FDI in Insurance: Appeasing US & Finance Capital

THE Modi government has extended a welcome gift to John Kerry, the US Secretary of State who is visiting India. The union cabinet has approved the raising of the FDI cap in the insurance sector from 26 percent to 49 percent. An amendment to the Insurance Laws will be placed in this session of parliament itself. This will fulfill a longstanding demand of the United States, as voiced repeatedly by the India-US business forum which was set-up during the UPA-1 government.

BJP’s Acquiescence to Israeli Attacks on Gaza Not Acceptable

AS we go to press, parliamentary proceedings in the Rajya Sabha were disrupted for the day over the issue of a short duration discussion on the Israeli armed attacks on the Palestinian Gaza strip. The revised list of business for the Rajya Sabha for July 16, 2014 was circulated in a printed form, as is the practice, before the proceedings for the day began. This listed a short duration discussion on this issue soon after the question hour that ends at 12 noon.

39th Anniversary of Internal Emergency

THIRTY Nine years ago, on this very day in 1975, as we go to press today, “Internal Emergency’ was declared by the then Congress party government at the centre headed by late Indira Gandhi. As the sun rose that day, thousands of people were arrested and jailed, thus, heralding the darkest chapter in the history of democracy in independent India. It was only after a relentless struggle by the people of our country that this emergency regime was defeated in an election that Ms Gandhi was forced to call in early 1977.

People’s Miseries to Mount Exponentially

EVEN before the new government announced the schedule for the budget session of the parliament and the date when it would present its first budget has come worrisome news on the economic front. This has two dimensions – one for India Inc. and the other for the vast majority of our people. As we noted in these columns earlier, post-elections is the payback time for those who heavily financed the BJP election campaign and forcefully projected Narendra Modi as the `messiah’ of India Inc.

Claims of Good Governance are Suspect

AS we go to press, the current session of the parliament has been adjourned sine die. This first session held after the 16th general elections ended on the third day since it began with the customary rendition of the national song. This is probably the shortest parliament session in recent memory. The only agenda was the adoption of the customary motion of thanks to the president for his address to the joint session on the first day. The motion of thanks was moved in both the Houses on the second day and was adopted on the third day, thus ending the session.


ADMITTEDLY it is too early to comment upon the functioning of the new government. The president of India, as is customary after every general elections, will address the joint session of the parliament after the newly-elected MPs are administered their `oath’ and the Lok Sabha elects its speaker. This address is scheduled only on Monday, June 9, 2014. In this speech, the president of India outlines the general blueprint of the work that `his’ government intends to do. This usually prioritises the government’s promises that will be undertaken/fulfilled during the first 100 days.

Double Whammy Attack

THAT the RSS/BJP speaks with a forked tongue has been well-established. This perfection of the practice of `double speak’ is designed to pursue a dual agenda. One that constitutes the pursuit of the RSS’s core agenda – sharpening communal polarisation – while pursuing another agenda for public consumption. That the RSS/BJP adopted such a dual agenda during its election campaign was articulated in these columns earlier.


Subscribe to RSS - Editorial