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It is a rare honour to have 3 of your most controversial, unorthodox, & heretical ideas endorsed, years after you advocated them, in the same financial daily, on the same day, by 3 of the best commentators in public life.
So bear with me if I brag a bit.
1/n
So bear with me if I brag a bit.
1/n
1. T N Ninan: “Follow the money: Why parties are at pains to deny states to rivals”
https://www.business-standard.com/article/opinion/follow-the-money-why-parties-are-at-pains-to-deny-states-to-rivals-120071700957_1.html
In 2012 I wrote that following economic reforms, power of patronage, had shifted from centre to states, & this would lead to disintegration of the Congress.
https://www.business-standard.com/article/opinion/follow-the-money-why-parties-are-at-pains-to-deny-states-to-rivals-120071700957_1.html
In 2012 I wrote that following economic reforms, power of patronage, had shifted from centre to states, & this would lead to disintegration of the Congress.
Barring anonymous electoral bonds, money for favours can only be extracted in the states. More importantly, untraceable money can only be generated at the state level. Hence the intense competition to grab power in States by hook or crook. T N Ninan makes the case.
The implications of these ideas go far beyond the obvious and is one reason, RSS’ dream of dominance of all that it sees will never come true. But I didn’t foresee anonymous electoral bonds back then.
Will examine this afresh in some other thread.
Will examine this afresh in some other thread.
. @tca_tca makes the case for MSMCEs from Chinese imports through tariff structures. I have advocated this for years b/c I understand how thinly capitalised businesses can be devoured packman style by dealerships/pricing strategies. https://www.business-standard.com/article/opinion/mr-modi-s-last-chance-120071701683_1.html
I have long argued the way to protect domestic industry from unfair competition is to competitively price the Dollar in domestic markets that preserves the edge you want to give to local entrepreneurs. While UPA understood this strategy it never went full hog 2 implement it.
M/s Modi Shah & Co are clueless on this. But they were quick to recognise the dumping by China in stuff like steel, Aluminium, textiles etc and were prompt in erecting tariff walls to protect them instead adjusting the domestic price of Dollar.
MSMEs, who were ignored.
MSMEs, who were ignored.
Happy that @tca_tca has recognised the case for protection of MSMEs in addition of that of large enterprises.
I would like such protection to come from appropriate pricing of Dollars in the domestic markets rather than tariff walls. Exchange rates are less discriminatory.
I would like such protection to come from appropriate pricing of Dollars in the domestic markets rather than tariff walls. Exchange rates are less discriminatory.
