Modi government is in office for the past three years post historic victory in 2014 general elections, all the basic parameters of governance are looking sound except the state of economy and volatile situation in Kashmir. Besides, demonetisation is looking to be a move that government could have avoided and GST implementation will test its apparatus to maximum. It is agreed that PM Modi must have taken the bold steps to enhance the tax base in the country, the additional revenue is required to strengthen the infrastructure and social welfare scheme. India has to fight poverty and government should have requisite means to elevate millions of citizens by providing jobs and clean living conditions. Though Dr Manmohan Singh was doing the same by pushing reforms saliently; In fact the reforms were started by PV Narsimha Rao government in 1991 with success. With the economic liberalisation, banks in India played pivotal role in expanding economic development in the country. As the economy expanded and money circulation increased many folds, top government elite with select bankers promoted crony capitalism by facilitating lending to non-viable projects and siphoning off money from the company accounts to personal accounts and shared the stolen money together. NPA with Indian banks started mounting at a rapid rate and today the situation is disastrous. We have presented a full report on the state of banking in India including in depth study of NPA.
The surprise selection of President elect Ram Nath Kovind by team Modi Shah has stumped many critics including within BJP party and opposition leaders across the country. Ram Nath Kovind is having a clean record and he is Dalit leader who fought for the cause of SC/ST: Kovind, had been a crusader for the Rights and Cause of Weaker Sections of the Society especially Scheduled Castes/Scheduled Tribes/ OBC/Minority/Land Women from his student days to this day. RSS is working systematically in bringing entire Hindu population together by erasing caste divide, this is the principle reason for Ram Nath Kovind selection. Surely it can be termed as the master stroke prior to the 2019 general elections.
Indian PM Modi’s recent visit to USA and new US President Donald Trump in power tested leadership skills of respective leader in guiding bilateral and multilateral geo political landscape of Asia. China is a global emerging power, it is challenging the might of USA and surely American policy makers are conscious of this fact. Trump would be interested in promoting American interests in the region and will look forward to cooperation from India in this regard. Counter terrorism operations and intelligence sharing would fall in this area. Additionally, Trump’s best option to counter China both in Pakistan as also in the South China Sea is to use India as a bulwark against Chinese expansionism. One can expect greater intelligence sharing as well as some support to India’s concerns. Thus on the surface it was a meeting between the two leaders did not alter the status quo ante in any significant manner. One can assume that the high point of the summit – the personal meeting was inconsequential and to that extent Modi’s trip failed to deliver. But this would be a facile assumption, even unwarranted, given the emphasis by both leaders on curbing radical Islamic terrorism, mentioning safe havens afforded by Pakistan to terrorists and all but terming that country a terrorist state.
GST is the next priority for the Modi’s government, the success of the biggest tax reform since independence will determine Modi’s 2019 roadmap. With demonetization and GST, Modi is in process of creating history either ways.
– Prashant Tewari, Editor-in-Chief