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Showing posts from August, 2025

From the Rivers of Blood to Toyota Chariot : Why Prophets Are Best Kept Uncrowned

Not all transformative politicians are populists. Some, like Pratap Singh Kairon of Punjab, were pragmatic state-builders who resisted short-term populist temptations and thought institutionally. Kairon opposed the Punjabi Suba movement on linguistic and religious grounds, invested heavily in long-term electrification, and strengthened rural infrastructure. His fall owed more to the authoritarian style of his administration than to populism. Similarly, K. Kamaraj in Madras pioneered the mid-day meal scheme and educational expansion, embedding social policy in ways that outlived him. Internationally, Jacinda Ardern and Lee Kuan Yew exemplify leaders who did not merely ride waves of mass grievance but channelled state capacity to rebuild polities. But politics has a way of elevating not only such builders but also demagogues and provocateurs. If one studies populists across contexts, three things stand out. First, they rarely create grievances; they exploit those already fermenting b...

GST Reforms: A Cushion, Not a Cure

  Not long ago, we lost Surf’s Lalita Ji —Kavita Chaudhary—immortalised by the line, “Surf ki kharidari mein samajhdari hai.” That campaign from the 1980s celebrated intelligence in consumption—an India that sought value, where every rupee had to stretch, forcing manufacturers to sharpen their act. Compare that with today’s Swiggy Uncle , Naresh Gosain sneaking a Gulab Jamun behind his wife’s back. That ad isn’t about thrift at all—it’s about indulgence, instant gratification and premiumisation. Markets, as economists remind us, are giant information-processing machines. They respond to demand. If you take the Lalitaji-to-Swiggy arc as metaphor, our consumption has migrated from careful spend to aspirational spend. Lalitaji’s India wanted efficiency; Swiggy’s India wants convenience and small luxuries. Policy, however, is still struggling to catch up. The Union Budget this year tried to sweeten the middle class with some tax relief. The idea: give people more cash, they’ll spe...

The Crisis of Governance: Ruled, Not Served

  Recently, Amit Shah, the honourable Home Minister, while addressing a book launch, declared: “In a few years people who speak in English will feel ashamed.” This wasn’t a slip of the tongue. Shah has long shown his fondness for “One Nation, One Language” and his distaste for English. Read between the lines and the message is clear: India’s rulers want to dictate not just how we vote, but how we speak, eat, pray, and now, even how we play. Indian politicians have one hobby that beats all others: sermonising. Instead of governing—writing policy, enforcing contracts, ensuring safety—they prefer to instruct citizens. Governance becomes homily, laws become sermons. Take two excellent columns in Business Standard . Devangshu Dutta dissects India’s new Online Gaming Bill, 2025, calling it another example of politicians confusing governance with sermonising. The bill, with one sanctimonious sweep, outlaws fantasy sports, rummy, poker—any game where money is wagered in hope of winnin...

Patriotism for the Camera

https://www.telegraphindia.com/opinion/show-of-honour-the-tweak-in-indias-military-traditions-prnt/cid/2118942 Two images remain stuck in my mind—not painful, but irritating thorns you can’t quite pluck out. The first is of Colonel Santosh Babu, killed in the brutal hand-to-hand clash with Chinese troops in Galwan in 2020. He was posthumously awarded the Maha Vir Chakra, India’s second-highest gallantry honour. So far, so dignified. But at Rashtrapati Bhavan, the medal wasn’t simply handed to his widow, Santoshi Babu. No, his mother, Manjula, was pulled into the frame. The cameras swooned, godi-media cheered —“See, for the first time, both wife and mother honoured. A new age of female emancipation!” My question was, where was the father? Is his grief of lesser value in the marketplace of sorrow? Or simply inconvenient for the photo-op? Grief, too, had been scripted for the storyboard. Call me old-fashioned, even chauvinist, but found it theatrics in poor taste. The second image ra...

India's Economic Jugglery: How we fool ourselves.

 https://www.business-standard.com/opinion/columns/fiis-vs-diis-reversing-roles-in-india-s-equity-market-after-25-years-125081402018_1.html https://www.business-standard.com/economy/news/net-fdi-falls-to-40-million-in-may-2025-on-higher-outflows-125072301466_1.html Let’s stitch together three reports and an opinion piece from Business Standard all recent—and read the tea leaves. In 1992, foreign institutional investors (FIIs) dipped their toes into Indian equity with a modest investment of ₹13 crore. Domestic players (DIIs) then sat fat with ₹45,000 crore. Fast forward to 2014: the equations flipped. FIIs had ballooned to ₹6.6 trillion, while DIIs were crawling at ₹42,000 crore. In 2025, they’ve switched again: FIIs at ₹10 trillion, DIIs overtaking them at ₹14 trillion. Janak Raj of the Centre for Social and Economic Progress hails this as resilience. But let’s not dress up this as a symbol of “Atmanirbhar Bharat”. Capital has no hews of colour. Now to the horror story: net FD...

Operation Sindoor: A "Dog's Breakfast" Unpacked

  https://theprint.in/national-interest/indian-pakistan-air-force-doctrines-1965-1971-kargil-op-sindoor/2722096/ Among the well-worn tales of the 1965 Indo-Pak war, one stands tall: Lal Bahadur Shastry’s fearless call to cross the International Border in Punjab, defying both diplomatic and military counsel (especially diplomatic), to relieve pressure in Kashmir or then LoAC. It was a rare moment in history when Delhi’s political leadership took a risk for the soldier in the trench. But during the recent monsoon session of Parliament, Narendra Modi, in what can only be described as his “Blames, Boasts & Bullshit — Volume Whatever,” introduced a new villain into his perpetual “blame-the-past” series. Nehru the usual punching bag, Manmohan Singh gets a usual swipe, Rajiv Gandhi a mention sometimes, and even Indira in a rare moment. But Shastry? Yes, Shastry. Accused, by insinuation, of “squandering” the chance to reclaim Haji Pir Pass and Kartarpur Sahib. Why? Because Op Sind...

Why ELI and PLI Miss the Mark : From Jumla to Jumble

  https://www.thehindu.com/opinion/op-ed/debunking-the-myth-of-job-creation/article69924144.ece “Minimum Government and Maximum Governance” was the English couplet that powered the Modi juggernaut in 2014. Another line from the same sonnet was, “Government has no business to be in business.” Those lines weren’t policy; they were poetry. In Amit Shah’s own vocabulary, they were jumlas . And like most poetry in politics, they have aged into parody. Common sense tells us: when schemes multiply, so does discretion . Eligibility thresholds, definitions, continuity tests, pay-out schedules—each becomes a lever in the hands of the bureaucracy. Markets stop being a free actor, ingenuity is replaced by compliance, talent becomes a footnote, and entrepreneurship is reduced to a function of a bureaucrat’s enthusiasm or whim. Even with the best intentions and the clearest rules, someone in an office still decides who qualifies and who doesn’t. That someone is not “the market” —it is the Ba...

Democracy on a Short Leash: How the BJP Keeps Power in the Family

  https://www.thehindu.com/opinion/editorial/fix-the-flaws-on-rahul-gandhis-stolen-elections-allegation-and-the-election-commission-of-india/article69910219.ece The Hindu’s August 9th editorial nods politely to Rahul Gandhi’s “voter list fraud” allegations, but it tiptoes around the real culprit — the rotting foundation of India’s democratic architecture. This isn’t just about flawed lists; it’s about a ruling party that has weaponised appointments, bent laws, and turned neutral constitutional offices into extensions of its own party office. Let’s start with the Election Commissioners. In a fair system, the man should command the confidence of the whole political spectrum. But this government decided such lofty ideals were for sissies. When the Supreme Court suggested a balanced selection committee, the BJP tossed the idea into the dustbin and wrote a new law to keep total control. Result? A Commission that looks like an old boys’ club of retired babus from the Amit Shah finishin...

Modi’s Foreign Policy: All Optics, No Strategy – A Rebuttal to R Jagannathan

 https://www.business-standard.com/opinion/columns/india-s-diplomacy-needs-to-move-from-demonstrative-style-to-hard-substance-125080501933_1.html Let’s begin with the obvious. R Jagannathan’s piece titled “India needs to up its diplomatic game” published in Business Standard dated Aug 6,2025 starts with the right note but soon meanders into a muddled defence of the very failures it gestures toward. The title implies urgency, even introspection. But the essay itself does little more than catalogue geopolitical anxieties while clinging to the same photo-op-driven framework that has defined Indian foreign policy for over a decade. To his credit, Jagannathan does briefly acknowledge the hollowness of Narendra Modi’s personal rapport-based diplomacy, stating that “personal rapport with global leaders is not a solid enough basis for conducting the kind of hard-nosed diplomacy that can deliver net gains for the country.” He nods at the performative spectacles of “Howdy Modi,” “Namaste...

Namaste Trump, Goodbye Dignity

 When the history of Indian diplomacy under Narendra Modi is eventually written, it may be remembered not for its strategic breakthroughs, but for its theatrical excesses, its silences in moments of crisis, and its worrying penchant for personalisation over institutional prudence. Modi’s foreign policy, by design, was never meant to be quiet or cautious. From the grand gestures of “Namaste Trump” to his surprise visits to Pakistan, it has been high on drama and low on deliverables. It has sought headlines, not long-term relationships. Unfortunately, in foreign affairs, style without substance often invites consequences. Let us begin closer home. In 2015, when a devastating earthquake struck Nepal, India was the first responder. This was an admirable and expected act by a regional power. However, what could have been a reaffirmation of India’s neighbourhood leadership quickly descended into a public relations disaster. Kathmandu’s citizens and civil society accused India of using ...