Swaminathan S. Anklesaria Aiyar
This user hasn't shared any biographical information
Posts by Swaminathan S. Anklesaria Aiyar
Scrap subsidies that burn funds
Jul 27th
In Gujarat, Narendra Modi has pioneered the Jyotigram project which provides 24×7 domestic electricity to all rural households. He wants to spread this to the whole country, and some states (like Madhya Pradesh) have already implemented the idea. However, neither Modi nor any chief minister is asking a simple follow-up question. For decades, kerosene has More >
Meeting terrorists is a journalist’s duty, not sedition
Jul 20th
If I was offered a meeting with Hafiz Saeed, head of the Lashkar e-Toiba, what would be my reaction? I would seize the opportunity with glee. Any self-respecting journalist should be delighted to get such a scoop. Yet when Ved Prakash Vaidik, a senior Hindi journalist, met Saeed in Pakistan, Indian politicians and TV anchors More >
Jaitley dons a PC mask
Jul 13th
Finance Minister Arun Jaitley’s maiden budget repeats so many figures of Chidambaram’s interim February budget that global analysts call it a cut-and-paste job. I call it a Chidambaram budget with saffron lipstick. Chidambaram’s February figures were attacked at the time as bogus and inflated by the BJP. The same figures have suddenly become the BJP’s More >
Budget 2014: FM Arun Jaitley must act tough for 2 years, bring long-term change
Jul 7th
Finance Minister Arun Jaitley’s first budget should spell out his vision for the next five years, downplaying projections for the coming year. This vision must include a tough budget this year and another tough one next year, pruning populist excesses and improving tax administration. That will build a sound foundation for fast economic growth in More >
Why budget? Corporatize the railways instead
Jul 6th
Narendra Modi claims to be a radical reformer. He envisages a quadrilateral of bullet trains connecting India’s four metro cities, with more to follow. However, this cannot be done without radical surgery to rectify the total mess in the current structure and finances of the Indian Railways. Modi must declare he will convert the railways, More >
Sher ki soorat, khargosh ka kaleja
Jun 29th
Narendra Modi’s fans expect him to extend his Gujarat model of development to all India. They think Modi’s “tough love” will lead to hard decisions that hurt immediately, but later yield handsome dividends. They believe Modi will, as promised in his campaign pledges, treat Indians not as recipients of doles and subsidies but as aspirants More >
NGOs and their ideas seen as hurting development should be countered , not banned
Jun 25th
Free access to ideas of all sorts is a fundamental right. Many ideas may be terrible, but battles against them should be fought in the high country of the mind, not through censorship or bans. Caveat: ideas accompanied by or leading to violence are subject to reasonable restrictions. Yet, such restrictions need to be minimal. More >
Free the media, abolish the I&B ministry
Jun 22nd
Dear Prakash Javadekar, Your first instincts as Information and Broadcasting minister seem sound. You say you are willing “philosophically and ideologically“ to work towards abolition of the I&B Ministry, which has no place in a democracy with a free media. You accept there is no logic in prohibiting news broadcasts by private radio stations. Rather More >
Jaitley should enact a Right to Disinvest
Jun 15th
Dear Arun Jaitley, As you prepare to present your first budget, you will be struggling to make ends meet. Your predecessor did some financial jugglery (like not paying overdue bills) to bring down the fiscal deficit, but that’s unsustainable. You also face an infrastructure crisis: the public-private partnership model has broken down, since private players More >
Modi must say no to Naidu’s demand for Rs 54,000-cr super-freebie
Jun 8th
You have become Prime Minister by promising strong, decisive governance. To prove you are serious, you must veto the demand of your ally, Seemandhra chief minister Chandrababu Naidu, for Rs 54,000 crore to fulfil his crazy election promises. Your election campaign promised a dynamic economy enabling people to prosper on their own, not depend on More >
Powering up: Modi may soon control two-thirds of the states
Jun 1st
I was among those warning that a Modi government could not transform the economy quickly. It faced deep structural constraints, both economic and political. However, both are lifting faster than seemed possible till now. Last week I wrote about how economic constraints were easing, thanks to soaring animal spirits. Foreign investors have brought in $11 More >
Soaring animal spirits can make Modi’s task easier
May 25th
When expectations are strong enough, they become self-fulfilling. If enough people think land and stock prices are going to rise and all of them start buying, the price of land and stocks will indeed shoot up. If all businessmen fear a recession and stop investing that itself will cause a recession. I argued in these More >
How migrant labourers worked in Modi’s favour
May 18th
Most of us are still struggling to grasp the dimensions of Narendra Modi’s victory. He won a mind-boggling 71 of Uttar Pradesh’s 80 seats. So he won far more seats in UP than the Congress party did in all India. Mayawati, who aspired to become prime minister in a hung Parliament, was so engulfed by More >
What a strong Modi govt implies for markets & economy
May 14th
Exit polls suggest an absolute majority for the BJP-led National Democratic Alliance (NDA). If so, India will have a strong Modi-led government, free from fickle allies. What will be the outcome for Indian politics, the economy and markets? No party or combination has won an absolute majority in the Lok Sabha since 1984. So, the More >
Even in defeat, Aam Aadmi Party still matters
May 11th
I have long been allergic to mainline political parties. On election day, I typically go to the polling booth, look at the photos of candidates, and vote for the bestlooking independent. I did not vote this time because I was abroad. But I made a donation to the AAP. It often makes me tear my More >
Recent Comments