India's fiscal deficit nightmare 2020 21
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The document summarizes India's fiscal deficit and gross liabilities for the years 2019-20 and 2020-21. It states that India's GDP in 2019-20 was approximately Rs. 250 lakh crore, with a fiscal deficit of Rs. 8.75 lakh crore or 3.5% of GDP. However, additional liabilities not provided for in the budget estimate totaled Rs. 38.75 lakh crore, bringing the real fiscal deficit to 15.5% of GDP. For 2020-21, GDP declined by 23.9% to approximately Rs. 190 lakh crore, while additional liabilities above the budget estimate of Rs. 35 lakh crore total Rs. 70 lakh
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Civilsdaily digest August 2015
The document discusses several news articles from August 2015 related to economics, politics, environment and science/technology in India. Key points from the articles include:
1) The Indian government will infuse Rs. 70,000 crore into public sector banks over four years to boost investments.
2) A vaccine developed in Canada showed 100% efficacy in trials in Guinea against the Ebola virus.
3) A survey found that 67.3% of rural Indian households use firewood for cooking, compared to just 14% of urban households.
FISCAL POLICY AND HIGHLIGHTS OF RECENT BYDGET
The document summarizes key aspects of the 2018-19 Union Budget presented by the Finance Minister of India. The budget focused on 6 themes: farmer, rural population, poor/underprivileged, infrastructure, financial sector, and tax proposals. It allocated funds for agriculture, rural development, healthcare, railways, women's employment, and disinvestment. The overall goals were fiscal deficit management and achieving economic stability and growth through prudent financial planning.
India's Public Finances are in Shambles
The finances of the Government of India (GOI) are in dire straits. As of January 2020, the fiscal deficit was estimated at Rs. 9.85 lakh crore, which is about a third of total budgeted expenditures. With disastrous tax revenue in the first three quarters of the fiscal year and the impact of COVID-19, the actual deficit could exceed 45-50% of expenditures. Adding additional off-budget borrowing, the deficit could jump to 45% of revenues. To fill this large shortfall, GOI will need to take on substantial new borrowing, further increasing debt levels and interest payments in the coming years. The financial condition of GOI is weak, limiting its ability to provide further fiscal support
Budget analysis FY -2020-21
The budget summary provides an overview of the key highlights of the Union Budget 2020-21. The central themes are enhancing consumer spending, farm incomes, and continuing infrastructure investment while keeping the fiscal deficit below 3.8% of GDP. Key areas of focus are agriculture and rural development, industry and infrastructure, and social welfare. The budget aims to boost investment through a 12% increase in planned expenditure while maintaining fiscal discipline. It also focuses on simplifying the personal income tax structure, boosting financial and MSME sectors, and supporting startups.
Market Outlook Post Union Budget 2017-18
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Union Budget FY18-19 Highlights by Bajaj Allianz Life Insurance
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Civilsdaily digest August 2015
The document discusses several news articles from August 2015 related to economics, politics, environment and science/technology in India. Key points from the articles include:
1) The Indian government will infuse Rs. 70,000 crore into public sector banks over four years to boost investments.
2) A vaccine developed in Canada showed 100% efficacy in trials in Guinea against the Ebola virus.
3) A survey found that 67.3% of rural Indian households use firewood for cooking, compared to just 14% of urban households.
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The document summarizes key aspects of the 2018-19 Union Budget presented by the Finance Minister of India. The budget focused on 6 themes: farmer, rural population, poor/underprivileged, infrastructure, financial sector, and tax proposals. It allocated funds for agriculture, rural development, healthcare, railways, women's employment, and disinvestment. The overall goals were fiscal deficit management and achieving economic stability and growth through prudent financial planning.
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The budget summary provides an overview of the key highlights of the Union Budget 2020-21. The central themes are enhancing consumer spending, farm incomes, and continuing infrastructure investment while keeping the fiscal deficit below 3.8% of GDP. Key areas of focus are agriculture and rural development, industry and infrastructure, and social welfare. The budget aims to boost investment through a 12% increase in planned expenditure while maintaining fiscal discipline. It also focuses on simplifying the personal income tax structure, boosting financial and MSME sectors, and supporting startups.
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The document summarizes key aspects of the India Budget 2016, including:
1) It focuses on 9 pillars to transform India including agriculture, rural employment, social sectors, infrastructure, financial reforms, and ease of doing business.
2) Key allocations include Rs. 36,000 crores for agriculture and farmer welfare, Rs. 38,500 crores for MGNREGS, and Rs. 2,21,246 crores for infrastructure development.
3) Reforms aim to boost startups, manufacturing, and increase FDI in various sectors such as insurance and pension funds.
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1. Economic indicators such as GDP contraction, inflation rates, growth drivers, monetary policy actions, FDI flows, credit growth, and current account trends.
2. Direct tax proposals including tax exemption for cash allowance in lieu of LTC, taxation of interest on PF contributions over Rs. 250,000, and no tax exemption on ULIPs with premium over Rs. 250,000.
3. Corporate tax rates remaining unchanged with incentives for affordable housing projects and notified rental housing projects.
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The report covers the comparison of previous tax receipts since 2016 and compares it on a Y-o-Y the fall and growth in this phase,upto presently available government data.
The report also five a picture of "What if" no COVID situation had happened on a rough estimate.
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Budget
The document discusses key economic indicators of India such as GDP growth, contributors to GDP, tax receipts, government expenditures, fiscal deficits, and their implications. It analyzes graphs showing India's strong GDP growth over the decades, rising contribution of the services sector to GDP, high government spending on interest payments and subsidies, and increasing fiscal deficits reflecting a growing debt burden on the government. The rising deficits are a concern as they are driven by non-developmental expenditures and could limit the government's ability to fund important infrastructure projects.
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The Finance Minister presented the Union Budget on 1st February 2017. This is our analysis of the implications of the budget on the Indian Economy and the Markets. We have also shared the stocks that will be the Budget Winners & Losers. We hope you enjoy going through our analysis.
India Union Budget in Feb 2019
The budget aims to boost growth by putting more money in the hands of citizens and focusing spending on rural areas. It provides tax breaks and increases funding for rural jobs and farmer compensation. This will benefit consumer companies and boost personal consumption. Government receipts are projected to increase substantially over the next two years through higher tax revenues and asset sales. While the fiscal deficit will remain unchanged, expenditures will rise and will need to be supported by borrowings and other sources given no new tax measures.
050221-Analysis of union budget 2021-22.pptx
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It notes that the budget projects a large increase in capital expenditure and decrease in revenue expenditure. It also projects over 10% growth in revenue receipts. However, large revenue losses and expenditure increases related to food subsidies have led to a major increase in the fiscal deficit.
The budget aims to boost infrastructure investment through the new National Monetization Pipeline and relaxations to private funding conditions. It also focuses on increasing health spending and supporting farmers, MSMEs, and start-ups. Several tax proposals aim to reduce compliance burden but maintain overall tax levels.
Budget in reference to growth of gdp
This document discusses Bangladesh's GDP growth and national budget in several areas:
- Bangladesh's GDP per capita increased by $158 from the previous fiscal year to $1,909 in the current year, with an average of $281.272 over years.
- The government projected GDP growth of 8.2% for the 2019-20 fiscal year with 5.5% inflation. The goal is to reach double digit growth by 2023-24.
- While GDP growth has exceeded targets, concerns were raised about inconsistencies between GDP estimates and indicators. Private investment as a percentage of GDP also remains below targets.
- The budget prioritizes infrastructure but does not sufficiently address inequality created by disproportionate spending and regress
Stock Recommendation - Chicago Bridge & Iron Company 20161008
- The document provides an analysis and recommendation for Chicago Bridge & Iron Company N.V. (CBI) stock.
- Several valuation models are used to estimate the stock price, including comparable company analysis, discounted cash flow, and residual income models.
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Analysis of 15th Finance Commission's First Report
Key Takeaways:
Understanding Finance Commission and its Functions
Assessment of Union and State Finances
Recommendations on Vertical and Horizontal Devolution
Allocation of Grants-in-aid to States and Local Bodies
Recommendations on Disaster Risk Management
CURRENT AFFAIRS ANALYST WEEK-2 (MAY, 2019)
Here are the key points regarding the delicate balance the RBI has to maintain in its functioning:
- The RBI has to balance its role as the central bank responsible for financial stability with other objectives of economic growth and development.
- As a regulator, the RBI issues various directions, circulars and guidelines to maintain financial discipline and stability in the banking system. However, these regulations should also consider practical difficulties and special circumstances faced by different sectors.
- The SC order quashing RBI's February 2018 circular points to the need for the RBI to consider special cases and sectoral issues while framing uniform regulations, instead of a one-size-fits-all approach.
- At the same time, the
Doing Business in India
INDIA is one of the oldest civilizations in the world
with a kaleidoscopic variety and rich cultural heritage.
It is the seventh-largest country by area, the second-most
populous country with over 1.2 billion people, and the
most populous democracy in the world. In the present
scenario, India’s economy is the fourth largest by purchasing
power parity (PPP) and 10th largest by nominal
gross domestic product (GDP), globally.
India has seen a systematic transition from being a
closed door economy to an open economy since the beginning
of economic reforms in the country in 1991.
These reforms have had a far-reaching impact and have
helped India unleash its enormous growth potential.
Today India is one of the fastest growing economies in
the world and has emerged as a key destination for foreign
investors in recent years. According to UNCTAD’s
World Investment Prospects Survey 2012–2014, India is
the third-most attractive destination for FDI (after China
and the US) in the world.
India’s GDP has also grown at around 7.9 per cent between
2003 and 2012. This trend, according to the International
Monetary Fund (IMF), is likely to continue for
the next five years with an average GDP growth rate of
7.7 per cent per annum till 2017. India’s GDP for 2015,
valued at US$ 2.183 trillion at current prices is the 10th
largest in the world1.
Fiscal policy review 2014
The document summarizes Bangladesh's fiscal policy and 2014-2015 budget. Key points include:
- Revenue collection in 2013-2014 was only 62.89% of revised targets due to political turmoil.
- The proposed 2014-2015 budget totals 250,506 crore taka, a 15.9% increase over revised 2013-2014 budget.
- Revenue targets were increased 16.8% but may be difficult to achieve given economic sluggishness.
- The budget deficit is projected to increase 26.97% and foreign financing will likely be difficult.
- Some sectors like pharmaceuticals and textiles may benefit from tax changes while real estate and telecom could be negatively impacted.
- The analyst notes
Transformation of farmers agitation 2021 in India
This movement began as a protest against controversial farm acts by farmers, but has expanded into a broader challenge and alliance against the government by 90% of India's population. It represents common people challenging the privileged elite and seeking to replace the existing political system that perpetuates inequalities. The movement signals dissatisfaction with a system skewed in favor of upper castes and brings together various disadvantaged groups including farmers, laborers, and the unemployed from across different states. It seeks equitable policies for both buyers and sellers in the agricultural sector and other reforms benefiting farmers and rural communities.
War Clouds gather on India's horizon
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the Indian border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated infrastructure overseas and tested new weapons.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to Biden's blue presidency
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War Clouds on India's Horizon
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the India-China border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated Western systems through cyber and economic means.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to biden's blue presidency
Biden faces significant challenges as President from Republican opposition in the Senate and from conservative Americans who supported Trump. His agenda faces obstacles to passing legislation due to the even Senate split, and he may be forced to compromise on issues like abortion, immigration, and healthcare to appease conservatives. Biden also inherits an economy weakened by the pandemic and trade wars, high debt levels, and social divisions exacerbated by Trump. His ability to enact his agenda and make progress on issues like racial justice and climate change will depend on his ability to navigate these political and economic challenges from his opponents on the right.
One Dimension of the Post-SARS-2 world
1. The document discusses the political and economic fallout of the COVID-19 pandemic, originating from China. It argues that while the Chinese government is culpable for initially suppressing information about the outbreak, blaming the Chinese people is unfair.
2. It describes how China's economic reforms and opening up led to massive growth and wealth creation, but also political ambitions and social tensions. The pandemic may cause countries to bring manufacturing back and reconsider their dependence on China.
3. India is positioned to benefit if it replicates China's economic model to attract investment and jobs, but it faces major challenges around infrastructure, bureaucracy, and corruption. Overall, the pandemic could spur manufacturing growth in multiple countries and regions.
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Deloitte India: What the union budget 2021 brings?
The document provides an overview of key aspects of the Union Budget 2021, including:
1. Economic indicators such as GDP contraction, inflation rates, growth drivers, monetary policy actions, FDI flows, credit growth, and current account trends.
2. Direct tax proposals including tax exemption for cash allowance in lieu of LTC, taxation of interest on PF contributions over Rs. 250,000, and no tax exemption on ULIPs with premium over Rs. 250,000.
3. Corporate tax rates remaining unchanged with incentives for affordable housing projects and notified rental housing projects.
Budget 2022-23.pdf
The budget aims to boost economic growth through a large increase in capital expenditure of 35% to INR 7.5 lakh crore. It focuses on an investment-led growth strategy of using public investment to crowd-in private sector capex. The fiscal deficit target of 6.4% provides space to support economic recovery without over-consolidation. Direct support measures include extension of credit guarantee schemes and increased support for COVID-hit sectors like hospitality. Revenue targets are achievable given expectations of strong GST collection growth and a pickup in economic activity.
India Fiscal Deficit Overview Quarter One Report
This report covers the overall fiscal deficit suffered by the Indian economy due to COVID19.
The report covers the comparison of previous tax receipts since 2016 and compares it on a Y-o-Y the fall and growth in this phase,upto presently available government data.
The report also five a picture of "What if" no COVID situation had happened on a rough estimate.
Stimulus Packages
The document summarizes the economic stimulus measures taken by various countries in response to the global financial crisis. It discusses the fiscal stimulus packages implemented by the United States, European Union, United Kingdom, Japan, and China. It then focuses on the fiscal and monetary stimulus measures introduced in India, including increasing plan and non-plan expenditures, interest subventions for export credits, import duty reductions, and cuts to reserve requirements to boost bank lending.
Joining Dots- Twin Defict Analysis
This document discusses India's twin deficits of fiscal deficit and current account deficit. It notes that India has struggled with double-deficit issues for a long period. The fiscal deficit arises from government expenditure exceeding revenue, while the current account deficit is caused by a gap between exports and imports. The document analyzes the components of government expenditure and imports, and how they have contributed to the deficits. It also examines the linkages between economic growth cycles, the components of GDP, and the trajectory of the deficits. The slowing exports and rebounding imports during economic downturns are seen as widening the current account deficit.
What next after nifty 10k?
The document summarizes the key factors that have contributed to the rise of the Nifty index past 10,000 points and an outlook on its future trajectory. It notes that strong corporate earnings growth, positive macroeconomic conditions in India, and rising domestic investments from mutual funds are likely to support the market going forward. Some risks like a slowdown in reforms or rising NPAs are also mentioned. The document concludes by projecting the Nifty to continue its northward trend over the next year, reaching over 11,800 points by December 2018.
Budget
The document discusses key economic indicators of India such as GDP growth, contributors to GDP, tax receipts, government expenditures, fiscal deficits, and their implications. It analyzes graphs showing India's strong GDP growth over the decades, rising contribution of the services sector to GDP, high government spending on interest payments and subsidies, and increasing fiscal deficits reflecting a growing debt burden on the government. The rising deficits are a concern as they are driven by non-developmental expenditures and could limit the government's ability to fund important infrastructure projects.
Union budget 2018 review highlights
The Finance Minister presented the Union Budget on 1st February 2017. This is our analysis of the implications of the budget on the Indian Economy and the Markets. We have also shared the stocks that will be the Budget Winners & Losers. We hope you enjoy going through our analysis.
India Union Budget in Feb 2019
The budget aims to boost growth by putting more money in the hands of citizens and focusing spending on rural areas. It provides tax breaks and increases funding for rural jobs and farmer compensation. This will benefit consumer companies and boost personal consumption. Government receipts are projected to increase substantially over the next two years through higher tax revenues and asset sales. While the fiscal deficit will remain unchanged, expenditures will rise and will need to be supported by borrowings and other sources given no new tax measures.
050221-Analysis of union budget 2021-22.pptx
The document provides an analysis of the key aspects of the Indian Union Budget for 2021-22 from an economist's perspective.
It notes that the budget projects a large increase in capital expenditure and decrease in revenue expenditure. It also projects over 10% growth in revenue receipts. However, large revenue losses and expenditure increases related to food subsidies have led to a major increase in the fiscal deficit.
The budget aims to boost infrastructure investment through the new National Monetization Pipeline and relaxations to private funding conditions. It also focuses on increasing health spending and supporting farmers, MSMEs, and start-ups. Several tax proposals aim to reduce compliance burden but maintain overall tax levels.
Budget in reference to growth of gdp
This document discusses Bangladesh's GDP growth and national budget in several areas:
- Bangladesh's GDP per capita increased by $158 from the previous fiscal year to $1,909 in the current year, with an average of $281.272 over years.
- The government projected GDP growth of 8.2% for the 2019-20 fiscal year with 5.5% inflation. The goal is to reach double digit growth by 2023-24.
- While GDP growth has exceeded targets, concerns were raised about inconsistencies between GDP estimates and indicators. Private investment as a percentage of GDP also remains below targets.
- The budget prioritizes infrastructure but does not sufficiently address inequality created by disproportionate spending and regress
Stock Recommendation - Chicago Bridge & Iron Company 20161008
- The document provides an analysis and recommendation for Chicago Bridge & Iron Company N.V. (CBI) stock.
- Several valuation models are used to estimate the stock price, including comparable company analysis, discounted cash flow, and residual income models.
- Based on the average of target prices from these three valuation approaches, approximately $29.74, the analyst recommends holding the CBI stock.
Analysis of 15th Finance Commission's First Report
Key Takeaways:
Understanding Finance Commission and its Functions
Assessment of Union and State Finances
Recommendations on Vertical and Horizontal Devolution
Allocation of Grants-in-aid to States and Local Bodies
Recommendations on Disaster Risk Management
CURRENT AFFAIRS ANALYST WEEK-2 (MAY, 2019)
Here are the key points regarding the delicate balance the RBI has to maintain in its functioning:
- The RBI has to balance its role as the central bank responsible for financial stability with other objectives of economic growth and development.
- As a regulator, the RBI issues various directions, circulars and guidelines to maintain financial discipline and stability in the banking system. However, these regulations should also consider practical difficulties and special circumstances faced by different sectors.
- The SC order quashing RBI's February 2018 circular points to the need for the RBI to consider special cases and sectoral issues while framing uniform regulations, instead of a one-size-fits-all approach.
- At the same time, the
Doing Business in India
INDIA is one of the oldest civilizations in the world
with a kaleidoscopic variety and rich cultural heritage.
It is the seventh-largest country by area, the second-most
populous country with over 1.2 billion people, and the
most populous democracy in the world. In the present
scenario, India’s economy is the fourth largest by purchasing
power parity (PPP) and 10th largest by nominal
gross domestic product (GDP), globally.
India has seen a systematic transition from being a
closed door economy to an open economy since the beginning
of economic reforms in the country in 1991.
These reforms have had a far-reaching impact and have
helped India unleash its enormous growth potential.
Today India is one of the fastest growing economies in
the world and has emerged as a key destination for foreign
investors in recent years. According to UNCTAD’s
World Investment Prospects Survey 2012–2014, India is
the third-most attractive destination for FDI (after China
and the US) in the world.
India’s GDP has also grown at around 7.9 per cent between
2003 and 2012. This trend, according to the International
Monetary Fund (IMF), is likely to continue for
the next five years with an average GDP growth rate of
7.7 per cent per annum till 2017. India’s GDP for 2015,
valued at US$ 2.183 trillion at current prices is the 10th
largest in the world1.
Fiscal policy review 2014
The document summarizes Bangladesh's fiscal policy and 2014-2015 budget. Key points include:
- Revenue collection in 2013-2014 was only 62.89% of revised targets due to political turmoil.
- The proposed 2014-2015 budget totals 250,506 crore taka, a 15.9% increase over revised 2013-2014 budget.
- Revenue targets were increased 16.8% but may be difficult to achieve given economic sluggishness.
- The budget deficit is projected to increase 26.97% and foreign financing will likely be difficult.
- Some sectors like pharmaceuticals and textiles may benefit from tax changes while real estate and telecom could be negatively impacted.
- The analyst notes
Similar to India's fiscal deficit nightmare 2020 21 (16)
Deloitte India: What the union budget 2021 brings?
Deloitte India: What the union budget 2021 brings?
Stock Recommendation - Chicago Bridge & Iron Company 20161008
Stock Recommendation - Chicago Bridge & Iron Company 20161008
Analysis of 15th Finance Commission's First Report
Analysis of 15th Finance Commission's First Report
More from Shantanu Basu
Transformation of farmers agitation 2021 in India
This movement began as a protest against controversial farm acts by farmers, but has expanded into a broader challenge and alliance against the government by 90% of India's population. It represents common people challenging the privileged elite and seeking to replace the existing political system that perpetuates inequalities. The movement signals dissatisfaction with a system skewed in favor of upper castes and brings together various disadvantaged groups including farmers, laborers, and the unemployed from across different states. It seeks equitable policies for both buyers and sellers in the agricultural sector and other reforms benefiting farmers and rural communities.
War Clouds gather on India's horizon
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the Indian border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated infrastructure overseas and tested new weapons.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to Biden's blue presidency
Biden faces formidable challenges as President from Republican opposition in the Senate and from Trump supporters across America. His agenda will likely be stalled as the Senate is evenly split, requiring Vice President Kamala Harris's vote. The US economy also presents challenges as it relies on high debt and deficits. Biden will face stiff opposition to providing further COVID relief, returning to Obama-era policies, and replacing Trump administration officials. Relations with China may continue as both countries rely on trade, but Biden will face pressure over issues like India from Republicans portraying him as soft. As the first Democratic president in decades, Biden will have to navigate tensions over race, business interests, and personal freedoms to achieve his reform agenda.
War Clouds on India's Horizon
- War clouds are gathering as Russia threatens to invade Ukraine and China flexes its muscles on the India-China border. Both countries have rebuilt their economies and militaries while Western powers have aging equipment.
- China and Russia want to show strength domestically and see Western treaties as having truncated their nations. They have penetrated Western systems through cyber and economic means.
- The global power balance has shifted eastward as Western nations ceded manufacturing and technology to Asia. A future world war would likely be in Asia between East and West. India would struggle to fight on multiple fronts against China and Pakistan.
Red challenges to biden's blue presidency
Biden faces significant challenges as President from Republican opposition in the Senate and from conservative Americans who supported Trump. His agenda faces obstacles to passing legislation due to the even Senate split, and he may be forced to compromise on issues like abortion, immigration, and healthcare to appease conservatives. Biden also inherits an economy weakened by the pandemic and trade wars, high debt levels, and social divisions exacerbated by Trump. His ability to enact his agenda and make progress on issues like racial justice and climate change will depend on his ability to navigate these political and economic challenges from his opponents on the right.
One Dimension of the Post-SARS-2 world
1. The document discusses the political and economic fallout of the COVID-19 pandemic, originating from China. It argues that while the Chinese government is culpable for initially suppressing information about the outbreak, blaming the Chinese people is unfair.
2. It describes how China's economic reforms and opening up led to massive growth and wealth creation, but also political ambitions and social tensions. The pandemic may cause countries to bring manufacturing back and reconsider their dependence on China.
3. India is positioned to benefit if it replicates China's economic model to attract investment and jobs, but it faces major challenges around infrastructure, bureaucracy, and corruption. Overall, the pandemic could spur manufacturing growth in multiple countries and regions.
Redefining nationalism in India
1. The author argues that nationalism in India is often propagated by politicians to distract from domestic issues and consolidate power, rather than unite people. True nationalism respects India's diversity and ensures prosperity for all.
2. Many contributors to India's freedom struggle and cultural heritage are unknown or forgotten. Figures from all religions, genders, and social groups made sacrifices but a narrow version of nationalism promotes only certain identities.
3. India still faces significant issues of poverty, hunger, and inequality despite recent economic growth. True nationalism requires upholding democracy and rule of law to protect all citizens' rights and development.
Should India sell sovereign bonds?
The document discusses India's debate around issuing sovereign bonds. It notes that India's high levels of domestic debt could amount to 45-50% of the government's budget annually. Issuing sovereign bonds in US dollars also presents risks like currency fluctuations, inflation risks, and lower credit ratings increasing interest rates. While sovereign bonds could raise large funds, there are doubts around India's ability to repay its obligations without impacting domestic debt payments or leading to a debt crisis. Alternative domestic funding options that avoid sovereign bond risks need more exploration.
Limitations of Lock Down in India
The author argues that a lockdown in India would be misplaced and ineffective at stopping the spread of Covid-19 due to several factors unique to India. First, high population densities in urban and rural areas would make social distancing and quarantine impossible. Second, many migrant workers have returned from overseas and are traveling within India, negating the impact of a lockdown. Third, daily necessities are purchased from dense markets and small shops, and shutting these down would cause food shortages and panic. The author provides several alternative suggestions to address the virus, such as increased testing, protective equipment for frontline workers, and enlisting private industry to help produce medical supplies.
India sovereign bonds 27072019
This document summarizes the debate around India issuing sovereign bonds for the first time. It notes that India already has high levels of domestic debt totaling Rs. 350-400 lakh crore. Issuing dollar-denominated sovereign bonds would expose India to currency and inflation risks given its lower-medium credit rating. While sovereign bonds could raise large funds, India may struggle to find projects that generate enough return to pay the estimated 6-7% coupon rate required due to these risks. The document argues for reforms like reducing government ministries, increasing foreign portfolio investment limits, and privatizing some state projects before relying too heavily on sovereign bonds.
Revocation of Art. 370 - The Ultimate Victory?
The document discusses corruption among politicians in Kashmir and the siphoning of public funds. It argues that revoking Article 370 is not an end in itself and that more needs to be done to address corruption. Statistics are provided showing large expenditures and grants to Kashmir compared to low revenues and poor development outcomes. The author urges the government to take exemplary action against corrupt politicians, scrutinize financial records, improve governance and economic opportunities in Kashmir, and handle the situation with care and fairness to avoid further conflict.
Dance of democracy or descent into mockocracy
Briefly discusses the role of small parties that do not participate in elections in India but are errand boys of the larger ones in criminality like cash and drugs distribution during elections in India.
Redefining Nationalism
Briefly discusses the patently false narrative being created by the BJP to cover for its massive failures in national governance
Redefining Nationalism in India
1. The author argues that excessive nationalism propagated by politicians is often used to mask internal flaws and promote superiority over others. However, true nationalism accepts diversity and is inclusive.
2. The author notes that India's rich cultural heritage and history of national heroes is often unknown or forgotten. Many contributions to India's freedom struggle came from a diverse range of individuals across religions and social groups.
3. While India has become one of the largest economies, there remains significant hunger and poverty that true nationalism should aim to address. Crony capitalism has benefited the privileged more than addressing issues facing the masses. The rule of law and democracy are also threatened when different rules apply to different groups.
The Modi Adani nexus
Briefly outlines the benefits that have accrued to India's Adani group owing to its proximity to Prime Minister Modi.
The Congress propose Nyaya
Briefly registers my protest against the proposed implementation of NYAYA by the Indian National Congress. It opposes the very idea of unsustainable cash handouts to the indigent.
Ten takeaways from india state assembly elections 2018
1. The document provides 10 takeaways from the 2018 Indian state assembly elections. Key issues included voters rejecting both the BJP's majoritarian religious politics and the INC's weak religious appeals. Development was prioritized over allegations of corruption.
2. Voters rejected negative campaigning and were not swayed by promises or incentives but cared most about issues like jobs, farm loans, prices, and wages. Narrow victory margins showed that politicians must deliver or face backlash.
3. Caste and religious loyalties mattered less while educated leaders were preferred. Social media was a double-edged sword that allowed debates to influence remote voters. A silent voter revolution occurred as voters rejected empty promises and arrogance.
Telecom Revolution, Governnace and Elections in India
Briefly discusses the telecom and media revolutions in India. The article concludes that a large part of voting in India's next General Election in 2019 would be decided from homes and that such choices would make voters much more conscious of seeking accountability of their elected representatives.
Civil Service Reform in India
Briefly discusses the proposal to laterally induct officers from outside government of India as Joint Secretary. The article analyses the debate and concludes that such lateral recruitments ignore the reality of a crying need for reform of India's colonial civil service
India General Election 2019 via Internet and wireless devices
Briefly analyses the spread of telecom and visual media in India since the last general election in 2019. This article analyses thespread and then relates it to the general election 2019 in India. It concludes that this election could well be fought from home and on hands than in public rallies. This revolution would also probably usher in a whole new paradigm of real time accountability in governance and cause politicians to be responsive to their electors.
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