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INDUSTRIAL ECONOMIST
Cover

The new government: The philosopher king is voted back.
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Inklings

The mandate to govern with comfort: Economics and not politics was the guiding factor in the recent polls.
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Editor's Notes

The Indian Profit League..
Enter the zoozoos...
Rich mix of sports and entertainment...
A culture shock...
Education reform needs priority...
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Banking - Analysis

Bank loans to the edu-cation sector: Growing and widening devide...
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Economy

Tasks for the new government: Stimulus and controlled deficit can't go together...
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Budget

Priorities: Competent governance, not freebies
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Comment

Elections: Congress must deliver on inclusive growth
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Elections 2009

Media moulds: From the T N Seshan era, the Election Commission has ensured more orderly conduct of polling.
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Elections

AP: Stunning victory, but rocky road ahead
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Kerala: Here anti-incum- bency works to precision
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Suggestion

Banking: Renewable energy schemes through DRI loans
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Energy

Dismantle APM: Energy subsidies - mother of all corruption
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Comment

Planning: Surely you must be joking, Mr.Ahluwalia
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Report

Insurance Sector in April: Recession hits insurance...
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Macro Economics

Savings Interest Rates: Modest impact of small savings on bank deposits
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Long term savings: New pension system could be a win-win proposition
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Financial sector reforms: Look beyond divestment of bank holdings and opening of insurance
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Analysis

DLF: Problems getting graver by the day
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Airlines sharpen focus on low cost format
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Comment

Sugar: Faulty policy, no timely action, blamed for sugar price rise
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Business Briefs

Madras HC's not for TVS twin-spart technology
Sri City gets Rs.80 crore investments from Rockworth
TN power regulator hikes tariff for bio-mass and co-gen power
Labour unrest at MRF factory
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Elections: Kerala


Here anti-incumbency works to precision

Kerala’s election outcome has once again kept the state’s reputation to alternate precisely between the Left/LDF and Congress/UDF. The difference is only on the details - of the number of seats and margins.

The Fifteenth Lok Sabha election was no different. But this time, adding to the anti-incumbency factor to the LDF’s debacle in the state, the rift in the state leadership of CPM played a major role. This is something the disciplined Marxists did not face in the past, but has become a reality not only in Kerala but also in the national politics. It is probably for the first time that a vetorn Communist leader, Somnath Chatterjee, has openly criticised the party general secretary demanding his resignation for the poor performance of the left front in the national elections. This was also an election where the LDF’s ‘secular’ posture took a dent following its alliance with Madani’s PDP.

Much has been said about the outcome of Kerala’s election and the reasons that favoured the winner and those that acted against the loser. Considering the permutations and combinations of party politics adopted by the two fronts, the average citizen is left with the poor choice of trying one or the other of the two fronts election after election, signifying lack of confidence in a specific front.

The man who stole the limelight in Kerala’s election scene this time around was hardly a politician. The entry of a brilliant career diplomat, Sashi Tharoor, into Indian politics is undoubtedly the highlight of this election. The debate his entry provoked, especially among the young voters in Kerala, is visible from the number of blogs and internet discussion forums. Tharoor extensively used the internet for his campaign. During the field campaigns, he dressed himself in the Congress attire of khadi and the tri-colour shawl and conducted himself like a typical Congress candidate, including hugging babies and throwing garlands to the crowds.

Though Tharoor insists that his entry has provided him an opportunity to ‘put his feet where is mouth is,’ many were taken by surprise, firstly by his decision to enter the murky Indian politics and also his choice of the political party. Here again Tharoor has a clear answer: “I have nothing economically in common with the ideology of Left and Communist parties. Those who had followed my writing for years know that I have nothing in common with communalism that has been unfortunately encouraged by people associated with the BJP… and that basically means my aligning with the Congress Party.” It is also significant that Tharoor is seeking his entry through the ballot and not through the Rajya Sabha, a route easily chosen by elite entrants.

The quality that best suit him to be a successful politician is, of course, his record as a diplomat. It is not common to see remarkably talented, well-educated persons and skilled diplomats to be modest. The arrogance of knowledge and power is often tough to contain. Responding to a question in a television news programme of his chances to be a member of the Union ministry, Tharoor was modest: “I am in Delhi representing my constituency and serving my constituency is my duty. If the party wants me to take up any other responsibility, I will abide by the party’s wish.”

Tharoor’s high profile, vast experience of working with world leaders and on social issues, his communication skills, charisma and, above all, his proficiency in the art of diplomacy, can be of great value to Indian politics. His entry should trigger and provoke many more imaginative and talented minds to wholeheartedly embrace politics.


 
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