'Governance reforms are even more important than economic reforms'

Gurcharan Das, Author, Commentator, and Public Intellectual, spoke to Kailashnath Adhikari, MD, Governance Now, during the webcast of the Visionary Talk series

e4m by exchange4media Staff
Published: Sep 20, 2021 8:40 AM  | 5 min read
Gurcharan Das - Kailashnath Adhikari

In a freewheeling conversation with Kailashnath Adhikari, MD, Governance Now, Gurcharan Das, Author, Commentator and Public Intellectual has said that the notion of economic V shape recovery is an exaggeration and the informal economy and poor have been terribly hurt during Covid-19 period.

“V shape recovery is an exaggeration. The informal economy and very poor have been terribly hurt in the process (Covid-19 period). They will take longer to recover.”
Das was speaking during the webcast as part of the Visionary Talk series held by the public policy and governance analysis platform.

He however said despite the Covid-19 challenge, recovery is happening and once the growth starts happening all boats will be eventually lifted. In UPA 1, he said Rahul Gandhi would feel ashamed of jobless growth. But when the figures came out they showed actually wages had gone up during the high growth period between 2003-2011 or so for all types of people - urban, rural, formal, informal, unionized or non-unionized. “If you have jobless growth, wages don’t go up. These slogans are not fair because then people lose confidence in growth and market. Instead, we need to sell reforms to the people” he said adding “I don’t believe in the rhetoric of jobless growth. You can have labor-intensive growth.”

Das said during his discussions with PM, Narendra Modi, he said why his (Modi’s) government should do reforms stealthily at night. People, he said, believe that reforms make the rich, richer, and poor poorer.

“Blame goes right back to the time when reforms took place during Narasimha Rao govt and all the fine people at that time- Manmohan Singh, Montek Singh Ahluwalia who should have been selling reforms every night telling people about reforms, their meaning that competition lowers costs and prices and improves the quality of products …. and people don’t even know the difference between pro-market and pro-business. In fact, Licence Raj was pro-business as people cornered licenses those days. No businessman likes competition. But that is what the liberal economy is” he said.

On being asked how the govt will achieve its target of USD 5 Trillion economy for India, he said the government needs to focus and emphasize on reforms and growth consistently. India needs to get back its growth and return back to the 7% growth momentum witnessed between 2000 to pre- 2020. He added that the time target for achieving a 5 trillion dollar economy may not be achieved and the fundamentals and demographics of India are still right.

He said that UPA 2 missed the great opportunities it had but this govt despite demonetization and other setbacks has commendably done significant reforms and so far not backtracked on agricultural reforms.

Speaking further on reforms, Das said that reforms should be executed and not merely for policy announcements. “ .. they should be intelligently executed and not allowed to get into the hand of bureaucrats. PM Modi has tremendous faith in bureaucracy but most bureaucrats are not trained and behave like district magistrates. We make them regulators of our enterprises, heads of PSU’s with a nice cushy job and then they fail. What training do they have to run an economic enterprise? We have very few successful regulators. It will take a lot of effort for Mr. Modi.”

He added that 20% of bureaucrats are keeping the country afloat when 80% are the biggest obstacles for reforms. On being further asked how to ensure that policies are actually implemented, the public intellectual gave the example of Mumbai Municipal Commissioner, Iqbal Singh Chahal who he said saved thousands of lives through his inspired leadership during Covid. He also praised former district collector, Nandurbar, Rajendra Bharud for setting up inhouse oxygen plants in anticipation of 2nd wave in addition to setting up preemptive infrastructure in the tribal district. “The stories of these heroes hide failures of institutions. You shouldn’t have to have heroes in good nations when institutions should quietly do their jobs” he said.

While responding to a question on PM Narendra Modi’s of minimum government, maximum governance, and its importance in the Indian context he said governance reforms are even more imp than economic reforms, and the inability of the state to deliver to ordinary people what they expect is very discouraging and sad.

India is a story of private success and public failure; private success after 1991 reforms and public failure because we have not done governance reforms he said. 1 out of 4 parliamentarians have criminal records he said giving the example of the judiciary saying that an average man is questioning why should it take judiciary 15 years to settle his case when half his adult life is over. With 4 crore pending cases in lower judiciary, lakhs of undertrials are languishing in jails when their cases are not even been heard and their terms are already over, he said.

Further speaking about anomalies Das said that a bureaucrat who works 14 hours a day and does tremendous work keeping the state afloat gets promoted on the same day as his batchmate who works only 2 hours a day and time passer. “The reality of state capacity is a big problem when we should be continuously working on improving the capacity of the state. Bureaucracy below the district magistrate is very mediocre and callous. Unlike China which is a top-down success, India is a bottom-up success. It has been a weak state and a strong society, unlike China, which has been a strong state and weak society. The fact is you need both.”

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Dr Ved Pratap Vaidik's death is a big loss to journalism: Alok Mehta

Mehta, former President Editors Guild Of India, expressed his condolences over the demise of Dr Vaidik whose contributions to Hindi journalism are unmatched

By exchange4media Staff | Mar 14, 2023 3:34 PM   |   1 min read

Alok Mehta

Dr Ved Pratap Vaidik, a well-known political analyst and freelance columnist, passed away at the age of 78. Dr Vaidik was associated with the Press Trust of India as the founder-editor of its Hindi news agency "Bhasha."

Padma Shri Alok Mehta, former President Editors Guild Of India, expressed his condolences over the demise of the veteran journalist: "It is very sad to hear about the sudden death of Dr Ved Pratap Vaidik. He was a great journalist and a great writer on national and international affairs. Above all, he was a very kind person who upheld human values and deeply believed in our social values as a country.

He has contributed to Hindi Journalism in a big way and was the President of the Bharatiya Bhasha Sammelan. Despite being entrenched in Hindi, he had no bias for the English Language, and he wrote a book too in English. He has given lectures across continents and had a personal relationship with almost all of our prime ministers despite being a socialist at heart. His death is a big loss to journalism."

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Senior journalist Ved Pratap Vaidik no more

The political analyst was the Founder-Editor of PTI’s Hindi news agency Bhasha

By exchange4media Staff | Mar 14, 2023 11:58 AM   |   1 min read

Ved

Veteran journalist Ved Pratap Vaidik has passed away. He was 78.

He was a political analyst and freelance columnist. Vaidik was associated with the Press Trust of India as the founder-editor of its Hindi news agency "Bhasha".

He was earlier Editor (views) at Navbharat Times of the Times Group.

Vaidik was currently Chairman of Bhartiya Bhasha Sammelan and the Council for Indian Foreign Policy.

His columns were published in over 200 newspapers.

While doing research on Afghan Foreign Policy, Vaidik enrolled into Columbia University. He has also studied at School of Oriental and African Studies, London and Institute of the Peoples of Asia, Moscow.

An expert on international affairs, Vaidik had rubbed shoulders with various world political leaders and thinkers.

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Dr Praveer Sinha to be part of enba jury panel

Sinha is the CEO & MD of The Tata Power Company Limited

By exchange4media Staff | Mar 14, 2023 8:18 AM   |   2 min read

Praveen Sinha

Dr Praveer Sinha, CEO & MD of The Tata Power Company Limited, India’s largest integrated power company, has joined the exchange4media News Broadcasting Awards (ENBA) jury panel. With a rich experience of nearly 36 years, Dr Sinha has expertise in Power Generation and Distribution sector in India.

Dr Sinha previously served as the CEO & MD of Tata Power Delhi Distribution Limited (TPDDL), a Public Private Partnership with the Delhi Government. He is also the Co-Chairman of the CII National Committee on Power as also on various Industry bodies.

Dr Sinha is a qualified Electrical Engineer and has done Master’s in Business Law from National Law University, Bangalore and has also completed his PhD. from Indian Institute of Technology, Delhi. He is a visiting Research Associate at Massachusetts Institute of Technology (MIT), Boston, USA and is also a distinguished Visiting Scholar at the Faculty of Engineering and Architectural Science, Ryerson University, Canada.

ENBA was formulated by the exchange4media Group in 2008 with the objective of recognizing the best in television news, and to reward industry leaders who are responsible for shaping the future of television broadcasting in India. This year, ENBA is in its 15th edition and the jury will be led by Sunil Arora, a senior bureaucrat and former Election Commissioner of India.

In the last editions, the ENBA jury was led by Harivansh Narayan Singh – Deputy Chairman, Rajya Sabha, Dr Kiran Karnik – Former President – Nasscom, Dr Nasim Zaidi - Former Chief Election Commissioner of India, SY Quraishi – Former Chief Election Commissioner of India, N Ram – Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers, Sanjay Gupta – Managing Director – Star India.

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Varanium Cloud to acquire shares from Fastway Transmissions

The acquisition will be worth Rs 2,683 crore

By exchange4media Staff | Mar 4, 2023 6:25 PM   |   1 min read

Varanium

Varanium Cloud Ltd. will be acquiring up to 14,53,44,256 equity shares with a face of Rs 10 each from Fastway Transmissions Private Limited. The total purchase consideration will amount to Rs 2,683 crore.

As per the company, the consideration payable shall be discharged by way of consideration in cash, the company's statement said.

The acquisition will be subject to execution of the Share Purchase Agreement and other related definitive documents.

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Devraj Sanyal elevated to Chairman and CEO of Universal Music India & South Asia

He has also taken on the additional role of SVP, Strategy for Asia Pacific, Middle East and Africa

By exchange4media Staff | Mar 2, 2023 10:11 AM   |   1 min read

Devraj sanyal

Devraj Sanyal has been elevated to Chairman and CEO of Universal Music India & South Asia. Prior to this, Sanyal was the MD & CEO of Universal Music India and South Asia, based in Mumbai. He has also taken on the additional role of SVP strategy for The AMEA (Asia Pacific, Middle East and Africa).

He has been associated with Universal Music India since 2011. Prior to that, he was Group CEO of Percept Sports & Entertainment, which includes music, events, television & intellectual properties, branded content & entertainment and talent management divisions. Sanyal also co-founded the prominent Asian electronic music festival, Sunburn, with Percept Ltd.

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MLA Ashish Shelar on ENBA jury panel

Shelar is currently serving as the Bhartiya Janata Party Mumbai president

By exchange4media Staff | Feb 27, 2023 2:39 PM   |   1 min read

shelar

Ashish Shelar, Member of the Legislative Assembly of Maharashtra, joins the ENBA jury panel.

Shelar is currently serving as the Bhartiya Janata Party Mumbai president. An active sports administrator, he has held several prestigious positions like Vice President of the Mumbai Cricket Association and Vice President of the Rajasthan Sports Club.

He has been the Mumbai Secretary for the Akhil Bhartiya Vidyarthi Parishad (ABVP).

The ENBA jury this year will be led by Sunil Arora, a senior bureaucrat, and former Election Commissioner of India.

In the last editions, the ENBA jury was led by Sh. Harivansh Narayan Singh – Deputy Chairman, Rajya Sabha, Dr. Kiran Karnik – Former President – Nasscom, Dr. Nasim Zaidi - Former Chief Election Commissioner of India, S.Y. Quraishi – Former Chief Election Commissioner of India, N. Ram – Chairman, Kasturi & Sons Ltd., Former Editor–in-chief The Hindu and Group Newspapers, Sanjay Gupta – Managing Director – Star India.

exchange4media formulated enba in 2008 with the objective of recognizing the best in television news, and to reward industry leaders who are responsible for shaping the future of television broadcasting in India.

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Internet growth declined in India in FY22: TRAI

The Internet subscriber base in FY22 stood at 824.8 million, compared to 825.3 million as on 31 March 2021, says TRAI report

By exchange4media Staff | Feb 24, 2023 8:42 AM   |   2 min read

Internet users

India boasts of having the world's second-largest mobile phone market with more than a billion users. Yet, internet growth in the country appears to have declined over the past year. 

According to the latest TRAI annual report, the internet subscriber base, as on 31st March 2022, stood at 824.8 million, compared to 825.3 million as on 31 March 2021. 

This means nearly 0.5 million (5 lakh subscribers) have fallen off the internet between 2021-22, a year which was marked by covid-19 pandemic and lockdown resulting in massive job losses. 

The degrowth was recorded in both broadband and narrowband segments. The narrowband decline was gradual throughout FY22. But in the case of broadband, March 22 quarter was particularly bad as the number of internet subscribers fell from 792 million to 788.2 million.

This degrowth is remarkable especially since India is gearing up to welcome 5G. 

The overall telecom subscriber base registered a decrease of 34.27 million subscribers in this period; from 1201.20 million in FY21 to 1166.93 million in FY22, the TRAI report says. 

The wireless subscriber base, people who access the internet via mobile phone, was 1142.09 million at the end of 31 March, 2022 in comparison to 1180.96 million a year ago, registering a decrease of 38.87 million subscribers during the financial year 2021-22.

Smartphones are the main gateway to go online - and this is where growth is flattening. India Smartphone Market Declined by 10% in 2022 to 144 Million Units, according to the International Data Corporation ’s (IDC) Worldwide Quarterly Mobile Phone Tracker. This is the lowest figure since 2019, with a 10% decline YoY (year-over-year). 

The last quarter was particularly bad when shipments declined 27% YoY to 30 million units. Steep rise in the cost of mobile phones due to inflation is being blamed for the dwindling demand. 

“The ASP (average selling price) hit a record US$224, rising 18% YoY in 2022. The entry-level segment (sub-US$150) shrank to 46% of the market, down from 54% a year ago. The dearth of new launches in this critical mass segment was a barrier for new smartphone users, thus limiting the overall market’s growth,” Upasana Joshi, Research Manager, Client Devices, IDC India, said in a statement. 

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