haven't even finished their first year of the second term. How about reserving your criticisms for the fouth year at the very least?
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Lol. They haven't even finished their first year of the second term. How about reserving your criticisms for the fouth year at the very least?
I know it's fashionable to put blame on bureaucracy and start name calling and credit Modiji for taking us to top 50 in Ease of doing business ranking but can you please put the points you find problematic so as to have better debate where everyone learns.
Tax officers' body moots COVID cess, minimum income scheme in plan to boost revenue, economy - CNBC TV18
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When socialist taxman thinks about the economy you get these idiotic gems. This is like the story of the blind man and the elephant. If you had asked a general the same he would have recommended to fast track all military acquisitions.
I for one is really curious how repeated abolition of allowances and salary cuts of lower middle class has not found any voice but a paper(good or bad) by few IRS got whole Reliance foundation think tankers panties in twist and is now reduced to socialist curse by effective messaging without even a debate. Isn't those Sareens, Abhijitis and their fanboys setting the narrative on this one without debate?
And unfortunately we are a socialist state, repeatedly cherished in the constitution. To change that you'll not just need numbers and significant political will but some solid arguments backed by data and facts to convince the courts to stand down. Till the time "India"(not few) actually rejects "socialist" ideas its more of gossip than evil responsible for every ill.
They've already had 5 years in their previous avatar. What ground breaking work did they achieve then in the field of economics?Lol. They haven't even finished their first year of the second term. How about reserving your criticisms for the fouth year at the very least?
Tie up with US, UK firms planning exit from China over coronavirus: Gadkari to industry captains
Union minister Nitin Gadkari says whatever permission required will be given on war footing; asks companies to enter into joint venture and bring them directly to India
This is big....☺☺
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The last election proved the economy is not important to get reelected.
Yeah, if they stick to social issues then no need to bother about the middle-income trap. Because we will never reach there to get trapped. The demographic dividend will be eroded, the huge social disparity with mediocre healthcare and educational systems.
I was blaming Modi. Bureaucrats are not trained to think about the benefits of the economy as a whole. Their prescribed job is narrow. For a leadership position like PM, tax collection is just one of the many variables in running an economy. For a taxman, it is the only one. If you increase the tax on wealthy, they will leave with their wealth. If you give everything freebie then infrastructure or defence has no funds. When there is no infrastructure it will be hard to build a business. If there is less business then there is less wealth. Less wealth means less tax. The leader's job is to understand the whole picture and get the right balance so that there is more wealth created = more jobs = more GDP growth.
I do not think you understand what a socialist state means. It means of production, distribution, and exchange should be owned or regulated by the state. Thus everything should be a PSU. The history proved that the idea goes against productivity, efficiently and general longterm wealth creation.
Thus, in 1990 we totally junked the system (A decade late when compared to china). MMS called it "no power on earth can stop an idea whose time has come." (Aka free-market and capitalism)
Now if you call your horse 'unicorn'. Does it become one overtime? No.
The word has no legal statute. Our SC don't go and check if all the bills passes are in accordance with 'socialism'
Its like my grandfather calling someone 'king' because of his monarchic ancestry. Does it feel special?
Does it matter? 
You should read about 'License Raj', the first 40 years of India which doomed bureaucracy and economy. They tried to copy the soviet system but it failed upside down.
DA is gone for babus, and there were rumours that he will retire all above 50years. Modi is anti government servant. There is no doubt for that. So basically the whole system is mixed now days even after globalisation.
In India Socialism is good only if there is no corruption. Otherwise people have to struggle or pay bribe to get what is theirs.
Now it will be otherway. Both economy and the core agenda are important. Forget 5 trillion, if Indian GDP reaches 4 trillion that would be a charisma. Some how Modi just survived the back lash coming in future on economy and his statement of 5 trillion. In No Way India could have achieved that target now there is an excuse
Till 'Reliance Industries Limited' is in India, it will now allow India to develop. They will never allow any other company to rise in India, even if it is building quality stuff.
If India has to develop, get rid of Reliance industries and promote Tata.
Reliance has tapped many politician and senior bureaucrats to formulate policies in its favour.
If India has to develop, get rid of Reliance industries and promote Tata.
Reliance has tapped many politician and senior bureaucrats to formulate policies in its favour.
There is a huge cost associated with creating storage and holding the storage. there is also security cost associated with this.
The ideal way would have been to invest that monies in alternative (renewable) energy systems that would reduce our dependency on ME or imported oil.
As a matter of fact (not playing politics here, but this is the fact):
the first strategic Petroleum reserves were proposed and construction began during the Vajpayee govt.
the expansion of this reserve and building of more locations came during Modi govt.
You can see who was more "ok" with relying on imports.
The push to touch less economy will bring more aggressive approach to IT based (internet based) applications. this is already happening. many schools/colleges have switched to online learning. amazon/walmart are struggling to keep up with delivery slots so smaller companies have picked up the technology to provide the same.
Creating SPR is very expensive business. Also, we are very close to the ME, so there is no real fear of oil supply disruptions during war or any other crisis. Our geography gives us significant advantages.
We are also making a conscious effort to move towards EVs, which will reduce our oil needs drastically over the long term.
Lastly, we do have significant amount of oil reserves already. As much as 2 months worth of reserves are held by refiners. The SPR is up and above that.
Doesn't India produce enough oil for military use on its own? How much does Indian military consume...US military consume around 300k barrels a day.
renewable cannot replace oil. EV batteries energy density is not even close to gasoline an gap will only close 20 to 30 years down the line at minimum. Oil has wider application which renewable cannot replace, nothing can at least for next 50 to 100 years at minimum.
Creating SPR in salt caves are not that expensive when rewards are long term and mitigate the cost of construction.
Oil prices directly affect Indian economy...we could save 100 of billions of dollars when prices are high just by pumping oil from those SPR.
Huge SPR can also be use as a tool to lower the oil prices in market. 10 days worth of SPR is quite pathetic in my opinion.
Banks technically write off loans worth over Rs68,000 crore, Mehul Choksi among 50 top wilful defaulters: RTI
The Reserve Bank of India (RBI) has admitted to writing off a staggering amount of Rs 68,607-crores due from 50 Top Wilful Defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI.
RBI declines to disclose names even under RTI.
While tax payer pay for their thousands of crores of default government don't find them "worthy enough" to know whom they are paying for. Scared that election funding friends will get exposed?
These names were denied even in a parliamentary question when finance minister shamelessly engaged into jugglery of words instead of providing information.
Government used "international treaty" as cover when asked for swiss account holders. When it comes to corruption government is as hollow as Congress if not a step ahead.
"Strategic" reserves are too small almost meaningless for whole country, should be used for war time military use, may mean something.
Those defaulters will name these politicians as co conspirators ( bhagidars). This country is basically a banana republic for masses and Communist utopia for billionaire's and few filthy rich politicians. no wonder they and there supporters hate bureaucracy and India socialism and want to privatise everything.Banks technically write off loans worth over Rs68,000 crore, Mehul Choksi among 50 top wilful defaulters: RTI
The Reserve Bank of India (RBI) has admitted to writing off a staggering amount of Rs 68,607-crores due from 50 Top Wilful Defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI.www.moneylife.in
RBI declines to disclose names even under RTI.
While tax payer pay for their thousands of crores of default government don't find them "worthy enough" to know whom they are paying for. Scared that election funding friends will get exposed?
These names were denied even in a parliamentary question when finance minister shamelessly engaged into jugglery of words instead of providing information.
Government used "international treaty" as cover when asked for swiss account holders. When it comes to corruption government is as hollow as Congress if not a step ahead.