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Modi "trumps" economic reforms in favour of political exigency

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Modi "trumps" economic reforms in favour of political exigency Empty Modi "trumps" economic reforms in favour of political exigency

Post by confuzzled dude Tue Aug 02, 2016 9:08 pm

Particularly singling out the transfer of minister of state for finance Jayant Sinha, whom the weekly calls “an outspoken former investment banker”, “The Economist” regrets, he “will now be a junior minister for civil aviation”, with “two BJP stalwarts with little background in finance will share his old post.”

Sinha, a graduate with distinction from the Indian Institute of Technology, Delhi (IIT-D) and the Harvard Business School graduate, is known for his strong views on economic reforms. A member of parliament from Hazaribagh, Jharkhand, he served top consultants McKinsey for 12 years.

One who helped Modi frame national economic policy, including organizing and hosting an international business leaders' forum with Modi in February 2014, investors had cheered when Sinha, a former venture capitalist, when he was appointed in the finance ministry.

Articles written by Sinha, such as 'Strategies That Fit Emerging Markets' in the “Harvard Business Review” and 'It is time for India to rein in its robber barons' in the “Financial Times” are said to have been widely quoted in scholarly works and are used as reference material in business schools.

Among reasons being cited for his removal from the post is his father, Yashwant Sinha's strong and repeated criticism of the Modi government. Recently, Yashwant Sinha, a former finance minister attacked the government on key policies and strategy, like its dealing with the Nuclear Suppliers Group or NSG.
The commentary says, “India’s can-do prime minister, swept to victory two years ago promising minimum government with maximum governance”, and after he came to power, his incoming team only boasted “45 ministers and ministers of state, compared with the unwieldy 77-person crew fielded by the previous government.”

However, the commentary observes, “On July 5, following his second reshuffle since taking office, Modi’s council of ministers ballooned to an even wobblier 78”, insisting, “Running such a sprawling, untidy republic does require a lot of people.”
http://www.counterview.net/2016/07/modi-trumps-economic-reforms-in-faour.html

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