Two faces, Two countries and its common people
A sarcastic article has published in The Citizen, on January, 30, 2017 as the headline “We Were First! India Beat Trump To It”.
Some texts are as follows:
“Prime Minister Narendra Modi won the elections as a nationalist pledging to bring back India, on very much the same lines as this Trump much later. The difference here is that our PM managed to tame the media and the corporates who continue to lie prostrate every time he passes by, quite unlike Trump who is being hit by both powerful institutions on a daily basis. Some say that the media and the corporates are more democratic in the US, more independent, more courageous.”
Hemindra Hazari has published his essay, “Recession + Demonetisation = Depression”, in The Wire on 30/01/2017; quoting some texts as, “What is unappreciated is that even prior to demonetisation, there was an underlying trend of a slowdown in industrial production, bank credit, and wage growth (including poor, if not negative, employment growth). Not only was industrial investment low, but low capacity utilisation indicated it was not due to pick up soon. In April-October 2016, the index of industrial production (IIP) was a negative 0.3% as compared to 4.8% in the same period in 2015.”
“Deepening crisis”, By V. Sridhar, Print Edition, February, 3, 2017 in Frontline texts are as such, “In the face of pointing to a badly mauled economy — and an even more badly dented credibility of the Modi government — it now appears that the establishment is preparing to pull out all the stops to limit the enormous damage caused by a move that severely hurt the reputations of institutions such as the Reserve Bank of India (RBI) and of cardinal principles of democratic conduct, such as those prescribing collective responsibility of the Union Cabinet. Modi provided an indication of this in his New Year Eve address to the nation in which he announced a slew of measures. Many of them smacked of tokenism and, properly speaking, may have found expression in Finance Minister Arun Jaitley’s budget, which is due to be presented soon.” (February, 1, 2017).
A legislation has been introduced in the US House of Representatives which among other things calls for more than doubling the minimum salary of H-1B visa holders to USD 130,000, making it difficult for firms to use the programme to replace American employees with foreign workers, including from India. (Source : The Economic Times.
Relationship with India will continue to be stronger : “They had a great conversation the other day and the relationship between the two countries will continue to grow stronger in this country.” White House Press Secretary Sean Spicer told reporters at his daily news conference on Monday. (Source : BS )