As a reforms historian, I had seen the situation of Indian economy in the last phase of Congress Government which was engulfed with policy paralysis and stagnant economy and therefore in reassuring the peoples' faith bestowed on him-Modi had to take several bold steps and one of it -is demonetization.
Given that Indian economy is fast becoming digital and from opening a bank account, to making financial transactions every facility, an Aadhaar Authentication is required. Even the Supreme Court has been working on making Aadhaar mandatory. Imagine my shock when I was told that Aadhaar can be hacked as it has very poor security. My eyes popped out when I saw the video as given below.
Despite a continuing fall in the growth rate of India's GDP for the last several quarters there are indicators that point to a turn-around of the rural economy. Positive and long-term improvements can be seen in foodgrains production, in horticulture, dairy, poultry and fisheries, access to physical infrastructure such as electricity and roads, per-capita income of poorer states (which have a high percentage of rural population), wages of unskilled labour and growing employment in non-farm occupations due to programmes such as MUDRA. However challenges still remain in some vital sectors, such as water, marketing of fruits and vegetables, skill development, education and health.
RBI Governor Raghuram Rajan's strategy of widening and deepening the banking system through payment banks, India Post Bank, small finance banks and strengthening the NBFCs through appropriate regulation and facilitation deserves rich commendation for taking inclusive banking closer. But doubts still prevail over the effective reach of inclusive banking going by the laggard performance of the priority sector credit thus far.
Sometime back Prime Minister Narendra Modi announced an ambitious target of 175 GW by 2022 for renewable energy. India has a low consumption of energy and will need to increase it several fold in the coming decades. With the global community working on reducing carbon footprint and the commitment of each nation being already in public domain with the international community as Intended Nationally Determined Contribution (INDC), the pressures for improving energy efficiency and increasing share of non-fossil fuel generation has become more intense.
Professing Indianness has taken media spending to a new high and journalistic ethics to a new low. There are marketing as well as editorial solutions to 'nationality laundering'. A Chinese company of yesterday becomes an Indian company of today by simply advertising so. Uber CEO is happy to take on Indian nationality alongwith Indian Guest Editorship.
"You have to dream before your dreams can come true." This famous quote of former President APJ Abdul Kalam, who himself turned his dream into a reality as a nuclear scientist and has "ignited" many minds with his ideas, is perhaps the most appropriate theme for present day India aspiring to become an economic and knowledge superpower.It is the culmination of the dreams of 1.2 billion people that has led Prime Minister Narendra Modi to ideate his plan of making the $2 trillion economy a $20 trillion behemoth within the next two decades, eradicating poverty and making India a knowledge society.
Anupam Verma, who works for a multi-national company in Mumbai, was deeply disturbed after reading a report regarding the presence of poisonous chemicals in conventionally grown fruits and vegetables that he and his family used to eat everyday. The report was indeed scary. It said the consumption of these produce might cause life-threatening diseases like cancer, neurological defects, autism and respiratory and reproductive problems. Verma did not want to take a chance and decided to use only 'organic produce', which are presented in the report as a healthy alternative.