In this episode of Central Hall, Kapil Sibal speaks with Nitin Desai, Pranab and Sanjaya Baru on the state and the future of the Indian economy in the new global scenarios.

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49 thoughts on “What Impact Will New Global Scenarios Have on The Indian Economy? | Central Hall With Kapil Sibal”
  1. In 65 years Congress rule we never saw Congress was concerned beyond

    Looting hindu temples to feed minorities

    Strengthening Muslims, weakening hindus

    Filling own pockets

  2. each and every term of Congress the hindu rights made weak and right of Muslims and Christian made stronger. This continued slowly and steadily Congress corrupted Constitution of India.. Media kept us blind by not reporting all this to public

    Nehru
    article 27 – 32 not giving same right to Hindus being given to minority
    Universal code draft once Muslims refuse to accept same used as Hindu code bill stopping right of Hindus as per visit vedas.. Stopping multiple marriage for Hindus and Muslims continue polygamy

    Indies gandhi
    Article 370 and 35A.
    Adding secular and socialist word
    Removed photos of hindu gods from constitution

    Narsimha Rao
    once sided Waqf implemented to allow open loot to Muslims to steal hindu lands and temple lands.

    Manmohan Singh rule
    A) Systematic NPA of nationalized banks
    B) Looting money from union states bank account to deposit tax payers money into private ngo Rajiv Gandhi fund
    C) Hindu places of worship act not allowing Hindus to even open investigation even if Muslims occupied temples / lands

  3. Rajeev Gandhi Foundation vs pmcares by modi

    With due resspect why were you quite when the managing committee of had included the President of the Congress party (Nehru Gandhi family by default) was there no conflict of interest why you did not raise questions on the transparency then while congress misused the public donations under the PMNRF (under the congress). Why only congress family members were allowed to become office bearers of PMNRF under the congress, where is the transparency in this. In fact, it was only sometime in the year 1985, the then Managing Committee of the Fund entrusted the entire management of the said fund to the Prime Minister. The PM was conferred with sole discretion to appoint a “Secretary of the fund” on his behalf, upon whom amongst other things, the authority to operate the bank accounts of the fund was also delegated. It is pertinent to note that this decision was taken when Prime Minister Rajiv Gandhi was in-charge of the fund.
    Interestingly, the PMNRF is far less transparent than the PM CARES established by PM Narendra Modi since after PMNRF was deemed a trust, it has functioned without a trust deed. Essentially, giving unbridled power to the Prime Minister with zero accountability. Till date, nobody knows what the guidelines that govern the PMNRF are. The PM CARES under Narendra Modi is setup as a public charitable trust. The Prime Minister is the chairman of this trust and its members include Defence Minister, Home Minister And Finance Minister. Under PMNRF, the criterion for disbursement of money and selection of beneficiaries is purely at the ‘discretion of the PM and in accordance with the PM’s directions.’ Modi’s PM CARES now delegates that power of deliberation and decision making to three other ministers of the government, who handle some of the most crucial portfolios. Apart from Modi who will chair the trust, it also has his top three ministers – Home Minister Amit Shah, Defence Minister Rajnath Singh and Finance Minister Nirmala Sitharaman as members. As chairman of the PM CARES trust, Modi still has the responsibility of sanctioning and approving his ministers’ recommendations; but unlike PMNRF he is not the proverbial ‘judge, jury and executioner.’ By the looks of it, Modi seems to have diluted the powers of his own office over the crucial fund with the creation of PM CARES.
    PM Cares was setup as charitable trust in 2020 with PM Modi as chairman. PMNRF was formed by Nehru personally without any constitution in place.
    PM cares has Defense Minister, Home Minister, Finance Minister as members. PMNRF managing commitee was primarily the Congress party president who was always a Nehru Gandhi family member. In the case of PM care Eminent persons from the field of science, health, law, public works can be nominated as members, but in the case of PMNRF Rajiv Gandhi gave only absolute control to the PMO. So nobody had right to decide other then the PMO.
    PM Cares takes decision on the allocation of funds on the collective wisdom of the members as mentioned above. But in the case of PMNRF the fund allocationand selection of benficiaries was done only by the absolute descrition of the PM who was usually a Nehru Gandhi Family member.
    PM cares is just setup in 2020 so they have to yet start audits of this. But in the case of PMNRF in the history since it was setup by nehru there has never been an audit of its accounts by CAG of India. It thus suffices to say that the PM CARES Fund is far more adequate and transparent than the PMNRF

    PMCARES will keep up to 13 eminent experts to undertake relief or assistance of any kind relating to a public health emergency including the creation and up-gradation of healthcare facilities. Most importantly, the eminent experts will be working pbono.There is also a provision to set up an advisory board of not more than 10 persons — selected by the trustees from among the medical practitioners, healthcare professionals, academicians, economists and lawyers. But in the casse of PMNRF only congress party president or PMO has absolute powers where is the transparency in this. Why you were quite for so long. “The responsibility of the trustees in PM-CARES has been defined, unlike in the Prime Minister National Relief Fund (PMNRF). The latter has no provision of an advisory board.A senior BJP functionary said Congress was objecting to PM-CARES because the Congress president had not found a place in it unlike in the PMNRF. There is no BJP representation on the PM-CARES fund – people will be on the trust based on their positions in government,” the functionary said. So in future if there congress Priminister, finance minister, home minister they will be members of PMCARES but such transparecy was not allowed in PMNRF. The Rajiv Gandhi Foundation (RGF) of accepting funds from the Chinese embassy in Delhi and advocating for a Free Trade Agreement with China, party president J.P. Nadda accused the RGF of receiving funds from the Prime Minister’s National Relief Fund (PMNRF).The RGF, with members of the Gandhi family on the board, has in its annual reports for 2005-2006 and 2007-08 shown that the PMNRF donated funds to it. How can a public money be deposited into a personal NGO of a Nehru Gandhi family member this is breach of trust.

    “PMNRF, meant to help people in distress, was donating money to Rajiv Gandhi Foundation in UPA years. Who sat on the PMNRF board? Smt. Sonia Gandhi. Who chairs RGF? Smt. Sonia Gandhi. Totally reprehensible, disregarding ethics, processes and not bothering about transparency,” Mr. Nadda tweeted, putting out screenshots of the page in the annual reports.And I myself downloaded the audited books of Account of RGF, and now they have removed these books of accounts from the website of RGF so is they have nothing to hide why did they remove them now. “People of India donated their hard-earned money to PMNRF to help their fellow citizens in need. To divert this public money into a family run foundation is not only a brazen fraud but also a big betrayal of the people of India,” “One family’s hunger for wealth has cost the nation immensely. If only they have devoted their energies towards more constructive agenda. The Congress’ Imperial Dynasty needs to apologise to the unchecked loot for self-gains! said Mr Mr. Nadda and I agree with him. In 2016 also pointed out that the RGF had received funds from controversial preacher Zakir Naik. Infact there are transfers from Union ministry accounts directly into the RGF how can govt money be transfered to personal and individual RGF account of Nehru family member.

    Please explain what is your definition of transparency.

  4. Congress is responsible for the dismal state of the people
    Congress are upper caste politicians who care for themselves.. Nehru family is a self centered thru don't care the dirty politics is affecting our country negatively.

  5. Sir common people understand everything that you afraid tell against the ruling people, sir monopoly do not work every where sir, ruling people have made khichidi of India at the movement this khichdi even is not there hands god knows what will happen.

  6. Point is that we government of union of India is not the union any 50 people has captured the 80 percent of wealth and you people talking about the future, you people have your limits,
    Greed of upper class people will not stop here.
    What you are discussing will not go into the minds of young people, because this government is playing in the hands of ipl reliance and big business.

  7. For ages critics are looked down and those who could not understand and accept the critics are nothing but sycophants… Mr. Modi should cottoned on to the saying of Tiruvalluvar..
    இடிப்பாரை இல்லாத ஏமரா மன்னன்
    கெடுப்பா ரிலானுங் கெடும்.

  8. First discuss inside india economics.
    90% of indian poor belonging to SC, ST, OBC, Muslim. As per Indian elite doctrines, there should not be any wealth or education to them. Hence the root of descrimination is Caste & religion

    Discuss economics & wealth distribution, welfare inside India, Once it is corrected, all other macro economics of India will be corrected.

  9. Kapil sibal , dr ambedkar is relevant and you should not undermine his contribution in the Indian economy. This has become the new normal for congress and BJP to bring and abuse dr ambedkar in their own artificial fight with each other. In reality both congress and BJP Run, funded and propagated by Brahmins and their nexus.

  10. Well said, the South Indians and south India is well placed with west in development, production, education & services. Where as North Indian is struggling to come out of the hands of religion, political goons and caste system.

  11. India will not becomes a 'superpower' for another 50 years (that also provided there are 'major' & 'real' effective political, social & economic structural changes). The world's "great power" on earth now is US & China. India is not even in the league to be considered a superpower, as a regional power yes because India can only compete with Pakistan, Bangladesh, Nepal, Bhutan.

  12. Which fool will want to invest if govt takes 20% on top of all other taxes just to take money back to foreign? For 100 investment, they need 100 to make some real profit. 40 goes to income tax, 40 goes to govt to take money back. Left is 20. People make more than 20 anywhere. Then headaches of IT notices for even currency conversion which keeps going forever

  13. What a valuable and insightful discussion of high level minds. Thank you TW for this. I am proud to be a TW donater supporter.❤ Happy New Year India. May the invaluable words discussed here be realized.

  14. From the talk , it is clear that viksit bharat is a mirage , no use seeking China plus one , demographic dividend is gone , no point aiming vs China / USA , 3rd largest economy is of no use , majority infra is going for hinduvta , best basically back to basics please

  15. In manmohan singh 10 years rupees fell 14 rupees modi ask about it where in modi 10 years rupees fell 26 rupees and instead of answering or showing concern about rupees value he is roaming around the world and having fun . Such a greedy , incompetent , irresponsible, liar p.m of indiaan history is modi..

  16. The biggest irony is in the Common Era we are celebrating the silver spooned Gods of BCE and not the Gods of Commoners.

    Note :- 1945 was the year when CE (Common Era) started, stating the end of WW2.

  17. Good discussion but Sanjay baru is typical sly and hate him typical British hypocrisy and also due to his approach towards Prof MMS… what a shame 😞😞😞😞😞😞

  18. People like Kapil will keep analysing the economy from various point of view and create panic

    Yes the truth lies in the fact that an israel /iran war or a china flexing muscles or Russia going nuclear to save face could all impact the economy

    The actual question should be

    Why aren't we self sufficient in our defense requirement especially since we have hostile neighbours from all angles

    Why is our population so illiterate (80 percent illiteracy)

    Do these contribute to the economy of is it only the situation created by the current govt

    Kapil has vested interest, not true journalist

  19. Lets talk some basic economics
    Japan has to sell a million cameras to make the profit made by US selling one F16
    Defense equipment manufacture and sales is the best source of income
    Proven by the west. All countries from US, Russia, UK, Sweden, France etc
    China rose to super power status due to the development of defense industry
    This is a no-brainer
    Why is India's defense sector under developed till now
    Why are we the biggest customer for defense equipment to the west
    How did US put us in a arms race with Pakistan by supplying F16s' to them
    Why didnt we develop self sufficiency in this area

    The answer lies with nehru chacha. Nehru wanted to be known as chacha around the world
    He wanted to be known like how gandhi was known.
    Like Bernard shaw wrote about Gandhi that ' generations to come will …. ' chach wanted to be part of that history
    Not in India's interest but in personal interest
    He started non aligned movement for this purpose
    He made us toothless
    Like they say you need to be afraid of a herd of deer led by a lion than a pride of lion led by a deer (chacha/pappu)

  20. 25:00 I'm from Gujarat and a young aspiring man who is forced to leave this country as 90% of our youths are doomed to believe that having an expensive car means having high chances of getting married to any single girl due to third class apps like instagram and Snapchat contributing to show-off culture in a negative manner. My family is forced to but an expensive car otherwise I will be removed from the list of my Caste girls as per current socioeconomic trends of Gujarat and bollywood films like Pushpa or Main Tera Hero. How can a boy be an ideological real person for girls to attract them where being educationally exceptional has been advertised in a lowest class way and being able to showing off has been promoted as a way of attracting girls where even so-called educated girls are also becoming victims of STDs and are ruining lives of boys to whom they marry after doing " Lafdas ". Indian society is doomed and doomed economy is its outcome.

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