Migrant worker woes and many other stories

I was gonna use this blog post to share about the migrant worker woes as there has been multiple stories doing the rounds. For e.g. a story which caught the idea of few people but most of us, i.e. middle-class people are so much into our own thing that we care a fig leaf about what happens to migrants. This should not be a story coming from a humane society but it seems India is no different than any other country of the world and in not a good way. Allow me to share –

Or for those who don’t like youtube, here’s an alternative link

https://www.invidio.us/watch?v=JGEgZq_1jmc

Now the above two editorial shares two stories, one of Trump retaliatory threat to India in the Q&A of the journalist. In fact, Trump has upped the ante on visa sanctions as India buckled so easily under pressure.

There have been other stories doing the rounds how people who have illnesses who need HCQ in India are either dying or are close to death because of unavailability of HCQ in the medicine shop. There have been reports in Pune as well as South Mumbai (one of the poshest localities in Mumbai/Bombay) that medicine shops are running empty or emptier. There have been so many stories on that, with reporters going to shops and asking owners of the medicine shops and shop-owners being clueless.

I think the best article which vividly describes the Government of India (GOI) response to the pandemic is the free-to-read article shared by Arundhati Roy in Financial Times. It has reduced so much of my work or sharing that it’s unbelievable. And she has shared it with pictures and all so I can share other aspects of how the pandemic has been affecting India and bringing the worst out in the Government in its our of need. In fact, not surprisingly though, apparently there was also a pro-Israel similar thing which happened in Africa too . As India has too few friends now globally, hence it decided to give a free pass to them.

Government of India, news agencies and ‘paid News’

One of the attempts the state tried to do, although very late IMHO is that it tried to reach out to the opposition i.e. Congress party and the others. Mrs. Sonia Gandhi, who is the Congress president asked that the Government should not run any of its ads on private television channels for a period of two years. There had been plenty of articles, both by medianama and others who have alleged that at least from the last 6 odd years, Government ads. comprise of almost 50-60% advertising budget of a channel advertising budget. This has been discussed also in medianama’s roundtable on online content which happened few months back. While an edited version is out there on YT, this was full two day’s event which happened across two different cities.

or the alternative to youtube –

https://www.invidio.us/watch?v=c1PhWR1-Urs

It was as if the roundtable discussions were not enough, Mrs. Gandhi clarion call was answered by News Broadcaster’s Association (NBA) and this is what they had to say –

News Broadcasters Association reply to Mrs. Gandhi

To put it simply, NBA ‘deplored’ the suggestion by Mrs. Gandhi and even called the economy in recession and all they had were the Government’s own advertising budget to justify their existence. The statements in themselves are highly pregnant and reveal both the relationship that the media, print or mainstream news channels have with the Government of India. Now if you see that, doesn’t it make sense that media always slants the story from the Government’s perspective rather than remaining neutral. If my bread basket were on the onus of me siding with the Govt. that is what most sane persons would do, otherwise they would resign and leave which many reporters who had a conscience did.

Interestingly enough, the NBA statement didn’t just end there but also used the word ‘recession’ , this is the term that Government of India (GOI) hates and has in turn has been maintaining the word, terminology ‘slowdown’ . While from a layman’s perspective the two terms may seem to be similar, if India has indeed been in recession then the tools and the decisions that should have been taken by GOI should have been much different than what they took. Interestingly, enough GOI has refrained from saying anything on the matter which only reveals their own interests in the matter. Also if an association head is making the statement, it is more than likely that he consulted a lawyer or two and used application of mind while drafting the response. In other words, or put more simply, this was a very carefully drafted letter because they know that tomorrow the opposition party may come into power so they don’t want to upset the power dynamics too much.

Privacy issues arising due to the Pandemic

On the same Financial Times, two stories which dealt with the possible privacy violations due to the Pandemic have been doing the rounds. The first one, by Yuval Noah Harari is more exploratory by nature and makes some very good points without going far too deep into specific instances of recent times but rather goes into history and past instances where Governments have used the pandemics to exert more control over their populace and drive their agenda. I especially liked the last few lines which he shared in his op-ed

“Even if the current administration eventually changes tack and comes up with a global plan of action, few would follow a leader who never takes responsibility, who never admits mistakes, and who routinely takes all the credit for himself while leaving all the blame to others.” – Yuval Noah Harari . The whole statement could right fit onto the American President which he was talking about while at the same time, fits right into the current Indian Prime Minister, Boris Johnson of UK and perhaps Jair Bolsanaro of Brazil. All these three-four individuals have in common is that most of them belong to right-wing and hence cater only to the rich industrialist’s agenda. While I don’t know about Jair Bolsanaro much, at least three out of four had to turn to socialism and had to give some bailout packages to the public at large, even though continuing to undermine their own actions. More on this probably a bit down the line.

The second story shared by Nic Fildes and Javier Espinoza who broke the story of various surveillance attempts and the privacy concerns that people have. Even the Indian PMO has asked this data and because there was no protest by the civil society, a token protest was done by COAI (Cellular Operator Association of India) but beyond that nothing, I am guessing because the civil society didn’t make much noise as everybody is busy with their own concerns of safety and things going on, it’s possible that such data may have gone to the Government. There is not much new here that people who had been working on the privacy issues know, it’s just how easy Governments are finding to do it. The part of ‘informed consent’ is really a misnomer . Governments lie all the time, for e.g. in the UK, did the ‘leave’ party and people take informed consent, no they pushed their own agenda. This is and will be similar in many countries of the world.

False Socialism by RW parties

In at least the three countries I have observing, simply due to available time, that lot of false promises are being made by our leaders and more often than not, the bailouts will be given to already rich industrialists. An op-ed by Vivek Kaul, who initially went by his handle शिक्षित बेरोज़गार which means somebody who is educated but unemployed. While Vivek has been one-man army in revealing most of the Government’s mischiefs especially as fudging numbers are concerned among other things, there have been others too. As far as the US is concerned, an e-zine called free press (literally) has been sharing Trump’s hollowness and proclamations for U.S. . Far more interestingly, I found New York times investigated and found a cache of e-mails starting from early January, which they are calling ‘Red Dawn’ . The cache is undeniable proof that medical personnel in the U.S. were very much concerned since January 2020 but it was only after other countries started lock-down that U.S. had to follow suit. I am sure Indian medical professionals may have done similar mail exchanges but we will never know as the Indian media isn’t independent enough.

Domestic violence and Patriarchy

There have been numerous reports of domestic violence against women going up, in fact two prominent publications have shared pieces about how domestic violence has gone up in India since the lockdown but the mainstream press is busy with its own tropes, the reasons already stated above. In fact, interestingly enough, most women can’t wear loose fitting clothes inside the house because of the near ones being there 24×7 . This was being shared as India is going through summer where heat waves are common and most families do not have access to A/C’s and rely on either a fan or just ventilation to help them out. I can’t write more about this as simply I’m not a woman so I haven’t had to face the pressures that they have to every day. Interestingly though, there was a piece shared by arre. Interestingly, also arre whose content I have shared a few times on my blog has gone from light, funny to be much darker and more serious tone. Whether this is due to the times we live in is something that a social scientist or a social anthropologist may look into in the times to come.

One of the good things though, there hasn’t been any grid failures as no industrial activity is happening (at all). In fact SEB’s (State Electricity Boards) has shown a de-growth in electricity uptake as no industrial activity has been taken. While they haven’t reduced any prices (which they ideally should have) as everybody is suffering.

Loot and price rise

Again, don’t think it is an Indian issue but perhaps may be the same globally. Because of broken supply chains, there are both real and artificial shortages happening which is leading to reasonable and unreasonable price hikes in the market. Fresh veggies which were normally between INR 10/- to INR 20/- for 250 gm have reached INR 40/- 50/- and even above. Many of the things that we have to become depend upon are not there anymore. The shortage of plastic bottles being case in point.

Aryan Plastic bottle

This and many others like these pictures have been shared on social media but it seems the Government is busy doing something else. The only thing we know for sure is that the lock-down period is only gonna increase, no word about PPE’s (Personal Protection Equipment) or face masks or anything else. While India has ordered some, those orders are being diverted to US or EU. In fact, many doctors who have asked for the same have been arrested, sacked or suspended for asking such inconvenient questions, although whether in BJP ruled states or otherwise. In fact, the Centre has suspended MPLADS funds , members of parliament get funds which they can use to provide relief work or whatever they think the money is best to spend upon.

Conditions of Labor in the Pandemic

Another sort of depressing story has been how the Supreme Court CJI Justice SA Bobde has made statements and refrained from playing any role in directing the Center to provide relief to the daily wage laborers. In fact, Mr. Bobde made statements such as why they need salaries if they are getting food. This was shared by barandbench, a site curated by lawyers and reporters alike. Both livelaw as well as barandbench have worked to enhance people’s awareness about the legal happenings in our High Courts and Supreme Court. And while sadly, they cannot cover all, they at least do attempt to cover a bit of what’s ‘hot’ atm.

The Chief Justice who draws a salary of INR 250,000 per month besides other perks is perhaps unaware or doesn’t care about fate of millions of casual workers, 400 – 460 million workers who will face abject poverty and by extension even if there are 4 members of the family so probably 1.2 billion people will fall below the poverty line. Three, four major sectors are going to be severely impacted, namely Agriculture, Construction and then MSME (Micro, small and medium enterprises) which cover everything from autos, industrial components, FMCG, electronics, you name it, it’s done by the MSME sector. We know that the Rabi crop, even though it was gonna be a bumper crop this year will rot away in the fields. Even the Kharif crop whose window for sowing is at the most 2-3 weeks will not be able to get it done in time. In fact, with the extended lockdown of another 21 days, people will probably return home after 2 months by which time they would have nothing to do there as well as here in the cities. Another good report was done by the wire, the mainstream media has already left the station.

Ministry of Public Health

There was an article penned by Dr. Edmond Fernandes which he published last year. The low salary along with the complexities that Indian doctors are and may face in the near future are just mind-boggling.

The Loss

Losses have already started pouring in. Just today Air Deccan has ceased all its operations. I had loved Mr. Gopinath’s airline which was started in the early 2000’s. While I won’t bore you with the history, most of it can be seen from simplify Deccan . This I believe is just the start and it’s only after the few months after the lock-down has been lifted would we really know the true extent of losses everywhere. And the more lenghthier the lockdown, the more difficult it would be businesses to ramp back. People have already diagnosed at the very least 15-20 sectors of the economy which would be hit and another similar or more number of sectors which will have first and second-order of losses and ramp-downs. While some guesses are being made, many are wildly optimistic and many are wildly pessimistic, as shared we would only know the results when the lockdown is opened up.

Predictions for the future

While things are very much in the air, some predictions can be made or rationally deduced. For instance, investments made in automation and IT would remain and perhaps even accelerate a little. Logistics models would need to be re-worked and maybe, just maybe there would be talk and action in making local supply chains a bit more robust. Financing is going to be a huge issue for at least 6 months to a year. Infrastructure projects which require huge amount of cash upfront will either have to be re-worked or delayed, how they will affect projects like Pune Metro and other such projects only time will tell.

Raghuram Rajan

Raghuram Rajan was recently asked if he would come back and let bygones be bygones. Raghuram in his own roundabout way said no. He is right now with Chicago Booth doing the work that he always love. Why would he leave that and be right in the middle of the messes other people have made. He probably gets more money, more freedom and probably has a class full of potential future economists.

Immigration Control, Conferences and thought experiment

There are so many clueless people out there, who don’t know why it takes so long for any visa to be processed. From what little I know, it is to verify who you say you are and you have valid reason to enter the country. The people from home ministry verify credentials, as well as probably check with lists of known criminals and their networks world-wide. They probably have programs for such scenarios and are part and parcel of their everyday work. The same applies to immigration control at Airports. there has been a huge gap at immigration counters and the numbers of passengers who were flying internationally to and fro from India. While in India, we call them as Ministry of Home Affairs, in U.S. it’s Department of Homeland security, other countries using similar jargons.

Now even before this pandemic happened, the number of people who are supposed to do border control and check people was way less and there have been scenes of ‘Air rage’ especially in Indian airports after people came after a long-distance flight.

Now there are couple of thought experiments, just day before yesterday scientists discovered six new coronaviruses in bats and scientists in Iceland found 40 odd mutations of the virus on people. Now are countries going to ban people from Iceland as in time the icelandic people probably would have anti-bodies on all the forty odd mutations. Now if and when they come in contact onto others who have not, what would happen ? And this is not specifically about one space or ethnicity or whatever, microbes and viruses have been longer on earth than we have. In our greed we have made viruses resistant to antibiotics. While Mr. Trump says as he discovered it today, this has been known to the medical fraternity since tht 1950’s. CDC’s own chart shows it. We cannot live in fear of a virus, the only way we can beat it is by understanding it and using science. Jon Cohen shared some of the incredible ways science is looking to beat this thing

or as again an alternative to youtube –

https://www.invidio.us/watch?v=MPVG_n3w_vM

One of the most troubling question is how the differently-abled communities which don’t have media coverage at the best of times, haven’t had any media coverage at all during the pandemic. What are their stories and what they are experiencing ? How are they coping ? Are there anyways we could help each other ? By not having those stories, we perhaps have left them more vulnerable than we intend. And what does that speak about us, as people or as a community or a society ?

Silver Linings

While there is not a lot to be positive about, one interesting project I came about is openbreath.tech . This is an idea, venture started by IISER (Indian Institute of Science Education and Research) , IUCAA (Inter-University Centre for Astronomy and Astrophysics). They are collaborating with octogeneraian Capt (Retd) Rustom Barucha from Barucha Instrumentation and Control, besides IndoGenius, New Delhi, and King’s College, London. The first two institutes are from my home town, Pune. While I don’t know much of the specifics of this idea other than that there is an existing Barucha ventilator which they hope to open-source and make it easier for people to produce their own. While I have more questions than answers at this point, this is something hopefully to watch out for in the coming days and weeks.

The other jolly bit of good news has come from Punjab where after several decades, people in Northern Punjab are finally able to see the Himalayas or the Himalayan mountain range.

Dhauladhar range – Northern Punjab – Copyright – CNN.Com

There you have it, What I have covered is barely scratching the surface. As a large section of the media only focuses on one narrative, other stories and narratives are lost. Be safe, till later.

GMRT 2020 and lots of stories

First of all, congratulations to all those who got us 2022 Debconf, so we will finally have a debconf in India. There is of course, lot of work to be done between now and then. For those who would be looking forward to visit India and especially Kochi I would suggest you to hear this enriching tale –

I am sorry I used youtube link but it is too good a podcast not to be shared. Those who don’t want youtube can use the invidio.us link for the same as shared below.

https://www.invidio.us/watch?v=BvjgKuKmnQ4

I am sure there are lot more details, questions, answers etc. but would direct them gently to Praveen, Shruti, Balasankar and the rest who are from Kochi to answer if you have any questions about that history.

National Science Day, GMRT 2020

First, as always, we are and were grateful to both NCRA as well as GMRT for taking such good care of us. Even though Akshat was not around, probably getting engaged, a few of us were there. About 6-7 from the Mozilla Nasik while the rest representing the foss community. Here is a small picture which commentrates the event –

National Science Day, GMRT 2020

While there is and was a lot to share about the event. For e.g. Akshay had bought RPI- Zero as well as RPI-2 (Raspberry Pi’s ) and showed some things. He had also bought up a Debian stable live drive with persistence although the glare from the sun was too much that we couldn’t show it to clearly to students. This was also the case with RPI but still we shared what and how much we could. Maybe next year, we either ask them to have double screens or give us dark room so we can showcase things much better. We did try playing with contrast and all but it didn’t have much of an effect 😦 . Of course in another stall few students had used RPI’s as part of their projects so at times we did tell some of the newbies to go to those stalls and see and ask about those projects so they would have a much wider experience of things. The Mozilla people were pushing VR as well as Mozilla lite the browser for the mobile.

We also gossiped quite a bit. I shared about indicatelts , a third-party certificate extension although I dunno if I should file a wnpp about it or not. We didn’t have a good experience of when I had put an RFP (Request for Package) which was accepted for an extension which had similar functionality which we later come to know was sharing the sites people were using the extension to call home and share both the URL and the IP Address they were using it from. Sadly, didn’t leave a good taste in mouth 😦

Delhi Riots

One thing I have been disappointed with is the lack of general awareness about things especially in the youth. We have people who didn’t know that for e.g. in the Delhi riots which happened recently the law and order (Police) lies with Home Minister of India, Amit Shah. This is perhaps the only capital in the world which has its own Chief Minister but doesn’t have any say on its law and order. And this has been the case for last 70 years i.e. since independance. The closest I know so far is the UK but they too changed their tune in 2012. India and especially Delhi seems to be in a time-capsule which while being dysfunctional somehow is made to work. In many ways, it’s three body or a body split into three personalities which often makes governance a messy issue but that probably is a topic for another day. In fact, scroll had written a beautiful editorial that full statehood for Delhi was not only Arvind Kejriwal’s call (AAP) but also something that both BJP as well as Congress had asked in the past. In fact, nothing about the policing is in AAP’s power. All salaries, postings, transfers of police personnel everything is done by the Home Ministry, so if any blame has to be given it has to be given to the Home Ministry for the same.

American Capitalism and Ventilators

America had been having a history of high cost healthcare as can be seen in this edition of USA today from 2017 . The Affordable Care Act was signed as a law by President Obama in 2010 which Mr. Trump curtailed when he came into power couple of years back. An estimated 80,000 people died due to seasonal flu in 2018-19 . Similarly, anywhere between 24-63,000 have supposed to have died from Last October to February-March this year. Now if the richest country can’t take care of their population which is 1/3rd of the population of this country while at the same time United States has thrice the area that India has. This I am sharing as seasonal flu also strikes the elderly as well as young children more than adults. So in one senses, the vulnerable groups overlap although from some of the recent stats, for Covid-19 even those who are 20+ are also vulnerable but that’s another story altogether.

If you see the CDC graph of the seasonal flu it is clear that American health experts knew about it. One another common factor which joins both the seasonal flu and covid is both need ventilators for the most serious cases. So, in 2007 it was decided that the number of ventilators needed to be ramped up, they had approximately 62k ventilators at that point in time all over U.S. The U.S. in 2010, asked for bids and got bid from a small californian company called Newport Medic Instruments. The price of the ventilators was approximately INR 700000 at 2010 prices, while Newport said they would be able to mass-produce at INR 200000 at 2010 prices. The company got the order and they started designing the model which needed to be certified by FDA. By 2011, they got the product ready when a big company called Covidgen bought Newport Medic and shutdown the project. This was shared in a press release in 2012. The whole story was broken by New York Times again, just a few days ago which highlighted how America’s capitalism rough shod over public health and put people’s life unnecessarily in jeopardy. If those new-age ventilators would have been a reality then not just U.S. but India and many other countries would have bought the ventilators as every county has same/similar needs but are unable to pay the high cost which in many cases would be passed on to their citizens either as price of service, or by raising taxes or a mixture of both with public being none the wiser. Due to dearth of ventilators and specialized people to operate it and space, there is possibility that many countries including India may have to make tough choices like Italian doctors had to make as to who to give ventilator to and have the mental and emotional guilt which would be associated with the choices made.

Some science coverage about diseases in wire and other publications

Since Covid coverage broke out, the wire has been bringing various reports of India’s handling of various epidemics, mysteries, some solved, some still remaining unsolved due to lack of interest or funding or both. The Nipah virus has been amply discussed in the movie Virus (2019) which I shared in the last blog post and how easily it could have been similar to Italy in Kerala. Thankfully, only 24 people including a nurse succumbed to that outbreak as shared in the movie. I had shared about Kerala nurses professionalism when I was in hospital couple of years back. It’s no wonder that their understanding of hygeine and nursing procedures are a cut above the rest hence they are sought after not just in India but world-over including US and UK and the middle-east. Another study on respitory illness was bought to my attention by my friend Pavithran.

Possibility of extended lockdown in India

There was talk in the media of extended lockdown or better put an environment is being created so that an extended lockdown can be done. This is probably in part due to a mathematical model and its derivatives shared by two Indian-origin Cambridge scholars who predict that a minimum 49 days lockdown may be necessary to flatten the covid curve about a week back.

Predictions of the outcome of the current 21-day lockdown (Source: Rajesh Singh, R. Adhikari, Cambridge University)
Alternative lockdown strategies suggested by the Cambridge model (Source: Rajesh Singh, R. Adhikari, Cambridge University)

India caving to US pressure on Hydroxychloroquine

While there has been lot of speculation in U.S. about Hydroxychloroquine as the wonder cure, last night Mr. Trump threatened India in a response to a reporter that Mr. Modi has to say no for Hydroxychloroquine and there may be retaliations.

As shared before if youtube is not your cup you can see the same on invidio.us

https://www.invidio.us/watch?v=YP-ewgoJPLw

Now while there have been several instances in the past of U.S. trying to bully India, going all the way back to 1954. In fact, in recent memory, there were sanctions on India by US under Atal Bihari Vajpayee Government (BJP) 1998 but he didn’t buckle under the pressure and now we see our current PM taking down our own notification from a day ago and not just sharing Hydroxychloroquine but also Paracetemol to other countries so it would look as if India is sharing with other countries. Keep in mind, that India, Brazil haven’t seen eye to eye on trade agreements of late and Paracetemol prices have risen in India. The price rise has been because the API (Active Pharmaceutical Ingredients) for the same come from China where the supply chain will take time to be fixed and we would also have to open up, although should we, should we not is another question altogether. I talk about supply chains as lean supply chains were the talk since late 90’s when the Japanese introduced Just-in-time manufacturing which lead to lean supply chains as well as lot of outsourcing as consequence. Of course, the companies saved money but at the cost of flexibility and how this model was perhaps flawed was shared by a series of articles in Economist as early as 2004 when there were lot of shocks to that model and would be exaberated since then. There have been frequent shocks to these fragile ecosystem more since 2008 after the financial meltdown and this would put more companies out of business than ever before.

The MSME sector in India had already been severely impacted first by demonetization and then by the horrendous implementation of GST whose cries can be heard from all sectors. Also the frequent changing of GST taxes has made markets jumpy and investors unsure. With judgements such as retrospective taxes, AGR (Adjusted Gross Revenue) etc. it made not only the international investors scared, but also domestic investors. The flight of the capital has been noticeable. This I had shared before when Indian Government shared about LRS report which it hasn’t since then. In fact Outlook Business had an interesting article about it where incidentally it talked about localcircles, a community networking platform where you get to know of lot of things and whom I am also a member of.

At the very end I apologize for not sharing the blog post before but then I was feeling down but then I’m not the only one.

Covid 19 and the Indian response.

There have been lot of stories about Coronavirus and with it a lot of political blame-game has been happening. The first step that India took of a lockdown is and was a good step but without having a plan as to how especially the poor and the needy and especially the huge migrant population that India has (internal migration) be affected by it. A 2019 World Economic Forum shares the stats. as 139 million people. That is a huge amount of people and there are a variety of both push and pull factors which has displaced these huge number of people. While there have been attempts in the past and probably will continue in future they will be hampered unless we have trust-worthy data which is where there is lots that need to be done. In the recent few years, both the primary and secondary data has generated lot of controversies within India as well as abroad so no point in rehashing all of that. Even the definition of who is a ‘migrant’ needs to be well-established just as who is a ‘farmer’ . The simplest lucanae in the later is those who have land are known as ‘farmers’ but the tenant farmers and their wives are not added as farmers hence the true numbers are never known. Is this an India-specific problem or similar definition issues are there in the rest of the world I don’t know.

How our Policies fail to reach the poor and the vulnerable

The sad part is most policies in India are made in castles in the air . An interview by the wire shares the conundrum of those who are affected and the policies which are enacted for them (it’s a youtube video, sorry) –

If one with an open and fresh mind sees the interview it is clear that why there was a huge reverse migration from Indian cities to villages. The poor and marginalized has always seen the Indian state as an extortive force so it doesn’t make sense for them to be in the cities. The Prime Minister’s annoucement of food for 3 months was a clear indication for the migrant population that for 3 months they will have no work. Faced with such a scenario, the best option for them was to return to their native places. While videos of huge number of migrants were shown of Delhi, this was the scenario of most states and cities, including Pune, my own city . Another interesting point which was made is most of the policies will need the migrants to be back in the villages. Most of these are tied to the accounts which are opened in villages, so even if they want to have the benefits they will have to migrate to villages in order to use them. Of course, everybody in India knows how leaky the administration is. The late Shri Rajiv Gandhi had famously and infamously remarked once how leaky the Public Distribution system and such systems are. It’s only 10 paise out of rupee which reaches the poor. And he said this about 30 years ago. There have been numerous reports of both IPS (Indian Police Services) reforms and IAS (Indian Administrative Services) reforms over the years, many of the committee reports have been in public domain and in fact was part of the election manifesto of the ruling party in 2014 but no movement has happened on that part. The only thing which has happened is people from the ruling party have been appointed on various posts which is same as earlier governments.

I was discussing with a friend who is a contractor and builder about the construction labour issues which were pointed in the report and if it is true that many a times the migrant labour is not counted. While he shared a number of cases where he knew, a more recent case in public memory was when some labourers died while building Amanora mall which is perhaps one of largest malls in India. There were few accidents while constructing the mall. Apparently, the insurance money which should have gone to the migrant laborer was taken by somebody close to the developers who were building the mall. I have a friend in who lives in Jharkhand who is a labour officer. She has shared with me so many stories of how the labourers are exploited. Keep in mind she has been a labor officer appointed by the state and her salary is paid by the state. So she always has to maintain a balance of ensuring worker’s rights and the interests of the state, private entities etc. which are usually in cahoots with the state and it is possible that lot of times the State wins over the worker’s rights. Again, as a labour officer, she doesn’t have that much power and when she was new to the work, she was often frustrated but as she remarked few months back, she has started taking it easy (routinized) as anyways it wasn’t helping her in any good way. Also there have been plenty of cases of labor officers being murdered so its easier to understand why one tries to retain some sanity while doing their job.

The Indian response and the World Response

The Indian response has been the lockdown and very limited testing. We seem to be following the pattern of UK and U.S. which had been slow to respond and slow to testing. In the past Kerala showed the way but this time even that is not enough. At the end of the day we need to test, test and test just as shared by the WHO chairman. India is trying to create its own cheap test kits with ICMR approval, for e.g. a firm from my own city Pune MyLab has been given approval. We will know how good or bad they are only after they have been field-tested. For ventilators we have asked Mahindra and Mahindra even though there are companies like Allied Medical and others who have exported to EU and others which the Govt. is still taking time to think through. This is similar to how in UK some companies who are with the Govt. but who have no experience in making ventilators are been given orders while those who have experience and were exporting to Germany and other countries are not been given orders. The playbook is errily similar. In India, we don’t have the infrastructure for any new patients, period. Heck only a couple of states have done something proper for the anganwadi workers. In fact, last year there were massive strikes by anganwadi workers all over India but only NDTV showed a bit of it along with some of the news channels from South India. Most mainstream channels chose to ignore it.

On the world stage, some of the other countries and how they have responded perhaps need sharing. For e.g. I didn’t know that Cuba had so many doctors and the politics between it and Brazil. Or the interesting stats. shared by Andreas Backhaus which seems to show how distributed the issue (age-wise) is rather than just a few groups as has been told in Indian media. What was surprising for me is the 20-29 age group which has not been shared so much in the Indian media which is the bulk of our population. The HBR article also makes a few key points which I hope both the general public and policymakers both in India as well as elsewhere take note of.

What is worrying though that people can be infected twice or more as seems to be from Singapore or China and elsewhere. I have read enough of Robin Cook and Michael Crichton books to be aware that viruses can do whatever. They will over time mutate, how things will happen then is anybody’s guess. What I found interesting is the world economic forum article which hypothesis that it may be two viruses which got together as well as research paper from journal from poteome research which has recently been published. The biggest myth flying around is that summer will halt or kill the spread which even some of my friends have been victim of . While a part of me wants to believe them, a simple scientific fact has been viruses have probably been around us and evolved over time, just like we have. In fact, there have been cases of people dying due to common cold and other things. Viruses are so prevalent it’s unbelivable. What is and was interesting to note is that bat-borne viruses as well as pangolin viruses had been theorized and shared by Chinese researchers going all the way back to 90’s . The problem is even if we killed all the bats in the world, some other virus will take its place for sure. One of the ideas I had, dunno if it’s feasible or not that at least in places like Airports, we should have some sort of screenings and a labs working on virology. Of course, this will mean more expenses for flying passengers but for public health and safety maybe it would worth doing so. In any case, virologists should have a field day cataloging various viruses and would make it harder for viruses to spread as fast as this one has. The virus spread also showed a lack of leadership in most of our leaders who didn’t react fast enough. While one hopes people do learn from this, I am afraid the whole thing is far from over. These are unprecedented times and hope that all are maintaining social distancing and going out only when needed.

Indian Economy, NPR, NRC and Crowd Control Part – II

Protests and their history

A Happy New Year to all. While I would have loved to start on a better note, situations are the way they are. Before starting with the prickly process of NPR, NRC let me just focus on the protests themselves. Now protests either in India or abroad are not a new thing. While thinking on this, I found one of the modern, medieval recorded entries of protests to be in 12th century Paris, and just like most strikes, this one was for rights of liberty, freedom and price increase. The famous or infamous University of Paris strike 1229 , There have been so many strikes and protests worldwide which changed the world, in recent memory the protests against American involvement in Vietnam , The Montgomery bus boycott by Rosa Parks , the protests that I became aware in South Africa, UCT about Rhodes must fall movement . I would be forever grateful to Bernelle for sharing with us the protests that had happened the year before near the Sarah Bartman Hall. Closer home i.e. in India, we have had a rich history of protests especially during the Colonial period and the Indian Freedom movement, as well as afterwards, i.e. after india became free. Whether it was the Navnirman Andolan or the Great Bombay Textile Strike which actually led to industries moving out of Mumbai. My idea of sharing above strikes and protests has been that protests are not a new thing in India and have been part of India socio-political culture throughout its history. I am sure there were also protests during the medieval period but not going that far as it would not add value to the post currently. It may be a good idea to share about that in some other blog post perhaps.

The protests against NPR, NRC and CAA

So, let’s start with what these acronyms are and why people are protesting are against it . The first acronym is National Population Register (NPR) . Now while the Government says that NPR is nothing but the census which is done by GOI every year, there is a difference. There are few things which make it different from earlier years, those are, birth certificates, ‘date and birth of parents’ and ‘last place of residence’ . The problem starts and ends with these two points for NPR apart from biometric information which again has issues, both for rich and poor alike . Let me explain what is the problem therein, using my own use-case or history which probably can be multiplied by probably millions of people of my age and lesser and elder to me.

Now one could ask naively, what is wrong in birth certificates, in theory and today’s day and age, perhaps not, but everything has a context and a time and place. While I was born in Pune, in 1975, the Registration and Births Act had been recently passed in 1969. So neither the Municipal Corporation of that time was active and nor was that a statutory requirement in those times. To add to that, my mother had to go at least 10-15 times to the Municipal Corporation in order to secure my birth certificate even though there was no name. This brings to another issue, in those times, almost till date, the mortality rate of newborns have been high. While we have statistics of the last 20 odd years which do show some change, one can only guess what the infant mortality rates would have been in the 60’s and the 70’s . Apart from that, most deliveries happened at home with a mid-wife rather than in a nursing home. This is still the norm today in many cities and hinterland as well. Recently, there was news of 100 babies who died in Kota, Rajasthan. While earlier they were being given clean chits, it seems most neonatal units which should house only one child were housing three children. Hence the large number of deaths. Probably, most of the parents were poor and the administration while showing that each child was given a separate neonatal unit were put together. The corruption whether in Indian public or private hospitals deserves its own blog post. I had shared some of it in the blog post no country for women or doctors.

But that apart, in those days because babies died, many children didn’t get the name till s/he was of kinder-garden, school going age. In my situation was a bit more different and difficult as my parents had separated and there was possibility that my father may go for a custody battle which never happened. Now apart from proving my own identity even though I have all the papers, I might still need to procure more, I would need papers or documentation proving the relationship between mother and I . Now I can’t produce father because he is no more apart from his death certificate, with my mother, I would have to get and submit most probably a DNA test which is expensive to say the least. I know of some labs who also charge depending upon many genetic markers you are looking for, the more the better and costs go up like that. Now here itself two questions arise with the NPR itself.

a. How many children would have proper birth certificates, more so the ones who live either below poverty line or just above ? Many of them don’t have roof over their head or have temporary shelters, where would they have place to get and put such documents. Also, as many of them cannot either read or write, they are usually suspicious of Government papers (and with good reason) . Time and again, the Government of the day has promised one thing and done another. Mostly to do with property rights and exclusion. Why to go far, just a few days back Sonam wangchuck, the engineer, who shared his concerns about Ladakh and the fragile ecosystem of Ladakh in Himalayas due to unchecked ‘development’ as been promised by the Prime Minister bringing it par to Delhi. Sadly, many people do not know that Himalayas is the youngest geologically speaking while the oldest are in South Africa (thanks to Debconf for that bit of info. as well.) . While they celebrate the political freedom from Kashmir, they do have concerns as being with Kashmir, they enjoyed land rights and rights to admission to Indians and foreigners alike, this they have now lost. A region which is predominantly buddhist in nature is being introduced to sex tourism and massage parlours which are not needed. If possible, people should see Mr. Wangchuk’s talk on Ted talks or any of the work the gentleman has done but this is getting off-topic here.

b. What about people of my age or above me. Would all of us would become refugees in our own lands ? What about those who go from place to place for work ? What about Government servants themselves ? Those who work in Central Government, many of them have and are supposed to change places every 3-4 years. My grandfather (from mother’s side) toured all of India due to his job. My mother also got transferred a few times, although I stayed in Pune. This puts up questions which make it difficult for many to answer if they were to do it truthfully as nobody would have full papers. There are also no guarantees that just having the right papers would make it right. It is very much possible that the ‘babu’ or beareaucrat sitting at the other end would demand money. I am sure there was lot of black money generated during NRC in Assam. This would happen at NPR stage itself.

c. The third question is what would happen to those who are unable to prove their citizenship at the beginning itself. They probably would need to go to court of law. What happens to their job, property and life as it is. As it is, most businesses have a slack of 40-50%, this will become more pronounced. Would we be stateless citizens in our own land ?

NRC and CAA

Somehow, let’s say you managed to have yourself included in NPR, it doesn’t mean that you will be included in NRC or National Register of Citizens. For this, one may have to rinse and repeat. They may ask more invasive questions as never before. The possible exploitation of people by the state would be as never seen before. Most of the majority in India think of Germany and how it became an industrious house and they think, they became industrious because they persecuted Jews. In fact, I believe it was the opposite. As have shared before on the blog itself, numerous times, if the Jews had been part of Germany, Germany may have prospered many times over. If the Jews could make Israel so powerful, where would Germany would have been today ? Also not many people know about the Marshall Plan which perhaps laid the foundation of the European Union as we know today but that may be part of another blog post, another day. I would probably do a part III as there are still aspects of the whole issue which I haven’t touched upon. I might do it tomorrow or few days after. Till later.

Indian Economy, NPR, NRC and Crowd Control – Part 1

I dunno whether this would be a short or a long post but as the NPR, NRC seem to be deeply linked to how the Indian Economy is at the moment, I would say that the energy and the political capital the Government is putting into wrong things . Why I say that, I will attempt to use studies, data and newspaper reports to share what the issues are and where the Government should have been looking at and instead where it is using its energy and why it’s wrong.

State of Indian Economy

While it is by and large recognized by everyone that the Indian Economy is in slow-down or perhaps beginning a recession, a recent working paper by Arvind Subramaniam and Josh Felman who tell how the Indian economy is doing or not doing. While I’ll not go into many details as the paper itself is quite interesting, I would like to draw attention to couple of things .

While I have shared the working paper as well, one of the more interesting graphs I found in the paper is the one I am sharing below –

Difference between Interest and Profit

Now the sad and interesting part of that graph as shown above is that entrepreneurs, business houses etc. would be paying more to service debt rather than making profit. So, in essence, if an entrepreneur decided not to do any businesss today, he would be much better off than taking efforts, taking all the risks and still spend money out of his pocket to service debt instead of making profits. Of course the transmission of why lower interests given to banks are not reaching to the businessman have been more than effectively shared by the working paper so will not go into that. I have to commend Dr. Arvind and Mr. Josh for making the paper so simple so reading it even once or twice is enough to grasp the issues which threaten the Indian economy, this is when I have read and have been reading such papers about the Indian and International markets in my spare time.

There is another part however which hasn’t been really answered as the point being made in the working paper is that private banks are better than public sectors banks at either risk management or other things but there is no evidence shared which bears that out. One could argue, in fact the opposite. Private banking is much more opaque and there has been no discussion on how such banks are supposed to fill the needs of the millions of the customers and potential customers. The social welfare of banking that Public banking fulfills, how Private banking is supposed to do that is not told. India is still a very much an under-banked market. While Dr. Arvind and Mr. Josh have shared a bit about direct benefit transfers, they haven’t talked anything about the needs of the MSME sector or even how DBT would work in real life. As have been in Airtel Payment banks and others, most private banks have at one time or the other violated rules and norms. I am not going to get into great lengths but there are possibly about a dozen or two-dozen well-known scandals with private banks where people have lost money. The Great 2008 financial crash itself was made by private individuals, companies who were doing risky products and even after the crash, riskier derivative financial products seem to thrive in the American market. As far as regulatory bodies in India, such as the banking ombudsman or RBI is concerned, they seem to behave very similarly to SEBI and other regulatory bodies which doesn’t bode well for the Indian economy.

V.G. Siddhartha and CCD story

Apart from the working paper, there have been other things happening which don’t tell or paint a good picture of the Indian economy. For e.g. I am sure some of the readers may have remembered my blog post about V.G.Siddhartha . For those who might not know Mr. Siddhartha, the gentleman was the owner of CCD or Cafe Coffee Day. He committed suicide in July 2019. I, alongwith several thousand users, patrons, entrepreneurs who were encouraged by his vision and rise were saddened by the news of his demise. There is a fact or news which I hadn’t shared on the blog post around that time. The whole tax authorities issue which started was that some gentleman who claimed that he was working for CCD or Mr. Siddhartha was caught with some cash. Another fact is that both Coca-Cola, Barista and others were interested to take over CCD so it isn’t far-fetched to assume or presume that the person who was caught with cash might have been planted by his competitors. Also the amount of cash, apparently a few crores which were found in CCD offices was not at all commensurate with the scale of business the gentleman was doing at. In part, his suicide was made by the Tax Department’s heavy-handedness and that continues even today.

Government’s approach to Business

Over the past few months, there have been lot of negative views and how the Government of the day views businesses and businessman. A recent example would prove my point. Do you know for instance, the Ministry of Corporate affairs (MCA) removed almost 2 million directors and about 0.4 million companies due to not filing either their KYC forms or not filing the annual returns. In fact, this news item has been buried and only some people who are interested in knowing such news are able to dig it up. Now while the Government says these are all bogus and shell companies and in fact the FM (Finance Minister) shared the same in Lok Sabha (the lower house of the parliament) shared the numbers while also in the same breath sharing that there never has been a definition of what a ‘bogus’ or sham company is. With the cost of real-estate and other things going up, many such small companies are using co-working spaces. In fact, even quite a few medium to large business houses have used co-working spaces especially as the overheads are low. Also what has not been mentioned that the costs of compliance has gone up while the window of compliance has gone down and there are all sorts of inefficiences and corruption that small companies have to deal with than with large companies.This will severely impact as more entrepreneurs will think to remain as entrepreneurs or as partnerships rather than become private companies and eventually public companies which are needed for a big country like India to fulfill the country’s needs and requirements. Also less competition means more monopoly and more possibilities of more companies coming from overseas and taking advantage of less competition. The other part is when companies are known to be penny stocks which thrive on false or fake news, no action has been taken. While there are probably hundreds of examples in the Indian Stock market, a recent example shared by Sucheta Dalal is enough to prove the point. Her link to stock manipulated where she has documented at least 100 more cases and no action taken by SEBI is case in point.

Now as far as competition is concerned, there are probably hundreds of examples, for e.g. all electronics comes either from China, Taiwan, Singapore or States. Neither the GOI has any concrete plans for the sector and more often than not just make noises so they can be seen as doing something rather than doing actually something. For e.g. Mr. Piyush Goyal recently made a statement that we should not be dependant on imported electronic goods. Now there is nothing new in this statement, this same statement has been told and shared almost for a decade, decade and a half by almost all political parties but no effective strategies and finances have been put in place to make other people invest in India. In fact, I was talking to a dear friend few days back and we were talking about negative interests which is there in Japan and many European countries as well as ECB and low interest rates in States and why don’t they invest in India and we came to the conclusion that perhaps other avenues such as Bangladesh and others seem to provide a much more stabler economic, policy and political environment than the one we see in India where there are flip-flops every so often, case in point the GST flip-flops among many others.

Political Capital and Remedies

The last 10 odd pages of the working paper delve upon possible solutions of how the issues need to be tackled have been shared by Dr. Arvind. Most of the solutions and recipes as shared by him are not new at all. They have been often documented often enough. What this Government had in 2014 and even in 2019 is the political capital which could have been used to push the reforms or changes shared by him. He has also mentioned co-operative federalism and I should say the art of negotiation that Mr. Vajpayee had vis-a-vis our current dispensation which seems to lack imagination or depth of any kind. While Dr. Arvind has tried to end it on a positive note, that only can happen if the Government appears to engage with the opposition and try to find answers rather than doing the my way or highway attitude that the Government currently has. Part -2 will be more about the whole NPR, NRC issue and the agitations which are happening in that regard.

100 million Indians, no hope and future

What will happen when you have a 100 million Indians in the productive age of 14-40 are not working, neither looking for work, neither training or have any hopes that they will get any jobs. This is the India that most Indians are inheriting which has been shared in a recent Govt. report released about a month back.

The Report

If you look at the Report, it seems to be a humongous 600 pages + report but it has been buffed up by interspering the hindi translation within the report itself. Now, while I haven’t gone fully through the report the numbers themselves seem to be shocking. There are other numbers related to women participation in labor force which has plummetted which also is a huge cause for worry. It is estimated that the original numbers were 10 million who were disillussioned in 2010-2011 financial year for labor markets or job creation. Mind you, these are all Government figures. So what happened in the past 6-7 years to have such shocking numbers due to which you see divisive steps such as CAA (Citizen Amendment Act) being taken for which protests have been taken place across the country. I believe there are at least 6-7 major issues for which the present Government doesn’t seem to have time to fix and doesn’t even seem to have any ideas or seriousness as to how to fix them.

Demonetization

The first one right there is demonetization which the current Government fails to acknowledge as it mistake. While hindsight is always 20/20 while it didn’t do any of things promised to the citizens, it made sure that rural markets, startups and small businesses went out of business where most of the exchange happens by cash. Ironically just 2 years after demonetization, the amount of money in cash was more than before, which means those who generated black money were still in good business. In fact, as I have shared before, Dr. Arun Kumar who has done lot of work on black money and black economy, been part of 40 odd committees and did generate and use black money as he has confessed especially in real estate in early part of his career, has written two books recently on the topic –

Understanding the Black Economy and Black Money in India – An Enquiry into Causes, Consequences and Remedies – Dr. Arun Kumar , 6 Feb 2017

Demonetization and the Black Economy – Dr. Arun Kumar, 20th December 2017 – this one gives a far larger picture of how Demonetization failed to live upto its promises and what it didn’t take into account.

The Big Reverse: How Demonetization kicked India out : Meera Sanyal – 10th November 2018

There is nothing I can write that what these economists have written about it and in greater detail than anything else I would write hence would suggest you to go through them. I have given the amazon.in links you may use others. In fact, interestingly, just couple of days ago in a business channel, there was talk on commodity markets and one of the big jewellers had shared this on national media that due to Govt. imposition of high GST, there has been gold smuggling and people buying gold in black (i.e. without receipts) . FWIW, this was on CNBC TV 18.

Goods and Services Tax

About this I have covered in the last blog post so nothing much to reiterate here except link back. Although have to say GST is still hurting people, a lot. GST refunds is still an issue as shared by the finance minister. Although nowadays trusting any numbers including the PLFS numbers should be taken with a bucket of salt as the present Government attempts to always present a rosy picture rather than the real picture. So the numbers for people not looking for jobs as well as people whose refunds have not been given would probably be much more than what has been shared. With the Statistical Commission not having enough members of high quality and quantity how good the numbers are anybody’s guess as have shared before. And in fact, now whatever autonomy, the statistical commission had is also being eroded as can be seen in a draft bill. This will only lower India’s stature in global eyes.

Electoral Bonds

I don’t really have to say much in it except the reports by Nithin Sethi . While the Government has sought to placate the masses by its submissions in Rajya Sabha it hasn’t answered any of the questions raised by either Nithin Sethi or any of the findings by the RTI answers received by the Colonel. There is lot more to the story than still meets the eye, but probably this on some other day. This is apart from the fact that India is now funding lobbyists in U.S. so that Americans support India’s actions in Kashmir. This is after Americans found Indi actions baffling in Kashmir and Americans have lot of experience in enemy engagement.

Retrospective Tax

This is perhaps one of the things which I had shared in the last blog post as well. This is what has scared most potential international investors away. In fact, Bloomberg had shared a nice well-written article about the issue and also links to Mr. Harish Salve’s take who has been an unapologetic critic of the move by the then Congress Govt. which the BJP Govt. had promised to fix and since then has done nothing in that regard.

Rural demand and high agricultural prices and middleman

There has been no uptake in rural demand and there is no policy by the Govt to tackle this. Couple of months back the FM gave 1.45 lakh crore or $20 billion dollar tax bonanza to corporate houses which make a measly 3-4% of the total economy and are already swimming in cash, while the other 96% of the economy which actually oils the Indian market which is the small businesses, the farmers who are net loosers in the current regime. Even essential commodities prices have gone up both in retail and wholesale markets with almost all of the profits acruing to the middleman rather than the farmer or the agricultural labor . We are on the path of being England which imports all of its veggies. Last not but not the last exports have been down from India for straight fourth month.

Conclusion

Unless India fixes lot of structural issues for e.g. adherance to legal contracts or fast resolution in case of issues, don’t see India bouncing back anytime soon. Nobody from the other side even comments why economies of Bangladesh, Vietnam, China and even Cambodia are able to ramp up their economies even if the argument is ‘global slowdown’ . Some people have argued for cyclical slowdown but haven’t had any evidence to prove that other than conjecture.

Rape, aftermath, GST

While I do not usually like to start with bad news, but seems bad news is the flavor of the month. We seem to be going downhill one day after that. So let’s see what happened. First there is this piece which came in Washington Post and then there was the travel advisory for women travelling by their lonesome from UK and USA . It probably applies to women, even couples for sure . I am sure it was not an easy decision to come to but they had to as they as citizens come first for them. In between my last blog post and this, couple of more horrific things happened. The first thing we came to know is the burning of the Unnao rape victim which happened on Thursday i.e. 2 days from now when I am blogging. Apparently, she had gone to give her statement in a court hearing when the 5 people burned her. It does raise questions about the quality of protection being given to her. Just to be clear, there were no reports of any of the policeman coming to any harm which makes it all the most curious.

The second horrific incident were when the 4 accused in the Hyderabad rape case were ‘encountered‘ . Curiously in this case as well, except for some slight injuries to the policeman there were no injuries. This was when there were 10 policeman accosting the 4 accused. The 4 accused have supposed to taken away all the guns, how we don’t know and still didn’t manage to fire on one of them. It raises and raised too many unanswered questions. Because of these killings, we will never know the answers. What if it turned in investigation that these were not the culprits or there was a fifth or a sixth person who was not named. There was also lot of celebration of this ‘encounter’ which seems that we are still a medieval state rather than a 21st century state. Of course when you have majoritarian narratives such as ‘Hindu Khatre mein hain‘ driving election campaigns rather than anything else than all sorts of things are possible. This is when the country is going through its worst economic history, probably parallel to 1991 although that one was more externally driven while this was is more due to internal factors rather than externals.

GST

Apart from demonetization which was a huge disaster to the country, GST is perhaps one of the biggest badly implemented ideas in the country. Whereas, in other countries it is used as only as a single tax to be levied to the end-user stage, here it was put at very stage which instead of making it easier to use, made it much harder to use. While I had been numbed by seeing quite a few MSME units shutting down due to GST issues and mostly attributing to slow-down rather than blaming demonetization and GST, I was till surprised and shocked to find Reserved bit, a makerspace shutting down the end of the month. While Siddesh, Nisha had attributed a bit towards GST, they also shared they should have done more. While I have been to reserved-bit a few times and did find it engaging quite a bit, getting there was always an issue for me. The GST refund issue has been an eye-sore for everybody but neither the center or the state did anything for it, of course both being in BJP’s hands all this while, this is in my state Maharashtra, one of the more progressive states. The entire process of GST has been anal and had been in popular media for a while now but nobody seeks or shares any proper answers. Why, it even crashed last month and the month before that and before but nobody raises a voice.

The FM being as arrogant as ever. In such situations how startups are supposed to survive ? There were some reliefs given to start-ups but they were too small and still have a sting in their tale to be anywhere effective. Having retrospective taxes is another thing that people are afraid of and that is the reason you are not seeing people investing in new ventures. As it is, there is demand-slowdown or to put it perhaps more boldly perhaps, a demand recession while food inflation is at all-time high. While our FM wants to blame everything on externalities such as global slow-down but won’t answer as to why China is still growing faster than us without using questionable stats. which we are accused of. This is when they are 7 times larger than us in economy size and having a war with U.S. (economically) This is when conventional wisdom holds such that as you become a bigger economy your rate of growth decreases quite a lot as you need more economic muscle to move like for e.g. the United States or the Japanese . This is when they are far more efficient economies and have a larger tax-gdp ratio vis-a-vis compared to India. There is also the savings bit where India excelled which was wiped by demonetization and even now from the moves of Central Govt. savings are failing India which is and was one of the backbones of our economy.

For all their failings, people forget to honor Chidambaram and Manmohan Singh to make it easy to file Income Tax Returns. Of course the present regime has been making it more and more invasive but that’s story for another day. All in all a sad note to end the day on 😦