Free Press Journal
  • Welcome the march of protectionism

    We should get off the horse of globalisation and ride on the horse of protectionism. The Government Minister is trying to ride the two horses of globalisation and protectionism simultaneously. The prime minister proudly announced as Davos that while globalisation is giving way to protectionism across the world, India “remains open for business”. He laid…

    Continue Reading ...
  • FM will fall trying to ride on two horses

    The finance minister is not able to either  reject or adopt globalisation. He will fall trying to do both. The finance minister has imposed higher import duties on mobile phones and a few other items in his quest to provide protection to domestic manufacturers from cheap imports and to increase the revenues in the coming…

    Continue Reading ...
  • Will Budget grant relief?

    This is a good budget. The finance minister has raised monies from three sources. One, the number of income taxpayers has increased subsequent to demonetisation and introduction of GST. Two, receipts from the sale of Government shareholding in Public Sector Undertakings are buoyant. Three, higher customs duty and surcharge will lead to increased receipts. These…

    Continue Reading ...
  • Caste Reservation

    Reservation: Separate electorates for different occupations

    The present system reserves certain constituencies in the elections for candidates from the Scheduled Castes. All the voters from that constituency — whether SC/ST or Upper Castes — have to select among the SC/ST candidates from that seat. Dr B R Ambedkar was afraid that in this system, only such Dalits would be elected who…

    Continue Reading ...
  • Need to establish, invest in new PSUs

    International rating agencies have repeatedly refused to improve the raking of the Indian economy because of the drag of the Public-Sector Banks (PSBs) and Public-Sector Undertakings like Air India. Actually, these PSUs have served their purpose and should now be handed over to the private sector. The Government is moving in the direction of “disinvestment”….

    Continue Reading ...
  • Hoping for a pro-people economy in 2018

    The twin problems facing our agricultural sector are decline in prices and overuse of irrigation. The challenge in the New Year is to secure the welfare of our farmers. The agricultural production has increased multiple times since Independence, but our farmers continue to commit suicides. Reason is that increased production has come along with a…

    Continue Reading ...
  • The withdrawal of WTO and globalization

    The nineties saw the grand march of globalisation. The World Trade Organization (WTO) was established in 1995. Two major changes were made. Till that time, we were free to impose any level of import duty on goods imported into the country. We gave up that freedom and agreed not to impose import duties in excess…

    Continue Reading ...
  • What poll result would mean for Modi & Rahul

    Exit polls released by various news organisations and survey agencies on Thursday after the second phase of elections in Gujarat came to an end have indicated that the BJP is likely to retain power for the sixth consecutive term. In Himachal Pradesh, exit polls have predicted a clear win for the BJP where the party…

    Continue Reading ...
  • Make the most of private health care

    The Niti Ayog has said that after the path-breaking reforms of Goods and Services Tax, Bankruptcy Code and Real Estate Act, the Government now needs to initiate the reforms in the health and education sectors. The Gorakhpur tragedy of few months ago had also highlighted the shoddy state of our government health system. It appears…

    Continue Reading ...
  • Politicians and government servants: An unholy alliance to jointly bleed the people

    A property dealer from Chandigarh recently told me that black money is back in circulation as previously and property prices have regained their earlier pre-demonetization levels. Large amounts of money were sent abroad by government servants and politicians in the months following demonetization. At that time, they did not want to buy gold because the…

    Continue Reading ...
  • In this file photograph shows Prime Minister Narendra Modi (R) greets Chinese President Xi Jinping during a meeting in New Delhi.

    A friendship between India and China does not suit the clever American cat

    India has participated in the newly formed “Indo-Pacific Region” constituting of Australia, India, Japan and the United States, but excluding China even though China is the dominant player in the Pacific region. The “Indo-Pacific Region” is being seen as an American effort to encircle China with Japan in the east and India in the south….

    Continue Reading ...
  • In order to privatise public sector banks

    The Government has thankfully decided to privatise Air India. The same formula must be applied to the Public Sector Banks (PSBs). But first let us examine the arguments against privatisation of Air India. The first argument is that public assets are often sold to vested interests at throwaway prices. The lines of the British Railways,…

    Continue Reading ...