Dhiraj Nayyar @nayyardhiraj
Director, Economics & Policy @VedantaLimited I Columnist @EconomicTimes I Former Head, Economics, Finance & Commerce, @NITIAayog. Views are personal New Delhi Joined February 2013-
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Yet to meet the 20%! 🐕
But all those IAS officers report to the PM who is an OBC. And they all serve at the pleasure of the President who is a tribal. Can't recall that happening in the past.
But all those IAS officers report to the PM who is an OBC. And they all serve at the pleasure of the President who is a tribal. Can't recall that happening in the past.
The Modi government has achieved the right balance of productive #Redistribution and growth. I write on 5 things everyone should know about redistribution before making up their minds.
Problem in India is that no taxes are abolished. Only new ones introduced. So inheritance tax, even if mild, will be above income tax. And then there will be evasion or avoidance. So, will fail in practice.
Problem in India is that no taxes are abolished. Only new ones introduced. So inheritance tax, even if mild, will be above income tax. And then there will be evasion or avoidance. So, will fail in practice.
Eagerly await the views of Raghuram Rajan on the redistribution debate, particularly on Sam Pitroda's inheritance tax proposal and caste census based redistribution. @SandipGhose @TheJaggi
Eagerly await the views of Raghuram Rajan on the redistribution debate, particularly on Sam Pitroda's inheritance tax proposal and caste census based redistribution. @SandipGhose @TheJaggi
Fascists 😂
The West regretted the rise of Japan which was no military threat. When India reaches a critical mass in terms of economic power, the West will inevitably have regrets. Who likes rivals? But India won't be like China and not just because of a difference in political systems.
The West regretted the rise of Japan which was no military threat. When India reaches a critical mass in terms of economic power, the West will inevitably have regrets. Who likes rivals? But India won't be like China and not just because of a difference in political systems.
In a democracy, govt is expected to be responsive to it's people. For too long, India's govts pandered to vested interests & left majority people poor. By challenging those interests and making govt truly responsive, @narendramodi has proved himself a true democrat.…
Modi's welfare policies and efficient execution have benefitted people of all castes, religion, region. And that is the way it should be. The thing they have in common is relative poverty. And that is what needs targeting.
PM @narendramodi is not an autocrat, but a true democrat. From a government that, for long, was captured by narrow vested interests, we now have a government that responds to the aspirations of 1.4 billion Indians.
PM @narendramodi is not an autocrat, but a true democrat. From a government that, for long, was captured by narrow vested interests, we now have a government that responds to the aspirations of 1.4 billion Indians.
This 'right on resources' argument is a passe' redistribution-first one. Country needs to focus on growth and generate more resources. If we grow fast, there will be enough for everyone. Opposition criticises government record on jobs but still stuck in an old, failed paradigm.
This CSDS survey suggests a better outcome for BJP in 2024 than 2019 because North and West vote share is essentially the same but significant improvement in South and East/North East. In fact, in South, BJP predicted vote share higher than Congress. Busting some myths.
This CSDS survey suggests a better outcome for BJP in 2024 than 2019 because North and West vote share is essentially the same but significant improvement in South and East/North East. In fact, in South, BJP predicted vote share higher than Congress. Busting some myths.
Interesting that support for the BJP among all classes is double or almost double that of Congress. PM @narendramodi transcends traditional divides in his popularity.
Interesting that support for the BJP among all classes is double or almost double that of Congress. PM @narendramodi transcends traditional divides in his popularity.
A False Divide: South India isn’t necessarily richer than North India, writes @nayyardhiraj t.ly/SH3a3
Great opportunity for young policy professionals/enthusiasts.
Great opportunity for young policy professionals/enthusiasts.
Whether it is made in Germany or in India, the argument that India's debt GDP ratio is troublesome in nonsensical. As long as debt is invested productively and yields growth (happening in today's India), it is good for the country.
Whether it is made in Germany or in India, the argument that India's debt GDP ratio is troublesome in nonsensical. As long as debt is invested productively and yields growth (happening in today's India), it is good for the country.
For politicos who want radical #redistribution, here's a manifesto suggestion. Convert the entire Lutyens Bungalow Zone in New Delhi into affordable housing for the lower middle classes. Like charity, redistribution should begin from home!
For politicos who want radical #redistribution, here's a manifesto suggestion. Convert the entire Lutyens Bungalow Zone in New Delhi into affordable housing for the lower middle classes. Like charity, redistribution should begin from home!
I always ask this question of those predicting India's long term success. I don't believe it is agnostic of government and policy choices. A government with the wrong policy priorities can stall progress.
It's not about being selfish but why should more and more taxpayers' money line the pockets of sundry middlemen and political hangers on. That's what happened in the 'leaky' Congress Raj.
It's not about being selfish but why should more and more taxpayers' money line the pockets of sundry middlemen and political hangers on. That's what happened in the 'leaky' Congress Raj.
Prof. Shamika Ravi @ShamikaRavi
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33K Followers 2K Following Commercial pilot 🇮🇳 | Feminist | Liberal | Love is love | Views are personal | Instagram: girl.pilot | 🍉A fascinating interaction with @therealkapildev on the radical transformation in the game of cricket thanks to @IPL and how young batsmen with a wide array of bold stroke play are making the big difference. Kapil remains his kind, humble, genuine self - as phenomenal a golfer now…
My mother's Chikoo tree gives hundreds of Chikoo's to eat & share every year 🙂.
Dear @JoeBiden, India gave safe refuge to persecuted Parsis, Jews & Christians over millennia. America’s founding fathers were invaders with guns not visas, shooting Native Americans or killing them with smallpox they brought with them from Europe. Whose history is #Xenophobic?
The big change after 2014 in India is a strong sense of Bharat First, where we have both the confidence to think through the pathway and using national interest as the primary metric of judgment. This has encouraged us to pursue a multi-vector diplomacy that maximizes partners…
Amazing. Look at the size of just one wind turbine blade! Usually we only see these at a distance in wind farms! Each of these requires not only concrete, iron and steel but critical minerals like aluminium, zinc and copper. Offshore wind has 9 times the mineral intensity of…
Note - the new #NaviMumbai intl airport will have only 2 parallel runways. Hence the need for more intl airports in the #Mumbai - #Pune region. (The combined region will be one of the largest metro regions in the world... comparable with Tokyo Metro Region in population).
Had the opportunity to raise the problem of sovereign credit ratings in the @UN this week. Highlighted that: 1. Never in the history of ratings has the 5th largest economy - India - been rated BBB. 2. Rating is purely a mapping onto the probability of default, which depends in…
UK is sending Khalistani tangos back outside formal extradition channels. Coz they desire that FTA w/India, deeply. All the blazing moralising on the justness of our cause has far lesser impact than the ability to sign off on a big cheque.
Right, China has elections every 6 mths, a raucous society critiquing the govt every day, foreign journos allowed to operate within the cntry freely. Its the same thing...
Promising growth, overlook the other stuff— US chamber and many in DC said the same about China 1996-2016. Then DC came to a realization and had a change of heart. (And JPM settled for $264M with the DoJ for hiring children of CCP officials in exchange for business)
Irrespective of who all have supported or opposed the inheritance tax - it is a really bad idea for a capital starved economy like India. It is not a coincidence that no emerging economy has any substantial estate/inheritance tax (see link). 9/n taxsummaries.pwc.com/quick-charts/i…
My friend @MalikAshok has coined terms such #KhanMarketConsensus, then when some in India were in a tizzy #ImranKhanMarketConsensus & last evening he coined a new term for some columnists while discussing recent writings (rantings) of a former media honcho/political appointee -…
India’s landless peasantry is the most marginalized community stuck in a feudal production relation. @INCIndia ‘s proposal means inheritance taxes on large farmers, introduction of income tax on large farmers and redistribution for the small peasant.
So you pay 40% income tax, then after ‘wealth survey’ half your wealth will be taken away and then when you die another 55% will be taken away. I hope the percentages are only of the residual value - otherwise we will all have to take a loan before dying.
Actually your party is in panic over what you said...
Who said 55% will be taken away ? Who said some thing like this should be done in India ? Why is BJP and media in panic ?
Hua to Hua.
It is unfortunate that what I said as an individual on inheritance tax in the US is twisted by Godi media to divert attention from what lies PM is spreading about Congress manifesto. PM’s comments Mangal Sutra & gold snatching is simply unreal.
The pace of rural highway construction in parts of MP has to be seen to be believed. Have spent the last couple of days travelling close to 1000 kms from Bhopal to Guna and then onto Muhasa, Mayapur, Bachro Chouraha and today from Guna to Chanderi to Bhopal. This profound…
Let’s explore Sam’s proposal. Naturally, the inheritance tax will kick in after a threshold. Most will figure out a way to transfer assets only under that threshold while shift additional holdings to trusts. No wonder why in 1985 Rajiv Gandhi abolished it.
By the way; US does not have a federal inheritance tax. Only a handful of states have it and the peak marginal rate is about 20% afaik!