Showing posts with label BSP. Show all posts
Showing posts with label BSP. Show all posts

Friday, July 26, 2019

BJP breaks Opposition parties in Rajya Sabha, Gains Majority to get RTI amendment bill passed

by Harish Gupta, National Editor, Lokmat Group


BJP breaks Opposition parties in Rajya Sabha, 
Gains Majority to get RTI amendment bill passed



Harish Gupta



New Delhi, July 25






The BJP has done it in Rajya Sabha what was unthinkable until the other day. The BJP and the NDA have the support of 102 members in a House of 240 members and the Opposition had 138 MPs on its side. But it created history when it secured the support of 117 votes and the contentious Right to Information (Amendment) Bill was passed.
Interestingly, the Congress and some of the Opposition parties walked out of the house realising that they would lose the vote. However, they took the plea that some of the ruling party members were trying to influence members when the voting was going on.
The support of 117 showed that the government is now comfortable in the Rajya Sabha too.
Though the Congress successfully mustered the support of TMC, NCP, SP, BSP, Left parties and others. But the BJP succeeded in persuading non-allies like the AIADMK, YSR Congress and even the TRS to support the Bill. Congress leaders Jairam Ramesh conceded defeat while making his intervention during the debate saying, “I am aware that telephone calls were made to the state Capitals to muster a majority”. The YSR Congress has two MPs. It si learnt that the two MPs of the PDP and lone MP of the JD-S preferred to remain absent at the time of voting. Surprisingly, even two member TDP also was soft when its leader spoke in the Rajya Sabha.
The Janata Dal (U) which had categoricallystated its opposition to the Triple Talaq Bill, decided to vote in favour of the amendment.
Another ineresting fact also emerged that except for the BJP and its allies parties, no other Opposition party except the Congress issued a whip to its members to attend the House when voting takes place. It is largely because of this very reason that fewer number of members were present in the house when the voting took place.



The TRS wanted an assurance from the government that it would maintain the independence of the Information Commission which was galdly given by Minister of State in the PMO Dr Jitendra Singh.



Ends

Wednesday, July 17, 2019

BJP desperate to muster majority in Rajya Sabha

by Harish Gupta, National Editor, Lokmat Group

Special report
BJP desperate to muster majority in Rajya Sabha
Opposition gets a taste of new kind of “Defections”

Harish Gupta




New Delhi, July 16

The Opposition parties are being dealt a body blow by the ruling BJP in Rajya Sabha which is way behind the majority mark in a house of 245 members. The BJP has reached the figure of 78 and will have to wait until 2022 to get a majority on its own. But BJP president and Union Home Minister Amit Shah is in no mood to wait for so long to get the crucial bills passed. It invented a new method to muster a majority in no time never heard of in parliamentary history so far.

While the defection of 4 of the six TDP MPs to the BJP took place last week, one MP of the Samajwadi Party, Neeraj Shekhar, resigned his seat. Shekhar joined the BJP after his resignation was accepted by the Rajya Sabha chairman yesterday itself. Now the BJP will bring him back to the Rajya Sabha on its ticket from UP where it has 325 MLAs in a house of 403. The Election Commission will issue the notification of byelection anytime next week. It now transpires that two more members of parliament belonging to the SP and BSP will quit in batches so that separate byelection is held for their seats. Since these MPs are due to retire in November 2020, the BJP has conveyed to them that it will re-nominate them and also consider giving them tickets in future for the Assembly polls due in 2022. Similarly, efforts are on to persuade some of the Opposition MPs in UP, Assam, Bihar, Maharashtra and in other states to quit their parties and join the BJP. They will be renominated after joining the BJP making the task easier for the party to get the legislations passed.
Prime Minister Narendra Modi's statement today that the parliament's Monsoon session could be extended is an indication that huge agenda is waiting to be cleared and political management is at works. The BJP wants to cross the 100 seats mark this year itself so that there is no difficulty in getting the legislations passed opposed by the Congress.
Of course, the BJP has obtained a working majority in the Upper House as its allies & supporters account for 24-members including three nominated and four Independents. The 13 member AIADMK is also part of extended NDA family taking the tally to 115 in a house of 240 as it has five vacancies. The 7-member Biju Janata Dal (BJD) is also supporting the BJP in Rajya Dsabha. The BJP is also banking on the outside support of YSR Congress (2) in crucial times. Thus it has 124 MPs on its side. Once the JD (S)-Congress government falls in Karnataka, the lone JD(S) MP will switch side in Rajya Sabha too.
But the BJP wants to reach the comfortable mark on its own and won't mind implementing new techniques.
Ends

Thursday, August 2, 2018

Pawar throws Maharashtra bait to Mayawati

by Harish Gupta, National Editor, Lokmat Group


Exclusive report 

Pawar throws Maharashtra bait to Mayawati

Wants her to be Dalit face in the state

Harish Gupta

New Delhi, July 31

A new political script is being written in Maharashtra by NCP president Sharad Pawar and if it goes as per plans, Bahujan Samaj Party supremo Mayawati will play a crucial role in the months to come in the state.

The possibilities of Sharad Pawar and Mayawati holding their first joint rally in the Vidharbha region are being explored. The broad contours of this proposal were discussed between Sharad Pawar and Mayawati when the two met last week here. In fact, Sharad Pawar took an unusual step when he decided to drive down to the Gurudwara Rakabganj office of Bahujan Samaj Party to meet Mayawati. Details of this 60-minute meeting are now surfacing slowly and Sharad Pawar is keen to mobilise the Dalits in Maharashtra in a big way.

The NCP supremo is of the considered view that the Republican Party of India has split into various factions and have lost their credibility with the voters in the state. Another prominent Dalit leader Prakash Ambedkar is unwilling to join the Congress-NCP alliance in the state, though efforts were made by the NCP leadership in this regard. Though his own base has dwindled considerably, he is still a respectable face. But his unwillingness forced Sharad Pawar to look for alternatives.

It was in this context that Sharad Pawar decided to talk to Mayawati if she was keen to play a major role by joining the mega alliance of the NCP and Congress. Mayawati's BSP has strong pockets of influence in the Vidharbha region and other areas too. This major vote bank can be channelized if Mayawati is introduced as part of the alliance and give a major fillip to the anti-BJP vote bank. The consolidation of Dalits would be possible as Mayawati is emerging as their national face.

It is not clear whether Sharad Pawar discussed the new role of Mayawati in Maharashtra with the Congress or not. But Rahul Gandhi had held three rounds of talks with Sharad Pawar and discussed alliances across the country. On all the occasions, Rahul Gandhi drove down to the residence of Sharad Pawar. But when it came to Mayawati, the Maratha leader chose to visit her and wants her to seal alliances early. Pawar's bait to Mayawati to play a crucial role in Maharashtra is tempting as Mayawati is working hard to expand her base outside UP. Pawar was not available for comments and Mayawati is always elusive.

Ends

Saturday, July 28, 2018

Fly on the Wall : The “hug” was no fluke, Rahul scripted it

by Harish Gupta, National Editor, Lokmat Group


The “hug” was no fluke, Rahul scripted it

Ever since Rahul Gandhi took over as Congress president, he is learning the ropes, rather fast. If he took the party and political observers completely by surprise by dropping big guns from the Congress Working Committee last week, he also sent out a clear signal that generational shift has come here to stay. Then came his “hug and wink” storm in the Lok Sabha during the debate on the No-Confidence motion. The debate on the No-Confidence Motion has been relegated into the background while “Hug & wink” continues to make columnists burning their mid-night oil. To top it all, Rahul Gandhi himself is sending out contradictory signals over the “hug & wink” events. He told NDTV the same day that the 'Hug” was a spontaneous decision as he had sat down after finishing his speech and later got up and moved over to Modi. The Wink was also impromptu. But when he met women journalists on Tuesday over high-tea at the India International Center (IIC), he told them that he was thinking about it for the past some time. Rahul didn't disclose further. But sources close to him said that Rahul Gandhi gave considerable thought to his “hug” plan. These sources also say that the inner core group of the party comprising of Sonia-Rahul & Priyanka did discuss the consequences of such an initiative. Sonia Gandhi was slightly worried that it may not be parliamentary protocol. But Priyanka Gandhi said Modi has broken every parliamentary protocol by not allowing a no-confidence motion (NCM) during the Budget session. The NCM is Opposition's birth right. But even that was over-ruled. Therefore, there is nothing wrong in the hug. Thus Rahul's thinking was converted into action on Friday. In fact, Rahul Gandhi's speech was so good that he was overwhelmed and sat down. Suddenly he realised that he had forgotten the planned “hug”. He got up again to the surprise of the Speaker and others and started speaking for less than a minute. Instead of taking his seat, he moved over Modi, hugged him and gave the PM his first shock. The headlines next day was the rare Hug and not the motion.

Rahul’s PM card

Ever since “sources” in the Congress Working Committee said to the media after the mega event that Rahul Gandhi would be party’s prime ministerial face, all hell broke. Until the CWC, Rahul Gandhi was sending clear signals that his aim for 2019 is to defeat Modi and not become PM himself. It was almost year and a half ago when he said in an informal chat with the a select group of journalists, myself included, that he is willing to wait until 2024 or beyond, but Modi must go in 2019. The sourced report did the damage as Mayawati, Mamata Banerjee, Sharad Pawar etc became unhappy. This was also contrary to what Rahul Gandhi had discussed with Sharad Pawar during his three long interactions. But he undid the damage  on Tuesday when he told women journalists that anyone, Mamata or Maya, could be PM. The Congress will support any "non-RSS-backed Prime Minister" in 2019  Rahul said and added the priority was to defeat the BJP and end the climate of fear that has entered "our homes". Asked if the Congress was open to a woman Prime Minister, he said that anyone not backed by the RSS was acceptable. With Congress’ U-turn on the PM’s issue, the hearts of contenders are gladdened.

Mamata wooing Congress for tie-up

It is now clearly emerging that Congress will enter into some-sort of alliance with the Bahujan Samaj Party (BSP) and the TMC in the ensuing Lok Sabha polls. While the CPM general secretary, Sitaram Yechury was keen to tie up with the Congress in West Bengal, things are not working out. One of the reasons is that Congress and the Left are arch rivals in Kerala. Congress strategists have also advised Rahul Gandhi that the Left parties, in any case, will support any combination of like-minded parties from outside. Therefore, let the Left parties go alone in West Bengal, Kerala and Tripura. It has some claim over 3-4 seats in other states which may be considered sympathetically later. But the Congress should go with Mamata Banerjee during the 2019 Lok Sabha polls. The Congress has a legitimate claim over 7-8 seats in West Bengal out of 42 seats. But the TMC is willing to concede 5-6 seats with the argument that the strike rate of this combination will be very high. The TMC-Congress can combine is capable of winning 39 Lok Sabha seats as most of the cadre of the Left parties has either the BJP or the TMC. The TMC had won 34 and the Congress 2 Lok Sabha seats during the 2014 Lok Sabha polls and both had contested separately. The BJP is targeting to win 21 seats in West Bengal on the back of anti-incumbency of Mamata, cow vigilantism, Hindu sentiments and Modi wave. Mamata is keen to join hands with the Congress too hoping to overcome this anti-incumbency and emerge as Consensus Prime Ministerial candidate.

The UP Seat-sharing formula

The SP-BSP have evolved a seat-sharing formula in UP and conveyed the same Congress & RLD. The formula is that  whosoever won or came second in the state during the 2014 Lok Sabha polls, will get the those seats. As per this formula, the Congress can get 7seats while the RLD of Ajit Singh can stake a claim on two seats. The remaining seats will go to the SP-BSP. Now the young leadership surrounding Rahul Gandhi comprising of RPN Singh, Jitin Prasad and others want the party to be realistic and settle for 10 seats. On Tuesday, BSP leader Mayawati said she would join the Opposition alliance only if it gets a "respectable number of seats" to contest in Madhya Pradesh, Chhattisgarh and Rajasthan elections and also in the Lok Sabha. Obviously, the BSP wants pie in other states before conceding even 10 seats to Congress. Hence, Rahul’s PM card.

Jayant Advani to contest from Gandhinagar ?

Jayant Advani, the only son of veteran BJP leader L K Advani had a long meeting with the Prime Minister last month. It so happened that when he was in his factory in NOIDA, his mobile rang and the PM was on the line. Jayant Advani met the PM and later Modi called on L K Advani along with party chief Amit Shah. The purpose of the visit was to understand if L K Advani would like to contest again in 2019 from his traditional Gandhinagar Lok Sabha seat or make room for someone of his choice. The BJP leadership is keen to explore all these contentious seats and in the process of deciding whether seniors above 75 years of age be repeated or their kith and kin be accommodated. While Modi is reported to have kept quiet, Amit Shah broached the subject if the octogenarian leader would like to contest. Advani heard them but reported to have said nothing.

Tuesday, June 5, 2018

Rahul's "One seat One candidate" plan to counter Modi

by Harish Gupta, National Editor, Lokmat Group

Count down 2019

Rahul's "One seat One candidate" plan to counter Modi

403 LS seats identified in 15 states for Opposition alliance

Harish Gupta

New Delhi, June 4

As part of Rahul Gandhi's ambitious “One seat One candidate” mission, the Congress president's war room has identified 403 Lok sabha seat in 15 states where it may enter into alliance or understanding with like-minded parties.

Rahul Gandhi is willing to make any sacrifice and walk an extra mile to dislodge the BJP during the Lok Sabha 2019. If he is wooing adversaries, he is keen to bring all ex-Congressmen back into the fold to gear up for Mission-2019. He personally made a phone call to Ajit Jogi's wife to inquire about her husband's health. Jogi has floated a regional party in Chhattisgarh and has been ensuring Congress's defeat for ten years. Simultaneously, he is exploring the possibility of entering into an pan-India alliance with the BSP in states like Rajasthan, Madhya Pradesh, Chhattisgarh etc. Obviously, Rahul Gandhi wants enough number of LS seats for the party in UP and willing to concede seats in Congress-dominated states. Rahul Gandhi is not averse to concede space to others in Punjab, Haryana and even Delhi to the BSP. He told the local leadership to come out with a detailed plan to counter the Modi juggernaut in 2019.

Same goes with AUDF in Assam and even NCP may get a few seats in Gujrat outside Maharashtra as part of this mission. Efforts are on to rope in the Abdullahs in Jammu & kashmir who had deserted the Congress. The Congress is already in alliance with Bihar, Kerala, Maharashtra, Tamil Nadu and Jharkhand. The talks are on in UP where SP-BSP-RLD have come together. The Congress burnt its fingers in two byelections- first in Phulpur where it unnecessarily put up a candidate and lost the deposit and secondly, lost Palghar seat in Maharashtra and faced humiliating defeat.

But it was Rahul Gandhi who personally clinched the Karnataka alliance and gave the prime position to Janata Dal (S) with the objective to win majority of 28 Lok Sabha seats. The BJP had won 17 seats in 2014 while JD-S won 2 and nine by Congress. Rahul hopes to reap the harvest in Karnataka during LS polls.

Incidentally, Rahul Gandhi did in Karnataka what his late grand mother Indira Gandhi did tway back in 1978 when she installed Charan Singh as PM though he had no majority. Surprisingly, it was Kamal Nath who was behind the whole operation in 1978 which was executed at the behest of Sanjay Gandhi. Now same Kamal Nath wants alliance with the BSP outside UP.

It is, however, not clear as to how many seats Congress will contest out of these 403 Lok Sabha seats in 15 states as seats are being identified. Rahul Gandhi is yet to resolve tricky issues on remaining 140 Lok Sabha seats in Andhra Pradesh (25), Telangana (17), West Bengal (42), Odisha (21) and Delhi (7) etc.

Ends

Wednesday, March 15, 2017

Parlt panel to probe EVM tampering in Maha civil polls

by Harish Gupta, National Editor, Lokmat Group


Parlt panel to probe EVM tampering in Maha civil polls

Exclusive 

Complaints from Pune Nashik, Dhule

Harish Gupta
New Delhi, March 14

The Parliament's Standing committee of Home & Personnel has decided to look into the complaints of EVM tampering during Maharashtra Zilla Parishad and Municipal Committee elections. It is pertinent to mention that earlier the Election Commission had dismissed the petition of Bahujan Samaj Party (BSP) chief Mayawati's allegations of EVM tampering in recently held Assembly polls including Uttar Pradesh where Mayawati had made serious allegation of EVM tampering in the recently held Maharashtra Zilla Parishad and Municipal Committee elections.

In an exclusive chat with Lokmat on Tuesday the chairman of Parliament's Standing Committee of Home Affairs, Anand Sharma said, "The committee has received compliants from various cities & districts of Maharashtra giving evidence of tampering of EVM machines."

When ask to elaborate, Sharma said, "We haveWe have received complaints from Pune, Nashik, Dhule and other places of EVM tampering. One candidate alleged that he and his 28 family members cast their votes in the Zila Parishad polls. But the EVM showed zero votes in his favour.” Sharma said that the committee is now seized o these complaints and information is being verified. The Election Commission officials are in touch with the Committee officials and we are going to look into it.”

The standing committee will also look into the Supreme Court order which had said that paper trail must be kept he said. Previously, Mayawati had dismissed the Uttar Pradesh assembly election results and called for fresh polls after BSP's crushing defeat. Mayawati also accused the BJP of murdering democracy saying, "Either the EVMs did not accept votes other than the BJP, or the votes of other parties have gone to BJP through these EVMs."

However the standing committee probing the EVM tampering allegations in itself is set to give a new dimension to the whole issue. The standing commission would also summon electronic engineers, suppliers and experts to look into the matter.



Wednesday, September 21, 2016

UP: Odds favour BJP?

by Harish Gupta, National Editor, Lokmat Group


Election to the 403-member Uttar Pradesh assembly is months away but its prelude is on. If Congress vice president Rahul Gandhi's on-going "Khat Pe Charcha" in the state giving him confidence to comment, "we are winning", the ruling Samajwadi Party is struggling to overcome biggest ever feud in the Yadav clan. The drama has considerably eroded whatever chief minister, Akhilesh Singh Yadav, had earned through his massive campaign. 

Akhilesh actually began canvassing several months ago, when the cash-strapped state government began to shower advertisements on newspapers and television channels blustering its achievements. The public spat between Chacha-Bhatija (uncle Shivpal Yadav and nephew Akhilesh Yadav) has shaken the very foundation of the 54 month old SP government. For BSP's Mayawati, the moment of action arrived apparently by accident, with scenes of bare-bodied Dalit cow-skinners being welted by supposed 'cow protectors' going viral on social media. Since then, on the question of who could be the best bet for the Uttar Pradesh sweepstakes, public attention is re-directed to Mayawati, the state's previous chief minister. And of course BJP is the looming omnipresence; only two years back, in the Lok Sabha elections, it captured 71 of the 80 seats and 42.30 per cent votes. 


But the 2014 parliamentary poll is different. At that time an atmosphere was created in which the nation thought it got itself in the vortex of a terrible economic and moral crisis, and Narendra Modi was projected as the saviour. The billion-rupee BJP campaign hit the country in 2014 like a thunderstorm that has blown away to a large extent. 

But has it? Or could it be that, in the state's vast caste cauldron, some changes that were simmering long since did reach the boiling point during the LS election? 

Before brushing aside BJP's 2014 victory in the state as purely one-off, it is necessary to consider the extent of Hindu polarization it witnessed. According to a BJP internal analysis, between 2009 and 2014, in Uttar Pradesh, BJP increased its vote-share percentage among various Hindu caste groups in the following order: Brahmin-57 to 72; Thakur-49 to 79; Yadav-6 to 27; Kurmi-26 to 56; Jat-21 to 81; Other OBC-20 to 60; Jatav-2 to 23; Other Dalit-8 to 60. 

It is clear that BJP was hugely successful in stitching up a common umbrella for all Hindus, not just for the upper caste, though its grip on Brahmins and, in particular, Thakurs, much strengthened. But what is nothing short of startling is the phenomenal rise in BJP's acceptability among Dalits and OBCs. From within Jatav, Mayawati's own Dalit sub-caste, support to Modi and BJP grew over 11 times in five years. Looks like a miracle, yet it has a background. 

After Independence, the dalit-upper caste antipathy raged so high that the former saw its destiny with Muslims rather than the Hindu community. "Jatav Muslim bhai bhai, Hindu kaum kahan se ayee?" This was the dalit clarion call in the post-Ambedkar years and it remained so for decades. Bharatiya Jan Sangh, the Hindutva party in its earlier avatar, saw this wall standing ahead but had no clue how to scale it. 

It began changing in the 80's, with RSS under the late Balasaheb Deoras holding all-caste dharma sabha across the state, and the Ramayan tele-serial helping forge a psycho-social sense of togetherness between upper caste and Dalit/OBC. However, it was not BJP but Mayawati who reaped the benefit of Dalits readying themselves to intermingle with others. In the 90's, she gave her BSP party, with elephant as its poll symbol, such memorable slogans like: Pandit shankh bajayega, Haathi badhta jayega. Her campaigns were a glorious exercise in what sociologist M. N. Srinivas called "Sanskritization". The 2007 Brahmin-Jatav alliance brought her to power. 

The magic failed in 2012 due to BSP losing the Brahmin support, and, with that, OBC and other social groups lost confidence in Mayawati. In Uttar Pradesh, Dalits including Jatav are 21 per cent of the population. As upper castes drifted to BJP, even Mayawati's Dalit constituency became wobbly. Or else it is difficult to explain her miserable performance in 2014 Lok Sabha poll in which she could not win a single seat. Besides, no caste is frozen in a static social frame. The state has 2.5 crore first-time voters. In every constituency, there are around 90,000 voters under-30. Rather than looking at life through the prism of caste, younger voters generally look for aspirational figures. In 2009, Rahul Gandhi was an aspirational icon. In 2012, Akhilesh Yadav was aspirational. So was Modi in 2014. And that causes cross-osmosis of voters across caste and community lines. 

In the run-up to the 2017 Assembly election which is very vital for the BJP for various reasons, Akhilesh's SP is not only weighed down with incumbency. Even its loyal followers, Yadav and Muslim, are baffled. As 2014 poll showed, even Yadavs leaned towards BJP. And Muslims are none too sure about the SP- SP-BJP secret ties. Moreover, there is very little in either SP or BSP that attracts the imagination of new voters. SP is perceived as backseat-driven by a bunch of old patriarchal fogeys, with Akhilesh as its deceptively smiling face. And BSP has lost its mojo after the upper-caste desertion. It stands lifeless, like Mayawati’s stone elephants. 

It is arguable that BJP too has lost its aspirational fervour. And, after its debacle inBihar, it has proved vulnerable, which is a major negative for getting support of fence-sitters. It may have succeeded in the North East and Assam. But it is facing waterloo in Goa and Punjab. Even in Uttrakhand, the BJP has internal problems. Therefore, Amit Shah has entrusted Goa to Nitin Gadkari and put his eggs in UP’s basket. Secondly, Modi still rules at the Centre, a fact that carries weight in the thinking process of ordinary voters, particularly in rural areas. Surveys have shown Modi’s own ratings are intact though party is unable to create leadership in states. If it failed in Bihar, it was because of strong leader. The same problem exist in UP too. The polarizing agenda being pursued by some of its wings may help in consolidating its upper caste vote bank. BJP may have the edge. But election in the state is still a far cry. 

In the run-up to the 2017 Assembly election which is very vital for the BJP for various reasons, Akhilesh's SP is not only weighed down with incumbency. Even its loyal followers, Yadav and Muslim, are baffled. As 2014 poll showed, even Yadavs leaned towards BJP.




Monday, April 18, 2016

ACHHE DIN NOT TOO FAR

by Harish Gupta, National Editor, Lokmat Group



In May 2014, Narendra Modi, on assuming power as India's Prime Minister, seemed an epitome of strength in stark contrast to UPA in its last leg. But it took only a few months to find the Modi administration's Achilles Heel—its deficit in numbers in the 245-member Rajya Sabha. Pitted against an opposition determined to crush Modi's reputation as a human dynamo, if not his credibility, the government had to sit out as scores of its bills got stalled in the upper house. The government was crippled and the opposition thought it had won.

 However, the Congress' fencing in the Rajya Sabha is showing gaps that may soon be wide enough for Modi to ride through. Come August 1, when biennial elections fall due to 56 seats across 15 states, and seven more nominated members are replaced by 'eminent' personalities chosen by the present dispensation, the NDA/UPA difference will be greatly neutralised. But the real change lies in the growing pull of BJP among large regional players, like TMC in West Bengal, BJD in Odisha and, significantly, both SP and BSP in Uttar Pradesh.

But the number game in Rajya Sabha has only begun. In Andhra Pradesh, one has to watch if TDP gifts an assured seat to BJP minister Nirmala Sitaraman or INLD offers an olive branch in Haryana. And how many seats are gained by BJP's 'frenemies', like SP, YSR Congress and TRS is yet to be seen. And AIADMK, always a supporter of Modi except on the GST Bill, may get even closer to him if it is returned to power in the state for another term. No doubt it is Modi's skill as a player on India's vast political chequerboard that has begun to reap dividends. 

But he is lucky not only on the political front. The met department's forecast of 106 per cent of July-September "long period average" rainfall, after two years of below-average showers, has given a boost to demand which is so overwhelming that it kicked off a week-long stock market rally. Perhaps, rain Gods are also smiling at Modi after two years of drought. The Index of Industrial Production has registered a two per cent rise in February after months of contraction. Of course this rate of growth is midget sized compared to the 6 per cent that India has clocked on an average in the past ten years. But it is the first green shoot after a long drought. It synchronises with yet another happy tiding, that of the consumer price index rising only 4.8 per cent in March from over 5 per cent. Significantly, this drop in retail inflation is due to moderation in food prices, a key factor that can put more disposable income in the hands of the rural population. Besides, it signals the prospect of agriculture turning the corner at last, after a minimal growth of 1.1 per cent in 2015-16 and generally lackadaisical performance in the past. Tied to that is the destiny of half the country's population engaged in agriculture, a sector that contributes only 15 per cent to GDP.

Optimism about India under Modi is not limited to his loyalists and RSS bhakts in the country. It is shared by some of the world's largest Private Equity funds who specialise in the art of investing in businesses that has the prospect to grow in the future, often on a 10-year horizon. Carlyle, the world's second largest PE fund, in a note circulated by its director of research, has noted: "The most optimistic forecast for 2016 GDP growth in China (7%) matches the most pessimistic for India". It quotes IMF data to put India's expected returns on incremental capital (a single unit of capital newly deployed) between 2016 and 2020 at 24.7 per cent. It is twice that of the global figure and 1.7 times of the Emerging Markets. Be it power, railways, roads, airports and ports, the signposts of future growth, India has come a long way in the past two years.

Under Modi, India's politics is moving away from its traditional populist mould. Earlier, Congress was identified with its populist programmes—be it MGNREGA, PDS or doles. The real gains from them remained doubtful due to lack of strict monitoring mechanism and corruption. But Modi, the pragmatic leader, is doggedly pursuing Jan Dhan Yojana, Mudra and Aadhar, projects that bring welfare within the scope of audit. Only future can tell how much of wasteful expenditure Modi's fiscal filters are going to save. He is painted as hardhearted but that did not deter him, or his colleague, Maharashtra chief minister Devendra Fadnavis, to send wagons of drinking water to parched Latur. Modi may have failed to keep his election promise of bringing black money hoarded abroad back to the country. But his government is taking plenty of measures to raise the cost of tax evasion within the country. He is determined to regulate the sectors that shelters black money, such as property, jewellery, natural resources etc.

 He took the bold decision to allow 100% FDI in e-commerce companies thereby eliminating circulation of black money in retail and wholesale trade. He may have been opposed to some of the UPA’s schemes as Gujrat Chief Minister. But he is a fast learner. Once he realises the gains of a scheme, he doggedly pursues it. The way he is going after domestic black money and didn’t yield an inch is an indication of his well crafted strategy. He knows that he is creating an army of Modi-haters. But he had an inkling that the wheel of economy will surely turn. With RBI Governor Raghuram Rajan showering praises on him, the ACHHE DIN are not too far. Narendra Modi is not a hasty reformer. But nor was Deng Xiaobing, the maker of modern China, who said it is a good policy “to cross the river by feeling the stones”
(The author is National Editor, Lokmat group)









Monday, November 2, 1998

Courting trouble

Learning no lessons from the past, Congress begins seat-sharing talks with BSP
Promising Handshake: Arjun Singh's talks with BSP leader Kanshi Ram brighten chances of yet another Congress-BSP alliance
Less than 15 per cent of the country's electorate will vote during the November 25 elections to four state assemblies, but for both the ruling BJP at the Centre and the main Opposition, it has the implications of a referendum.

Despite public assertions to the contrary, BJP leaders admit that the party's fortunes at the Centre would depend to a large extent on its ability to retain Delhi and Rajasthan