ECONOMY

who-is-to-be-blamed-

Who is to be blamed?

It might appear bizarre at the first instance but senior advocate Harish Salve blamed the Supreme Court for India’s current economic downturn. To him the genesis lies in SC’s verdict on 2G Spectrum Case in which it knocked down all 122 spectrum licenses issued to telecom operators. He underlines that when a foreigner invested billions of dollars, it was the country’s rule which said he must have an Indian partner. The foreigner did not know how the Indian partner got the licence. Blanket cancellation of licences marred foreign investors’ confidence in the system. “That’s when the decline of the economy began,” says Salve.

 

Following CAG revelation in 2010 that 2G scam caused a loss of Rs 01.76 lakh crore to the govt exchequer. The SC had then cancelled 122 licences in February 2012, rejecting Salve’s argument who appeared for 11 telecom companies in the case.

 

Recently, Finance Minister had underlined that people preferring Ola and Uber, among other reasons including less appetite for vehicle loan and future of electric mobility, was responsible for slowdown in automobile sector. Later she infused 70,000 cr package to boost economy.

 

17 Sep 2019
did-jairam-ramesh-hit-the-bulls-eye

Did Jairam Ramesh hit the Bulls Eye?

The BJP might have earned applaud from all across sans handful opposition leaders over abrogation of Article 370 & 35A, but current economic slowdown with GDP @ 5 % appears to be the point on which opposition can take on BJP.


Taking a cue, Jairam Ramesh took a lead in social media when he tweeted that “Ever know what NITI in Niti Ayog stands for? It’s clearly Not In Touch With India”.

 

In a select gathering of retired bureaucrats, his pot-shot at NITI Aayog had become the center of discussion. A former Secretary of a key department observed that when the opposition leaders are clueless over how to make their criticism correct, sharp and acceptable to the masses, Ramesh’s Tweet seems to have hit bulls eye as it was well received in social media. Another retired civil servant observed that most of the opposition leaders have lost their credibility whereas a few still remain acceptable and authentic in public. So it was his clean image and not sharpness of his Tweet that made it effective.

09 Sep 2019
who-is-to-be-blamed-

Who is to be blamed?

By IndianMandarins 17 Sep 2019

It might appear bizarre at the first instance but senior advocate Harish Salve blamed the Supreme Court for India’s current economic downturn. To him the genesis lies in SC’s verdict on 2G Spectrum Case in which it knocked down all 122 spectrum licenses issued to telecom operators. He underlines that when a foreigner invested billions of dollars, it was the country’s rule which said he must have an Indian partner. The foreigner did not know how the Indian partner got the licence. Blanket cancellation of licences marred foreign investors’ confidence in the system. “That’s when the decline of the economy began,” says Salve.

 

Following CAG revelation in 2010 that 2G scam caused a loss of Rs 01.76 lakh crore to the govt exchequer. The SC had then cancelled 122 licences in February 2012, rejecting Salve’s argument who appeared for 11 telecom companies in the case.

 

Recently, Finance Minister had underlined that people preferring Ola and Uber, among other reasons including less appetite for vehicle loan and future of electric mobility, was responsible for slowdown in automobile sector. Later she infused 70,000 cr package to boost economy.

 

did-jairam-ramesh-hit-the-bulls-eye

Did Jairam Ramesh hit the Bulls Eye?

By IndianMandarins 09 Sep 2019

The BJP might have earned applaud from all across sans handful opposition leaders over abrogation of Article 370 & 35A, but current economic slowdown with GDP @ 5 % appears to be the point on which opposition can take on BJP.


Taking a cue, Jairam Ramesh took a lead in social media when he tweeted that “Ever know what NITI in Niti Ayog stands for? It’s clearly Not In Touch With India”.

 

In a select gathering of retired bureaucrats, his pot-shot at NITI Aayog had become the center of discussion. A former Secretary of a key department observed that when the opposition leaders are clueless over how to make their criticism correct, sharp and acceptable to the masses, Ramesh’s Tweet seems to have hit bulls eye as it was well received in social media. Another retired civil servant observed that most of the opposition leaders have lost their credibility whereas a few still remain acceptable and authentic in public. So it was his clean image and not sharpness of his Tweet that made it effective.

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