Showing posts with label Government. Show all posts
Showing posts with label Government. Show all posts

Thursday, April 4, 2019

Indian politics : The Apathy of leaders in the future.

The election season is here, and how!

No one could have predicted the Pulwama Attack, and definitely not the airstrike against Pakistan on their own soil! The surge in nationalistic sentiments post the event have also changed the narrative of the pre election discourse.

Given the BJP offensive on nationalism, the congress represented by Mrs Priyanka Gandhi & Mr Rahul Gandhi have realised that it's a do or die situation for the Congress this time. They have realised that they need to come back to power, at any cost, whether their own or of the country.

The congress president has been painstakingly putting out one idea a night since the past few days, promising seemingly impossible dreams, doles & dough.  Direct transfer of Rs 72000 per year to 5 crore families means a direct cost to the country of Rs 3.6 lac crore! To manage the same, congress leaders have suggested that the money will be recovered through higher taxes on the middle class.

What they have failed to mention is the crushing impact it will have over the next 3 years on the Indian economy. With 5 crore families getting 72000 surplus income, there will be an upsurge in rural demand, and prices of fruits, vegetables etc will see a big rise. To compound the problem, the additional burden on the middle class will necessitate raising the wages, and make India more costly in global competitiveness. The twin impact of both will be high inflation, low expansion, and possibly job cuts in face of a slowing economy/low growth in real income.

Since the past 3 months I have been observing Rahul Gandhi, and found him to a far more mature face than before. Not getting into unnecessary spats, and focusing attention on creating his own narrative. There was a brief period when I actually started thinking maybe, just maybe, he may have some sense in what he says.

But the recent comments and promises by him on social media, and finally through release of the Congress Manifesto, I was flabbergasted by the extent of promises they have made to the Indian populace.

Congress has identified the opposition voice in every sphere and tried to capitalise on the same by offering them whatever they have wanted. To name a few :
1. Low jobs : They will fill all government vacancies
2. Retired army personnel : We will offer jobs in CRPF
3. Low farmer income : We will offer direct cash to you
4. Angel Tax: We will abolish the same
5. AFSPA : We will water it down/abolish same
6. J&K : We will reduce army and have unconditional talks

What the above tells me that in the quest for power, he has shown reckless abandon towards the future of the country, and promised whatever it takes, to be able to get attention and turn that attention into votes.

To me, this in itself, disqualifies him to be a PM candidate. A PM candidate has to continuously think of whats best for the country & its citizens regardless of what is considered to be good or bad.

Mr Modi, on his part has been continuing on his offensive on nationalism, past work, and future promise of his sheer hard work, regardless of what Congress says.

Among all this noise between the Congress, BJP & the Mahagathbandhan, what worries me more is far deeper.

If we take a step back and look at the political landscape, I see the following :

1. Congress - A Dynasty trying to save their hold on the Indian Political landscape, whatever the cost.

2. BJP - A party trying to change the narrative by capitalising on the opportunity to polarise votes on lines of nationalism or religion coupled with development targets.

3. Regional parties trying to remove the idea of BJP/Modi who has projected himself to be the only National Leader capable of delivering the goods. These regional parties are polarising voters through their own agenda of polarising people on basis of caste, creed, regional identity & religion.

4. Fringe leaders like Kanhaiya, Hardik, Jignesh, Ghelani who are fanning communal/caste identities in their areas of influence trying to win voters through all sorts of Political Maths.

When we see the above, and really think about it, I fear that once we have lost out on a mass leader like Modi in maybe the next 10-15 years, what kind of people really are there to take us forward?

On this day, we have rabble rousing leaders like Owaisi, Ghelani, Mehbooba, Kanhaiya etc each of whom have an agenda, which is not necessarily nationalistic. At least their public meetings dont tell us that.

Congress, on its part, seems to be unable to find a real, long term viable solution, as the current manifesto that they have released seems like one where they are ready to let go of everything. Economic stability, J&K, Chinese disputed territories, buckling under minority pressures are all on the table as options for the Grand Old Party.

BJP, on its part has leaders, but apart from Modi, at this time, they don't have anyone with the same national appeal, performance graph or grasp on the political mindscape to take over. Younger leaders like Smriti Irani, Youth leader Anurag etc are all ok, but seemingly not PM material.

Maybe we will see entry of better viable candidates who can come and change the narrative when the opportunity presents itself, because if not, I personally, am extremely worried about the future of India in the 2030's and beyond.

Tuesday, July 14, 2015

The Long road to development - The collapse of the Modi Mania!

The past 20 months have seen a huge roller coaster of expectation. First came the frenzy towards the Magical Modi Mania, then came the exuberence over his coronation, then people started talking about giving him "time", and now, off late, even the most ardent supporter is turning incredulous whenever he sees or hears about Modi or BJP!

Now,lets turn our attention towards other parts of the country:

a) North West : Saw upsets in Haryana & Delhi, challenges in Punjab(Akali Dal?), UP(Akhilesh?), MP(Vyapam?), Chattisgarh(Dr Raman Singh?), Maharshtra(Local issues), Rajasthan{Lalit Modi(who is the bad M now eh?)}, Delhi (Self Immolation)

b) South : Talk about Amma(Exoneration), Chandrababu Naidu (Exasperation) to DMK's (Decimation)

c) East : Jharkhand, Orissa, Bihar - (Undergoing baptism by Fire), West bengal (Catch 22), the famed North east (getting a raw deal it seems)

Lets look at the financial indicators :

a) Taxation & Doing business has become tougher
b) Inflation, while under control is trying to rear its Ugly Head.
c) RBI still not toeing the Govt line, and keeping it under a leash
d) Collections still not pretty, and world is still under a lot of Stress
      (or is it Euress leading to Chess? (China's stress))

So all in all, a pretty topsy turvy year under the Modi regime till now.

However, there is a silver lining to all this. India's position in the world stage is more secure, and upright. PM Modi's foreign visit & Swachh Bharat has given a leg up to cross country travels, Better quality FDI and FII is expected within the ecosystem and Defense & Electronics manufacturing is sure to get a fillip.

But the view from the east is this :

1. Structural changes take time : Changes to NITI Aayog, National Rejuvenation Programs, restructuring of policies etc are all going to take atleast 2-3 more years to start being visible.
2. Subsidies are gone : Brace for high growth in exports and world trade when Oil increases and the common man is burdened with heavy burdens of unsubsidised fuel & gas.
3. Large scale cleanup of books effect short term funds availability hitting short term growth.
4. Cautionary stances adopted by Amma and Didi bode well for future legislations and remain to be seen how future work relationships are curated.
5. With above in mind, the author is convinced it will take atleast till October 2016 to even start seeing on ground activities on new projects, funds release in good flow and feel good stories.

But all said and done, one thing is for sure, people have finally realised(or slowly realising) that Hon'ble Prime Minister Narendra Modi is after all, a Human being. And with this, the people are feeling cheated. Everyone thought he was a Superhero (With the famed comic videos circulated through Namo's marketing team still fresh in everyone's mind), and wanted him to perform as he promised.

One fervently hopes the present BJP government and its office bearers are keeping this in mind while performing their daily duties. However, recent interactions by section of Business & Industry with several high profile senior ministers felt that the mood is high handed, and the result feather lite.

A very dangerous combination indeed.