WTF Just Happened: September 22 edition

Subramanian Swamy plays canary in the coal-mine in a recent interview,  where he said that the economy was heading for a “tailspin” and that the signs have been evident since May of last year when he first warned Prime Minister Narendra Modi of the possibility.

It is not a new message; economists have been warning of this possibility for over a year now, before demonetization, first, and then the hasty introduction of GST, struck further blows at the economy. Those warnings were deflected as coming from ‘anti-nationals’ and the ‘Lutyens media’ — criticisms that can hardly be leveled at Swamy, which is why it pays to listen to the interview in its entirety.

‘Tailspin’ is the leitmotif of an alarming number of stories/analysis in the media. A detailed Livemint analysis of the state of the economy has ‘tailspin’ right up there in the headline; the same paper details a UN Conference on Trade and Development report that warns of ‘serious downturn risks’. A recent State Bank of India report categorically refutes BJP president Amit Shah’s spin that the slowdown is for ‘technical reasons’. The Economic Times warns of a looming pension crisis; the Organization for Economic Cooperation and Development has downgraded its forecast for the fiscal ’18.

Swamy makes the point that a series of planned remedial measures are urgently required if the trend is not to become irreversible. A series of news items from recent times indicates why:

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What The Fuck Just Happened?: 21/09 edition

I was supposed to be in Kerala this week — partly for personal reasons, partly to meet with some local journalists and grassroots politicians from both sides of the divide to gain some sense of what is going on in my home state. Torrential rains and a landslide blocking NH17 along the Thamarasherry stretch of the Ghat road caused a postponement, but news from there continues to stream through my email box. Like, so:

#1. Students Federation of India goons attack policemen attempting to prevent them from clashing with a rival group. Nine suspects have been booked in the case, under Section 332, causing hurt to deter a public servant from his duty. (more stringent clauses, relating to assault, attempt to murder etc would be a more effective statement).

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Match fixing

This is just flat out funny — a cricket match between the UP CM’s XI and an IAS XI showcases everything that is wrong with government and its relationship with the bureaucracy. Watch the video — the expression on the face of the bureaucrat who bowls the CM is alone worth the price of admission.