Friday, March 29, 2024

News Destination For The Global Indian Community

News Destination For The Global Indian Community

EDITORIAL
LifeMag
GST will test Modi Govt’s apparatus to maximum

GST will test Modi Govt’s apparatus to maximum

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 the economy and the volatile situation in Kashmir. Besides, demonetisation is looking to be a move that the government could have avoided and GST implementation will test its apparatus to the maximum. It is agreed that PM Modi must have taken 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 the 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's government in 1991 with success. With economic liberalisation, banks in India played a 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 sharing 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 an in-depth study of NPA.

The surprise selection of President-elect Ram Nath Kovind by team Modi Shah has stumped many critics including within the BJP party and opposition leaders across the country. Ram Nath Kovind is having a clean record and he is a 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 the entire Hindu population together by erasing the caste divide, this is the principal reason for Ram Nath Kovind's selection. Surely it can be termed as the masterstroke prior to the 2019 general elections.

Indian PM Modi’s recent visit to the USA and the new US President Donald Trump power tested the leadership skills of a respective leader in guiding the bilateral and multilateral geopolitical landscape of Asia. China is a global emerging power, it is challenging the might of the USA and surely American policymakers 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. Counterterrorism operations and intelligence sharing would fall in this area. Additionally, Trump’s best option to counter China both in Af-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 for India’s concerns. Thus on the surface, it was a meeting between the two leaders that 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 Modi’s government, and 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 way.

—Prashant Tewari, Editor-in-Chief

GST will test Modi Govt’s apparatus to maximum

GST will test Modi Govt’s apparatus to maximum

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 the economy and the volatile situation in Kashmir. Besides, demonetisation is looking to be a move that the government could have avoided and GST implementation will test its apparatus to the maximum. It is agreed that PM Modi must have taken 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 the 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's government in 1991 with success. With economic liberalisation, banks in India played a 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 sharing 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 an in-depth study of NPA.

The surprise selection of President-elect Ram Nath Kovind by team Modi Shah has stumped many critics including within the BJP party and opposition leaders across the country. Ram Nath Kovind is having a clean record and he is a 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 the entire Hindu population together by erasing the caste divide, this is the principal reason for Ram Nath Kovind's selection. Surely it can be termed as the masterstroke prior to the 2019 general elections.

Indian PM Modi’s recent visit to the USA and the new US President Donald Trump power tested the leadership skills of a respective leader in guiding the bilateral and multilateral geopolitical landscape of Asia. China is a global emerging power, it is challenging the might of the USA and surely American policymakers 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. Counterterrorism operations and intelligence sharing would fall in this area. Additionally, Trump’s best option to counter China both in Af-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 for India’s concerns. Thus on the surface, it was a meeting between the two leaders that 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 Modi’s government, and 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 way.

—Prashant Tewari, Editor-in-Chief

Leave a comment

Comments (0)

Related Articles

Opinion Express TV

Shapoorji Pallonji

SUNGROW

GOVNEXT INDIA FOUNDATION

CAMBIUM NETWORKS TECHNOLOGY

Opinion Express Magazine