Former Chief Economist of World Bank hints why India can become world's worst performing economy
New Delhi: Former Chief Economist of World Bank, Kaushik Basu recently took to his Twitter handle and briefed his views about how North Korea went on to become one of the worst-performing economies in the world.
In the tweet, Basu added that North Korea became one of the worst-performing economies in the world by dismissing reports and data that showed its economic slowdown as “anti-national propaganda” instead of taking corrective actions.
“North Korea became one of the worst performing economies in the world by a simple technique.—Every time data emerged showing that its economy had slowed down, instead of taking corrective action, this was dismissed as anti-national propaganda” Basu who is also a Professor of Economics, Cornell University, wrote in his tweet.
Although not in clear words, it was evident Basu was taking a dig at the approach of right-wing Indians, and those who are part of the government, who are often seen siding with and defending the government on the emergence of poor economic reports and data of slowdown.
Basu’s followers and other Twitter users were also quick to pick up and the hint Basu dropped with the tweet. While many users agreed with Basu’s views, some believed otherwise.
North Korea became one of the worst performing economies in the world by a simple technique.—Every time data emerged showing that its economy had slowed down, instead of taking corrective action, this was dismissed as anti-national propaganda.
— Kaushik Basu (@kaushikcbasu) December 10, 2020
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Congress leadership asks Deputy CM Shivakumar to continue, say sources
Bengaluru, Apr 6 (PTI): The power tussle and squabbling in the ruling Congress in Karnataka has subsided for the time being as the party high command told the Deputy Chief Minister D K Shivakumar to continue as the party state unit chief, Congress sources said on Sunday.
Shivakumar along with Chief Minister Siddaramaiah was on a two-day visit to New Delhi on last Thursday and Friday where they had a meeting with Congress leader Rahul Gandhi.
The meeting assumes significance as a campaign has begun to replace Shivakumar as the party state president.
Several MLAs and Ministers believed to be from Siddaramaiah camp want Shivakumar to discontinue as the Congress state chief.
They have been demanding the strict adherence of the party policy of 'one person, one post'.
Since Shivakumar is the state Deputy Chief Minister and Congress president, his rivals in the party have been demanding his removal.
The argument is also that a person holding a ministerial position cannot do justice to the state president's post as he cannot give time to the party cadres willing to meet him.
Party high command is not keen on replacing Shivakumar considering his immense contribution to the party especially in winning the assembly elections, good performance of parry during Lok Sabha elections and in winning all three assembly bypolls, the sources said.
"The party high command was not inclined to replace Shivakumar at least till November and December this year," a senior party functionary told PTI.
There are reports about a secret pact that Siddaramaiah would helm the first half of the Congress' five-year tenure in Karnataka, who will be replaced by Shivakumar.
Neither Siddaramaiah, nor Shivakumar have confirmed this but their supporter ministers and MLAs in the party have started lobbying for their leaders.
There were also discussions on Cabinet reshuffle, MLC elections and honey trap attempts on ministers and MLAs, the sources said.
According to them, cabinet reshuffle is not on the cards as of now.
Another party office-bearer said the Congress high command has left the selection of candidates for the MLC election to Siddaramaiah and Shivakumar.
Regarding the honey trap issue, Congress top sources said Rahul Gandhi was upset with the way it was raised.
"Gandhi was of the opinion that it shouldn't have been discussed inside the assembly, especially by Cooperation Minister K N Rajanna," a source said.
Rajanna had raised the issue inside the Karnataka Assembly. He even claimed that at least 48 MLAs have been honey-trapped.
The Minister got backing from state Public Works Minister Satish Jarkiholi who too stated that honey trap attempts were made on some ministers and MLAs.
About a fortnight ago, Rajanna had been to New Delhi to apprise the party high command how honeytrap attempts were made.
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