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MONDAY, FEBRUARY 3, 2014 DAILY EXCELSIOR, JAMMU daily Excelsior Governance is the challenge of 2014 Rahul in interview controversy Established 1965 Dr Bharat Jhunjhunwala stream economists are generally are likely to move towards the Founder Editor S.D. Rohmetra bullish on the US economy. The US. That would lead to a flight Harihar Swarup Ahmedabad.' reality, however, is that not to resident Pranab Mukher- growth rate in that country is of FIIs from India. We can Rahul was, perhaps, right, name Rahul as PM candidate jee has given a warning to arely has an interview irrespective of what some news- was a defensive move, calculat- picking up and unemployment is reduce this impact if governance drawn so much atten- 659 new admin units Pthe politicians that people not increasing. This happy situ- is improved and our companies paper editorial feel, that there ed to avoid a presidential-style are restive because the Govern- Rtion, both for right and was no comparison between the face-off with the formidable BJP ation, however, is built upon the do better in the intense competi- wrong reasons, as that of Rahul n a landmark decision, the State Cabinet gave its ment is not measuring up to their anti-Sikh riots and mass murder nominee Narendra Modi. But huge stimulus injected into the tion for global capital. Gandhi's to Times Now. Almost nod to creation of new 659 administrative units expectations. The warning holds in Gujarat. Doubtless, anti-Sikh people are under no illusion that economy by the Federal Reserve The second possibility is that the entire media-both print and across the State. Flanked by his cabinet col- equally for the economy. The riots were most unfortunate, can in the event of the Congress and I Board. Recently, the Fed has the US economy will crash visual-pounced on him, accus- main problems facing us here are never be justified and guilty its allies forming the govern- leagues, Chief Minister Omar Abdullah announced in started tapering the stimulus. Till under the burden of debt as it ing him of being repetitive, price rise, low growth rate and happened in 2008. The cost of must be brought to book but, at ment Rahul will be the Prime last month it was buying USD 85 ridiculous, there is much to crit- a press conference that the Cabinet had considered falling value of the rupee. All production is likely to increase the same time, imagine the anger Minister. billion worth of bonds every icize, superficial, a coup by and accepted the recommendations of the Cabinet these are a result of bad gover- due to tapering of the stimulus. of the people at the assassination Whatever the critics of month. This money was being Times Now, uttered the world nance. Consider price rise. Gov- In this case there will be a scram- of a leader of Indira Gandhi's Rahul's interview may say, the Sub-Committee (CSC). This Committee had been injected into the economy till "system" six times. He uttered ernment revenues are leaked ble among global investors to stature. Both Delhi riots and fact remains, that he came out as created under the orders of the Cabinet which had recently. Interest rates were near the word in such dire tone, you away to be deposited in Swiss pull out money from the US and Gujarat massacre were most a sincere politician interested in zero. Consumers borrowed for felt a monster is waiting for the previously considered the recommendations of the Banks or in buying gold. The invest in emerging markets like unfortunate and a dark chapter in changing the system instead of consumption; and businesses interview to end before it sys- Ganai Committee for creating additional administra- government has to borrow more India-as happened in 2008. India's history and no purpose grabbing power. Congress borrowed for investing in tematically gobbled us all in its monies to cover this loss of rev- There was a short period of out- will be served by opening old spokesman Singhvi claimed that tive units of different categories across the state. At emerging markets like India. "predatory" way. However, enue. The Reserve Bank prints flow followed by return of FIIs wounds. It is in national interest even Rahul's worst critics would that time the Cabinet had some reservations in empowerment of women, more money to increase liquidi- to forget the two unsavory inci- have to concede that he had hon- The recent elections have indicated that youngsters, RTI, deepening accepting the Ganai Committee recommendations, ty in the money market so that dents. esty of purpose, commitment democracy are real issues for and, in order to further discuss the matter objective- the Government can borrow eas- the people are moving towards BJP-AAP. Rahul was little tactless in and humility. "He is committed Rahul. ily. This increased supply of cur- handing question regarding Del- to his ideas without worrying ly, the Cabinet Sub-Committee had been constituted Both these parties are, I believe, less Perhaps, for the first time, the rency leads more notes chasing hi riots. He floundered on 1984 about an adverse fall out. Others, under the chairmanship of Deputy Chief Minister Tara interviewer, Arnab Goswami, same amount of goods and, question, and despite the fact who aspire for the top job speak corrupt. Modi has cleaned up found himself in an unusual Chand. therefore, to price rise. that the Prime Minister and with forked tongues, abuse oth- position of debating his own There were some differences between the coali- Our growth rate is similarly administration in Gujarat. AAP is likely to Sonia Gandhi have apologized ers and only talk about them- interview. The Last Word (CNN- falling because the Government for the incident, Rahul defended selves." tion partners on the subject of creation of new admin- do so in Delhi. Therefore, I am quite bullish IBN) examined what Rahul may is allowing the revenues to be the congress government's Singhvi feels that Rahul had istrative units. However, after long debates and point- have learnt from the interview; siphoned away; and using the on India. Ascendency of these parties will action, seemingly oblivious to just begun his journey and it plenty if you go by panelists. counter-point discussions, finally the report prepared money for buying votes through the fact that 3,000 people cannot would not be right to draw con- spontaneously solve our economic woes. Two remarks of Congress by CSC did the balancing act and resolved the mat- programs like loan waiver and be killed if the state was doing clusions at this stage. But one vice-president-over 2002 riots in MNREGA; instead of investing in 2009 onwards. its job. positive that every Congress ter amicably. The Fed has now decided to Gujarat and 1984 anti-Sikh vio- in research and improving infra- reduce borrowing by USD 10 In this case we will stand to In the interview Rahul had, leader talked about is Rahul's Indeed, as the Chief Minister has said, it is a his- lence in Delhi- sparked off con- structure. The rupee is falling, billion every month. Tapering benefit from FII inflows. The perhaps, inadvertently said that readiness to lead from the front. troversy. Rahul held Narendra toric decision which was never taken before and will similarly, because our exports will lead to less availability of flow of investment to India, "some Congressmen were prob- Singhvi hoped he would be more Modi guilty of 2002 violence in never be taken hereafter. The new administrative are less due to high cost of pro- money, a rise in the interest rates however, will not be automatic. ably involved in 1984 riots and political in coming days. structure is perhaps the widest possible framework duction. This, in turn, is because and reduced borrowing for con- FIIs will assess whether Indian Gujarat, evoking sharp reaction they have been punished." The The Congress Vice-Presi- our manufacturers have to pay sumption as well as overseas companies are likely to make from the BJP who asked him to logical question was; who these dent has long been criticized for that could be construed by any Government. The ulti- more profits in comparison to hefty bribes and infrastructure is investment. keep in mind that Gujarat Chief persons were and this gave an being rarely seen and almost mate purpose of this stupendous exercise in the bad. Our goods are priced out of those in, say, Mexico or Brazil. Minister was exonerated by a opportunity to several Sikh never heard. His parliament There are two possibilities The ability of our companies to words of the Chief Minister is to bring the people of the global market. Improvement here onwards. One possibility is Special Investigative Team groups, including Shiromani presence is negligible, he of governance will, therefore, attract global capital will depend (SIT) monitored by the Supreme Akali Dal (Badal), to stage a ignores the media and the gener- the State closer to the Government and give them a that the US economy will sur- on they having low cost of pro- solve the problems of price rise, Court. AICC spokesman, protest outside the Congress al public. Therefore, he decided feel that Government authorities and agencies are vive tapering. Economic activi- duction. That, in turn, will growth rate and falling value of ty will continue to rise so that Abhishek Singhvi, asserted that headquarters at 24, Akbar. They to give an hour and half long close at hand to listen to their grievances and pro- the rupee. depend on good governance. On businesses can survive despite the flip side, we will face prob- there was no clean chit to Modi demand that the Congress Vice- interview to a TV channel, with vide them solutions.