YT04 (5th Jul. '17) India's prime minister(modi) - four articles
YT04(5th Jul. '17) 18:30
<1>(1)
The economy under Modi
India's prime minister is not as much of a reformer as he seems
But he is more of a nationalist firebrand
Print edition; leaders; Jun 24th, 2017
Summary
1. Opinions are divided as to whether India's prime minister, Narendra Modi, is an economic reformer or religious rabble-rouser. However, he presided over the economic growth from 6.4% in 2013 to 7.9% in 2015 and pushed through reforms like an overhaul of bankruptcy law and a nationwide sales tax (GST).
2. GST is too complicated and bureaucratic, reducing the efficiency. The new bankruptcy law is in the right direction but it takes much more to revive the financial system filled with dud loans. Many of problems have been passed to the states. One of the reforms undertaken, the overnight cancellation of banknotes hamstrung legitimate business without doing much harm to illicit ones.
3. He doesn't have many new ideas of his own. His reputation depends on his strong efforts to help firms out of troubles such as buying land for a factory or expediting construction of a power station, but he is not good at systemically sorting out problems.
4. He needs to work on for functioning markets for electricity and land and capital and labor.
5. Political conditions are favorable (propitious)
6. Tailwinds are low oil price benefits as a big importer, young population, big potentials as the poorest of the biggest countries.
7. Although some advocates argue that he is waiting to get the majority in the parliament, he is squandering a golden opportunity.
8. He has paid special attention to militant Hindus by new rules on cow purchases, creating a havoc in beef-export business.
9. If the economy goes sluggish, he will likely stir up public tensions to maintain his popularity.
10. Sycophantically, he neglects debates over communal relations, nationalist thugs intimidating those who chide governments, which can go disastrously wrong.
11. Some paint him as the man who unleashed India's potential, but he can go down in history for fluffing the best shot at sustained and rapid development.
Words and expressions
1. firebrand: a person who is passionate about a particular cause, typically inciting a change and taking radical action
2. pander to: gratify or indulge (an immoral or distasteful desire, need, or habit or a person with such a desire, etc.).
3. rabble-rouser: a person who speaks with the intention of inflaming the emotions of a crowd of people, typically for political reasons.
4. prelate: a bishop or other high ecclesiastical dignitary
5. dud: not working or meeting standards; faulty
6. a host of: many
7. stately: having a dignified, unhurried, and grand manner, majestic in manner and appearance.
8. cracked up to be: believed to be; have a reputation for being ...
9. glitzy: ostentatiously attractive (often used to suggest superficial glamor)
10. vigorous: strong; healthy ad full of energy
11. perverse: showing a deliberate and obstinate desire to behave in a way that is unreasonable or unacceptable, often in spite of the consequences
12. quagmire: a soft boggy area of land that gives way underfoot
13. forbidding: unfriendly or threatening in appearance
14. propitious: giving or indicating a good chance of success; favorable
15. weigh on: press; weigh down
16. by rights: ideally; if things had happened or been done fairly or correctly
17. inkling: a slight knowledge or suspicion; a hint
18. in deference to: out of respect for.
19. riot: take part in a violent public disturbance
20. court: pay special attention to (someone) in an attempt to win their support or favor
21. go down in: be written in; be recorded in.
(2) Supplementary
The constant tinkerer
Narendra Modi is a fine administrator, but not much of a reformer
Tax reform does not go far enough; land and labor reforms have barely been tried
Print edition; Briefing; Jun 24th, 2017; Mumbai
Summary
1.
Words and expressions
1. tinker: attempt to repair or improve something in a casual or desultory way, often to no useful effect; (especially in former times) a person who travels from place to place mending metal utensils as a way of making a living
2.
<4>
Falling in line
India's raucous democracy is becoming more subdued
Narendra Modi's government is extremely sensitive to criticism
permalink: https://eoesociety.blogspot.com/2017/07/yt04-5th-jul-17-indias-prime.html
<1>(1)
The economy under Modi
India's prime minister is not as much of a reformer as he seems
But he is more of a nationalist firebrand
Print edition; leaders; Jun 24th, 2017
Summary
1. Opinions are divided as to whether India's prime minister, Narendra Modi, is an economic reformer or religious rabble-rouser. However, he presided over the economic growth from 6.4% in 2013 to 7.9% in 2015 and pushed through reforms like an overhaul of bankruptcy law and a nationwide sales tax (GST).
2. GST is too complicated and bureaucratic, reducing the efficiency. The new bankruptcy law is in the right direction but it takes much more to revive the financial system filled with dud loans. Many of problems have been passed to the states. One of the reforms undertaken, the overnight cancellation of banknotes hamstrung legitimate business without doing much harm to illicit ones.
3. He doesn't have many new ideas of his own. His reputation depends on his strong efforts to help firms out of troubles such as buying land for a factory or expediting construction of a power station, but he is not good at systemically sorting out problems.
4. He needs to work on for functioning markets for electricity and land and capital and labor.
5. Political conditions are favorable (propitious)
6. Tailwinds are low oil price benefits as a big importer, young population, big potentials as the poorest of the biggest countries.
7. Although some advocates argue that he is waiting to get the majority in the parliament, he is squandering a golden opportunity.
8. He has paid special attention to militant Hindus by new rules on cow purchases, creating a havoc in beef-export business.
9. If the economy goes sluggish, he will likely stir up public tensions to maintain his popularity.
10. Sycophantically, he neglects debates over communal relations, nationalist thugs intimidating those who chide governments, which can go disastrously wrong.
11. Some paint him as the man who unleashed India's potential, but he can go down in history for fluffing the best shot at sustained and rapid development.
Words and expressions
1. firebrand: a person who is passionate about a particular cause, typically inciting a change and taking radical action
2. pander to: gratify or indulge (an immoral or distasteful desire, need, or habit or a person with such a desire, etc.).
3. rabble-rouser: a person who speaks with the intention of inflaming the emotions of a crowd of people, typically for political reasons.
4. prelate: a bishop or other high ecclesiastical dignitary
5. dud: not working or meeting standards; faulty
6. a host of: many
7. stately: having a dignified, unhurried, and grand manner, majestic in manner and appearance.
8. cracked up to be: believed to be; have a reputation for being ...
9. glitzy: ostentatiously attractive (often used to suggest superficial glamor)
10. vigorous: strong; healthy ad full of energy
11. perverse: showing a deliberate and obstinate desire to behave in a way that is unreasonable or unacceptable, often in spite of the consequences
12. quagmire: a soft boggy area of land that gives way underfoot
13. forbidding: unfriendly or threatening in appearance
14. propitious: giving or indicating a good chance of success; favorable
15. weigh on: press; weigh down
16. by rights: ideally; if things had happened or been done fairly or correctly
17. inkling: a slight knowledge or suspicion; a hint
18. in deference to: out of respect for.
19. riot: take part in a violent public disturbance
20. court: pay special attention to (someone) in an attempt to win their support or favor
21. go down in: be written in; be recorded in.
(2) Supplementary
The constant tinkerer
Narendra Modi is a fine administrator, but not much of a reformer
Tax reform does not go far enough; land and labor reforms have barely been tried
Print edition; Briefing; Jun 24th, 2017; Mumbai
Summary
1.
Words and expressions
1. tinker: attempt to repair or improve something in a casual or desultory way, often to no useful effect; (especially in former times) a person who travels from place to place mending metal utensils as a way of making a living
2.
<4>
Falling in line
India's raucous democracy is becoming more subdued
Narendra Modi's government is extremely sensitive to criticism
permalink: https://eoesociety.blogspot.com/2017/07/yt04-5th-jul-17-indias-prime.html
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