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NITI Aayog vs Planning Commission: Does Anyone Really Know the Difference

Couple of years ago, was have a discussion with Andhbhakt, who firmly believed that Prime Minister Modi was correcting the ills of the past, my position was vehemently opposite. During the argument, my question to this friend was, “what’s the difference between planning commission and NITI aayog.” This was rhetorical question because none of us had a clue, but the response was interesting. “This kind of hair splitting is for JNU kind of debates, not for working mortals like us.” In other words which is the standard belief among the community “Modi ji ne kiya hoga to soch samajh ke he keya hoga.” But I came to see, thanks largely to Eram Agha’s Caravan article and other public sources, that the differences are deep, structural, and troubling. The Planning Commission was born in 1950, just after the Constitution came into effect. It was the product of a consensus among leaders across party lines. President Rajendra Prasad spoke of raising living standards through structured planning...
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India’s Public Spending Boom Rings Hollow: Myth of the Multiplier

For years, Indian economists droned the same refrain — too much revenue expenditure, not enough capital expenditure. The government, they said, must stop spending on salaries and start building roads. It’s the fiscal equivalent of being told to eat more protein and less dessert. Under Narendra Modi, the state has gone on a construction binge worthy of the Mughal emperors — ₹54 trillion poured into capital expenditure in just eleven years. In the last three alone, we’ve spent over ₹11 trillion annually. Roads, railways, defence, water projects — you name it. The bulldozers haven’t rested since. So, naturally, one would expect an economic dawn — faster movement of goods, lower logistics costs, more jobs, happier people. A Keynesian dream, in other words: the government spends, demand rises, and the private sector jumps in, inspired and eager. Only, it hasn’t. The animal spirit is not just asleep; it seems comatose. Private capital expenditure — the ultimate litmus test of investo...
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Trump Roars. Modi Smiles. India Waits.

 Donald Trump is back doing what he does best — throwing tantrums in prime time and calling it policy. His latest target? India. From parading deported Indian immigrants in chains — yes, actual chains, mid-flight — to snatching credit for ending Operation Sindoor, Trump’s message is simple: “I’m the boss of Vishwaguru.” He’s slapped tariffs on Indian goods, frowned upon Russian oil imports, and hiked H1B visa fees — a direct jab at the Indian tech class. And New Delhi’s response? Silence . The kind that pretends to be strength but smells suspiciously like fear. Spin doctors call it strategic restraint . The rest of us call it waiting for Trump’s next mood swing. When Trump wished Modi on his 75th birthday or extended his velvet glove , BJP’s online cheerleaders pounced on it like a Bollywood twist — “See! Friendship restored!” — until, of course, Trump’s next tweet arrived with his usual thunder. As the American columnist Ashley Tellis politely put it, India’s “extreme discipl...
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Fleeing Billionaires: The Real Reason

R. Jagannathan in his article titled “Wooing billionaires & HNIs” published in Business Standard recently wrote that India needs “patient capital” or a booming plea for Indians and Indian Diaspora to invest in India. He asked, why do our wealthy continue to pack their Louis Vuitton luggage and say tata-bye-bye to Mother India? The answer isn’t rocket science. All it takes is a little honesty, a little introspection, and a little less finger-pointing. Take the case of Salman Khan. Eternal bachelor, permanent controversy machine. In January 2014, just before elections, there he was — flying kites with Narendra Modi in Ahmedabad. Salman smiled, called Modi a “good man,” but stopped short of endorsement. Clever man. At that time, his hit-and-run case was hanging like a noose. In 2015, BJP in power, a sessions court gave him five years in jail. By the end of that year, Bombay High Court acquitted him. Coincidence? God’s grace? Call it what you will. But Salman never converted into a...
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Invisible Machines, Visible Absurdities

Consider two small but telling news items that appeared last week on Prime Minister Modi’s Birthday, both slipping into what I like to call the “News Shadow Region.” That’s the part of the newspaper where editors quietly park stories that are true but awkward —“minimum disclosure, maximum gains.” First, Vantara —a massive animal rescue and rehabilitation centre in Gujarat spearheaded by Anant Ambani. Officially, it’s an act of compassion by the Reliance Foundation. Unofficially, it looks like a billionaire’s private zoo masquerading as Noah’s Ark. Tigers, cheetahs, giraffes, zebras, orangutans—even a mountain gorilla. They’ve got a better collection than most African reserves. Some of these animals were “rescued” from canned hunting farms. Wildlife enthusiasts will tell you a simple, grim fact: for every exotic animal that survives transport, two others die enroute. Conservation? More like shopping with casualties. The real miracle here isn’t the ark, though. It’s the judiciary....
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What Have We Learnt From Our Neighbours' Misfortunes?

History, if you care to look, is not some boring classroom lecture. It is a living, breathing reality that keeps reminding us: “Power never comes with a lifetime warranty.” But human beings—especially those who smell the intoxicating aroma of authority—refuse to believe it. Pick any date in Saddam Hussein’s bloody calendar and you’ll find a crisis hotter than the desert sun. The war against Iran bleeding Iraq dry. The financial debt mountain taller than his palaces. Israel casually bombed his nuclear toys. Kurds raising hell in the north. And later, Uncle Sam’s sanctions choking Iraq for nearly a decade. Yet Saddam’s moustache stayed upright and his statue taller than reason—until the Americans decided they’d had enough. South Africa offers another case. A system so brutally racist it shocked even its Western friends. From the sixties onwards, global opinion began to turn. Sports boycotts, diplomatic isolation. Yet apartheid, shameless and gasping, dragged on for decades until Mand...
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The Vishwaguru Who Forgot His Homework: Modi in Global History

The job of a Prime Minister is never an easy one. Some inherit a storm; others inherit calm seas with a steady wind. Jawaharlal Nehru got the raw end of the deal: a traumatised, partitioned land, millions uprooted, and the Cold War beginning to freeze the world in two hostile blocs. Lal Bahadur Shastri died a war time Prime Minister, and Indira Gandhi presided over a war-ravaged economy, staring across hostile borders at Pakistan and China while the superpowers treated India as a pawn. Morarji Desai stumbled into South Block after the Emergency, the West reeling from stagflation and his own coalition too weak to command authority. Rajiv Gandhi, with a brute majority in Parliament, was besieged by multiple insurgencies at home and a belligerent Zia-ul-Haq across the border. P.V. Narasimha Rao had to deal with the mother of all crises—the 1991 balance of payments collapse —just as the Soviet Union, India’s security blanket, disintegrated into history. Even Atal Bihari Vajpayee, who loo...
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