Posts

Showing posts with the label NPCI

Policy paralysis – UPA vs NDA

“Policy paralysis” of the preceding Dr Manmohan Singh led UPA government was one of the main planks of PM Modi’s election campaign in 2013-2014. The business community, middle classes, and poor, all were convinced that the UPA government suffers from a severe degree of inertia in policymaking and is therefore responsible for the poor growth of the Indian economy. It was alleged that large-scale and blatant corruption, nepotism (lack of meritocracy), and weak leadership are the primary reasons for the “policy paralysis” and poor execution. The campaign against the incumbent government was so effective that it swayed the big industrialists and SMEs which directly benefited from the government’s developmental efforts; the poor who benefited tremendously from the transformative social initiatives; and the middle classes who were protected from any potential collateral damage from the global financial crisis and events in its aftermath, against the government. In their disappointment wi...

Harbingers of Amrut Kaal

The country is celebrating Amrut Kaal - the 75 th year of independence. The government has committed to make this year a watershed year in the history of independent India. The occasion is inevitably marked by the usual political bickering between the ruling party at the center and the principal national opposition party. The incumbent BJP is projecting that the Indian National Congress, which has been at the helm for a substantial part of these 75years, is primarily responsible for slower, unequal and misdirected growth and development of the country. It is also assuring the country that the incumbent government is not only undoing the mistakes of commission and omissions committed by the earlier governments and taking impactful corrective action; but also laying the foundation for a stronger, faster, equitable and well directed growth & development of the country. The party in opposition, Indian National Congress (INC), on the other hand is refuting these claims. INC is insi...