Showing posts with label NREGA. Show all posts
Showing posts with label NREGA. Show all posts

Tuesday, May 7, 2013

Underestimating the Indian Voter Again and Again and...

The so called mainstream media is at it again – making a fool of itself and displaying unending contempt for the native intelligence of the Indian voter. Once again, we are being told by pundits and sycophantic and servile courtiers masquerading as columnists that the Congress and the UPA have got their mojo back and look set to win the Lok Sabha elections due in 2014. The reasons offered are many. For one, the BJP is in a mess and has failed to capitalize on the serial scams haunting the Congress since 2010. Then again, the voter is wary of a rag tag Third or Fourth Front government propped up by outside support and will reluctantly vote again for the Congress. The most servile are writing about how Rahul Gandhi and his computer baba log are drawing up a “fool” proof strategy to woo voters. The pink papers have been screaming hoarse about the return of P. Chidambaram as the Finance Minister and how he will get the economy back on a high growth path. A related part of this delusional narrative is hailing the decision to allow FDI in retail and capping the use of subsidized LPG cylinders at six a year as proof that the UPA government is determined to push for “reforms”. Of course, the game changer is supposed to be what Jairam Ramesh so cutely described as “Aapka paisa, Aapke Haath”. Yes, I am talking about the decision to resort to cash transfer of subsidies to beneficiaries using the Aadhar scheme. So powerful is the alleged impact of this game changing decision that even mainstream media professionals who are critical of the Congress and the Gandhi dynasty are complaining that the ruling party is resorting to bribing the voters to win another election. In all of this, there seems to be a near unanimity that the Congress will pull off yet another stunning victory. They draw parallels with 2009 when the NREGA scheme was used as a bribe to the Indian voters to win elections. Of course, there are many who are still saying that the Indian voter is still so angry, so outraged and so pissed off with the corruption, hubris and arrogance of this government that they are determined to vote against the Congress. But such voices have been drowned in the cacophony of predicting yet another Congress victory.

I can only marvel and laugh at such malarkey and nonsense. For ages, the New Delhi-based mainstream media has utterly failed to read the intentions of the Indian voter. It has a habit of getting it wrong almost every time. And yet, it persists in such hogwash. Allow me to quote columnist Tavleen Singh who was a young reporter in 1977 when Indira Gandhi lifted the Emergency and called for elections. She writes:

“It became clear that Mrs.Gandhi wanted to restore her image as a democratic leader and this could only happen if the coming elections were seen to be fair. Within days of the elections being announced, most of the opposition leaders who were still in jail were released. They were no longer worth keeping in jail since nobody, not even the opposition leaders themselves, thought in January 1977 that Mrs.Gandhi had the slightest chance of losing this election. Every report, even from her own intelligence agencies, indicated that she might lose a few seats; but that there was no chance of a total defeat.”

That was 35 years ago. Since then, in election after election, the mainstream media has almost always forecasted it wrong – the only notable exception being 1984, when Rajiv Gandhi won a historic mandate after the assassination of Indira Gandhi.

It would be easy to conclude that most of the mainstream media is blindly and abjectly supportive of the Congress and the Gandhi dynasty when it comes to forecasting election results. A hell of a lot of our mainstream media is guilty of that. But the bigger crime is its failure to read voter intentions. Just go back to the spring of 2004 and you will realize what I am talking about. Let me give you just one example. The much talked about research agency AC Nielsen was commissioned by NDTV and The Indian Express to conduct an opinion poll and make a forecast for the 2004 Lok Sabha elections. In a largest of its kind survey, around 40,000 respondents were asked about their voting intentions. The forecast was that the then ruling NDA would win between 287 to 307 seats and rule India for another five years. The BJP was projected to win around 200 seats while the Congress was projected to win around 100 seats. Let me give you one more example from the same year when assembly elections were held along with Lok Sabha elections in Andhra Pradesh. A prestigious survey that featured in the Outlook magazine had the following forecast for the state. The then ruling Telugu Desam was given around 165 seats while the Congress and its allies were given around 125 seats. So NDTV said in 2004 that the NDA would rule India for another five years and Outlook said in 2004 that Chandrababu Naidu and his party would rule Andhra Pradesh for another five years. We all know what the actual results were.


Source : IIPM Editorial, 2013.
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Thursday, October 25, 2012

At long last, a budget that has clearly placed first the agenda of people who have no lobbies!

 Not that it has done everything that had to be done for those who have been deliberately marginalised by the society now for decades and ignored just to fill the coffers of rich industrialists of India. But kudos that it has reached here at least. I, personally, and our media house have both been severely critical of budgets year after year. After presenting alternative budgets for nine years on the trot, I finally see a government that has at least had the courage to come out in the open and present a budget which hardly has any sops worth talking about for the industry. Yes, the advantages that a few industrial houses will derive haven’t gone unnoticed. But as I had written – with a lot of sarcasm and desperation – in our last issue: Let this budget be a ‘Khao Aur Khilao’ budget. And I won’t look at vested interests which got served here and there. I will only look at the good that has happened. After more than four years post the launch of Business & Economy and our media house, here is a budget for which I have first class marks! It surely deserves a 6 to 6.5 out of ten. Just for its vision and boldness to announce only social measures one after the other at the cost of getting the middle class upset. At the cost of stock markets registering their heaviest falls. At the cost of industrialists quietly having had to gulp down their disappointment and give TV bytes praising the budget – not because they realise the reasons why the budget is good, but really because they knew there was nothing to logically criticize it on.

Now let’s take a look at the details of the budget. Of all the rank bad budgets by the previous Congress terms – of course, with various kinds of external pressures – the only scheme that can be clearly considered their pet project that had Sonia, Manmohan and Rahul’s full support was the NREGA (National Rural Employment Guarantee Act) scheme. And the best part of even this budget has been the huge 140 percent increase in NREGA allocations; and of course, the food guarantee scheme. The plan for providing direct subsidy to farmers is a very good move, coupled up with the concept of biometric unique identification cards. It’s a positive step towards removal of corruption.

This budget also sees a sense of gradual move towards strong reforms through the formation of the integrated energy act, shift in the fertilizer subsidy and efforts towards making domestic fuel prices move in sync with global prices. Further, another positive and super step towards removal of corruption in politics is the move to make all donations to political parties tax free. This would curtail donations in cash and make the system more transparent! For direct tax payers, the only real good news is that the incredibly silly and bureaucracy inducing FBT (Fringe Benefit Tax) has gone. Planman Media has been a very vocal and strong critic of the same since much earlier. At the same time, the increase in the minimum slab for income tax is so minimal that it gives absolutely no excitement. Either this ‘minimum’ should have been increased by 40k to 60k; or if not, could have remained the same! And on the corporate front, investments linked tax structure is a great improvement.


Source : IIPM Editorial, 2012.

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