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Is Modi a reformer? How the economic reform in May will answer this question

Is Prime Minister Narendra Modi a reformer? Where is his place on the list of Indian reformers? This question often arises. This is because critics have been unable to point out anything objectively against the government during its six-year tenure. No allegations of corruption have been raised against Modi or his government. There are no allegations of nepotism. Despite the allegations raised in the 2019 election, it was proven to be false. The question of whether Modi is a reformer has often been raised in the absence of other criticisms.

Is Modi a reformer?
Is Modi a reformer?

Any reasonable assessment of the first five years of governance should be clear that any attempt to label Modi as “not a reformer” is not objective. Two examples can be cited. In an article in Financial Express in December 2008: “The Insurance Laws (Amendment) Bill, the biggest economic sector reform in the UPA’s four-and-a-half-year rule, raised the FDI limit in this sector from 26% to 49%, and was finally introduced in the Rajya Sabha. ”; The article, from an article in The Economic Times in August 2012, “Economists and policy makers are asking the government to regulate diesel prices”.

Critics have now shifted to the question of ‘where are the major reforms’ instead of ‘where are the reforms’. The trick behind it is that what they mean is ‘big’. But critics have not bargained for Modi 2.0. A number of major reforms have been announced and implemented in advance of the ‘Autobiographical Bharat’ speech. Examples include mega bank mergers, reform of labor laws and lower corporate tax rates in the world. The most recent announcements were made in May 2020.

May 2020 for farmers in agriculture is like what India did in August 1947. Our provider became self-assured. APMC Historically. The sword of Democlas, which hangs above the essential law, has been sharpened. Decades later, the farmers became independent. Now they can produce whatever they like and sell them wherever they want. Contractual agriculture became the ‘cup’ of agrarian reform. This is a combination of industry-wide investment in agriculture, advanced technology and integrated markets. The big achievements of this month were not confined to agriculture. Industrial coal mines are now open. MSME sectors remain unchanged. It can grow without fear of being confined to outdated definitions. FDI through automated route to 74%. Public sector privatization has become a reality through a clear policy framework. In a few strategic areas, government institutions will be limited to a maximum of four. The government will be completely excluded from the strategic sector. The space was open to private sector and expertise. A land — a card — is about to become reality. These reforms and the rapid legislation created to support them include ‘Where are the Big-Bang Reforms?’ There are cracks in the description itself. Critics of Modi have also found that “Modi has some good reform ideas but the implementation track record is very bad.” The prime quality of Modi during his six years in office as prime minister of Gujarat is his ability to do things. The reason for Modi to come to power for the second time is that he has successfully implemented all the projects announced from Janthan Bank Account to Electricity to all households in villages, Ujjwala, Prime Minister Awas, Jansuraksha, Ayushman Bharat, Sanitation and Mission Indradhanush.

But the reality is that apart from the reform achievements of this government, two are his personal contributions. One, the politics of data-driven governance was founded by Modi. During the 2013 election campaign, he presented a presentation comparing data and facts to each campaign. Even in political campaigns, he laid out figures and laid out facts. This method is adopted by all political parties to indicate their achievements.

Secondly, before Modi, the economic leadership policy was confined to macroeconomic policy. Microeconomics is like an abandoned distant relative. It is this attitude that has led to a mere 38% hygiene care after 65 years of independence. One of Modi’s most enduring contributions is to change this attitude at the Prime Minister’s level. Although he focused on microeconomics, he was also able to make macroeconomics aesthetically pleasing. For example, the current production of PPE Suites in India is 4.5 lakhs. This growth is from where it was three months ago.

The question of whether Modi will be able to implement his policies in 2019 does not exist today. The 2020 question, “Is Modi a reformer or not?” There are two ways today for Modi critics to either remain as opponents of Modi or create an opportunity to solve problems. Because India wants to be a partner in bringing the world to new light after Kovid 19.

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