Posts tagged ‘economic reform’

09/03/2015

Kashmir fight adds to hurdles for Modi’s reform push | Reuters

A ruckus over the release from prison of Masarat Alam Bhat, the man who led the most serious revolt in decades against the Indian military in Kashmir, is adding to mounting problems for Prime Minister Narendra Modi as he tries to push economic reform through parliament.

Masarat Alam Bhat (2nd R), a Kashmiri separatist leader, speaks on his mobile phone at his residence in Srinagar March 9, 2015. REUTERS-Danish Ismail

The Lok Sabha was temporarily adjourned on Monday after opposition parties demanded to know why the separatist leader was released at the weekend by Kashmir’s state government, which Modi’s nationalist party supports.

“I am angered and condemn the release, just like other lawmakers,” Modi said in parliament. “I can assure you that my government was not informed about the decision by the state government and neither were we consulted.”

Modi swept to office ten months ago promising rapid economic transformation but disparate opposition parties have united to block his agenda, forcing the government to rely on executive orders called ordinances to pass unpopular policies.

With two weeks remaining of the current session of parliament before a recess, the government needs to win support for ordinances, including those raising the foreign direct investment limit in the insurance sector, or they will expire.

via Kashmir fight adds to hurdles for Modi’s reform push | Reuters.

05/03/2014

How Committed Is China to Reform? A Tip From ‘The Old Perfessor’ – China Real Time Report – WSJ

One of the most important questions in the global economy is the commitment to reform by China’s new leaders. Are they more reform-oriented than the last crew, who talked a lot about economic reform but often didn’t carry through?

China Real Time did a quick analysis based on the philosophy of Casey Stengel, the garrulous former manager of the New York Yankees and Mets known by the nickname “The Old Perfessor.” As Stengel often said, “You can look it up.” So we did.

In his just-delivered 2014 work report, Premier Li Keqiang, used the word “reform” 84 times in his lengthy address.  Last year, former Premier Wen Jiabao used “reform” a mere 51 times.

“Transformation?” Mr. Li, 17; Mr. Wen, 5.

What would Mr. Li like to reform? Among many other things: socialism, markets, government, agriculture, science, investment, taxes, finance and schools.

And what would he transform? Industry and foreign trade mostly.

It won’t be easy to do all this, Mr. Li warned:  “China’s reform has entered a critical stage and a deep water zone,” he told delegates to China’s rubber-stamp parliament, the National People’s Congress. “We  must rely fully on the people, break mental shackles and vested interests with great determination.”

Or as  Mr. Stengel reportedly said: “Without losers, where would the winners be?”

via How Committed Is China to Reform? A Tip From ‘The Old Perfessor’ – China Real Time Report – WSJ.

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