Connect with us

South Asia

Indian Budget 2016: Focus on state elections

Published

on

For India, wasting huge resources on joint cricket exercises, cricket matches are more important than the government budgets that are approached with usual ease.

Even while a budget is being presented in the parliament, in fact, the ministers and MPs are worried more about India’s chances for more cricket matches to “improve ranking” and bogus records by mutual consents. This explains how much the cricket mafia controls Indian government and mindset.

Even as Indian and Pakistani cricket teams were seemingly making joint efforts in Bangladesh to reach the final to let India shine eventually in T20 as part of so-called Asia cup, played in the night (5 teams are allowed to play: 4 South Asian teams India, Bangladesh, Pakistan, Sri Lanka and hopeless UAE), Indian Finance Minister Arun Jaitley presented the BJP government’s Union Budget 2016 on February 29 morning, making it appear to be pro-poor.

For India cricket match is as good as budget making and the Indian finance minister Jaitley was earlier an important BCC boss. Indian FM Jaitley, pitching now for economic growth, hailed the Indian economy’s big strides.

The Modi government unveiled a fire-fighting budget that seeks to win back support among rural voters for Modi’s government and sustain growth against a grim global backdrop – all without borrowing more. Jaitley claims India’s growth has accelerated to 7.6% in 2015-16 notwithstanding contraction of global exports. He said India’s growth is extraordinarily high. “Our external situation is robust, CAD has declined to $14.4 billion this year, will be 1.4% of GDP at the end of fiscal. CPI inflation has also come down to 5.5% from 9.4% in the last three years”.

Jaitley described his three priorities as: strengthening India’s firewalls by ensuring macroeconomic stability and prudent fiscal management; driving growth through domestic demand; and reforms to boost economic opportunity. Key areas of policy focus would be farming, social reforms, infrastructure and recapitalizing India’s banking system

With state elections coming on their way this year, the Modi government feels the state governments take all credits for schemes and mega projects launched by central government and it is eager to pitch for full credit for its programs and the budget would stress that all major projects in states are in fact BJP government’s.

Arun Jaitley’s third budget marked a strategic shift by addressing rural distress in a country of 1.3 billion, where two-fifths of families rely on farming and are reeling from two years of drought. Jaitley reeled off a list of $16 billion in measures targeted at the countryside, including spending on a job creation scheme, farmers’ welfare and building of rural roads. He also targeted a total of $130 billion in credit to farmers.

Jaitley laid out plans to electrify all Indian villages by 1 May 2018 and allocated Rs 8,500 crore for rural electrification in fiscal 2017. As in every year, the agriculture credit target has been increased to Rs 9 lakh crore from Rs 8.5 lakh crore. It offered a fine blueprint of several small steps to lift India’s villages and encourage small entrepreneurs but failed to impress on NDA-government’s big challenge of taking ahead the reforms process and aggressive infrastructure spending needed to lift the economy to a high growth path. At the same time it hiked public investment in India’s woeful infrastructure by 22.5 percent, while taking further steps to revive corporate investment that Modi needs to create new jobs for India’s burgeoning workforce.

Jaitley called Asia’s third-largest economy a bright spot in a gloomy global landscape, and reiterated a false forecast that it would grow by 7.6 percent in the fiscal year that is drawing to a close. But, despite hefty commitments on rural welfare and health, Jaitley managed to stick to his fiscal deficit target of 3.5 percent of gross domestic product for the 2016/17 fiscal. Rural demand is weak, private investment is dead in the water and, of course, we have a banking crisis

Jaitley said the government wanted to ensure that the benefits of growth are more widely shared among India’s 1.3 billion people and he unveiled pro-poor budget to placate voters, pledges reforms Finance Minister Arun Jaitley unveiled a budget for the poor, announcing new rural aid and health programmes in a strategy shift that could boost his ruling Bharatiya Janata Party (BJP) in coming state elections.

Apparently, the Modi government has spared the common man, has not added more burdens on common masses in the budget. More taxes would certainly have meant popular crisis. At first glance, Budget 2016 is naturally more a Modi budget, than a statement of purpose from Jaitley. Packed with several small-steps initiatives but lacking major bold steps to undertake much needed reforms.

India holds several state elections this year, including in Tamil Nadu and West Bengal, with the country’s most populous state, Uttar Pradesh, going to the polls in 2017. A strong showing will be vital to Modi’s chances of a second term. Despite commanding a large majority in parliament’s lower house, Modi’s government has failed to pass several key measures since sweeping to power almost two years ago, raising doubts over the impact of its reform agenda.

After BJP’s losses in Delhi and Bihar elections, govt put emphasis on social sector, farmers and rural India. The themes– poor, farmers and women–which had been gaining accent in Modi’s speeches in recent months, resounded in the budget, blunting the blitzkrieg of the Congress led by its vice-president Rahul Gandhi calling the NDA a “suit-boot ki sarkar”.

The Union Budget 2016 bore PM Modi’s imprint rather than that of his finance minister, Arun Jaitley. Among budget highlights, FM Jaitley announced 1% excise duty to be levied on all articles of jewellery except silver. This means silver prices are going to remain unchanged. Government will increase ATMs, micro-ATMs in post offices in next three years. Government announced deduction for rent paid to be raised to Rs 60,000 to Rs 20,000 to benefit those living in rented houses. People who don’t have any houses of their own or don’t get house compensation from employers get rebate of Rs 24,000 per annum. Ceiling of tax rebate for taxpayers with up to Rs 5 lakh annual income to be raised to Rs 5000 from Rs 2000 currently; Daily working hours and weekly hours for employees of malls and small shops will be regulated. For first time home buyers will be levied for loans up to Rs 35 lakh for property not exceeding Rs 50 lakh.

The major highlight of the budget was Jaitley’s big push on agriculture and rural India. For rural development he announced a package of Rs 87,765 crore in fiscal year 2017 as against Rs 79,526 crore. That apart, Jaitley announced a subsidy scheme for BPL families for cooking gas and said the government targets to double the income of farmers by 2020 and Rs 2,000 crore for new LPG connections. Jaitley allocated Rs 35,984 crore for the farming sector, Rs 86,500 crore on irrigation for five years, and Rs 15,000 crore interest for agricultural loans.

Jaitley promised that there “won’t be compromise” on the spending side, announcing a 11 percent increase to Rs 19.78 lakh crore in fiscal 2017 from Rs 17.77 lakh crore BE year before. Of this, plan expenditure is up by 15 percent to Rs 5.5 lakh crore and non-plan expenditure increased by 9 percent to Rs 14.28 lakh crore. But the government lowered its spending on the infrastructure segment. For fiscal year 2017, Jaitley allocated Rs 55,000 crore for roads and highways.

The Economic Survey announced on a week ago, ahead of the budget, spelled out the first priority for Jaitley to deal with in the budget — ensure that growth momentum is on. This is because the current environment is fraught with risks, which threaten all the engines of India’s growth. For fiscal year 2017, Jaitley announced a fiscal deficit target of 3.5 percent and for the fiscal year 2016, the fiscal deficit target has been met at 3.9 percent. This news could make the rating agencies, investors and the RBI happier since there was immense pressure on the government to stick to the fiscal consolidation roadmap.

The BJP government has set a disinvestment target of Rs 56,500 crore for fiscal year 2017 as against Rs 69,500 crore for fiscal year 2016. Of this Rs 56,500 crore, Rs 36,000 crore is through the sale of stake in state-run companies and the rest through strategic sales. In the last year, as against the target of Rs 69,500 core, the government managed to raise only Rs 18,421 crore (from sale of stake in six PSUs) on account of lukewarm market conditions.

For fiscal year 2017, Jaitley announced a capital infusion of Rs 25,000 for government-banks, which was part of the Rs 70,000 crore announced for five years last year

However, Finance minister Jaitley has failed so far to get hold of the root of the problems that has engulfed India’s Rs 95 trillion banking industry. Jaitley’s banking sector strategy fell short of what was needed to revive state-run banks. The bad loan crisis in the banking sector has severely constrained the ability of the banks to fund long-gestation infrastructure projects.

Modi’s change of course seeks to prevent a repeat of the fate of the Vajpayee government led by his nationalist Bharatiya Janata Party (BJP), whose relentless optimism – summed up by its “India Shining” slogan – grated with voters who dispatched it after one term in 2004.

The spending package marks a radical shift from Prime Minister Narendra Modi’s initial focus on investing in infrastructure in a bid to kick-start private-sector investment that remains weak. Making a strategic turn in its priorities from industry to the under-privileged, the political message was lucid. The BJP, which faced humiliating defeats in the Bihar and Delhi, underlined the budget’s emphasis on social sector, farmers, rural India and poor.

The Opposition rejected the budget, dubbing it as a political budget which has nothing to give impetus to three engines of growth– agriculture, private investment and exports.

The shift in the government’s economic script was forseeable. Modi has held four farmers rallies across the country over the past month even as he has been underlining the need to focus on “antyodaya”, the last man in the queue.

In his third budget, Jaitley described the country’s 120 million farmers as the “backbone of the country’s food security” and promised to double their income in five years. He also said government would increase spending on the National Rural Employment Guarantee Scheme (MNREGA), a scheme brought by the UPA regime offering 100 days of employment to villagers. He announced providing BPL families with LPG connections with subsidy, an echo of the Prime Minister’s concern about women whose eyes watered while cooking on chullahs. Announcing government’s commitment towards rural electrification, he assured 100 per cent village electrification by May, 2018.

Besides fiscal consolidation, the focus of the budget has been on infrastructure, which has even been acknowledged by the Opposition. The total outlay on the infrastructure is Rs2, 21,246 crore. For building or renting houses, there are tax benefits and for the first time home buyer the deduction for interest paid on home loan has been raised by Rs50, 000 a year.

Former finance minister P Chidambaram refuted the government’s claim that the budget was pro-farmer. “The crucial signal in agriculture sector is the price. Last year, I think the farmers were cheated.. I would have expected that the price signal is given clearly to the farmers. Immediately it is the prices signal that enthuse the farmers. One of the reasons for acute distress in rural India is that the farmers are not getting fair and remunerative prices for their produce,” he said. CPM general secretary Sitaram Yechury said the budget will “create greater economic inequalities, reduced purchasing power, was not growth oriented and appeased international capital more than meeting people’s requirements.”

The 2016 budget, a big test for Jaitley, was a tough balancing act between the fiscal consolidation and much-needed spending to revive growth in the economy, especially in the face of rising investor-pessimism on the rise, which has risked Modi’s task of reviving the economy. Jaitley committed to the fiscal consolidation path, but failed to impress by setting aside enough funds to push ahead the infrastructure growth and address the banking sector woes.

Observation

In the past, the delays in project implementations in India have resulted in huge cost-over runs to companies. The corporate sector will eagerly look for measures that can ease their burden, especially in the infrastructure projects.

One should note that Jaitley’s big task remains making sure the engines of economic growth aren’t failing. This year, the increase in infra spending is merely Rs 30,000 crore as against Rs 70,000 crore last year, which isn’t so encouraging at this stage of economic growth.

There are certainly ifs and buts in budgets presented by governments with a lot of predictions and lies. The parliamentarians, even while debating the budgets, are enjoying their stay in the Houses. How much of what is said in the budget would be implemented by Modi government remains to be seen.

Meanwhile one can understand why Sri Lanka and Bangladesh and even Pakistan as powers also want to serve India? How come all these big powers like UK and Australia are scared of India. Has India paid huge sums as FDI to these countries to boycott the WC t20?

At times Bangladesh plays bit seriously well, defeating both Sri Lanka and Pakistan and reaching the finals to face “mighty cricket India”. Will BD sustain the tempo against India or collapse for whatever reason?

No one knows it for sure. Big secrecy? Most cricketers today are on the payrolls of India’s some of richest IPL bosses and possibly of BCCI for their “dedicated” services in honour of India, making it shine perpetually on the field.

For India, like its neighbors Pakistan and Sri Lanka, cricket is perhaps more profitable business than foreign trade these countries conduct. Mafias make huge money both from black and white from cricket. Lankan cricketers, who cannot but play in IPL as their duty, appear to consider Indian currency too valuable.

No matter how the budget is prepared and presented in the parliament, mafias and middlemen continue to thrive.

The budget would be forgotten by the government and people sooner than later, but not the cricket matches, because budget does not enjoy the importance the cricket does. Budget or no budget, India can go on but without cricket dramas it appears India simply cannot exist. One can’t say so sure about other countries if they are also so innocently emotional….

Continue Reading
Comments

South Asia

Questioning the Novelty of India’s New Normal

Haris Bilal Malik

Published

on

In recent years Indian notions of Pre-emption and so-called surgical strikes have been referred to as the ‘new normal’ by many in India. These have contributed to further affecting the security, stability and strategic equilibrium in the South Asian region. This is evident in how the top-brass within the Indian military has repeatedly asserted that India reserves the right to punish Pakistan with such notions of preemptive strikes across the Line of Control (LoC) under its limited war doctrines, which themselves belie a desire to wage a low-intensity conflict across the border. At the doctrinal level, India has been planning for this for quite some time as evident from its 2004 Cold Start Doctrine (CSD)as well as its more recently released doctrines such as the 2017 Joint Doctrine of the Indian Armed Forces (JDIAF) and the 2018 Land Warfare Doctrine (LWD). These doctrines are all based upon proactive strategies and indirect threats of preemptive strikes against Pakistan. Based on the current patterns of Indian aggression these ideas hold immense significance when considering the latest rounds of tensions over the disputed territory of Kashmir as witnessed in the short-lived military engagement between the two countries in February 2019

Inspired by such notions and in typical fashion, the new Army Chief of India Gen. Manoj Mukund Naravane wasted little time in blaming Pakistan for sponsoring terrorism in India. The same day he took charge of his new appointment he claimed that India reserves the right to respond in the same way it had previously done through its so-called ‘surgical strikes.’ Moreover, he openly asserted to physically taking control of Azad Jammu and Kashmir (AJK) if his government ordered him to do so.

However, such assertions from the Indian political and military leadership are simply repetitions of the same statements that have been made by Prime Minister Modi, Mr. Rajnath Singh, and former Army Chief Gen. (R) Bipin Rawat in the recent past. Representing the same aggressive and jingoistic posturing, there is not much novelty in these statements. In fact, even in this so-called ‘new normal’ which these leaders have repeatedly described over the last few years, there is nothing new at all.

Even the oft-quoted notion of a preemptive ‘splendid first strike‘ is not new for Pakistan as it had already formed a key part of the discourse surrounding the Indian and international strategic community since the years 2016-2017. According to this, if in India’s assessment, Pakistan was found to be deploying nuclear weapons, as a contingency, India would likely resort to such a splendid first strike which it has always hinted as being a nuclear strike. As such all this does is prove Pakistan’s pre-existing doubts over India’s long-debated ‘No First Use’ (NFU) Policy. Yet, what’s worth noting here is that this overt shift towards declaring a more offensive doctrinal posture from India represents a more focused attempt at undermining the deterrent value of Pakistan’s own nuclear posture, thus ultimately destabilizing the South Asian region.

Instead, the only thing new to come out from all these assertions from Indian leaders is the prevailing fascist mindset within India that is being fueled by a false sense of racial superiority and hatred against Muslims. This was clearly stated by Prime Minister Imran Khan in his tweet when he attributed the cause of such provocations to the RSS’s extremist ideology. Hence, Pakistan perceives the recent statements from India’s top military brass as also being wholly politically inspired and as a routine attempt to divert attention away from the rampant domestic socio-economic issues currently plaguing India. The fact remains that Pakistan’s response to this Indian self-proclaimed ‘new normal’ which was on full display during the Balakot crisis itself set a clear example of its full spectrum deterrence. Contrary to the notion that a conventional asymmetry of sorts exists between the two countries, Pakistan had responded conventionally and more befittingly while holding its own toe to toe. In other words, Pakistan proved that it can also restore deterrence via conventional means despite the quantitative edge of India’s conventional forces and military hardware.

It is also worth noting that while India is spending billions of dollars on its military modernization program both in terms of its conventional and unconventional acquisitions; allocating billions for defence spending does not necessarily guarantee military supremacy. Especially if the adversary is determined to thwart any such attempts right from the outset. India’s actual capabilities still differentiate widely from what its political and military leadership inspires and projects itself to be. In fact, there is a huge gap between the Indian leadership’s expectations and what its military can actually deliver. As apparent not only in the absurdity of Gen. Naravane’s statement but also in Prime Minister Modi’s and others, the credibility of such threats already remains highly questionable.

Hence at the present, it seems that India is more keen on simply projecting military supremacy vis-à-vis Pakistan as opposed to actually attaining it, as reflected in the statements of its political and military top brass. Its favored notions of preemption at the doctrinal and strategic levels are evidence of such aspirations. As such the increasingly provocative posturing against Pakistan in the form of this so-called ‘new normal’ seems to represent simply a jingoistic approach to manipulate Indian public sentiment in the ruling government’s favor. However, the fact remains that Pakistan has already nullified such notions of preemption in the recent past and has proved it time and again. As such India’s aggressive posturing seems to be collapsing on itself with its self-proclaimed ‘new normal’ unlikely to pose any serious challenges to Pakistan’s strategic posture at least for the time being.

Continue Reading

South Asia

From Scapegoat Back to Key Ally: Pakistan and the Perils of US Maximalism

M Waqas Jan

Published

on

In the two years since President Trump accused Pakistan of giving nothing but deceit and lies, relations between both countries seem to have undergone a dramatic turnaround. This is evident not only in the official narrative being put forth by both countries with respect to one another, but also in how this growing sense of cordiality has culminated into a series of high-level visits and meetings between key representatives. For instance, the icy indifference with which US Secretary of State Mike Pompeo was greeted with in Islamabad back in September 2018 now stands in stark contrast to the frank more amicable meetings that have been held between Prime Minister Khan and President Trump thrice since then. Not to mention the back to back visits from Alice Wells, the current US government’s focal representative for South Asia, that have further accompanied a steady yet gradual thawing of tensions.

Signs of this turnaround are further evident in how last month’s resumption of military education and training programs for Pakistani Officers marks one of the first steps towards renewed strategic cooperation. This represents an important milestone since President Trump had announced the cancellation of all forms of US military aid to Pakistan in early 2018. Similarly, acknowledgments of the progress made as per the requirements of the FATF review, as well as the ‘concern’ expressed over India’s recent actions in Kashmir are all signs aimed at placating some of Pakistan’s most pressing interests. Thus, hinting at what more cordial relations with the US could look like for Pakistan, while just stopping short of making any concrete commitments.

Yet, to say that Pak-US ties have begun to ‘normalize’ or ‘revert’ towards a mutually beneficial status quo would be ignoring the age-old complexity that has characterized relations between both countries. Especially for a relationship that has been long described as blowing hot and cold, on and off, as a rollercoaster ride, or simply a love-hate one. History has borne witness to the fact that US foreign policy towards Pakistan has more than often been based on a ruthless pragmatism and maximalism. This all or nothing approach has brought immense amounts of aid and funds for Pakistan which have been always cut off just as abruptly as they were initiated. Often without any long-term assessment or appreciation of what such actions are likely to lead to beyond the US’s more immediate goals.

None of this has been more evident than in US expectations from Pakistan regarding Afghanistan and the Taliban. It’s no secret that the very inception of the Taliban came from US funds and training during the waning stages of the Cold War for which Pakistan played the role of an indispensable intermediary. Yet following the 9/11 attacks, US policy towards the Taliban changed overnight when the US in lumping the Taliban together with Al-Qaeda brought down its military might on the entire Afghan State. What’s more it forced Pakistan to join its War on Terror almost at gunpoint. The infamous statement attributed to then US deputy secretary of state Richard Armitage where he allegedly threated ‘to bomb Pakistan back to the stone age’ stands as a stark reminder of how even labeling this relationship as ‘complex’ is simply an understatement.

This aspect is further reinforced in the damning revelations of the Afghanistan Papers that were released just last month. Representing a cache of candid interviews of key officials responsible for formulating and implementing the US’s Afghanistan policy, these interviews have been used to piece together crucial mistakes at the strategic and policy levels made by successive US governments over the last two decades.  One of these mistakes has been highlighted as ‘trusting Pakistan as a friend’ where Pakistan has been repeatedly accused of providing sanctuary and support to certain militant groups. Hence, accusations of Pakistan playing a double game, as well as the confusing distinctions between good and bad Taliban all contributed to a narrative that Pakistan was doing more to upend US progress than support it. This had caused much of the resentment and mutual distrust specifically during the Obama years which starting from calls to ‘do more’ resulted in the US unilaterally and covertly taking out Osama Bin Laden deep inside Pakistani territory. As ties worsened, the advent of the Trump presidency brought with them an overt sense of finality in the form of his new year tweet that was referred to in the beginning of this article.

Yet, even now as both countries come full circle with the US asking for help in bringing the Taliban to the negotiating table, one fears that the US may still not have learnt anything from its adventurist debacles. As the Afghanistan Papers themselves testify, Pakistani officials have remained quite  candid in their desire to hedge their bets against the US by maintaining limited ties with the Taliban. This was made clear to Ambassador Ryan Crocker who had served as the US ambassador in Islamabad from 2004-2007. In one of his interviews in the Afghanistan Papers, the former ambassador directly quotes a conversation he had with Gen Ashfaq Kayani who was then the DG ISI.As Mr. Crocker himself recounts, the general had quite explicitly made clear his reservations against an abrupt US withdrawal that would force Pakistan to once again pick up the pieces while having made the Taliban a mortal enemy. Hence justifying the reasons behind Pakistan’s so-called duplicity.

But considering how it is in fact the US now that is pressing Pakistan to use those same ties to help extricate itself out of the Afghan quagmire, Pakistan’s strategy against the Taliban seems to have stood wholly vindicated. In fact, it appears downright visionary considering how in hindsight, Pakistan had repeatedly called on the US to consider negotiating with the Taliban – especially when the US had the upper hand following its initial successes back in the early 2000s.However,the US after squandering its own reputation and credibility and already having missed multiple chances to engage with the Taliban are now ironically banking on Pakistan to help secure an exit. A kind of exit that not only allows the US to perhaps save face at the international level, but also offer something palatable to the American people during an election year. Thus, once again reeking of the reactionary maximalism that has so often brought into question the US’s reliability and trustworthiness as an ally. Not to mention President Trump’s own ‘America First’ policy, which already risks squandering whatever little credibility the US has been left with in the first place.

Continue Reading

South Asia

India’s Modi: Messiah or Menace

Dr. Arshad M. Khan

Published

on

When the Hindu sages developed their way of life, they divided people into four castes:  Brahmins, the thinkers, scholars and priests at the top for they were the guides; Kshatriyas, the soldiers including the king second for they protected and governed society; Vaishyas the merchants third with their commerce facilitating daily living; and Shudras who were the laborers and service workers at the bottom.

Well, the world has changed as it should but perhaps they had a point as there is a Vaish — not one at the top of the class but a tea-seller from a shop that would be at the other end of the spectrum from those charming English tea shops in Devon — now running the country.  Of dubious education that has been challenged and a beginning in the ultra-nationalist RSS (once outlawed by India’s founding prime minister and known also for producing Gandhi’s assassin) Narendra Modi is at India’s helm.  His BJP party’s rise is linked to stoking up tensions between Hindus and minority Muslims, whose suffering has been well documented.  Police powers have been increased and Muslim Kashmir is now under direct rule from Delhi, while new laws are disqualifying Muslims from citizenship.  So reports The Economist in its special issue, The State of the World in 2020 (p. 53).

Better known is the pogrom of Muslims in Modi’s Gujarat when he headed the provincial government there, and his party’s role in the destruction of a 500-year old mosque built by Babur so that the fictitious birthplace of Ram would be holy to both religions.  Having overthrown the Muslim Lodi dynasty and with a tenuous hold, Babur was seeking friends among Hindu Rajas who generally owed fealty to the Delhi sultans.  The Mughal Emperors also started the custom of marrying Hindu royalty to cement relationships and ensure loyalty.  And this Mughal openness to other religions reached its apex under Emperor Akbar who founded a new religion, Din-i-Ilahi, attempting to incorporate the best from all faiths but which, lacking roots, died with him.

After the Indian rebellion against British rule, the British saw advantage in fostering division among communities in the infamous divide-and-rule maxim, now changed by Modi into suppress-and-rule, as the left-over Muslim community is poor and weak after the emigration of many to Pakistan following partition and independence in 1947.

Gandhi and founding prime minister Nehru’s vision of a secular India is enshrined in its constitution, which Modi and the BJP’s Hindu nationalist agenda subverts.  Its Hindutva, a Nazi-like ideology holding Hinduism supreme, wants India to be an exclusively Hindu nation noting that Hindu and Muslim cultures are different, without regard to the similarities.  As a video demonstrating the new ideology in practice points out, it is safer to be a cow than a Muslim in Modi’s India.

It is what one can expect when an ill-educated, charismatic tea-seller takes over the world’s largest democracy offering cultural superiority and its false pride, hare brained schemes like a deadline  declaring old high denomination banknotes illegal causing chaos at banks.  Poorly managed plans like toilets and gas cookers for the poor are touted as successes.  But the toilets are not used because the plans did not include maintenance, and gas cooker distribution is riddled with corruption.  Meanwhile, the economy suffers and the country ranks 102 out 117 on the Global Hunger Index (between Sierra Leone and Niger) and far behind Bangladesh.  So much for the hype.

Continue Reading

Latest

EU Politics2 hours ago

EU and 16 WTO members agree to work together on an interim appeal arbitration arrangement

EU and Ministers from 16 Members of the World Trade Organization (WTO) have agreed to develop a multi-party interim appeal arrangement...

South Asia3 hours ago

Questioning the Novelty of India’s New Normal

In recent years Indian notions of Pre-emption and so-called surgical strikes have been referred to as the ‘new normal’ by...

Tech News4 hours ago

CTCN publication explores role of technology transfer in raising climate ambition

The Climate Technology Centre and Network (CTCN) has published a report titled, ‘Climate Change Strategies 2020′, which highlights the role of technology transfer in...

South Asia5 hours ago

From Scapegoat Back to Key Ally: Pakistan and the Perils of US Maximalism

In the two years since President Trump accused Pakistan of giving nothing but deceit and lies, relations between both countries...

Newsdesk7 hours ago

Mongolia, ADB Sign Grant to Develop Participatory Food Waste Recycling

The Asian Development Bank (ADB) and the Government of Mongolia have signed a $3 million grant agreement to improve food...

Defense8 hours ago

India-Pakistan: Stitched in Multilateral Interests

Bilaterally botched relationship, Pakistan and India would be working together in an economic and strategic multilateral forum of Eurasia’s Shanghai...

EU Politics10 hours ago

EU steps up support in Nigeria for conflict victims

As millions of people continue to be affected by the conflict in Nigeria’s Lake Chad region, European Commissioner for Crisis...

Trending