The price of fiscal exuberance

Politics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]

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Musing with Grandpa Modi

No, the Prime Minister has not become a biological grandfather. But he has adopted all of India’s poor – all 400 million of them – around 80 million families- by the extant definition of those needing support in these times of stress. Vibing with the poor To be fair, this fascination with helping the poor […]

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A “Big State” post COVID19

Asking a politician to abjure politics is like telling a dancer not to tap his feet to the music – a physical impossibility. Expectedly PM Modi used the April 14 COVID update to pay his respects to Baba Saheb Ambedkar whose birthday it was – illustrating the proclivity of BJP managers to red flag branding […]

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Political & economic sense: Extending lock down = caving into the COVID 19 threat

How well the government has done in managing the crisis will be known after the crisis is over. Sadly, too late to be of interest to the average reader. What can be assessed contemporaneously is whether government is headed in the right direction. Thanks to the great India genome, natural selection, geography or strong government […]

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Quovadis COVID refugees?

Whither art thou going? This is the question that will now be asked of the flood of COVID refugees fleeing the cruel and unfeeling cities to the “safety” of their rural homes. District authorities and border controls will now turn them back to the hell holes they tried to escape from. To what end? Return […]

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Is India the global fall-guy?

It can’t be very gratifying being the Finance Minister when the International Monetary Fund is calling out India for being a growth laggard pulling down world growth in 2019 to 2.9 per cent (from 3.3 per cent forecast earlier) and in 2020 to 3.4 per cent (from 3.6 per cent forecast earlier). International Financial Institutions […]

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