Skip to main content

Top British weekly Economist accuses Modi of behaving like Gujarat chief minister

By Our Representative
Top British weekly “The Economist” has said it again. In a commentary marking Prime Minister Narendra Modi’s one-year in office, it has said that the alleged improvements in the economy is because of “serendipity” -- because of “oil prices.” Titled “Modi’s rule: India’s one-man band”, it adds, the country has a “golden opportunity to transform itself”. But the way Modi is moving suggests the country “risks missing” the opportunity.
Pointing out that progress under Modi has been “frustratingly slow”, the influential weekly (issue dated May 23) says, this has happened because “Modi has concentrated more power in his own hands than any prime minister in recent memory. The problem is that India needs a transformation—and the task is too much for a one-man band.”
In fact, “The Economist” has castigated Modi exactly for what his critics have long been saying – “he is still thinking like the chief minister of Gujarat, not a national leader on a mission to make India rich and strong.”
“The prime minister believes that only one man is destined to lead India down this path: Narendra Damodardas Modi”, “The Economist” says, adding, on the reforms front “Modi’s record is underwhelming. The past few days have brought the tiniest of baby steps towards privatisation: eight state-run hotels may be sold off.”
Saying that Modi is living in the “delusion” if he thinks that “time is on his side and that big unpopular decisions can wait”, “The Economist” says, already “popular discontent” is brewing. It points to how “surly voters drummed his party out in state elections in Delhi”, adding, already there is a huge dislike” for his attention to diplomacy overseas – he has complete “52 days abroad in 18 countries over the past year.”
Then there are people who are “put off by his narcissism, embarrassed that he met America’s president, Barack Obama, wearing a dark suit with all 22 letters of his name stitched over and over into its golden pinstripe”, “The Economist” says, adding, “As he cracks down on groups like Greenpeace, some complain of his authoritarian streak.”
Pointing out that “national politics is a long way behind the states”, “The Economist” underlines, “Modi cannot blithely assume his power will grow. The prime minister’s office cannot expand to do everything. It is time to relaunch his government by bringing in outside talent.”
Asking Modi to work the way the previous UPA government acted, the weekly says, “Like the previous government, he should get in bright people from the private sector—especially as the BJP is short of capable leaders—to strengthen, say, the finance ministry and the corporate-affairs ministry.”
Wanting Modi to “lead a national campaign to ease the world’s worst labour laws”, the weekly says, “Perverse restrictions on domestic trade in farm produce should go. Private companies could compete to make the railways more efficient. Infrastructure must be built faster, which requires a better law on acquiring land.” And, “state-run banks” should be “ideally private hands”.

Comments

MODI: you don’t need a Govt to be POOR but you do need it to be RICH!
For 1100 acres of land in Sanad in 2008 Tata Motors paid Rs 900/sqm to the Gujarat Government. The government acquired the land at Rs 1,200 per square meter from the farmers this does not include expenses for acquisition.
Tata Motors only invested Rs 2000 crores and got a government loan of Rs 9,570 crore for 20 years at 0.1 per cent rate of interest. This loan was 23% of Gujarat’s budget for 2008.
On top of other subsidizes;100 acres of land at a highly subsidized rate near Ahmedabad for Tata township. (Tata has recovered part rather full initial investment of Rs 2,000 crore in Township and made money by over billing in plant & Machinery for Nano)
Modi has lured away Nano plant using huge amount of money directly from Gujarat government’s coffers. What has the state gained till now, Nano has failed, so have “cascading effects of the plant” Tata Motors’ Sanand plant stays idle (April 2013 plant utilization was mere 4.5%).
The attraction for corrupt Industrial Houses and MNC’s is not Modi but Free Money.
Practically same story is for Ford, Suzuki, ADANI, Ambani etc. on top of this they all received various Incentives in other words poor Tax Payers are paying to the rich multi billion corporations.
Total Subsidies to TATA Rs 30,000 Crore, Suzuki 20,000 Crore & Ford 20,000 Crore.
Under Modi Rule Adani GP revenue from $765 Million in 2002 rose to $8.8 Billion in March 2013 while net profits climbed even faster.
Income Tax Incentives
10 year corporate tax holiday on export profit – 100% for initial 5 years and
50% Corporate Tax Holiday for the next 5 years
Exemption from dividend distribution tax
Indirect Tax Incentives
Zero customs duty
Zero excise duty
Exemption from central sales tax
Exemption from service tax
Under Modi 60,000 small scale industries shut down
Over 5,500 farmers in the last 10 years have committed suicide in the state but police have been instructed by Modi govt not to register cases.
CAG reports from 2001-2012/13 show corruption to the tune of Rs 1.5 lakh crore. The state took nine years to appoint a Lok Ayukta."
Gujarat's budget increased from Rs 28,000 crore in 2001 to Rs 1,20,000 crore in 2013-14, public debt during the same period increased from Rs 26,000 crore to Rs 1,76,000 crore."

TRENDING

'Flawed' argument: Gandhi had minimal role, naval mutinies alone led to Independence

Counterview Desk Reacting to a Counterview  story , "Rewiring history? Bose, not Gandhi, was real Father of Nation: British PM Attlee 'cited'" (January 26, 2016), an avid reader has forwarded  reaction  in the form of a  link , which carries the article "Did Atlee say Gandhi had minimal role in Independence? #FactCheck", published in the site satyagrahis.in. The satyagraha.in article seeks to debunk the view, reported in the Counterview story, taken by retired army officer GD Bakshi in his book, “Bose: An Indian Samurai”, which claims that Gandhiji had a minimal role to play in India's freedom struggle, and that it was Netaji who played the crucial role. We reproduce the satyagraha.in article here. Text: Nowadays it is said by many MK Gandhi critics that Clement Atlee made a statement in which he said Gandhi has ‘minimal’ role in India's independence and gave credit to naval mutinies and with this statement, they concluded the whole freedom struggle.

BSF should take full responsibility for death of 4 kids in West Bengal: Rights defender

By Kirity Roy*  One is deeply disturbed and appalled by the callous trench-digging by BSF in Chetnagachh village under Daspara Gram Panchayat, Chopra, North Dinajpur District, West Bengal that has claimed the lives of four children. Along the entire stretch of Indo-Bangladesh border of West Bengal instead of guarding the actual border delineated by the international border pillars, BSF builds fences and digs trenches well inside the Indian territory, passing through villages and encroaching on private lands, often without due clearance or consent. 

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Don't agree on domestic subsidies, ensure food security at WTO meet: Farmer leaders

Counterview Desk  The Indian Coordination Committee of Farmers Movements (ICCFM), a top network of farmers’ organizations in India, in a letter to Piyush Goyal, Minister of Commerce and Industry, has asked him to “safeguard food security and sovereignty, even as ensuring peasants' rights" at the 13th Ministerial Conference of the World Trade Organization (WTO MC 13), to take place from 26 to 29 February 2024 in Abu Dhabi.

Students, lawyers, professors detained in Delhi for demonstrating in support of farmers

By Our Representative  About 25 protestors, belonging to the civil rights network, Campaign Against State Repression (CASR), a coalition of over 40 organisations, were detained at Jantar Mantar for holding a demonstration in support of the farmers' stir on Friday. Those detained included students, lawyers and professors, including Prof Nandita Narain and Prof N Sachin. 

Social justice day amidst 'official neglect' of salt pan workers in Little Rann of Kutch

By Prerana Pamkar*  In India’s struggle for Independence, the Salt Satyagraha stands as a landmark movement and a powerful symbol of nonviolent resistance. Led by Mahatma Gandhi, countless determined citizens walked from Sabarmati Ashram to Dandi in Gujarat. However, the Gujarat which witnessed the power of the common Indian during the freedom struggle is now in the throes of another significant movement: this time it is seeking to free salt pan workers from untenable working conditions in the Little Rann of Kutch (LRK).

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

Interpreting UAPA bail provisions: Is Supreme Court setting the clock back?

By Kavita Srivastava*, Dr V Suresh** The Supreme Court in its ruling on 7th February, 2024 in   `Gurvinder Singh v State of Punjab’ held that its own well-developed jurisprudence that "Bail is the rule and jail the exception" will not apply to those charged under the UAPA.

Jallianwala massacre: Why Indian govt hasn't ever officially sought apology from UK

By Manjari Chatterjee Miller*  The king of the Netherlands, Willem-Alexander, apologized in July 2023 for his ancestors’ role in the colonial slave trade. He is not alone in expressing remorse for past wrongs. In 2021, France returned 26 works of art seized by French colonial soldiers in Africa – the largest restitution France has ever made to a former colony. In the same year, Germany officially apologized for its 1904-08 genocide of the Herero and Nama people of Namibia and agreed to fund reconstruction and development projects in Namibia. .

Will Budget 2024 help empower city govts, make them India's growth engines?

By Soumyadip Chattopadhyay, Arjun Kumar* Cities in India are envisioned as engines of growth. Any meaningful long-term vision for India would be incomplete without planning for the cities and quite rightly, urbanization is considered as one of the country’s top developmental challenges. Realization of full potential of cities depends crucially on their ability to provide ‘enabling’ environment especially in terms of sustained provision of a wide range of urban infrastructure and services.