Snehasis
@SnehasisMukhop4
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@iiitian Interested in economics, strategic affairs, geopolitics. Tech enthusiast Unapologetic Nehruvian || Words @telegraph @thewire
Joined October 2021
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Pinned Tweet
"Not many know this grim reality: Uttar Pradesh not only trails behind Pakistan but also lags behind Sub-Saharan Africa, renowned as one of the world’s poorest regions."
Uttar Pradesh's Economy: Down the Rabbit Hole and Beyond
My piece for
@thewire_in
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#Exclusive
The WIRE's investigative report could unleash another round of political EARTHQUAKE.
@MahuaMoitra
unearthed a massive corruption in Dhamra Port. Adani was trying to acquire Gangavaram Port through the same route that is why she was expelled to get her Qs blocked.
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This is BIG. A leading professor from Princeton Univ has made a damning claim which can unleash a earthquake in the political circles. Indian authorities misreported macroeconomic data to hide it's failure before the G20 summit.
He says the growth rate was 4.5% and not 7.8%.
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The RIGHT WING CABAL made some huge noise about Rahul Gandhi's performance as an MP.
The tides have turned now.
Time for some hard FACTS:
1) Mr Modi has one of the worst attendance records of any PM in Indian history. He has missed over 40% of the sittings of Parliament.
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Just heard some 'pseudo historians' drooling over Yogi's economy in Beer Biceps podcasts, going to the extend of suggesting what a paradise UP is.
Ajay Bisht handling the economy is much like the cat dancing with the toaster.
So here is fact check to those outlandish claims:
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Not many know this grim reality: UP's per capita income at current prices is ₹70,797 which is half the level of Sub Saharan Africa. Excluding NOIDA, UP's per capita further plummets, comparable to the likes of Afghanistan.
UP has devolved into an economic WASTELAND
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PM Modi was caught RED HANDED giving scripted interviews to a news channel. I dig out this rare clip where he could be seen reading the answer of Question No 27.
From orchestrating interviews for PM Modi to instructing to disrupt Rahul's PC, the media loves to grovel at HIS feet
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The atmosphere of fear is so paralysing among the poor that it's even hard to speak out in PM's home turf. Local claim shops built during British era were razed, then demanded 30 lakhs for reconstruction. Another alleges 200 poor shopkeeper families were callously displaced.
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The voters of Maharastra, Tamil Nadu, Kerala, Andhra, Karnataka, Telangana and WB should ask themselves this question: Why should we vote for a system that gobbles up our taxes and give the fruits of labor to other states?
Can there be greator FISCAL APARTHEID than this?
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Breaking: Amartya Sen on being asked about Modi's infiltrator remark says we have to see the "limitation" of Modi's mind bcz that kind of extraordinarily nasty statement about 200M citizens he pretends to represent indicates something is deeply wrong. Prof Sen says it like it is!
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Allow me to share my unfiltered thoughts on the G7 meet:
No amount of hugging, kissing, and selfies can obscure the grim reality that Modi has driven India into a vassal state. He has eviscerated the country's democratic foundations, shredded it by his autocratic scissors.
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Sheela Bhat studied at Univ of Mumbai. She was 18 in 1979. At 20, she was doing her Masters?
Just asking!
“I met Modi in 1981 when he was doing his MA…”, veteran journalist Sheela Bhatt recalls Prime Minister’s student days. This is a slap on the face of the likes of Arvind Kejriwal, who question PM’s educational qualification…
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This is a massive EMBARRASSMENT for PM Modi.
Over 70 US Congressmen urge President Biden to raise human rights violations and minority persecution with PM Modi. The last time KaranThapar asked him to apologize for the same, he ran away from the interview.
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Sit down
@amitmalviya
.
You neither have intellectual capability nor the eptitude to debate with him. Here is a reality check for you:
UPA inherited an economy which grew at mere 5.9% ( real GDP) while you inherited an economy that was growing at more than 7%
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Relax, Mr Chidambaram. Shall we look at the Truth Mirror?
Fact is, in 2004, UPA inherited an economy that was booming at 8.5% and when it was pushed out of the office in 2014, the growth rate had dropped to 6.9%!
It doesn’t end there. Inflation in 2004 was 3.77% but 10.02% in
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The Congress Manifesto is by far the most balanced yet radically progressive Manifesto ever presented by any political party in history.
Mr Chidambaram and team did a incredible job!
The Manifesto has invariably placed EQUITY over PRIVILEGE.
Three aspects needs mention here:
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A mountain of blistering accusations has piled up against Madhavi Puri Buch.
1)The current SEBI Chairperson & her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda & Mauritius funds, found in the same complex nested structure, used by Vinod Adani
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Sensex was at 5K in 2004.
It soared to 25K in 2014.
That's was an increase of 400%.
From 2014 to 2023, Sensex increased only by 200%.
Take any economic indicator, chances are Mr Modi would not have performed half as as good as Dr Manmohan Singh.
Empty Vessels........!
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A few days back, I tweeted on the systematic deprivation of funds for Southern States under consecutive Finance Commissions. Today, CEO of NITI Aayog revealed that the PM personally attempted clandestine negotiations with the FC to strangle the States of crucial funds.
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In a shocking revelation, BVR Subramanyam, CEO of NITI Aayog, has exposed the Narendra Modi government's hidden agenda in manipulating the financial autonomy of Indian states. An article from Al Jazeera reveals the deep-seated issues plaguing the federal structure under the
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Damning evidence in former Finance Secretary Subhash Garg's book. In what could potentially stir a huge political UPHEAVAL, Garg in his book discloses the differences between Urjit Patel and PM over electoral bonds among other things.Garg says Modi personally attacked Patel
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This is BIG: Nikhil Kamath, of Zerodha comes out in support of inheritance tax.
He says, "When predicated wealth transfers from one generation to another, there has to be a filter so that a part of it can be redistributed. There is plenty of precedence to inheritance tax"
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This is MASSIVE. PM modi hoisted the national flag but it didn't unfurl.
In his long tenure of 9 years, he always used the ramparts of Red Fort to make pedestrian election speeches.
Ostensibly, the national flag seems to have reciprocated his sham patriotism.
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Rahul Gandhi's mind bubbles with transformative ideas. 5 years ago, he addressed the NRI's at Times Square, New York. It was by far, one of the most intellectually stimulating speeches made by any Indian leader on a global platform.
Here is a short thread on his speech
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"Had Sardar Patel been the first PM of India..... "
A fallacious & hollow political rhetoric that you will hear many a times in the run up to the 15th Aug
The truth of the matter is Patel died even before the first General Election took place. Here's what you need to know more:
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Was taken ABACK for a while after hearing Rahul Gandhi's impressive response to a rather complicated question.
Rahul's Idea of India is exquisitely refined, demonstrating an unparalleled mastery of articulation. Even the moderator was in awe after witnessing his depth.
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In a seemingly scathing piece,
@AshokaMody
decimates all the tall claims of high growth numbers peddled by the GOI.
Read India's Fake Growth Story:
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When Nobel Laureate Nouriel Roubini makes those unsparing remarks on "crony capitalism", you know there is something seriously wrong with Indian economy.
He says that India has not been able to grow at more than 6% because crony capitalism is holding the country back.
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This is Sanjeev Sanyal, Economic Advisor of the PMO. I was quite shocked and aghast to see the kind of tirade of condescension he has passed on to portray Bengal's society at large. The implied sense here is the society is steeped in debauchery and alcoholism.
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This is MASSIVE.
The Rafale Scam exposed once again.
Mediapart confirms that Anil Ambani directly solicited help of Macron and his FM in a bid to escape 151- million Euro tax claim against the French subsidiaries. The tax adjustment was cut down to 6.6 million Euros.
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Despite the stock crash, SBI squandered taxpayer money to invest in Adani’s FPO, effectively bailing out Adani & jeopardizing the savings of investors under Dinesh Kr Khara. Rumors are Khara could be the nxt SEBI chief as his term ends in Aug.
Who is making appointments for GOI?
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Could there be a more repugnant, abhorrent, crass,& offensively racist attack against someone in politics? To say that the people of Amethi gets fascinated by "Gori Chamri" marks the nadir of her insults for Amethi.
Her opposition for Gandhis has boiled down to their skin color.
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In 2019, Nobel Laureate Abhijit Bannerjee fervently advocated for mandatory apprenticeships within government roles spanning a duration of five years. Embracing his recommendations, the Congress party has now broadened this initiative to encompass the private sector as well.
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10 bombasting tweets by Chandrababu Naidu that you can't miss.
Exhibit 1: Chandrababu Naidu says opposition has start uniting to save democracy.
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This decade has been the WORST decade for the Indian Economy. You may ask why?
Here are the 10 reasons:
1) The Manufacturing sector was cruelly battered by this regime.
2) Rupee fell to an unprecedented historic low.
3) Inspite of a weakening ₹, exports was at all time low.
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The new COAL SCAM 2.0 is more damning than the previous one.
The Financial Times report titled "The mystery of the Adani coal imports that quietly doubled in value" is an extraordinary revelation that can unleash another EARTHQUAKE in the markets
See how middlemen were bribed:
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India has been quietly demoted in Russia's geopolitical playbook. Russian oil imports has been decreasing. NDA propagandists will be burning midnight oil to assure everyone that God in his Heaven and all's right with the world. They will hide hard facts.
Here are some facts:
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FM alleged that the UPA failed to handle the Global Financial Crisis in 2008-09. However,let's look at GDP growth figs:
Q1 2008: 9.2%
Q2 2008: 7.9%
Q3 2008: 7.7%
Q4 2008: 5.8%
Q1 2009: 5.8%
Q2 2009: 6.1%
Q3 2009: 7.9%
India was the only country to avoid -ve growth in all 7Qs
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Agriculture, manufacturing, industry.... You name it and you have it.He has failed in all parameters in comparison to his predecessor.The narrative spinned by those unsung heroes of intellectual tomfoolery is so absurd that they didn't even tried to back up their claims with data
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Amit Malviya, the puppet of a delusional regime, went from popping champagne corks like they'd conquered the world to getting a brutal reality slap from the IMF's scorching report on their debt mismanagement – talk about building castles in the air and watching them crumble.!
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"NSO shows that while income from production increased at an annual 7.8% rate in April-June, expenditure rose by only 1.4%. Both measures clearly have many errors. The NSO nonetheless treats income as the right one. This is an obvious violation of international best practice."
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"The US Bureau of Economic Analysis accounts for the often sizable difference between income and expenditure by reporting the average of the two. When we apply the BEA method to Indian data, the most recent growth rate falls from the headline 7.8% to 4.5% – a marked decline."
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Today morning PM was at Bharat Mandapam to inaugurate 5G labs. Quickly,he started throwing some nasty jibes on the UPA. He attacked on 2G and pretended to be clean on 5G.
This is in fact completely untrue. A Raja, former TM alleged a huge ghotala in allocation of 5G auctions.
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Dude was born into upper caste “Vaishya” family,that is given title of “Modh”,for being superrich,like Modh Brahmin,Modh Bania.
Dude included his caste in the OBC list in 2002 after coming to power,and now he is the biggest OBC
IF DECEIT HAD A VISAGE, IT WOULD BEAR HIS LIKENESS
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Amit Malviya must retire from running this incessant mendacious propaganda. There are people in BJP who can outperform his pathetic intellect.
So here is a fact. Debt to GDP ratio is measure of financial leverage for a country which ideally should be around 60%.
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Is being incorrigible and stupid a pre-requisite to be in the Congress? What is more shocking is that the spokeswoman was supposedly editor of a business channel, before she became a Congress candidate overnight. No wonder with such duds around, Congress ran the economy to the
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The tale of UP's GDP is even more absurd.
Claim is, "1 trillion economy banayenge"
For that you require 32% growth rate.
Result : Under Bisht's tenure, average GSDP grew at 3.2 percent
Are the pseudo historians and podcast experts listening?
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The imagination of these pseudo historians are so fertile that they don't mind claiming that the dinosaurs were actually the ancestors of modern-day chickens. When challenged with facts,they get scared and try to brazen it out.The other pseudo historian lives his life in YT reels
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2) Number of speeches: Narendra Modi has made few speeches in Parliament. He has made an average of 15 speeches per year, compared to an average of 30 speeches per year for previous Prime Ministers. The reason being obvious. In Parliament Teleprompters aren't readily available.
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The frisking process of
#NEETUG2023
has subjected me to a level of indignation that I have never suffered before. Several women and others were asked to change their pants, open their inner wears. Several girl students had interchange their jeans with their mother's...
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The podcaster tried to be more loyal than the king.
He said, "Oh, one thing I can say is UP is very safe"
Fact of the matter is UP has become the cauldron of crimes. Dacoity, dowry deaths all have increased.
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The ruthless expulsion of one of the finest MP is akin to a corrosive acid seeping into the very soul of the Parliament. But beyond the intricacies and details of
@MahuaMoitra
case, there is a far far more sinister game playing out which sadly nobody is talking about!
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So ostensibly EAM reached out to Indian American Representative Ro Khanna to let PM Modi address US Congress. It's pretty evident that RaGa visit has frustrated Modi. PM's self aggrandizement comes at cost of compromising Hindutva and his own self respect (if there is any).
Read
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5) No of debates: PM Narendra Modi has participated in only 7 debates in the Lok Sabha since he became the PM in 2014. This is significantly lower than the average of 25 debates that other PMs have participated in during their tenures.
Below is a data from LS Secretariat:
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The clandestine extortion scheme concealed within Electoral Bonds has been ruthlessly unmasked. Countless corporate titans have faced intimidation, with several incarcerated and coerced into becoming approvers in high-stakes corruption probes.
Here are just 5 CHILLING instances:
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A sector wise break up of growth in the last five years:
-Manufacturing: -1.3%
-Industry: 0.6%
-Construction: 3.1%
-Services: 4.1%
2 out of every 5, is multi dimensionally poor in UP. Three districts in UP has nearly 70% population which is multi dimensionally poor.
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Did the double engine failed? Perhaps, not so in increasing poverty,lowering growth. They get their max support from the most impoverished areas. UP is voting for forces that is further impoverishing them. It is because of this paradox that UP has become a purgatory of prosperity
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No industrialists invest in the state. They sign MOUs, but never commence their project.
The PLS report points out the DRASTIC decrease in labour participation rate across segment.
People no longer look for jobs. They flee from the state. Nearly 12 million has fled from UP.
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Arvind Subhramanian, the former CEA of Modi govt has once again kicked a FIRESTORM by weighing into the debate of false growth story.
The spectre of SUSPICION over the 7.8% growth figure is really hanging low. In a revealing column, he has pointed major problems with the GDP no:
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Yesterday Amit Malviya got a HUGE DRUBBING from the courts after it upheld the journalistic freedom and ordered Delhi Police to give back the electronic devices of the WIRE TEAM members.
However, his alleged role in taking down contents from Meta platforms remains unclear.
Read:
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3) Number of questions: Narendra Modi has also made few questions in Parliament. He has asked an average of 20 questions per year, compared to an average of 50 questions per year for previous PMs.Of course it's a fallacy to expect him to comply with Parliamentary norms
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"A just tax system is one where the burden falls heaviest on those with the broadest shoulders." - William J. Clinton
Our new Taxation scheme:
Contribution of:
Indirect tax: 42.8%
Income tax: 30.1%
Corporate tax: 26%
In Modi's India, the thinned ribs do the heavy lifting!
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After reading the judgement of Surat Court dismissing Rahul Gandhi's plea, I am baffled to the core.
The court said that the convict failed to illustrate any irrevocable loss that will be caused if the Courts doesnt suspend the conviction.This is very disturbing.
Let me explain:
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There are 10 overarching rationales to vehemently oppose the CAA:
1. The religion classification in CAA is arbitrary, and in contravention of Article 14 of the Constitution.
2. Country specific classification: exclusion of Sri Lanka & Myanmar is unreasonable and arbitrary
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GAIL& IOCL withdrew, giving the sole ownership to Adani.
They used state owned companies to first tender and then withdraw from contract to give ownership to Adani.
Mahua was quick to understand the CHRONOLOGY,so she asked the following question in the LS which sealed her fate
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Here how the deal unfolded:
-First, GAIL withdrew from Paradip port which it entered with Odisha govt and took a 11% share in Dhamra.
-Next, IOCL took a 38% in Dhamra.
-The rest 51% was given to an "unspecified partner" which turned out to be Adani.
2 yrs later........
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@sunandavashisht
I wonder if you ever went to a school.
Multidimensional poverty in
Bihar: 26.5%
West Bengal: 8.6%
Per capita income:
Bihar: ₹54,383
West Bengal: ₹141,373
Do you want me to embarrass you more with data and stats?
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4) Impact of bills passed: The impact of the bills that Narendra Modi has passed has been limited. Many of these bills have been criticized for being poorly drafted or for having little impact on the country.
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Moitra had therefore to be to be stopped from demanding an answer in Parliament. Had the GOI answered, it would landed in a HUGE TROUBLE.
The desperate attempt to expel the MP was to evade scrutiny and block her which highlights the depth of the clandestine nature of the dealings
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For WB, Punjab and the South Indian states, the Central govt is a tax eating machine.
The poor of these states don't get any benefit from the rich working class of that state. In other words, an income tax payer of TN is working to fund the ration of the poor in UP & not TN.
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Sanjeev Sanyal of the PMO talks about the huge demographic dividend that India has during nxt 25yrs
Perhaps, he doesn't know a entire malnourished generation is being produced in PM's own Constituency.
-Stunted Children: 44.7%
-Wasting in Children: 25.3%
-Underweight: 45.4%
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"It can't happen here" thought millions of Germans in 1933 as they handed power to Hitler. They thought were safe from the rage of the masses until death & tragedy razed their nation.
Today India is edging towards fascism,but many dismiss it with disbelief. This one for them.
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This report by The Washington Post is not a normal investigative expose by any standard. Chilling details, sensational evidences and a thorough expose on how BJP manipulates/hacks platforms like WhatsApp to carry out incendiary hate campaigns.
Read.
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The details of ₹46563 crore SCAM in Dhamra.
Link to the BIG Report as published by the
@thewire_in
:
@Aakar__Patel
@OfPinaki
@svaradarajan
@manickamtagore
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The truth of matter is, Modi doesn't know where is feet is, both politically and diplomatically. At home, he is falling short of majority, escaping near defeats in his own constituency. Outside, world leaders are humiliating him for his incapability to drive the country &economy.
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On March 16,2023 Mrs Moitra asked a mammoth 7 pointer question about the Gangavaram Port in AP. In part (e)she asked whether it is true IOCL would move from Vizag port to Gangavaram port. This is exactly how IOCL first moved from Paradip port to Dhamra and latter withdrew it.
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MASSIVE: Sanjay Bhandari, a wanted arms dealer named in the charged sheet along with PGV has a rather intriguing phone log, revealing 164 calls between him and BJP's Siddharth Nath Singh, often hailed as Shah's goto guy. Adding spice to the mix is Shehzad Poonawalla's 2016 letter
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Describing India's unemployment rate as SCARY barely scratches the surface. Even among the employed, a substantial segment grapples with abysmally low daily wages, merely scraping by.
-In rural India, a staggering 85.6% of male workers toil as casual laborers/ self-employed.
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In a shocking statement, top govt economist calls for "reorientation of Food Security Act". Apparently, he is convinced that the poor 80 crore doesn't need ration. Who needs, one may ask? Perhaps Adani, Ambani.
Is BJP trying to hoodwink the nation in name of ration?
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Aghast to hear that CBI is raiding at
@MahuaMoitra
South Kolkata residence. Let's call it what it is: the 2024 election is a grotesque charade, meticulously rigged to eviscerate India's democratic essence. This is not just an emergency. India has become a Tsarist Autocracy.
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The economy is teetering on the brink of collapse. India's per capita income is the lowest among G7 nations. Around a decade and a half ago, India was hailed as the "Bird of Gold"; today, it is known for her "Billionaire Raj" dominated by unabated crony capitalism & poverty.
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A foot in the mouth moment in the Economic Survey 2024. West Bengal is conspicuously missing from the list of states receiving MGNREGA funds. A tiny footnote casually mentions that the state was ineligible. So, the poor of WB don't merit their 100-day wages.
Caught red handed!
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NaMo is no anti corruption crusader. He is a living insignia of corruption.
The efficacious manifestation of his double handed loot is construed on the anvils of crony capitalism. He robs Petter to pay Paul.
HIS TENURE IS BE DOTTED WITH SCANDALS.
Read this expose:
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The political game looks like this:
-GOI will tax the Southern states to fund freebies in Heartland,get votes
-The poor of Heartland will be satiated with token freebies all while hiding the failure of their leadership to bring equitable growth
Kill two birds with one stone
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Let's us not forget that Vasundhara Raje's governance was a nightmare. She held the state Hostage by her Neglect & Corruption.
Vasundhara Raje egregiously turned Rajasthan into a safe haven for fugitives like Lalit Modi.
Mrs Raje secretly supported Modi's immigration plea.
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When will GOI and it's drum beaters stop giving masterclasses in the art of being spectacularly mediocre?
What causes this paroxysm of ecstasy?
Aren't the econ advisors of GOI aware of the fact that increase in GDP nos has much to do with inflation and less to do with growth
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The recent spree of SCANDLING accusations on Rafale should ROCK the GOI!
This should ablaze the media with outrage!
Mediapart reports GOI has de facto refused to comply with a formal request for international cooperation on the case by the two French judges in charge of..
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In the 10 years UPA have been in power, the GDP almost quadrupled, a feat unheard and unachieved by any advanced economy then.
Japan was the first country which doubled its GDP in a decade while China broke it by tripling its GDP in a decade. India quadrupled in 2004-14.
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In 2017,the courts gave a 1552 page order that said that there was no criminality involved in the allotment of 2G spectrum. The order noted that it was a scam by "artfully arranging a few selected facts and exaggerating things beyond recognition to astronomical levels".
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In the 176 seats reserved for the SC/STs across the three states, the Congress party had won 62% seats in 2018. In 2023, the seats fell to 38%. To me, this should be the REAL topic of introspection as to why the most natural vote bank of Congress now stands estranged from it!
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The middle class of India don't give a damn if the Centre turns around a judgment of SC.
The middle class of India don't mind to live under the fear of their cash turning into a toilet paper someday.
The middle class of India don't care if the minorities are ostracized.
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Central Government Public debt has risen over the top.
2014: 39.4% (of GDP)
2024: 51.4% (of GDP)
Government borrowing in
2013: ₹5.7 lakh cr.
2024: ₹14.13 trillion.
(Increase of almost 3X)
A reckless borrowing spree, skyrocketing debt and a measle capex sums up the budget.
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Reportedly, Modi was left waiting for several agonizing minutes at the gate during his visit. Both in the globe & domestic arena, his political stature has diminished. Last year, media outlets reported that Modi refused to get off until Deputy Prez SA arrived to wlcm him.
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Under the premiership of NDA, the only achievement you can boast about is writing off large NPAs which are nothing but de facto waivers given to crony friends who in turn gives you hot money to win elections.
From 2014, you have written off 14.56 lakh crores alone.
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In other words, it's the people of South India and states like WB and Punjab who are working to ensure that the chair of the CMs in UP, Bihar, MP, Chattisgarh etc remain with them.
To run a double engine set up, you need the Southern states to fund your fuel.
See chart:
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Every month we hear GST collections rose all time high.
But how many times do we hear corporate tax collection has hit all time high? Perhaps never.
The Centre slashed corporate taxes which cost them some ₹1 lakh crore. If indeed corporate tax cut move was far sighted.....
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"My leader Mahatma Gandhi fought the entire British Empire. He had no force....... ": Rahul Gandhi at Stanford University.
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Agenda driven economists are delusional & dangerous! And when it's an PMO backed agricultural economist,rest assured, their plow tills only the fertile fields of corporate interests. Was shocked to hear some of the MYTHS one "agri economist" peddled on nat TV.
Let's debunk them:
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World leaders are acutely aware of,& it is precisely why, in subtle ways, they treat Modi as pariah. Their sidelong glances &curt exchanges betray a recognition of his bad leadership, marking him as an outcast, despite the veneer of camaraderie he desperately tries to project.
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The G7 communique's concern over "foreign interference in democracies" was the BIGGEST SNUB to India, aligning with accusations by the Trudeau govt of Indian meddling in their elections—twice. The media completely blacked out this, instead choose to dance over Modi's photo.
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At one point,he goes on to deride Mrinal Sen, one of greatest filmaker ever born to drive home his political agenda. Anything that doesn't align with his agenda can be labelled as "poverty of aspirations".
He has weaponized his roots to target a culture.
Where is the outrage?
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The reason why economic issues don't become poll issues in the Hindi Belt is because they really haven't beared the brunt of fiscal austerity. Hence the accountability of the leadership remains minimal.
Which is why, people vote on caste lines, Ram Mandir, religion etc.
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