Please Follow My Notes and My Video 08-DEC-2016
Guardians of federalism
Political parties in Tamil Nadu have a shared legacy to protect federalism. In the era of centralization in politics, Tamilnadustood for the protection of states rights. Jayalalitha as chief minister questioned the impactof the introduction of the Goods and ServicesTax on the taxation and fiscal powers of theStates and the composition of the GST Council. She has voiced similar opposition to theNational Counter Terrorism Centre, and hadreservations about implementing the National Food Security Act and joining UDAYor the Ujwal DISCOM Assurance Yojna inthe power sector.
Absence of her leadership in the state politics can make administration amenable for central pressure. At the same time, an era of bitter hostility between political parties can be needed with change in leadership. It can usher in a new culture of cooperation between Dravidian parties.
Centralization in Indian politics
Centralization of politics in India shall be understood from changing dynamics of politics in india
The RBIs Big surprise
After demonetization, it is expected that monetary policy easing will follow and interest rates will come down. RBI in a surprise move kept the interest rates unchanged. The major reasons for the decision are more international than National.
Forecast of growth also decreased to 7.1% as economy activity got slowdown after demonetization.
Cho Ramaswamy – wit and analyst
He is an editor of Tuglaq and known Journalist, play right, political analyst. He was a committed Nationalist, right centrist, form believer in central Government. He passed away in chennai.
Demonetization is for the long run
Rule based capitalism and clean govt are essential for new, emerging India. Demonetization is an effort in this direction. LPG era has another side to it. That is the growth of crony capitalism. It can be explained as gaining favorable benefits from Government by being close to it. It is invariably connected with corruption.
Free markets and capitalism will get mass public support if everyone is on a level playing field and when the rich/well off pay their taxes which can then be used to invest in those left behind so that they too have an opportunity to rise. If not it is seen as favoring rich at the coast of poor.
Adde to that, a new of entrepreneur ship is rising in India. It can be called as personal sector. Start up India and stand up India are steps in this direction. It can only get a fillip, if rules based capitalism exists in the country. Technology can come in handy to usher in an era of transparency in Government and business interaction.
The continental shift
Voters in Europe are showing they are unpredictable and can not be taken for granted by the parties or movements of any persuasion. Austrian election in which Pro European candidate mr. Alexander Van dear Belen has shown the lead.on the other side, referendum in Italy is lost by the pro European Prime Minister Matteo Renzi.
Three years after the Kaushal Judgement.
Three years back on this day, SC of India in kaushalvs NazFoundaiton case upheld the section 377 of IPC that prohibits any unnatural sex. In a nut shell, it criminalizes sexual relationships between LGBTs.
House of lords divided on brexit role
Unwritten constitution and Parliamentary sovereignty exists in Britain. Parliament is the Guardian of the nation and itsrole is to be a check and balance on the executive. In this the power of the upper house is in the expertise of its advice. It is coming in to question now with Brexit referendum. Now the challenge is to uphold the parliamentary sovereignty and at the same time giving credence to Public vote.
Question of the day
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