Tag Archives: Narendra Modi

Act II – Money Legally Laundered – Distribution of Wealth

So this is a corollary to the earlier post ‘ Money Legally Laundered’.

So what will the Government of India do with the such a big booty that they have received due to the stashed black money that would be extinguished (in all probability we are looking at a figure of around 3 lac crores).

The best scenario that comes to mind and am quite sure more than a few of experts are also thinking on those lines – remit the amount directly to the bank accounts of the poor. This is truly the plank on which Modi had fought the General Elections in 2014 – the fact that there is so much of black money sloshing around in the system and if he comes to power, each Indian will have around 15,000 in his bank account. Well, now is the time to put one’s mouth where the money is, literally speaking.

Without doubt that was the reason why every poor person in the country was made to open Jan Dhan Accounts, perhaps this was the idea to crimp the rich off his black money and seed it to the Jan Dhan Accounts.

So as of 9th November 2016, there are near about 25,51,16,805 Jan Dhan Accounts that have been opened (according the Pradhan Mantri Jan Dhan Yojana website). Assuming that the Government gets a windfall of 3 lac crore (notwithstanding how does RBI transfer the amount to Government’s Statement of Accounts) it is highly likely that Narendra Modi is looking to seed each of these Jan Dhan Accounts with this windfall booty.

It is a great opportunity for him to walk his talk and put in some amount in to each of these Jan Dhan Accounts. Depending upon the amount that doesn’t come back to the system and needs to be extinguished, it is a goodish chance that a lion share of the amount, roughly around 2.5 lac crores, will be legally laundered and deposited in these accounts (round about 10,000 per account).

That is truly the levelling the playing field and being the consummate Robin Hood – pinching the rich and distributing in to the poor – the proverbial distribution of wealth, tried numerous times but hitherto never truly brought in to action ever.

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General Elections Plausible Outcomes

The mega show for the country i.e. the General Elections is in its final phase with the various parties batting hard in the final slog overs. The BJP with its prime ministerial candidate clearly has its noses in the front where as the Congress is reduced to has been. Perhaps and as many opinion polls predict, the Grand Old Party is going to have a hard time notching up even a 3-figure mark. All said and done these elections saw fiercely fought, no-holds barred, un-civilized words and even un-civilizing narratives. It was as if everything goes to get to 272.

But one has to admit that these elections were not like the previous elections ever. The magnitude, scale, narrative etc was distinct from other elections but then there are certain other aspects that clearly differentiate these elections from the ones that were fought before. There are certain outcomes/ideas that one notices that could portray the way the Indian political scene would be governed in the years to come.

Outcome 1: Clearly, BJP sought to establish these elections in the presidential format rather than the current parliamentary system that India has. It clearly pitched the strong, decisive and proven leadership of Narendra Modi against the oft-vacillating, somewhat pusillanimous and un-charismatic leadership of either Manmohan Singh or Rahul Gandhi. It is yet to be seen whether this strategy would pay dividends to BJP or not but it sure is evident that a presidential format strategy lends itself a wonderful opportunity to create a strong and credible narrative. On any given issue any political party is a function of the average viz. say on issue of corruption, any political party does include a person who is highly corrupt and along with includes a person who is highly incorruptible. The perception on that issue about the party generally hovers around the average. Thus the clear way forward is to subdue the people with wayward intentions and highlight the people with superior objectives. Thus when Modi says that for every button that you bleep against the lotus – the vote would directly come to me, the party is seriously trying to de-emphasize the negative aspects and personalities in the BJP and highlight the aura around one personality (necessarily the glaring difference between the singular and the plural). Going forward, one feels that to ask vote for an average i.e. a party is going to be much more difficult as compared to an ideal i.e. a person. Hence, chances are the presidential format for a parliamentary election would be the way ahead

Outcome 2: The Indian political scene is closely mirroring a developed democracy where in there are 2-3 principal parties going at each other in the General Elections. Most others are a part of one combine or the other. At the centre there is either a NDA or a UPA which generally forms the Government with the BJP or Congress being the principal party in the combine. The direction taken by the combine would be necessarily governed by the principal parties. The regional parties will tend to take sides and be part of either of the combine. To that extent, the Third Front is clearly a still-born concept

Outcome 3: BJP has a clear strong association of a Hindu-based party with a centre-right approach. Similarly, there is a clear vacuum in the political system for a similar such approach but with a strong association of a minority-based party. Most ‘secular’ parties – be it the Congress or the regional parties – which espouse the needs of the minorities, have been indulging in a rights-based approach. There have been dole-outs, subsidies and reservations but never ever the narrative arranged is the complete over-haul and development of the community. Perhaps, the rights-based approach works favorably for the ‘secular’ parties as a vote-bank politics but then the community as a whole receives very little. Gandhijji had once said that it doesn’t much matter to a person whether he genuflects before Mother Mary or Mother Kali as long as one of these helps him douse the ambers in his stomach. When the narrative changes to roti-rozgaar-kapda-makaan-shiksha surely the intolerant view about religion is bound to take a backseat. Just like nature, politics also abhors a vacuum and surely this space would see a fill-up

Outcome 4: It appears that the biggest loss in these elections would not be for the Congress (though chances are they wouldn’t even cross the 3-digit mark). In terms of the opportunity loss, one senses that the biggest would land at the door-step of Aam Aadmi Party. Just about a few months back the party which was the toast of the ‘aam aadmi’ so to speak has been summarily rejected and castigated by the same people. It appears that the AAP is bound to be restricted to at the maximum single-digit number in the Lok Sabha. Post the debacle in the General Elections and the ascent of Narendra Modi to 7 Race Course Road and more importantly the brouhaha in the Delhi Assembly if one were to extrapolate the results to the Delhi Vidhan Sabha elections (probably could be conducted in October/November 2014) BJP is most likely to get majority. If Narendra Modi would live up to its promise and oft-repeated one-liner ‘mein khata bhi nahi nah mein khaane deta hoon’ then in about half a decade’s time the raison d’être for AAP would be completely negated at least at the national level. Then there is a good chance of AAP to go through a thorough churning and most probably completely disband or reduce to a has-been on the fringes of the political scene restricted to a state or two. All of this if AAP chooses not to re-invent itself

Outcome 5: If the Grand Old Party is reduced to its worst ever performance (which is quite likely) then there is going to be a fierce round of blame storming. The family will desperately try to ring-fence and absolve itself of the blame though it would be extremely difficult and unnatural. There is a good chance that the party rank and file would bay for blood and Rahul Gandhi, logically would be the sacrificial lamb. Chances are that he wouldn’t also become the leader of opposition. Post this, if the family still would be looking to keep the fief then it is imperative that Priyanka is immediately pushed up the ladder or else there is bound to be an ambitious up-start who would claim the position. Contrarily, if the family is somehow able to ring-fence itself and absolve Rahul Gandhi of the blame then there is a high probability of a clear split in the Congress. There are very many ambitious and charismatic young leaders in the Congress who sense a de-facto glass-ceiling and hence would like to break away and form a small fief of their own. Being under an in-effective, unproven and more importantly failed leader would definitely bar them from giving wings to their ambition