The right priorities
The government has a great deal on its plate—from bad loans to dip in GDP growth data. It must set its priorities in order, and dabbling in dangerous populism is not the way to go about it
Earlier this week, home minister Rajnath Singh stated that the government would not interfere in anyone’s choice of food. He was echoing fellow minister M. Venkaiah Naidu who had said much the same recently. This would, perhaps, have confused the protestors in Aizawl Singh was attempting to placate. After all, the central government had shown via its ban on the sale of cattle for slaughter in animal markets, and numerous other ways, that it was attempting to do precisely what the home minister said it wasn’t.
Meanwhile, finance minister Arun Jaitley made it clear that the centre had no intention of sharing the burden of various states’ ruinous farm loan waivers. That was a smart move—except that it was Prime Minister Narendra Modi who kickstarted the waiver fiasco on the campaign trail in Uttar Pradesh.
The government has a great deal on its plate, from the bad loans problem to the dip in the latest growth figures. It must set its priorities in order. Dabbling in dangerous populism is not the way to go about it.
Editor's Picks »
- Independence Day special: What financial freedom means to these 9 people
- Bitcoin, Ether prices sink as selloff in crypto-currencies continues
- WhatsApp not released yet on JioPhone; Facebook, YouTube and Google Maps supported starting today
- Kerala floods: Kochi airport shut till Saturday as rain misery returns
- PM Modi focuses on development for all in I-Day speech
- BofA-ML survey: Short EM equity second most crowded trade
- GST-led shift from informal to formal sector happening, but at a snail’s pace
- Uncertain earnings for agricultural input firms despite bountiful rains
- PVR pays a premium for south
- Tata Steel’s Q1 supports India push but investors enquire at what cost