Ad Here  
February
March
April
May
June
July
 
 
A 5-6 per cent growth is given… The Chinese model for rail development Corruption institutionalised; technique perfected BHEL – R&D and image building require more attention DMK does it again Of judiciary and GM Fast - track railways to prosperity... Cleansing a corrupt system… Gujarat model for port development Drive ahead, the road is well-laid... Welcome continuation of the reforms thrust Go for a One Power India Physician, cure thyself… Little for development Between the bang and the whimper… Where’s the big idea? More lustre to leather: 70 years of CLRI Welcome aboard President Kovind Take the next leap forward... Welcome euphoria over the east Need for more Kanoon, Kovind and Kumble Rahul coronated Entering the 50th year… Imperative to take states along… IE completes 47 years... 10-point programme The four DISRUPTIONS of the month LOT CAN BE DONE THROUGH THE PPP MODE... BJP, shift to south Trail-blazing Tamil Nadu Fear of bankruptcy, liquidation ‘High speed’ diplomacy... TN budget - little leeway for capex AAP - change from street fighting to administration Call for INNOVATION, for R&D Open letter to citizens Has PC missed out on BIG BANG REFORMS? Mr. PM, bite the bullet... Physician, cure thyself An unhealthy adversarial relationship Repeat 1991– work on a growth budget... Flying High? A WATERSHED YEAR Narendra Modi turns “THREE” BJP’s one man army... BJP - the unifying force (of opposition parties) ! Jaya Ho Reserve and perish Scientists, please raise your voice for GM crops Rajini can’t or can? A challenge and an opportunity for OPS State Elections: Mid-summer marathon Light at the end of the tunnel – Cauvery Management Board to be set up
 
Kanoon, Kovind and Kumble

Six months into 2017 and we are witness to the most defining moment of 21st century India.

In the Central Hall of the Indian Parliament, Prime Minister Modi does a Nehru. Freedom at midnight talk, 70 years after Nehru’s famous tryst with destiny speech. While that time India awoke to life and freedom, this time around the countrymen woke up to a brand new law that would be the one-stop shop for all indirect tax legislation, the Goods and Services Tax Act. 

With the kicking in of GST, India has walked the global highway of Value Added Tax,  a doctrine to which 160 plus countries are already wedded. India may be late, but it’s better late than never.

Never before in history has a new legislation been awaited with bated breath and spoken of so very widely. An idea whose origin in India as is with everything else is shrouded in intrigue, arguably germinated in 1999, gained both traction and momentum between 2005-2010, before losing its steam.  It eventually picked steam under the NDA and is now law.

Elsewhere in this issue, we talk in depth about the historic Goods and Services Tax Act. 

 

Ram Nath Kovind and Abdul Kalam

Earlier, the prime minister pulled a rabbit out of his hat in announcing the name of Ram Nath 

Kovind as the BJP’s presidential candidate. No one can from what appears in Wiki, have an argument against his name. The only trouble is that I genuinely asked myself “Ram Nath Who” as Tendulkar had once asked of Noel David, the cricketer. 

Kovind’s elevation, whatever you might say, was political. Seventy years on, it’s rather sad that India considers affirmative action as a virtue. Sad that a name is chosen to ensure that some parties cannot but plumb for him. Politically, it may be a masterstroke, but from the standpoint of statesmanship, it falls rather flat.  This like I earlier said does not in any way take away the merit of Kovind being president. 

The only time that a head of government walked the extra mile to pick a head of state, we got a man called Abdul Kalam and a grateful citizenry, from age 7 to 70, swooned over him. 

One thing is but clear.  Decision making in this government is both centralised and micro-managed. 

In the next issue, we talk in great about the new president and his understudy, the new vice-president. 

 

Coach Kumble tumbles

Indian cricket is awash with a star syndrome. So much so that even a legend like Kumble (who can forget the tall genius bowling with a bandaged head), with the work ethic of corporate CXO, has had to take a bow following the tantrum of a superstar Kohli. 

While it is true that the captain delivers on the field, you also need to have someone who offers a mirror to the team. And that’s the job of a coach. Internationally, coaches are highly respected. When the boundaries of the roles of the captain and coach are defined there should be no encroachment on each other’s space. True, it might create two power centres, but if the Board had spelled out in clear term, who will come tops in a struggle, it would have been fine.

Dravid got on with Guru Greg despite the fact that Greg Chappell was at his acrimonious best with Indian cricketers. Gary got along famously with MS.  The trouble, I suppose, comes when work cultures are dramatically different. Kumble originates from the disciplined, hard working stream while Kohli plays up to the gallery given his dalliance with Bollywood as well. That he is a magnificent player is another matter. But if you cannot respect the coach, then we have disaster awaiting us. 

In a battle between the chairman and the CEO, it is not necessary that the chairman should always lose. 


Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com