Skip to main content

GST, and not demonetization, to be a topic of discussion on finance at Vibrant Gujarat meet: State officials

By Our Representative
The Gujarat government's high-profile biennial global business summit, to be held from January 10 to January 13, is unlikely to see any focus on the controversial demonetization move of Prime Minister Narendra Modi, despite growing apprehensions that it would sharply slow down India's economy and lead to the flight of capital from the country.
Addressing newspersons on the summit in Ahmedabad, Gujarat chief secretary JN Singh claimed that demonetization would “positively impact” on the summit outcome, as it is being held against the backdrop of the “bold” Modi move, leading to a great leap forward towards opening up floodgates of online transactions.
However, he said, during the panel discussion on finance, which would focus on Government of India's effort to introduce goods and services tax (GST) across the country, and in which Union finance minister Arun Jaitley would participate, “there would be no discussion on demonetization.” He added, “It is a temporary phenomenon. We are aiming at long-term gains.”
Singh informed newspersons that, while 10-odd Nobel laureates will be participating in Vibrant Gujarat meet and participate in a discussion especially meant for them, none of those who have won Nobel prize in economics have been called. “Only those who have won Nobel prize in science and technology have been invited. Eight to ten will participate”, he said.
Apart from finance, an official communique said, the issues to be discussed at the summit would be biotechnology, food processing, textiles, aerospace and security, plastics, engineering, heavy engineering and automation, chemicals and petrochemicals, pharmaceuticals and health. Issues related with climate change – including promotion of solar power – does not find mention in the list.
Answering a question whether top India-born Nobel laureate in economics, Prof Amartya Sen, who is known to be sharp critic of demonetization, has been called, Singh answered in the negative, hastening to add, “There is going to be no discussion on issues related with economics at the summit. No economists have been called.”
While Prof Sen has described demonetization as despotic and authoritarian , American economist, Nobel laureate Paul Krugman, has characterized it as “highly disruptive”, pointing out, it is not going to change the overall behaviour towards black money in India.
Upbeat about the summit, the top Gujarat officials said, this is going to be a “much bigger event” than the earlier Vibrant Gujarat biennial events, held ever since 2003. To be held in the presence of Modi, PK Taneja, additional chief secretary, industries, said, this time, instead of eight in 2015 as many as 12 countries are going to partner with the Gujarat government at the summit.
These countries are, he said, Australia, Canada, Denmark, France, Japan, the Netherlands, Singapore, Sweden, United States, United Kingdom and United Arab Emirates. “We do not expect a high-profile political delegation from the US, because January would mark transition in the US government”, Taneja said.
Similarly, Taneja said, there would be seven partner institutions that have decided to support the Vibrant Gujarat summit, as against five in 2015. These are Australia-India Business Council, Indo-Canada Chambers of Commerce, Japan External Trade Organization, UAE-India Business Council, UK-India Business Council, US-India Business Council, and British Council.
Answering a question, Taneja sad, so far 51,738 memorandums of understanding (MoUs) have been signed since 2003 at different Vibrant Gujarat summits. “Of these 34,232 MoUs are either under implementation or have been commissioned”, he said, noting, “Implementing MoUs is a long drawn out process, having various phases, hence all cannot be realized.”

Comments

TRENDING

India's GDP down by 50%, not 23%, job loss 200 million not 122 million: Top economist

By Our Representative One of India’s topmost economists has estimated that India’s Gross Domestic Product (GDP) decline was around 50%, and not 23%, as claimed by the Government of India’s top data body, National Statistical Organization (NSO). Prof Arun Kumar, who is Malcolm S Adiseshiah chair professor, Institute of Social Sciences, New Delhi, said this was delivering a web policy speech, organised by the Impact and Policy Research Institute (IMPRI), New Delhi.

JP advised RSS to give up Hindu Rashtra, disband itself: Ex-IAS officer tells Modi

Counterview Desk
Major MG Devasahayam IAS (Retd), chairman, People-First, in an open letter to Prime Minister Narendra Modi on the occasion of Jayprakash Narain’s (JP’s) death anniversary (October 11) has wondered whether he remembers “a patriot called Jayaprakash Narayan”. Recalling what JP thought on issues such as communalism, freedom, democracy, Hindutva etc., Devasahayam says, Modi has been been doing “the very opposite of the principles and values for which JP lived and died.”

Buddhist shrines massively destroyed by Brahmanical rulers in "pre-Islamic" era: Historian DN Jha's survey

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".

UP chief secretary, DGP have 'surrendered' to political diktat: 92 retired IAS, IPS officials

Counterview Desk
In an open letter to Uttar Pradesh chief minister Yogi Adityanath, 92 retired IAS, IFS and IPS bureaucrats, commenting on “blatant violations of the rule law” following the Hathras incident, have blamed that the Chief Secretary and the Director General of Police for abjectly failing to exercise control over a “highly compromised” administration the state.

Hathras reflects Manu's mindset dominates: 'Women are false, it's in their nature to seduce'

By Parijat Ghosh, Dibyendu Chaudhuri*
The woman died and then we woke up to protest. She was alive for two weeks after the heinous incident. Many of us even didn’t notice what had happened at Hathras, how she fought during the next 15 days. Those who noticed, many of them were not sure what actually had happened. So much so, we as a nation were more busy in finding out who among the Bollywood actresses were taking drugs, who smoked weed, who had ‘inappropriate’ or more than one relationship, what kind of private conversations they had in their chat boxes and what not!

Gujarat literati flutter: State Akademi autonomy curb a Sahitya Parishad poll issue?

By Dankesh Oza*
The 115-year-old Gujarati Sahitya Parishad is in election mode. More than 3,000 life members of the Parishad are set to elect its 52nd president and 40 plus central working committee (CWC) members, which in turn will elect its executive and two vice presidents, six secretaries and a treasurer for the coming three years (from 2021 to 2023).

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur*
Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Atrocities against Dalits: Why don't MPs, MLAs from the community ever speak up?

By Vidya Bhushan Rawat*
In Gujarat, a young Dalit activist lawyer Devji Maheshwari, belonging to the Backward and Minority Communities Employees Federation (BAMSCEF) was killed in Surat, allegedly by a goon who was warning him against his Facebook posts not to speak up against Brahmanism. Facts have come to light suggesting there are other issues also which led to the murder, mostly related to land disputes, many a time ignored by activists.

Delhi riots: Even British didn't accuse Bhagat Singh of reading Lenin, Jack London

By Vikash Narain Rai*
After the #BlackLifeMatters movement seriously tested the credibility of police across America, the Houston police chief Art Acevado talked of ending “lawful but awful” policing. No comparison, but in India, a citizens’ committee comprising former top judges and bureaucrats is now set to inquire into the role of the state machinery and media in handling the February 2020 Delhi violence, which followed protests against the Citizenship Amendment Act (CAA), “as the investigation by the Delhi Police has evoked extensive critical commentary in recent times.”