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Economic Highlights
Israel-Hamas War: HOW THE WORLD REACTS, By Dr D.K. Giri, 20 October 2023 |
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Round The World
New Delhi, 20 October
2023
Israel-Hamas War
HOW THE WORLD REACTS
By Dr D.K. Giri
(Secretary General, Assn for
Democratic Socialism)
The Israel-Hamas war is escalating every hour causing
pathetic loss of lives, property and resources. The bombing of a hospital on
Tuesday last, that wiped out 500 or so lives has shaken the conscience of the
world. Both sides are blaming each other for this human catastrophe. Hamas
claimed that IDF -Israel Defence Forces – has bombed the hospital whereas
Israel asserts it is one of Hamas rockets that fell on the hospital by
accident. Palestine sympathisers say the
western press supporting Israel is manipulating the news coverage, putting out pro-Israel
news and clips. To be sure, the truth will come out sooner than later.
Be that as it may, there are threats by other countries
like Iran to jump into the fray through their mercenaries, Hezbollah’s unless
Israel stops bombing. A few calls for ceasefire are also made but not heeded by
either of the warring parties. Political debates and protest demonstrations in
favour of both Israel and Palestine are staged across the world. Heated
arguments in social media are raging on up and down our country. Let us engage
with them.
What is missing in such discussion so far is the impact of
Israel-Palestine war on Indian politics mainly the national elections next year,
should the war continue in some form or the other until then!Let us pontificate
on it. Unlike previous conflicts between Israel and Palestine, or to be
precise, Hezbollah and Hamas, there were no fierce moral arguments over who is
right or wrong; whether proportionality of retaliation has to be acceptable
etc.
Furthermore, the situation has become complex this time
around as both Israel, namely IDF and Hamas (Palestinians) are perceived to be
both victims and perpetrators at the same time. Hence the reactions from
countries – world powers, allies, friends, and onlookers have to be carefully
thought out and assessed.
In any conflict or war, there have been mainly two kinds of
reactions as the world has been divided into two camps since the Second World
War. Arguably, the power equation has changed after the disintegration of the
Soviet Union in 1992. Some would say it has been a ‘unipolar’ world since. It is
America and its allies –Europe and NATO – calling the shots.
Even if it has been largely the case, China emerging as the
second largest economy has begun to flex its muscles, in a quest (mainly of Xi
Jinping) for world supremacy. It seeks to provide an alternative to western
model of world politics. China calling a conclave at the time of writing
(17&18 October) of about 130 countries in the wake of Israel-Hamas war
testifies the foregoing assumption. That is, China is strategising to assume
the role of a world leader.
Again, the world seems to be increasingly divided into two
blocs; one led by USA and the other by China, Russia tacking on behind the
latter. Admittedly, this scenario does not yet exist in its fullness as China
has not been able to blow the bugle. Whether it can do so despite Jinping’s
irresistible irredentism is a matter of reality-check.
Yet another group of countries especially of the former
Non-Alignment bloc push for a multilateral order with a new strategy of
multi-alignment. They bid for reviving the Global South as another axis of
world politics. I have argued more often than not that the idea is untenable,
not endorsed by history. Reiterating the voice of Global South on the world
table is understandable and advisable. But creating a third force in the form
of Global South is a far cry when the politics is driven by the measure of
security.
Having put the countries into three blocs although two of
them – one China-led another largely India-led – are inchoate formations, let
us look at their reactions to the Israel-Hamas war. America and its allies have
clearly sided with Israel in the face of the terrorist attacks by Hamas. They
support Palestinian civilians on humanitarian grounds. The European Union has
not stopped the aid to Palestine. At the same time, the US President has
requested a sanction of 100 billion USD from the Congress to support Israel and
Ukraine.
China and Russia refused to condemn Hamas’ terrorism while
asking for a peaceful settlement of the two-nation solution. Other countries of
Global South have made neutral statements calling against civilian casualties
and for ceasefire etc.
How has India responded? India’s prompt reactions came from
the Prime Minister himself in his tweets as he declared New Delhi’s support for
Israel against the Hamas’ terrorism. It was quite different from the neutral
postures New Delhi has been taking in Ukrainian war. It is rightly so at least on
two counts. First, India is consistently and steadfastly opposed to terrorism
as a means to resolution of differences or conflicts. Second, Israel is a
reliable friend of India, more than any country at present. It has also been
historically proved on two critical occasions, 1962 war with China and Kargil
war with Pakistan in 1999. However, New Delhi soon nuanced its response by
reiterating its long-standing position on Palestine becoming an independent and
sovereign state.
Normatively, foreign policy of any country is run on
consensus. But in democracies, there is room for diverse perspectives. The
Opposition parties in India mainly the Communist and Congress seem to have
sided with Palestine. That has been the stand of the Congress for long time,
the Communist go for any event that is against the US and its allies and
supports Chinese position. Congress support for Palestine has been attributed
to the so-called vote bank politics, seeking the Muslim votes. That may not be
entirely true.
But the moot point one should raise is who provoked this
war? The Hamas attack evokes the horror of the holocaust. The Palestine has a
just cause. The whole world should support it. There must be a détente between
Israel and Palestine. But can we endorse terrorism as a method? Some would
argue that Israeli state (IDF) has equally been a terrorist state. Let us have a
conversation on whether Israel has the right to defend itself, or as the
argument goes, it has unleashed terrorism on Palestine. How do we define
terrorism? Israel is a democratic state, has a government constituted on the
basis of elections.
On the impact on Indian politics, the Congress party seems
to have misplaced its reactions. It should have supported Israel when it faced
terrorist attacks. Indians would not condone terrorism as they have been its
victimfor years on end from across the border. We should be focussing on the
cause of the war not just the consequences. In any case, the bloodshed must
stop, so should the Hezbollah’s and Hamas and their ilk elsewhere. ---INFA
(Copyright, India News & Feature
Alliance)
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TIMELY REMINDER ON POLL REFORMS, By Inder Jit, 19 October 2023 |
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REWIND
New Delhi, 19 October
2023
TIMELY REMINDER ON
POLL REFORMS
By Inder Jit
(Released on 10
November 1987)
Top Opposition leaders deserve a
hand, thanks to a thoughtful initiative by the Chief Minister of Andhra
Pradesh, Mr N.T. Rama Rao. They have jointly directed the country’s attention
once again to electoral reforms, a matter which merits greater importance today
than ever before. The threat to our democracy from money power has greatly
multiplied. Something will need to be done before long if our system is not to
go under. Successive Governments at the Centre have been promising poll reforms
over the past two decades, but with little result. Mr Rajiv Gandhi raised great
expectations by his Government’s first major policy pronouncement through the
President’s address to Parliament on January 17, 1985. The President then
declared: “Government are committed to a clean public life. They intend to
initiate wide-ranging discussions on electoral reforms with the Opposition
parties.” Not long thereafter, the Government enacted the anti-defection law.
However, nothing else has come thereafter.
Fortunately for the country, others
stepped in where the Government failed. The Rajaji Institute of Public Affairs and
Administration organised seminars on electoral reforms early in 1986 first at
Madras, then at Bombay and finally at Delhi. The seminar at Delhi was presided
over by the Speaker of the Lok Sabha, Mr Bal Ram Jakhar, inaugurated by the
then Union Law Minister, Mr A.K. Sen, and chaired by Mr C. Subramaniam, former
Union Minister who is Vice-President of the Institute. Importantly, the seminar
was attended by Mr S.L. Shakdher, former Chief Election Commissioner who was
then Director of the Institute, and the present Chief Election Commissioner, Mr
R.V.S. Peri Sastri. Also present among the select group were Mr L.P. Singh,
former Governor of the North-East Region, leading MPs, constitutional experts,
academicians and editors. The BJP President, Mr L.K. Advani, spoke for most of
us present as he declared: I hope this seminar on electoral reforms succeeds in
goading the Government to fulfil its promise made fifteen months earlier!
Understandably, the seminar largely
covered familiar ground. There is hardly an aspect of electoral reforms which
has not been considered or advocated during the past decade and more. Nonetheless,
the seminar served a useful purpose on at least two counts. First, a consensus
was reached on some minimum electoral reforms which need to be put through
immediately. The Law Minister, Mr Sen, himself agreed to some of the
suggestions. What is more, he informed the seminar that he had submitted “a
long memorandum” on the subject to the Prime Minister. Second, the seminar
spotlighted a new threat to the independence of the Election Commission and the
future of our young democracy --- a threat which regrettably had thus far not
been taken up by our Parliamentarians. On February 25 last year, the former
Chief Election Commissioner, Mr R.K. Trivedi, was appointed the Governor of
Gujarat. Mr Trivedi had reason to rejoice as the first CEC
to be awarded gubernatorial honours. But appointment flew in the face of vital
democratic conventions.
The Law Minister had unfortunately
to leave the seminar by the time it agreed that the independence of the
Election Commission should be ensured. It would have been interesting to get
his response to Mr Trivedi’s appointment as Governor. (Circles close to Mr Sen
indicated at the time that the appointment came to him as a surprise!) However,
Mr Sen was one with the rest of the seminar in introducing two reforms
straightaway. He expressed himself strongly in favour of giving every voter an
identity card with a photograph to fight the evil of impersonation. The
indelible ink was not any great help as it could “be rubbed off in no time”.
Importantly, he also expressed himself in favour of electronic voting machines
in the interest both of economy and of fighting the growing menace of booth
capturing. The cost, he said, would not be too high. The chances of error were
minimal. He also felt that electoral officers needed to be given magisterial
powers to deal with increasing poll violence even though this evil was prevalent
only in a few States such as Bihar and Haryana.
The seminar also agreed on the need
for Government funding of elections, as in West Germany and many other
countries. Opinion was, however, divided on the extent of funding -- part or
whole. Mr Sen ruled out total funding in an informal talk with me later but he
was one with the present Chief Election Commissioner, Mr Peri Sastri, in
funding political parties in kind. Some participants favoured a reform of the
political parties and adoption of some device through which the nexus between
black money and elections could be broken. Many felt that this could be
achieved by getting parties to maintain proper accounts and providing for
compulsory audit. But I took the opportunity to press for a law for political
parties, as in West Germany. This law proceeds on the basis that political
parties must function democratically if they are to operate the democratic
system properly. The law provides for the registration of parties and also financial
accountability to the people. The suggestion was welcomed. However, some MPs
felt it needed to be given greater thought.
NTR has now picked up the thread
where it was left by the seminar. Last month, he convened a meeting of
political parties, intellectuals, experts and editors at the State and national
levels and helped evolve a consensus on comprehensive electoral reforms. (The
Congress-I was represented at the State level). However, it stayed away at the
national level.) Most of the recommendations are along familiar lines. But the principal thrust is now on State funding of
elections to eliminate what NTR rightly described as “the great plague of money
power”. Prominent among the other proposals are: (a) Appointment of the
Election Commission by the President in consultation with the Chief Justice of
India, the Prime Minister and the Leader of the Opposition and not only by the
Government of day; (b) reduction of voting age from 21 years to 18 years; (c)
equal treatment of all recognised political parties for the allocation of time
on AIR and Doordarshan; (d) strict enforcement of the code of conduct for electioneering;
(e) access of all recognised parties to the use of official planes etc. on
payment of prescribed charges; and (f) simultaneous elections to Parliament and
the State Assemblies.
Not only that. NTR went one stage
further to leave the two conclaves in no doubt that he means business. He
announced his decision to go ahead with state funding of polls in elections to
a11 local bodies and to bring forward suitable legislation without waiting for
the Union Government's initiative. The Legislation would provide inter alia
exclusive State funding of elections to local bodies like Mandala Praja
Parishads, Zila Parishads, Municipal Corporations and Municipalities etc. and
would be in the nature of a model bill. The Chief Minister clarified his ideas
to State funding of civic elections in an informative booklet entitled:
Electoral Reforms Relating to State Funding of Local Body Elections in Andhra
Pradesh. Exclusive state funding of elections is proposed only in respect of
candidates who secure at least 1/6th of the total valid votes polled at an
election in a given constituency. Others in the elections fray will have to
meet their own expenses. Advances are also proposed to be given to political
parties. But these would require to be refunded in constituencies where a party
failed to secure the minimum prescribed votes.
Importantly, State
funding of elections was specifically recommended by the Election Commission’s
Report on the General Elections to the Lok Sabha, 1980, and the Legislative
Assemblies, 1979-80. Mr Shakdher, who was then the Chief Election Commissioner,
said in the report: “The Commission is of the view that there should be an
election fund from which amounts could be drawn as and when required under
orders of the Election Commission for the following purposes: (1) Revision of
electoral rolls; (2) Conduct of elections; (3) Shortage of election materials
and records; (4) Payment of subvention to political parties; and (5) Issue of
photographed identity cards.” The Commission also went into the size of the
fund and proposed that “the fund should initially be of the order of Rs 100
crores for a period of five years. The share of the Central Government on the
one hand and various State Governments and Union Territory Administrations on
the other may be on 50:50 basis. The Central Government and State Governments
each may contribute Rs 10 crores every year so that over a period of five years
the proposed fund of Rs 100 crores may be made up.”
True, prices have shot up since 1980.
But it should not be difficult to implement Mr Shakdher’s idea by doubling the
figure of Rs 100 crores to Rs 200 crores. True also, the amount seems big when
you look at the resources crunch against the backdrop of the unprecedented
drought. But it should not be impossible to find this money if one realises
that Doordarshan is reported to have been given Rs 200 crores for providing
live telecast of the World Cup Cricket series. (Not many remember that Mr C.M.
Stephens as a top Congress-I leader eloquently pressed for State funding of the
polls during the Janata rule!) Personally, I am clear that eliminating the evil
of money power from the polls is tackling only half the malady. The other half
is elimination of the evil of money power from the functioning of political
parties, which are today more in the nature of private limited companies. However,
the important thing is to make a beginning. Mr Rajiv Gandhi should respond
positively to the timely reminder by NTR and other Opposition leaders and start
the long-promised dialogue for poll reforms. --- INFA
(Copyright, India News and Feature
Alliance)
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Numbers That Don’t Add Up, By Rajiv Gupta, 18 October 2023 |
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Spotlight
New Delhi, 18
October 2023
Numbers That Don’t Add Up
By Rajiv Gupta
The number system is one of the moreremarkable
inventions of humans. I find numbers very fascinating as the basic rules of the
number system are simple and yet robust. If we have a group of numbers, say 2,
3 and 4, it doesn’t matter in what order we add them, i.e., 2 and 3 first and
then 4, or in any other order, the result is still the same. Today this seems
trivial to mention this, but it would have taken tremendous intellect to come
up with such a system. Although the number system is wonderful and useful, we sometimes
use numbers in a manner that was probably not intended by those that created the
number system.In doing so we get ambiguous and unclear outcomes. Let me explain.
The simplest type of numbers is those that are used
for counting. For example, how many apples in a basket. We can perform simple
mathematical operations on these numbers. But we also use numbers to rate and
rank people and objects. A gymnast gets rated by a panel of judges on a scale
of 1 to 10. How do we interpret the ratings? If one gymnast is rated an 8,
while another is rated a 4, is the first gymnast twice as good as the second? The
numbers used in rating cannot be used in the same way as simple numbers. The
rating value is an opinion of the judge converted into a numerical scale to
which normal number system rules do not apply.
Moreover, the same gymnast may get rated differently
by different judges. The numbers may mean different things to different judges.
A particular judge may be more conservative in assigning scores, while another
judge may be more liberal. Adding or averaging these numbers from two different
judges makes as much sense as adding four apples to five oranges to get nine
bananas. But that is precisely what is done in competitions.
We are obsessed with rating everything. We witness a
proliferation of reality shows with competitions comparing abilities such as
singing versus dancing which cannot have a common basis for comparison. We use arbitrary
scoring scales to determine who is number one, number two, etc. in any, and
every, field. In fact, the most recent addition is the acronym GOAT, which
stands for the “Greatest Of All Time.” And how do we determine who the GOAT is?
We poll people. Unfortunately, we poll people from the present population who
have had no direct exposure of the past experts in the same field. But that
does not deter us. We still go ahead and rate people and anoint one person as
the GOAT. Well, so much for that.
Apart from the issue of adding and averaging numbers
which cannot be added or averaged, there is a bigger problem with such an
endeavour. We completely ignore the negative psychological impact such ratings
have on individuals. We rate students in schools and colleges. We rate people
at work. These ratings and rankings do more harm than good. Let us consider a
young toddler in school. She is curious and is a sponge for learning. There is
so much new and exciting for her. Now we introduce a grading system. From this
point on, the focus of the child shifts from curiosity and learning to
conformance to what is expected of her. Can we expect this child to contribute
creatively to society?
What does the grade or mark earned by the child
represent? In the words of the famous quality and management guru, Dr W.E.
Deming, “A grade is only somebody’s (e.g., teacher’s) assessment of a pupil’s
achievement on some arbitrary scale.” I had an interesting experience when I
had volunteered to talk to a group of 5–8-year-olds in a school in Flint,
Michigan about engineering as a career option. I told them about the
interesting things engineers can do. I could see the bright gleam in the eyes
of the children when I spoke. The same afternoon I was teaching a class in my
college. It was depressing to see the apathy and lack of interest in the
students. Somewhere between the ages of 5-8 and 18, the system had effectively
managed to kill any interest that the child had. The focus had shifted from
learning to finding ways to get a better grade by any means, including unfair
ones. The grading system played an important role in making this happen.
We continue the ill-conceived practice of rating and
ranking in the workplace. The practice of annual appraisals is meant to
distinguish and reward the exceptional performers. Noted psychologist Edward
Deci has shown that even positive reinforcement in the form of rewards can have
the effect of killing intrinsic motivation in an individual. The focus changes
from the joy of learning and enjoying a task to the reward. Moreover, the
entire process of assessment, including the more recent developments such as
the 360 degree review, is subjective. There are more losers than winners, which
does not bode well for the company morale.
In his book “The New Economics,” Dr Deming
states that “It is wrong to suppose that if you can’t
measure it, you can’t manage it – a costly myth.” This is contrary to the
popular belief that one can manage only with the help of measurement. The
obsession with measurement has led managers to resort to the process of
numerical rating of people where it does not justifiably apply. While physical
measurement uses specific objective methods and tools to accomplish the task,
the job of assessing people is subjective, based on what the manager remembers,
what the manager’s mood is at the time of the assessment, etc. You get the
idea.
The problem is not that we need a more accurate method
of measurement. Rather, we need to understand that the system of measurement
itself is flawed. What is the purpose of assessment,whether in school, college,
or at the workplace? If the purpose is to improve learning and performance,
then how does rating and ranking help achieve this objective. If our aim is to
get students and workers to do better, would it not be more effective to
provide more explanatory feedback which would give them specific corrective actions
to take? In most of the rating and ranking systems we find such feedback
woefully missing. Instead, what we see is a cookie cutter system of measurement
and assessment which does not provide any benefit either to the person assessed
nor to the institution.
We have created assessment systems which work contrary
to the basic aim of the organisations. In educational institutes, the focus
should be on improving the learning experience, not rating and ranking. Instead
of the emphasis that is placed on evaluation, there needs to be a stronger
focus on how well the student is able to think and apply the concepts covered
in class. In companies, we need to move away from creating internal competition
among employees. The need of the hour is teamwork, not competition. There is
enough competition in the outside world. Apart from the human cost of rating
and ranking people these numbers just do not add up.----INFA
(Copyright, India News & Feature Alliance)
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State Polls Calculations: IS BJP LOSING GROUND,? By Dhurjati Mukherjee, 17 October 2023 |
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Open
Forum
New Delhi, 17 October 2023
State Polls Calculations
IS BJP LOSING GROUND?
By Dhurjati Mukherjee
Assembly elections in Rajasthan, MadhyaPradesh and
Chhattisgarh are expected to have a wide effect on the national scenario as they
form a core area of the Hindi belt. In these statesthe BJP and Congress may
clash directly. Opinion surveys so far have given a clear edge to the Congress
in Chhattisgarh, while in Rajasthan and Madhya Pradesh the contest is expected to
be tough. And while the BJP is banking on Modi’s image, the Congress is putting
a host of social and economic issues to attract the lower segments of society.
Campaigning expectedly has picked up momentum. The BJP
is counting on the success of G-20 and putting India’s strength in global
order, whereas the Opposition is harping on issues of unemployment, inflation
and social fabric being destroyed. Freebies such as reducing LPG prices,
subsistence allowance to women etc are being announced. While the Centre has reduced the price of an LPG by Rs 200 --
in trying to counter Rajasthan which sells these at just Rs 500 -- global oil
prices are rising, which obviously will strain the economy, but votes instead
are being eyed.
The Congress has importantly promised a nation-wide
caste survey which has sent a clear signal that it wants to give more
opportunities in education and job quotas to the EBCs, who are deprived and
oppressed. This is expected to have an enormous effect on the lower castes in
the Hindi heartland. Moreover, the old pension scheme that has been implemented
in Rajasthan, Chhattisgarh and Himachal Pradesh appears to have tilted the
scales in favour of the Congress. Though experts believe that such measures
benefit the middle class more than the poor and deprived sections, wooing the
huge middle class can go a long way in winning elections.
As for the BJP, though it had constituted the Rohini
Commission to look intoSub-Categorisation
of OBCs, it has been hesitant on this issue. There is no doubt that the demands
for a nation-wide caste census and sub-categorisation of reservation benefits
may have a deep impact on OBCs. While the BJP has maintained a studied silence,
Congress is on the offensive. Only time will tell how much of the OBC votes
will come to it. The backward castes are up in arms and current trends reveal
that they would possibly back whichever party assures them better facilities.
In fact, welfarism has emerged as a common theme across
parties and states. Economic growth has not been creating jobs and there is massive
unemployment and underemployment in the states, more so because governments are
not fillings up vacancies in critical areas like health and education. There
are other issues which go against the ruling parties in power that is,
inflation in essential commodities and dwindling sources of income.
In Rajasthan, the BJP by sidelining its former Chief
Minister Vasundhara Raje and promoting lesser-known leaders may impact its
fortunes. Similarly, in curbing the importance of Shivraj Singh Chouhan in
Madhya Pradesh, the party may be making a tactical mistake with a formidable
Kamal Nath of the Congress firmly entrenched. The incumbency factor weighs very
much in both the States. However, a redeeming feature for the Congress is that its
Rajasthan Chief Minister Ashok Gehlotis firmly entrenched in the state and
differences about leadership issues have been resolved. At the same time, he has
ordered a caste survey in his state and in promised a survey if it comes to
power.
In Telangana, the Congress, which bifurcated the state
from Andhra Pradesh, there are expectations that the party would make its presence
felt. Having won Karnataka elections, it is expected that the Dalits and OBCs
would be attracted to it, more so because of Party President Mallikarjun
Kharge. The party has created a welfare strategy based on guarantees that may
benefit the poor and help the electoral prospects of the Congress.
Meanwhile, Sonia Gandhi’s call in Parliament for a
sub-quota for backward classes within the 33% quota for women is expected to
catch the voters’ attention. The party realised that combining class with caste,
the Hindi heartland’s reality would make for a potent political package to
influence the electorate. The OBC leaders are at the top of the leadership, to
mention the names of Siddaramaiah, Ashok Gehlot and Bhupesh Bhagel. In fact,
the Opposition combine is taking the OBCs seriously as these constitute half
the country’s population. It expects the demand for adequate representation and
distribution of wealth and opportunities to generate hope among the OBCs,
segments of which have been enticed by the call of Hindutva despite it giving
them no real empowerment.
Congress leader Rahul Gandhi has been asking this
segment to demand real empowerment instead of settling for religious dominance.
Addressing a public meeting in Chhattisgarh recently, andpushing the button to
transfer an instalment of money to beneficiaries of a housing scheme, he said:
“Modi too pushes the button and PSUs get privatised, Adani gets airports,
mines, railways and other infrastructure contracts”. But he indicated that his
party has been working for the poor and the backward sections and in most
Congress ruled states, special schemes have been started to help them.
Meanwhile, global reports of exploitation and
harassment of Muslims has put the BJP in a somewhat difficult position.
The half-yearly report of Hindutva Watch, a US-based research project,
‘Anti-Muslim Hate Speech Events in India’ referred to “255 documented incidents
of hate speech gatherings targeting Muslims in the first half of 2023…Overwhelmingly,
205 incidents, 80% of these hate speech events occurred in BJP-ruled states and
Union Territories”. The report added: “Overall, 42% of all hate speech
gatherings in 17 states, which include two centrally controlled territories,
were organized with the RSS…A concerning 33% of all the gatherings explicitly
called for violence against Muslims”. Hindutva Watch pointed out that states
like Maharashtra, Karnataka, Madhya Pradesh, Rajasthan and Gujarat witnessed
the highest number of hate speech gatherings.
Remember, one of the big news recently has been the
AIADMK, the biggest ally of the BJP in South India quitting the NDA. The BJP’s
perceived attempts to swallow the political space of its partners after earning
a toehold and a latent partiality to the Brahmanical order that reared its head
during the Sanatan Dharma controversy are being seen as the reasons behind the
rupture in the run-up to the general election. It may be mentioned here that
the AIADMK has become the fourth major ally since 2019 to dump the BJP,
following in the footsteps of the Janata Dal (United), Shiromani Akali Dal and
the Shiv Sena (Uddhav Thackeray).
The BJP has been perceived to be harassing the Muslim
community in the hope that it would be recognised as a party dedicated only to
the interests of strengthening and propagating Hindu religion and
philosophy. The Ram Temple is possibly opening to the public in January,
again demonstrating that the RSS-BJP combine is wedded to preach and practice
Hindu religion. But all this may not garner the expected votes to the party as
larger social and economic issues are there and the lower castes are struggling
for a better existence.
While this is no doubt a political strategy and the
ruling party understands this well, the question remains if the BJP may win the
next elections due to Modi’s image and somewhat good governance? The voters
will need to weigh their options carefully. ---INFA
(Copyright, India News & Feature Alliance)
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India GDP Rises, Arms Sale Up: ISRAEL WAR MAY HURT: IMF By Shivaji Sarkar, 16 October 2023 |
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Economic Highlights
New
Delhi, 16 October 2023
India GDP Rises, Arms Sale Up
ISRAEL WAR MAY HURT: IMF
By Shivaji Sarkar
Indian
economic parameters are improving. But would thesebe able to retain the
14-month high Index of Industrial Production growth (IIP) and keep inflation
under check amidst the fires of the Gaza-Israel war?
The global
economy is under stress as it was just about getting used to the Russia-Ukraine
war and had even stabilised the oil prices. In a week, oil prices surged by 4
percent. If the oil prices increase by 10 percent, the International
Monetary Fund (IMF) says, the global economic growth is estimated to come
down by 0.15 percent and global inflation will increase by 0.4 percent. The
disruptions led by war will spike geopolitical tensions and create turbulence
for financial stability.
This
week the IMF raised India’s GDP growth forecast for to 6.3 percent from
6.1 percent amid prediction of world growth to slow down to 2.9 percent in
2024. It can also be slower. Higher oil prices would also add about 0.2
percentage points to global inflation -- holding it near 6 percent. It could
force the Reserve Bank of India (RBI) to firm up interest rates as growth
slows.
As a
relief, in September, the Consumer Price Index (CPI) data fell to 5.2 percent
from 6.83 percent in August and 7.44 percent in July. The IIP reached a record
10.3 percent as manufacturing rises, capital goods rise by 12.6 percent and
infra construction by 14.9 percent in August.If global slowdown accentuates as
it is now being reassessed, Indian growth may slump. Higher oil and other
prices will impact price index.
Additionally,
India’s stock market is taking the hit daily. This means investment is falling.
India’s defence expenses are likely to grow as it is the second largest
importer of arms in the world, ahead of Egypt, Australia and China. The
government says it has no other option but to arm itself against China, which
continues to grow in military and economic power. Israeli exports to India are growing.
The Indians are authorised by Israel to manufacture and export Israeli-designed
drones and ammunition across South-East Asia. It is believed that the laser
systems currently being developed in Israel will eventually also reach India.
The
figures portray an interesting picture. As Israel needs more arms, including
drones, would it be able to continue its supplies to India? Its multiple
security system, Iron Dome, itself has collapsed. The war in Ukraine helped it
rake in high profits through the sale of Israelis arms. Israel, the 10th
largest arms exporter, sold $9 billion last year, up from $8.3bn in 2020,
amounting to three per cent of global military spending. Now these exports, if
hit for domestic Israel needs, could possibly change the dimensions of Ukraine
war.Germany, France, and the US will now have to maintain supplies to Ukraine.
They may earn tonnes of cash.
This is not
soothing for India. It calls for India to upgrade its systems and to earmark more
expenses, calling for higher tax revenue. India may have to review its own Rs
16000 crore defence exports, including Pinak and other missile systems. In
FY2022-23, Indian merchandise exports to Israel amounted to $7.89 billion,
while Israeli exports to India were $2.13 billion.
Besides,
India also has substantial investments, including at Haifa port in Israel.
According to data, the cumulative overseas direct investment from India during
April 2000 to May 2023 was $383 million. Many Indian firms such as Tata Consultancy
Services (TCS), State Bank of India, Jain Irrigation, Sun Pharma, Infosys, Tech
Mahindra, Adani, and Wipro have either acquisitions or investments in Israel.
Recently,
India chalked out a clever trade route plan to Middle East-Europe via Haifa,
where the Adani group has large funding, through ship, rail, road involving
UAE, Saudi Arabia, Israel, Greece. Would it succeed in the present melee?
The Middle
East Monitor says the arms industry in Israel is harmed if there are no
large-scale military operations against the Palestinians. The Israeli assaults
on Palestinian civilians in the Gaza Strip in May 2021 got Israeli aviation
industry conclude a deal with a country in Asia for military drones worth $200
million. In 2020, of all global investments on the internet, a third was
directed to Israeli electronic companies. The Israeli arms industry works with
the support of the US and the EU and establishes near-normal relations with
repressive and far-right regimes from Eastern Europe and Africa to Brazil. The
war benefits it.
That is
not so with India. But Indians need to ponder over what the Nuvama
Institutional Equities says, “The private sector accounts for 60–70 per cent of
India’s total defence exports. The Israel-Hamas conflict, though a sad
reality for the people of the region, presents lucrative growth opportunity for
India’s defence exports.The escalation of this war may create opportunities for
India’s defence companies in the near-to-medium term as Israel is likely to
reach out to its allies (India, US, etc) to ensure ample stockpiles to fight
the war”.
So, if
India is becoming a tough arms exporter, the people need to rethink and
reassess the situation whether it is heading for a jingoist country. Should a
country head towards becoming so just for the benefit of some arms dealer and impose
tougher preventive laws? Is that a profit or a loss in social terms and is it
adhering to the Gandhian non-violent philosophy?
The
insight by Nuvama is revealing. India may harm itself more if it gets into an
arms-led economy. It warns, “While some companies exporting equipment to Israel
may benefit, other players (both PSUs and private) which procure raw materials
or have tie-ups with Israel Aerospace Industries, Elbit Systems or Rafael
Advanced Systems, may go through a hard time,” because Israeli priorities may
lead to supply chain bottlenecks, execution delay and possible breach of
agreements for Indian companies.
Bloomberg
estimates that if the war is not stopped in a few days, in phases it can
escalate to Lebanon-Syria, having Iranian militias, and then to Iran verging
into a larger global conflagration nearer India. Columbia Broadcasting expert
Peter Armstrong says the dust may not settle in a year!
For
India, in all these cases the direction could be the same, more expensive oil,
higher inflation, and slower growth, with the magnitude being different. The
wider the conflict, the more it becomes global, rather than being regional,
which is tougher for India.---INFA
(Copyright, India News & Feature Alliance)
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