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An eventful week with VVIPs of Delhi Jio Beta Jio Algebra to algorithms and analytics - a maths marvel at Siruseri Silver Years of Madras Musings Plummeting profits of PSBs PSUs - Stem the rot before mergers When the setting itself becomes the protagonist More than just number crunchers... MEGA MERGERS...... JOBLESS GROWTH AND BORDER CHALLENGES.... DHO saal baad The 3 Loves of RT Research for results - A unique industry-institute collaboration India bites the BULLET NEWS SUMMARIES Multi-party contests, more freebies... FAREWELL-RBI AUTONOMY Welcome focus on Disinvestment Welcome Measures. Work for 10X Change The myth and malaise of MRP Tamil Nadu : 50 Years of Dravidian Rule TOP 15 NEWS THIS WEEK Time to Indianise reforms Dangal – Breaking all barriers Tragedy in the making Cho Ramaswamy – Multifaceted Bonanza in locked lands Why no MEGA Central investments in Dravidian Party rule? New Chennai Terminal: Next regional hub When the judiciary is hyper active… TATA STEEL MARCH Creating an innovative society Delay in Neo delivery hurts IndiGo Negative photo finish: Mauled by competition, HPF on the block Jaya Walks Into the Sunset OPS Rises Nutri grains vs staples -The dogma within! Platinum years of engineering innovation, building skills... Trail-blazing Tamil Nadu Technology revolution that’ll be disruptive... Recalling the birth of Mobile The real hero in India’s battle against black money Women can up GDP by 26 per cent! Nuggets on MGR at Brooklyn Hospital Salem steel plant faces brittle future PR Person Par Excellence Winds of change In Law WE TRUST; Everything else WE AUDIT Know the Pulse The king goes fishing while the kingdom is besieged Metro Rail in Chennai, High Expectations Union Budget 2017- It says, let’s continue life the way we live Two welcome indications on chief minister’s recovery The opportunity to grow is here. Seize it. Power Problems Powerful Problems Nissan exit shouldn’t affect ALL New steel policy: Minimum government, maximum intervention? Matchless at 70 MYSORE - INDIA'S CLEANEST CITY The war against BLACK
 
JOBLESS GROWTH AND BORDER CHALLENGES....

India's reform agenda has so far been one of largely opening up the economy for FDI. Foreign investors look for improvements in infrastructure before committing funds.  Other domestic policy measures/intentions have not impacted on growth so far. Indeed the World Bank's global index for Doing Business 2017 ranks India at 130, the lowest of the five BRICS grouping against Mr Modi's desire to raise it to 50 within a year or two. Nor the global rating agencies willing to upgrade India's credit rating at present until structural reforms (land, labour and GST)  begin to take hold. 

 

 

The Prime Minister's mantra of   maximum governance and minimum government has been severely tested in the manner of his handling the upsurge of social eruptions from time to time.  Also,  Modi may still be on a learning curve the way he has dealt with some of the foreign policy issues, notably in relations with Pakistan.  Was he as impetuous in writing off NAM, a group of developing nations, which has traditionally looked to India for guidance, as his abrupt dissolution of the Planning Commission?   Now, SAARC also looks shrunken in the  aftermath of terror attack on Uri (Kashmir)  from Pak-held part  of J and K.

 

Meanwhile, the Modi aura is sought to be spread everywhere with his mantra of development  and he campaigns gallantly in state after state for consolidation of ruling BJP's hold over the entire country.  India's ‘surgical strikes’ on terror pads in Pak-occupied Kashmir are among BJP talking points highlighting Modi leadership, especially in UP which goes to poll early in 2017. There are clear trends of the Modi government gradually moving towards greater centralisation and  efforts are on to bring states to fall in line with whatever policies and programmes New Delhi lays down - under the garb of cooperative federalism.  

 

Prime Minister Modi would like states to advance their budgets, as the Union Budget for 2017 - 18, to be presented by 1 February. This would, according to him, help in "speedier implementation of projects and programmes" being provided for. The Budget for 2017-18 being advanced would incorporate railway finances as well,making the country's largest public undertaking even less accountable than at present.

 

Irrespective of whether GST could  be operationalised on 1 April, 2017 as Finance Minister Arun Jaitley is insisting on or not,  the budgetary exercises under way assume a larger defence outlay to raise the level of modernisation of armed forces to cope with a not assuredly peaceful environment in India's neighbourhood.     

                                                                                          

A fairly good monsoon holds out prospects of farm improvement in fiscal 2017 but growth in 2017-18 may at best hit 8 per cent if there are signs of global recovery and trade flows recover from this year's less than 2 per cent in volume growth.


Overall, as 2017 opens, India faces geater challenges in stimulating growth and investments at home while Prime Minister Modi would  be called upon to navigate through geo-politically treacherous waters.  The harsh realities to be faced are not merely  with the ever-hostile Pakistan emitting belligerent noises but,even more, with our  large neighbour across the Himalayas, China, aggressively posturing for supremacy all over the Asia-Pacific region.

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