Gautam Chikermane 🇮🇳 Profile picture
Aug 2, 2018 21 tweets 20 min read Read on X
A thread that captures all the #70Policies follows...

You may download the book — 70 Policies that Shaped India: 1947 to 2017, Independence to 2.5 Trillion — here goo.gl/dA8QrQ via @orfonline
1/70
By ensuring that prices of shares were kept low, the Controller of Capital Issues ensured gains to small investors. But this meant enterprises were not able to get the right value

Download #70Policies here goo.gl/dA8QrQ via @orfonline
2/70
The Minimum Wages Act is not the end of all wages-related laws. There are four other Central laws that oversee wages. These need legislative consolidation

Download #70Policies here goo.gl/dA8QrQ via @orfonline
3/70
The Factories Act ensures that working conditions of Indian labour are humane. But in an era of #AI and robotics, it may push capital away from labour

Download #70Policies here goo.gl/dA8QrQ via @orfonline
4/70
The role of development finance institutions in the closed, pre-liberalisation India was noteworthy; in a relatively more open, liberalising India, they have a limited role

Download #70Policies here goo.gl/dA8QrQ via @orfonline
5/70
The Banking Regulation Act now needs to evolve towards regulating electronic and mobile money, which brings the opportunity to reach the unbanked and the threat from e-criminals

Download #70Policies here goo.gl/dA8QrQ via @orfonline
6/70
The extra-constitutional Planning Commission steered the economic direction of India for 65 years, imposing its will over Union Budgets and State finances alike

Download #70Policies here goo.gl/dA8QrQ via @orfonline
7/70
The general direction of successive finance commissions has been leaning towards giving States a greater share of resources

Download #70Policies here goo.gl/dA8QrQ via @orfonline
8/70
Industries (Development and Regulation) Act gave the government the power to investigate, assume management control of an enterprise, and take over an enterprise without investigation

Download #70Policies here goo.gl/dA8QrQ via @orfonline
9/70
The Bureau of Indian Standards Act of 2016 that replaced the ISI Act provides for compensating consumers if a product does not confirm to standards

Download #70Policies here goo.gl/dA8QrQ via @orfonline
10/70
#Nationalisation of Air India set the pace for serial nationalisations of several other sectors – notably banking, life insurance, general insurance and mining

Download #70Policies here goo.gl/dA8QrQ via @orfonline
11/70

The impunity of interference in the functioning of public sector banks peaked with the 1976 amendment to State Bank of India Act, enacted to remove its upright Chairman R.K. Talwar

Download #70Policies here goo.gl/dA8QrQ via @orfonline
12/70
From “division” to “directorate” to “commission” and finally to a “company”, the evolution of Oil and Natural Gas Corporation has moved with the times

Download #70Policies here goo.gl/dA8QrQ via @orfonline
13/70
What the Essential Commodities Act fails to see is that the era of shortages is now well behind us and needs to be amended, if not repealed, to serve this new India

Download #70Policies here goo.gl/dA8QrQ via @orfonline
14/70
So firmly was socialism etched in India that following the Industrial Policy Resolution, intellectuals advised businesses to map out a course of action consistent with the government’s

Download #70Policies here goo.gl/dA8QrQ via @orfonline
15/70
“Nationalisation of life insurance is an important step in our march towards a socialist society. Its objective will be to serve the individual as well as the State.”
—Jawaharlal Nehru

Download #70Policies here goo.gl/dA8QrQ via @orfonline
16/70
Building institutions is hard, maintaining them is even harder: in 2018 global university rankings of 950 universities, only Delhi (rank: 172) and Bombay (rank: 179) figured in top 200

Download #70Policies here goo.gl/dA8QrQ via @orfonline
17/70
Politically, economically and administratively, Food Corporation of India must rid itself of the dangerous situation of “huge surplus in FCI godowns coupled with widespread hunger”

Download #70Policies here goo.gl/dA8QrQ via @orfonline
18/70
Despite the use of MSP through the Commission for Agricultural Costs and Prices, India is a ‘food grains secure’ country but not ‘food secure’—this anomaly needs to be addressed

Download #70Policies here goo.gl/dA8QrQ via @orfonline
19/70
Implementing SEZ Act is difficult as different governments have varying objectives—Karnataka wants foreign investment, Tamil Nadu large dividends, Andhra Pradesh employment generation

Download #70Policies here goo.gl/dA8QrQ via @orfonline
20/70
There is urgent need for an extremely low-cost but market-linked long-term investment product. Until then, Public Provident Fund will remain the backbone of small savers

Download #70Policies here goo.gl/dA8QrQ via @orfonline

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More from @gchikermane

Aug 15, 2018
So much for free speech and its passionate supporters thehindu.com/todays-paper/t…

#PondyLitFest
Apparently, to conduct or participate in #PondyLitFest you need to be ideologically aligned to the Left — this, from a gaggle of writers (yes WRITERS!) calling themselves, hold your breath, ‘progressive’ m.timesofindia.com/city/puducherr…
Lieutenant Governor @thekiranbedi should ensure that there is no space for such festival (#PondyLitFest) in Puducherry, demand Progressive Writers Association — you read that right: ‘PROGRESSIVE’
Read 15 tweets

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