Ruchir Sharma, Chairman of Rockefeller International, discussed the impact of digitization and direct benefits on people's anger towards the government in India. He emphasized the role of digitization and direct benefits in making people less angry with the government [a24de226]. Sharma also commented on the state of the Indian economy and the importance of domestic businesses in its success. He highlighted the need for more foreign direct investment and private capital expenditure in India to further boost the economy [a24de226]. Additionally, Sharma discussed the future of the US dollar as a global trade currency and the significance of embracing digitization in India [a24de226]. He concluded by analyzing the potential leaders and coalitions in Indian politics and their impact on the economy [a24de226].
Randeep Singh Surjewala, a spokesperson for Congress, also weighed in on the topic of direct benefits. He discussed the importance of direct cash transfers and criticized the BJP's handling of crime against women. Surjewala highlighted the economic benefits of putting cash in the hands of the common people, citing the success of the MNREGA scheme in 2009-2010. He proposed giving Rs 10,000 annually to female heads of families, arguing that this money would be spent on household expenses, stimulating the consumer market, and benefiting the government through GST revenue [99fbdabb].
Justice B. V. Nagarathna, speaking at the NALSAR University of Law's Constitution Conference 2024 in Hyderabad, criticized demonetization in India. She highlighted the lack of consultation and arbitrary decision-making process involved in demonetization. Nagarathna mentioned that about 98% of the demonetized currency of ₹500 and ₹1000 notes came back to the Reserve Bank of India (RBI). She disagreed with demonetization due to the common man's predicament and the absence of a legally sound decision-making process. She also cautioned against instances of governors sitting on bills passed by popularly elected legislatures indefinitely and highlighted the high constitutional nature of the governor's office [fca20adc]. The conference also featured contributions from Justice Sapana Pradhan Malla from the Supreme Court of Nepal and Justice Syed Mansoor Ali Shah from the Supreme Court of Pakistan [5f90b69f].
This analysis sheds light on the positive effects of digitization, direct benefits, and direct cash transfers on people's perception of the Indian government. It highlights the role of these factors in reducing anger and increasing satisfaction with the government [a24de226]. Additionally, it emphasizes the importance of domestic businesses, foreign direct investment, and private capital expenditure in driving the Indian economy [a24de226]. Furthermore, it discusses the potential implications of the US dollar's future as a global trade currency and the need for India to embrace digitization [a24de226]. Surjewala's comments add to the discussion by focusing on the economic benefits of direct cash transfers and criticizing the BJP's approach to crime against women [99fbdabb].
Justice Nagarathna's criticism of demonetization provides a different perspective on the impact of government policies on the economy and the common man. She questions the effectiveness of demonetization in eradicating black money, citing that 98% of the demonetized currency came back into circulation [fca20adc]. She highlights the lack of consultation and arbitrary decision-making process involved in demonetization, as well as the common man's predicament. She also cautions against instances of governors sitting on bills passed by popularly elected legislatures indefinitely and emphasizes the high constitutional nature of the governor's office [fca20adc] [5f90b69f]. Overall, this comprehensive analysis provides valuable insights into the impact of digitization, direct benefits, and direct cash transfers on the Indian government and the economy [a24de226] [99fbdabb] [5f90b69f] [fca20adc].