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LUCKNOW: Major political parties are involved in an intense fight for crucial Dalit votes in the forthcoming state Assemblies polls.

Financial sector reforms were hogging the limelight in the run up to the budget. The focus of attention was the bulging non-performing assets (NPAs). The problem was not altogether new. Major banks have been saddled with bad debts for a long time. Only these have been swept under the tattered carpets of banks. What was different now was the Reserve Bank’s insistence that these should be recognised.

The third budget of the Narendra Modi Government at its mid-point takes care to shift emphasis to farmers and agriculture, ahead of a round of state elections, given its weakening hold over the country. It is designed ostensibly to 'transform' the lives of the poor, especially farmers whose incomes are to get doubled by 2022, as the Prime Minister announced on budget day.

CHANDIGARH: Downhill of politics continues unabated. First it was 2015’s communal polarization wave which threatened India’s unity and integrity. Now intra-community and caste polarization is destroying the country’s social fabric. Ironically, the Parivar’s national flag-waiving, ‘akhand bharat’ and ‘Bharat Mata ki jai’ slogans shouting ‘patriots’ have been mainly behind the divisive happenings.

Once the US Defence Secretary Ashton Carter descends in India in the April it would become clear whether the new found bonhomie between Indian Prime Minister, Narendra Modi and US President Barack Obama has proved to be a futile exercise or the USA administration still considers Pakistan is its best strategic partner in South East Asia. On number of occasions impressions were given by the Indian government that American establishment and its think tank at the initiative of Obama has brought about a change in its perception and attitude towards India. But at least, the issue of sale of F-16 aircraft to Pakistan by Obama administration has laid bare the realty and exposed the façade of friendship and tea diplomacy.

Narendra Modi had promised during the election campaign to convert the Indian economic in a dynamic mould based on industrialization to accelerate its pace and also expanded employment base. The central theme of his visits to several developed countries was to lure the foreign capital and technologies to ‘Make in India’. Yet third budget of his government by the finance minister Arun Jetley is attuned to keep the Indian economy pegged down to the conservative mould based on agriculture. The contradiction is apparent between his earlier promise and the current stance.

Union human resource development minister Smriti Irani was all fire and brimstone while condemning the praise for Mahishasura, the demon who was slain by Goddess Durga, by the “anti-national” JNU students. The minister wanted to know how the people of Kolkata will react to the eulogies to Durga’s enemy.

For the first time, the union government has presented a budget that is focused more on state elections than business concerns for industrial slowdown and the state of infrastructure. With five states going into polls, the BJP-led NDA government has preferred rural population, industrial workers, small enterprises to big business and industry to provide handsome financial support at the cost of medium and large entrepreneurs. Bharatiya Janata Party is clearly preparing itself to win over electorates in five principally agriculture-dependent states – West Bengal. Tamil Nadu, Kerala, Puducherry and Assam – that go to polls within next three to four months. The state elections appear to be as important as parliamentary election before BJP to boost the party’s national image in the face of its recent loss in Bihar after Delhi, a year ago, and brewing political controversies on one after another issues and improve its presence in Rajya Sabha. BJP seems to have found the merit of socialism over capitalism as the rich and middle class will be required to pay more to support the party’s focus on rural poor.

THIRUVANANTHAPURAM: The Kerala High Court’s order postponing, by two months, the final hearing in the SNC Lavalin case in which CPI(M)’s Politburo member Pinarayi Vijayan is allegedly in volved, has come as a shot in the arm for the CPI(M)’s Kerala unit.

BRICS (Brazil, Russia, India, China and South Africa) is fading with the Chinese economy plunging into growth trajectory. Chinese bubble economy has burst. Its double digit growth nosedived to 7 per cent in 2015 – lower than India. In G-20 summit in Ankara, no one could foresight for resurrection of double digit growth in Chinese economy. The concerted efforts to intertwine the emerging economies and make engine for world economic growth becomes a past story. “ President Xi Jinping vividly pointed out that BRICS countries are just like five fingers, each having its own strength , and together forming a clenched fist “, a statement released by China’s Ministry of Foreign Affairs does not hold good anymore.