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No more Dynasty Politics?

Ashok Gehlot, Rahul Gandhi, Congress, Congress President, Sachin Pilot, Rajasthan chief minister, Rajasthan deputy chief minister, New president of congress

After suffering a massive defeat in the Lok Sabha polls, Rahul Gandhi had offered to step down from the position of the Congress President. The Congress Working Committee nonetheless didn’t accept Rahul’s resignation. However, Rahul is adamant on his stand and is keen to resign. According to reports, Rajasthan Chief Minister Ashok Gehlot is likely to be appointed as Congress party President. If Gehlot becomes the party president, a person other than from the Gandhi family will be appointed for the coveted post after 20 years.

BJP MLA Satish Poonia said, “There was pressure on Congress party to look for a new leader after the Lok Sabha poll results. The Congress is yet to come out of the dynasty politics trend. They have not inducted new leaders and they have not got the opportunity to take the party forward. Therefore, they might induct a fresh face for the President’s post.”

Often allegations have been made against the Congress party for following dynasty politics thereby sidelining talented leaders from the outfit. By proposing Gehlot’s name, the party is trying to shed the allegation of following dynasty politics. Moreover, Rahul Gandhi also had a reservation against appointing Priyanka Gandhi for Congress President’s post. This time Rahul wants a person from outside the Gandhi family to become the Congress President. Congress is soon going to make an announcement in this regard. Gehlot has been asked to be prepared to take up the role. Gehlot had earlier been the general secretary in-charge of the organisation for the party before he became the Rajasthan Chief Minister.

When AV spoke to Advocate Manisha Rote, Mahila Pradesh Congress General Secretary, she said, “Rahul Gandhi listens to the voice of the common people. He might take the decision to appoint Ashok Gehlot as the party President in the interest of the people. Dynasty politics is prevalent in other parties also.”

“A candidate must possess the capability to take such a huge responsibility of leading the party. If Rahul feels some leader is capable then he will take a decision in this regard. Both Rahul and Sonia Gandhi will look after the progress of the party,” she added.

Speculations are rife in Rajasthan too that if Ashok Gehlot is appointed as the Congress President, then who will be his successor for the Chief Minister’s post of the state. If Gehlot becomes the Congress President, then Rajasthan Deputy Chief Minister and the Pradesh Congress Committee (PCC) chief Sachin Pilot will become the front runner for the Chief Minister’s post of Rajasthan. After Congress party’s poor performance in the Lok Sabha, polls there have been talks about revamping the party cadre and appointing a new President.

Political journalist Nilesh Khare said, “Congress definitely wants to clean its image by saying that they are not a family driven party. They will choose somebody who is very clean and intellectual kind of person to lead the party. There is a need to induct a new face and somebody who is not connected with the Gandhi family.”

Gehlot is a senior Congress leader and possesses good experience of managing the outfit. He also shares a good rapport with Rahul Gandhi and Sonia Gandhi. He is in good books of senior party leaders of the outfit. Gehlot had been elected as Rajasthan Chief Minister thrice and has been elected as MP for five times. He also had done a good job for managing the Congress party’s campaigning activities in Gujarat. Since Gehlot belongs to backward caste, he can attract Dalits and OBCs to the party fold. All these factors work in Gehlot’s favour as he can amicably manage the party activities.

If Gehlot is appointed as the Congress President then the responsibility of managing Rajasthan Pradesh Congress Committee will fall on Sachin Pilot. Last year, the Gujjar community had held protest to press forward Pilot’s name for a chief ministerial post. They had blocked the highway and vandalised buses in Dausa district in support of the agitation.

After the announcement of the 2018 Rajasthan assembly polls, the Rajasthan Pradesh committee stood divided over the nomination of names for a chief ministerial post. Several hoardings were put across the state demanding Sachin Pilot to be made the Chief Minister.

Has Nehru-Gandhi’s Congress come to an end?

Rahul Gandhi decided to step down from the position of the party chief after the abysmal performance in the Lok Sabha election and he made it clear that he is sticking to his determination and would not be involved in the process of the selection of the new party chief.

A dynastic control combined with a lack of accountability has been the critics’ big grouse against the Congress, which became loud after the party’s rout in the recent national election. For the second time in a row, the party got devastated, getting only 52 seats – a marginal rise over its score of 44 in the 2014 election. What accentuated the defeat was Gandhi’s loss from Amethi, his family turf, to BJP’s Smriti Irani.

Days after the results were declared, Rahul Gandhi took “100 per cent” responsibility for the party’s failure and told the 52-member Congress Working Committee that he would like to exit as its top boss. Meanwhile, Congress refused to accept Rahul Gandhi’s decision and over the last weeks, has stuck to the template. We all know only the Gandhi family can hold the Congress together. Gandhi minus family has no meaning. Since Independence, the Congress always had the Gandhis’ at the helm, except for several years after Rajiv Gandhi was assassinated in 1991.

However, the party did not do well under Sitaram Kesri and several leaders had convinced Sonia Gandhi to enter active politics and take the reins of the party. Rahul Gandhi and his mother Sonia would, however, remain in the Congress and work for the party.

I personally respect Rahul more than any other Congress leaders because he seems to be pure from heart, innocent, and childish. He has compassion and no greed. He is well-mannered and has humble conduct. He might have failed as a politician but he has won many hearts as a human. The only thing he lacks is maturity, seriousness, and street-smart approach that a leader must have.

However, he alone pulled the Congress cart standing tall against Modi and Shah. This election was for Modi as the PM and winning 55 seats was also a task. The arrogance of the Congress leaders, the loopholes in the UPA government, the vacuum between the leadership, and the citizens of the country lead to their big downfall. It’s not easy to overcome over-hyped Modi’s era unless the Modi government performs very badly. The Congress could manage to add only a few seats to its 2014 tally of 44 seats. Rahul said that there are a lot of people who believe in Congress’s ideology and he would like to assure them that there is nothing to worry. There are many Congress leaders who are not as active as they should be and they have not taken the loss seriously; there are some Congress leaders who are here to make their children’s career.

Gandhi is the primary heir to the ultimate political dynasty. His great-grandfather, Jawaharlal Nehru, was the first and longest-serving Prime Minister of India. His grandmother Indira Gandhi was the first female Prime Minister of the country and his father was India’s youngest Prime Minister.

Congress Party of the present is playing a game where the opponents of the main leader are cut off totally. The leaders who questioned Rajiv’s dealing in defense contracts or Sonia’s foreign origin were all abruptly thrown out. In 1998, Sitaram Kesri was thrown off the leadership saying that he lost the elections to BJP. However, in 1999 when Congress lost, even more, no one dared to question the effectiveness of his successor – Sonia.

Kesri and other leaders had the ignominy of roughed by their own party members in the headquarters of the party he headed. There were occasional stretches of brilliance from the Congress. For instance, Narasimha Rao stunned everyone in what he was capable of. However, he was silenced by the end of his term and in a short time was forgotten.

While Congress continued to name all government programs on Rajiv and Indira, hardly anything is named after Rao or others. Nand Kumar Gujral was an upright man and among the nicest leaders, India had. He tried his best to protect democracy from the clutches of Indira. See the reward he got – thrown off the cabinet. Later when he became the PM through a coalition arrangement, Congress played drama with Jain Commission reports and destroyed his government – among the best ones in foreign policy and economy.

In such a scenario, where you are roughed by your own party and forgotten by your own party even after doing great things for your nation, hardly any self-respecting leader can stay within the party. Almost every last leader with respect have quit and thus by self-selection, the ones remaining are those who would not question. People talk about Sachin Pilot, Shashi Tharoor, etc. None of them would survive outside Congress. Pilot was a minister only because of his daddy’s legacy. Tharoor, while definitely intelligent, is not cut out for big league politics and showed no indication of running a people movement of his own. Sonia is far smarter in politics than them and they better not throw away their advantages of sticking on.

In summary, the reason why Congress leaders don’t question Nehru family is that they cannot remain long within the party. Those who could not accept that kind of dictatorial proceedings found almost all major political parties in India. The reason why no Congress leader opposes the Gandhi Parivar is that they are such pathological compulsive boot-lickers and they can’t help it. The so-called elite leaders of Congress know that none of them have any pan-Indian appeal and also cannot win even a few seats by themselves even in their own backyards. They are all ambitious and prone to the pronounced Indian crab culture, and as at present, the Nehru-Gandhis are the glue who bound these disparate leaders together and still keep the Party intact.

Like it or not, politics in India, and to some extent elsewhere, is heavily dependent on personalities rather than policies or programs. That way the Nehru-Gandhis are a brand in themselves for Congress just as Narendra Modi or Arvind Kejriwal are brands or the USP for BJP and AAP respectively because they are the most known faces and vote catchers for their parties.

We have seen in recent times what befell the elite leaders of both BJP and AAP when they decided to defy Modi or Kejriwal. Please also note that even in the worst drubbing the party ever got in 2014, the Congress still managed to get a vote share of almost 20 per cent whereas BJP riding on the anti-incumbency wave and Modi magic could by itself manage only a little over 30 per cent. So, there are people out there who still vote for the Nehru-Gandhis even though the people on social media are averse to the dynasty and consider Rahul Gandhi as Pappu. The elite leaders can never challenge the dynasty and for that, we need mass leaders with grassroots level support, like late K. Kamaraj and YSR or like Mamata, Nitish Kumar, and Chandrababu Naidu of today. Finally, Gandhis have come to terms and gave up their ambition to remain on the higher position of party politics. Let’s see, with this change whether Congress bounces back or sinks further.


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Pro-Hindu organizations protest against Punalekar’s arrest

Protest for PunalekarHundreds of members of pro-Hindu organizations and their office bearers expressed displeasure over unjust arrest of advocate Punalekar, raising slogans for his release on Thursday at Azad Maidan. A large number of women and young men participated in the agitation. Demonstrators were wearing masks of advocate Punalekar; sending message of their strong support to him. Devout demonstrators were carrying display-boards with ‘Honour our Constitution, release Punalekar’, ‘Honour democracy, release Punalekar’ .

PunalekarAdvocate Sanjiv Punalekar exposed failure of investigating agencies in solving murder cases of Dr. Dabholkar and Pansare by presenting in Court, the directionless manner in which investigations were conducted. Therefore, advocate Punalekar and Vikram Bhave, RTI-activist have been arrested out of spite. Such throttling of devout Hindu activists will never be tolerated by Hindus. Punalekar and Vikram Bhave should be immediately released with due respect from such unwarranted arrest.

Punalekar ProtestsAdvocate Punalekar has been arrested for advising the accused in Dr. Dabholkar’s case to destroy the gun used by him. In fact, different accused were nabbed even earlier in Dr. Dabholkar’s case and information given by investigating agencies has been contradictory to each other. The pistol, which has been claimed by investigating agencies as used for Dr. Dabholkar’s murder, is not yet found.

Hindu Janjagruti Samiti Spokeperson Dr. Uday Dhuri said,“Earlier Congress government had tried to implicate devout Hindu activists in murder cases of members of progressive factions so as to brand Hindus as terrorists. Congress government has committed sin of misleading investigations towards pro-Hindu organizations.”

National President of Lashkar-E-Hind Shri. Ishwarprasad Khandelwal said while addressing demonstrators, “Advocate Punalekar has always cooperated with police during investigations. He has earlier requested the Court to conduct hearing of Dr. Dabholkar’s case on fast-track so as to clear the blot on devout Hindu activists about their involvement in murder case. Investigating agencies have, however, no concrete proof; therefore, there is delay in investigations.”Sanjeev Punalekar

Also Read: Mumbai advocates demand to free Punalekar

RBI Cuts Lending Rate – But Will Real Estate Benefit?

rbi housing
Image Courtesy: arcequity.com

As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019. Even though the Indian economy is perceived to be in the grips of a slowdown, the markets are quite bullish on Modi’s return to power with a thumping majority. This may eventually lead to mitigated risks in fiscal deficit – in all likelihood, it is sensing this that the RBI has made this rate cut.

As for the housing sector, this rate cut may send only send out positive notional signals – its real gain can be realised only if banks pass on the benefits to actual home buyer borrowers. The apex bank will need to ensure that this actually happens at the ground level since there has been little evidence of such transmissions in the recent past.

In the current scenario bereft with rising NPAs and the ongoing NBFC crisis, things look quite bleak at the moment. The reason why most banks are not really able to pass on the benefits of RBI’s rate cuts is that their deposit rates are still very high. This ultimately makes reducing interest rates to borrowers unfeasible.

Nevertheless, this rate cut will only have any really significant impact on the housing market if and when banks reduce their lending rates to homebuyers.

– By Anuj Puri

Unsold Luxury Housing Stock Declines 12% in 1 Year

unsold luxury houses
Image Courtesy: economictimes.com
  • Overall unsold inventory of luxury homes (priced INR 1.5 cr – INR 2.5 cr) declines to 42,650 units in Q1 2019 from 48,300 units in Q1 2018
  • MMR currently accounts for maximum share at 56%
  • Bangalore sees 49%, Kolkata 37% yearly decline in total unsold ultra-luxury homes
  • NCR and MMR each saw a 7% decline in pent-up luxury inventory during the year
  • Mid-segment (INR 40 lakh – INR 80 lakh) saw max. reduction with 14%; affordable (<INR 40 lakh) saw a 3% rise in total unsold stock in this period

The slowdown in Indian residential real estate over the last few years caused most high net-worth individuals (HNIs) to shun luxury housing and look at other investments within or outside real estate. However, ANAROCK’s latest study indicates that HNIs are now using the tail end of the slowdown in India’s luxury residential market to their advantage.

Stagnant prices and best-buy deals have brought back some of the demand luxury homes, leading to a decline of 12% in this segment’s overall unsold stock in one year. To put it in numbers, the current unsold stock of luxury homes (priced between INR 1.5 cr to INR 2.5 cr) has reduced to approx. 42,650 units against approx. 48,300 units as on Q1 2018.

Typically, the investment portfolios of HNIs and UHNIs have about 30-35% of the total investments in real estate. That said, the majority of HNIs and UHNIs who have triggered this reduction trend are end-users who perceive that luxury housing prices have bottomed out. Developers are also offering attractive deals and further discounts to clear their unsold luxury stock.

Among the top 7 cities, MMR predictably accounted for the maximum share of unsold luxury housing stock at about 23,930 units in Q1 2019, while Kolkata had the least stock with around 770 units.

Bangalore led from the front, recording a whopping 49% decline in unsold luxury stock within a year – from 6,370 units in Q1 2018 to 3,260 units in Q1 2019 (ANAROCK’s recent Consumer Sentiment Survey confirms that nearly 31% NRIs currently prefer to invest in Bangalore).

Bangalore’s notable luxury inventory-shedding performance was followed by Kolkata, which offloaded 37% of unsold luxury homes in the same period. On the other hand, Chennai and Hyderabad saw unsold luxury homes pile up further by 50% and 10% respectively.

The two most expensive markets of NCR and MMR each saw a 7% yearly decline, with NCR currently holding ‘just’ 9,590 unsold luxury units as on Q1 2019 and MMR still saddled with 23,930 unsold luxury units.

NCR saw its maximum housing sales in the mid-segment category, with overall unsold stock in this category reducing by 20%. This, in fact, is becoming a nation-wide trend.

Mid-segment Sees Highest Reduction in Unsold Inventory

Overall, unsold stock of mid-segment housing (priced between INR 40 lakh and INR 80 lakh) saw the maximum decline of 14% during this one-year period. As it stands now, unsold stock in this segment across the top 7 cities is nearly 2.25 lakh units, second only to the affordable segment which accounts for 2.42 lakh unsold units.

Contrary to previous trends, the overall unsold stock in the affordable housing category (priced <INR 40 lakhs) saw a 3% increase since Q1 2018. This jump in unsold stock is primarily because this segment saw the maximum new launches in 2018. It accounted for a 40% share of the total of 1,95,300 units launched in the year. That said, with more and more buyers looking to buy affordable properties on account of several incentives such as lower GST rates, this unsold affordable stock is likely to reduce going forward.

– By Anuj Puri

(The author is the Chairman – ANAROCK Property Consultants)

‘Common glue may help fight climate change’

climate crisis
Image Courtesy: Pixabay

Researchers have developed a new material containing common glue molecules which may help tackle climate change by capturing the greenhouse gas carbon dioxide (CO2) directly from the air.

Carbon capture materials are a crucial part of a range of technologies, alongside renewables and energy efficiency solutions, that can help reduce the amount of CO2 we release into the atmosphere, according to the research published in the journal Chemistry of Materials.

“We show that small epoxy molecules typically found in glues can stick larger ones together to make effective carbon capture materials potentially useful to tackle climate change,” said Enrico Andreoli, from Swansea University in the UK.

“We’ve developed a new approach to making an effective CO2 capture material from a widely studied CO2-reactive polyamine by reaction with an industrially mass-produced epoxy resin,” Louise Hamdy, first author of the research paper, added.

“This material shows very high CO2 uptake and could potentially be used to capture CO2 from industrial flue gas streams or from the air, relieving us from some of the worst effects of global warming,” Hamdy said.

Current CO2 capture technologies need to be significantly advanced.

Major challenges include materials cost, capacity, CO2-selectivity, regeneration, robustness, and stability to water.

Solid CO2 capture materials composed of polyamines supported on alumina or silica have emerged as promising carbon capture materials.

The researchers cross-linked the polyamine into a solid by using epoxy resin — constituting just one-tenth of the mass of the material –maximising the CO2-reactive component and avoiding the use of a support.

“This confirms the validity of my original idea of using cross-linking as an alternative to bulky supports,” said Andreoli.

The cross-linked material modified with a hydrophobic additive captured almost 20 per cent of its weight in pure CO2 at 90 degrees Celsius, researchers said.

This finding confirmed a previous hypothesis that the introduction hydrophobic groups can disrupt the internal structure of the material to promote CO2 uptake by the polyamine, they said.

The additive not only increased the amount of captured CO2 but did so at a lower temperature.

“This finding is significant as it proves that through the introduction of additives, we can fine tune these materials for optimum performance at specific working temperatures,” Hamdy said.

Experiments revealed the functionalised sample to be highly selective for CO2 over nitrogen (N2), showing negligible uptake of N2.

Selectivity was further explored by testing the material performance under flue gas-like conditions.

This revealed that the sample could capture 9.5 per cent of its weight in CO2 under a dilute CO2 stream of 10 per cent CO2/90 per cent N2 at 90 degrees Celsius in only 15 minutes.

The functionalised material also performed exceptionally well under humid conditions — often a huge challenge for many CO2 sorbent solids.

At 25 degrees, in pure CO2, the pre-hydrated material was able to capture an impressive 23.5 per cent, researchers said.

This opens up the possibility of this material being developed for capture of CO2 directly from the air, they said.

Will govt’s big step to ensure equitable water supply be helpful?

mumbai water
Image Courtesy: rediff.com

Minister of State for Urban Development Yogesh Sagar on Thursday said that a report on equitable water distribution across Mumbai has been prepared and the Maharashtra government will ask the city civic body to implement it.

Responding to a question raised by NCP member Rahul Narvekar through a Calling Attention notice in the state Legislative Council, Sagar said, “A comprehensive report on equitable water distribution for Mumbai city and its suburban areas is ready. The report will be shared with the Brihanmumbai Municipal Corporation (BMC) soon and the civic body will be asked to implement it.”

To another question, he said people living on forest land in Mumbai for years were not getting adequate drinking water supply, but the government will soon ensure it for them.

Chief Minister Devendra Fadnavis in 2016 announced setting up a committee to ensure equitable water distribution for the region coming under the jurisdiction of the BMC.

The minister also noted that the Mumbai civic body loses around 25 to 27 per cent water due to leakages. “The government is trying hard to minimise such losses so that it can cater to the growing drinking water demand,” he said.

Sagar said that though the number of city’s permanent residents is limited, its floating population (those who keep moving from place to place) puts a lot of pressure on the administration.

“It is necessary to supply 270 litre of water per person in city areas, mainly due to the pressure of the floating population,” the minister said.

Healing touch through Yoga

Yoga, Health is wealth, Yoga healthYoga is approximately 4,000 years old and is a scientific methodology aimed at uniting the mind, body, and spirit. This bonding that occurs through yoga is said to bring about not only physical benefits but mental benefits as well, taking the individual to a level that could not be reached by manipulating one factor alone. This unique characteristic has prompted many back pain patients to incorporate yoga as part of their treatment program.

Yoga Day not only getting the pride of place in the National Capital and other cities in India, but it has also made an impact all over the world. An extravaganza called Yoga reached every nook and corner of the world and it was a significant success for the movement. Even monsoon rains did not lower the spirits of the people in Mumbai. The organisers have made an elaborate arrangement to conduct the memorable proceedings indoors to the convenience of the people and to make the yoga day a grand success.

We hope that the Yoga Day will be kicked off with a massive yoga demonstration and people from all walks of life will join Yogpath for robust health. Across India, the celebrations will go a long way in kindling the spirits of yoga practitioners. PM Modi made it a memorable day and the people did follow him in the true spirit of yoga to make Yoga Day an eventful one. Yoga is part and parcel of your life and that was displayed in a well-disciplined manner all through the year and the nation now follow it made a big stride in reaching the people through Yoga.

Anxiety, tension, brokenness, conditional love, death, dejection, emptiness, insignificance, guilt, hopelessness, illness, falsehood, and a sense of shame on the failure or due to shameless act by colleagues creates suicidal tendency. Depression is a strong mood involving sadness, loneliness, discouragement, despair or hopelessness that lasts for weeks, months or ever for a longer period creates the guilty feelings.

Over 18 million people suffer from depression every year. Many never seek treatment yet most cases of depression or treatable with effective therapies and medication. The best medicine is to mediate through yoga and win your heart and soul work according to your commands and not to give scope for diversions. Yoga plays a pivotal role and the essence of what you learnt through yoga comes handy when a person handles sadness or a sensitive issue with a mind to face any situation. There lies the success of Yoga and Yogis and now common people follow the better way to live a cheerful and happy life.


Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of AFTERNOON VOICE and AFTERNOON VOICE does not assume any responsibility or liability for the same.Help Parallel Media, Support Journalism, Free Press, Afternoon Voice

Letters to the Editor: 20 June, 2019

FEATURE LETTER DIARY 679x400 e1553672678487

Don’t attack doctors

Doctors calling off their week long strike across the country comes as a relief. Doctors too are human and can commit mistakes but violence serves no purpose and there are proper forums as well as courts to address the grievances. Patients’ relatives should not take the law in their hands as the medical field is most important as lakhs of people across the country are treated successfully by these doctors who are saviours for many.

Also, doctors on their part too should not go on flash strikes as we are a nation of over a billion population with poor doctor-patient ratio and many deaths have take place in the country for want of treatment the last few days. Medical is a noble profession and we must respect the sanctity of this profession which saves several lives each year. Every public hospital should be provided with security by state governments so that untoward incidents which cause serious damage can be avoided.

S.N. Kabra

 

Serious folly of Education Board

Sage ‘Sushrut’ is the father of surgery. In English medium Bal Bharati’s text book for 6th standard of Maharashtra State Bureau of Textbook Production and Curriculum, he has been referred to as a veterinary doctor. This is being taught to students since 2016. So, wrong information has been spread among students but how can such serious mistakes be committed by the Education Board? Which data was used to refer to him as veterinary doctor?  Who has committed such mistake? Everyone needs to know it. It is not the first time that Maharashtra Education Board has committed mistakes but it would be long list of mistakes if it is noted down on paper. Similar is the situation with Central Education Board’s text books. This is a case of not just dissemination of wrong information but it is taxing people’s money since new text books have to be printed emptying Government’s coffers. Why shouldn’t such loss be recovered from the concerned irresponsible persons? It should be checked that a person appointed as an expert for preparing text book, is a true expert and does not hold degrees on paper and whether he is ignorant of knowledge of concerned subject. Special attention needs to be paid for distorting historical facts.          

 Kishor Auti

 

Archaic oath taking ceremony

The recent oath taking ceremony for the 17th Lok Sabha session witnessed several members affirming in different regional languages while assuming the position. The day long event witnessed all the members reading the transcript of the oath presented in the presence of pro-tem speaker.

Though the event witnessed many first time members setting foot at legislators into the Parliament, the entire day was merely wasted without any business. The day was reserved only for an oath taking ceremony, which holds no relevance in today’s busy world and thus only resulted in wastage of tax payers money for one day without any business. The archaic oath reading ceremony could have been replaced by mere signing of the papers through necessary Parliamentary business procedures and the session could have started off directly through business proceedings from day one itself.

As there many crucial amendment bills pending to be passed, which requires sufficient time for necessary discussions and then pass the resolution, the Hon’ble Ministry of Parliamentary Affairs is now suggested to look into taking off unwarranted and archaic oath taking ceremony for the members in both the houses and help ensure that sufficient time is given to discuss the issues which the voters are eagerly awaiting to witness.

Varun Dambal

 

Scholarship to minority students

It refers to central government announcing five crore scholarships to students from minority community with 50-per cent reserved for girls. Since the move is clubbed with proper training for Madarsa-teachers to bring them in main streamline, it seems to be a strategic step because till now Madrasas had been providing old faulty style of teaching young Muslim children of school-age. With Madrasas also providing future education in tune with other educational institutions, it will create homogeneous next generation through similar education-style.

It is noteworthy that for the first time, it has been clarified that minority communities other than Muslims will also be covered in scholarship-programme for minority students. Otherwise till now mainly Muslim-community were provided benefits through such special schemes launched for benefit of minority community.

Subhash Chandra Agrawal


(The views expressed by the author in the article are his/her own.)
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Curtail Crony Capitalism — Part I

coronaru capitalism
Image Courtesy: economictimes.com

Crony capitalism kills transparency and competition and hence, it is harmful to free enterprise, opportunity, and economic growth. By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth. In crony capitalism, where the rich and the influential are alleged to have received land, natural resources and spectrum in return for payoffs to venal politicians. Thus, the rich is becoming richer and the poor remains poorer.

The greatest dangers to growth of developing economies like India is the middle income trap where crony capitalism – creates oligarchies that slow down the growth. The only way of avoiding this trap is to strengthen public services, especially those for the poor, adding that financial inclusion drive of the government and the RBI is a key initiative in the same direction. Crony capitalism hampers economic growth and needs to be taken care to prevent and clear the hurdle for greater transparency in the day to day transactions.

Ideological labels like ‘crony capitalism’ are likely to mislead by channelling the debate into philosophical-ideological issues of capitalism and socialism and detract from finding and addressing the real problems. The real problem is the unprecedented and unique system of government controls built under the Indian version of socialism. This has resulted in pervasive and deep-rooted corruption. We need policy reforms that reduce the incentive for corruption and institutional reforms that catch, try and punish the corrupt.

Those who cannot remember the past are condemned to repeat it. Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its crony socialism, many intellectuals, media persons and politicians have now discovered crony capitalism. The license raj consisted of stifling controls imposed on prices, production, capacity, investment, imports and exports, capital markets, banking and finance, land, labour. This provided ample opportunities for collusion between a corrupt government initially used to generate money to run parties and fight elections, but gradually became a means of generating personal income and wealth.

A new opportunity for corruption in public contracting has arisen in the form of Public-Private Partnership (PPP) contracts. Given the limited experience in this area, initial contracts had flaws that could create opportunities for corruption. There is now sufficient experience of PPP in ‘natural monopoly’ infrastructure, to modify these contracts and build corrective mechanisms into them. Governments have also failed to build independent professional regulatory systems.

During his election campaign in 2013-14, Modi raised expectations of a great economic revival, high growth, and tens of millions of new jobs for the ever-growing workforce. The new government hit the ground running and the first two years were action-packed and raised high hopes. There was temporary slow down after initial pick up and it gained momentum on the eve of 2019 general elections. We could praise the Modi government on maintaining economic growth at over 7 per cent (although the latest data shows slowing growth, especially in the already stressed agriculture sector), we could praise the government for bringing down inflation and keeping it low, and we could praise it for maintaining fiscal discipline by and large, letting it slip only due to political desperation as elections approached.


(The views expressed by the author in the article are his/her own.)
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