03 March, 2021

Ministry Of Fear

Bureaucrats in the FinMin fall like nine pins. They say it’s only the economy upping gears.

Tribhuvan Tiwari
Ministry Of Fear
outlookindia.com
-0001-11-30T00:00:00+05:53

Much More Than Musical Chairs

  • In 15 months, the Modi government has seen 3 home secretaries, 3 finance secretaries and two foreign secretaries
  • R.P. Watal becomes the third finance secretary, after Arvind Mayaram and  Rajiv Mehrishi, in the past 15 months
  • Industry observers unhappy with slow pace of reforms. Such steps are to improve ease of doing business.
  • Given lower GDP numbers, choppy markets, government is desperate to send a business-as-usual signal
  • Land acquisition bill withdrawn; Labour reforms are stalled; GST and the real estate regulation bill languishing
  • U-turn on MAT, and renewed efforts to talk up mood; is FinMin reshuffle part of a big-bang budget plan?

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There’s palpable unease in this city of bureaucrats. While New Delhi still hasn’t digested the dramatic unseating of home secretary L.C. Goyal, the focus is shifting to why key...

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