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The Democratic National Convention (DNC) nominated Joe Biden and Kamala Harris for the November elections in a uniquely spectacular manner. The fact that it was a COVID-induced ‘virtual event’ was perhaps the least of it. But the parade of Republican heavyweights at a Democratic convention was unprecedented, from Colin Powell, John Kasich to Cindy …

India taxes ESOPs, ie employees stock options, harshly, very harshly. Let me give you a quick history lesson. When I founded TV18 in the early 90s, we had given generous stock options to our critical team members. In that sense, we belonged to a clutch of ESOP pioneers in India. And since we were leaders in business news, we also drilled hard into …

Unquestionably, the Mufti-Modi Pact to create the PDP-BJP coalition government on 1 March 2015 was a Coalition of Immense Hope. Unfortunately, in three years, it had transgressed into a "Coalition of Fear."بقلم The Quint

Prime Minister Narendra Modi’s government treats Gross Domestic Product, or GDP, as the God of all economic success. PM Modi cherry-picked and talked about all the good stuff, but "overlooked" many troublesome facts, about India’s economy. Here's a reminder from Raghav Bahl.بقلم The Quint

بقلم The Quint

2019 coalition government: In an eerie replay of 1996, the BJP could become the single largest party, the Congress could come in second and a clutch of regional parties could dice the remaining seats. Here are three reasons why the 2019 "khichdi"coalition could be a political delicacy.بقلم The Quint

Khichdi is also a colloquial description of weak coalition governments. The phrase acquired wide currency during 1996-97, when unstable United Front regimes were formed during a sickly interregnum in India’s democracy. Today it’s back in vogue, with several pundits wondering if the 2019 polls shall throw up another khichdi coalition.Listen to The Q…

On 28 July, the man responsible for securing our telecom and broadcast infrastructure, RS Sharma revealed his Aadhaar ID number and dared hackers to “harm”, but did he accept his defeat with humility?Listen to The Quint’s Editor-in-Chief Raghav Bahl talk about the culture of intimation in our current political environment.…

President Donald Trump and Prime Minister Narendra Modi, hugely dissimilar personalities in outward conduct – one writes crude tweets, the other remains strategically silent – have nonetheless created equally polarised democracies ten thousand miles apart. And what about their attitude towards independent news platforms? Listen to The Quint's Edito…

The University of Delhi (DU) immeasurably helped create Prime Minister Narendra Modi’s political brand. His sprint towards the stunning 2014 victory had begun on 6 February 2013 at DU’s Shri Ram College of Commerce.بقلم The Quint

Ironically, Prime Minister Modi needs to take lessons from the swift, decisive actions of two politicians he holds in disdain, former Prime Minister Manmohan Singh and former Finance Minister Jaswant Singh, says The Quint's founder Raghav Bahl.بقلم The Quint

Brahmastra, in the Mahabharata, is a “single projectile that is able to destroy the Universe”. Lord Rama is thought to have used it in his last battle with Ravana. Now let’s put it in context of Prime Minister Narendra Modi’s government.After four years of a blessed existence, Modi is facing his first acute economic challenge. Today, India is again…

By not going for a TARP-like bailout, Prime Minister Modi has given an extra gain of Rs 30,000 cr to crony capitalists who allowed IL&FS to crash, while levying an extra tax of Rs 2,00,000 cr on ordinary/innocent investors, like you and me. The above is very simple arithmetic, but a team of IAS babus (bureaucrats) will never understand it, because …

As a Bollywood narrator would say, in dono stories main Modi hai, Patel hai, RSS hai, aur cash bhi hai! But there is a tiny difference between the two, and that is the letter ‘t’. You see, one was about a Statue, the other about a Statute.Prime Minister Modi helmed and orchestrated both the stories. In the first one, he redeemed his 6-year-old pled…

The Quint's Editor-in-Chief Raghav Bahl argues that Lutyens’ Delhi did more to propel Modi into the PMO and may even be able to bring him down in 2019\. Tune in to this edition of Raghav's Take.بقلم The Quint

Priyanka Gandhi’s entry into active politics brought on a plethora of nervous and panicked responses from the BJP and several “star journalists”. But the Modi government’s uncouth television henchmen will bring Rahul Gandhi’s Congress roaring back to life, says Raghav Bahl. Listen to the podcast!بقلم The Quint

Prime Minister Narendra Modi loves to talk up all his “pioneering firsts”. Well, he’s now added a truly lethal one to that arsenal – India’s first post-truth Budget!Exactly 18 hours before the Budget was presented in Parliament, India dramatically upped its previous two years’ GDP numbers. Ironically, the most brazen “upgrade” was reserved for 2016…

On this episode of Raghav’s Take, The Quint’s Editor-in-Chief, Raghav Bahl explains how SP chief Akhilesh Yadav can unite Mayawati, Priyanka Gandhi and Rahul Gandhi, to pose a formidable threat to the Modi-led BJP in the 2019 General elections.بقلم The Quint

For those who haven’t heard, a political debate is raging on whether the 2019 elections will be modelled on 1971, when Indira Gandhi trounced a hasty, ill-matched Opposition alliance, or on 2004, when the “invincible” Vajpayee crumbled before a seemingly weak, incoherent patchwork of parties.As with Modi in 2019, both elections were fought by tower…

Never waste a good crisis! Because what we weathered this week was a blood-curdling dogfight between India and Pakistan that could have nuked half the global population in and around South Asia. I concede there is an element of exaggeration here, but big wars often get triggered by tiny accidents of judgement. So better to exaggerate than get tortu…

In the late 1940s, India and China won independence from colonial rule. While the trajectories of their respective freedom movements were quite different, there was one remarkable similarity. Both broke up into two enemy nations apiece, China/Taiwan and India/Pakistan. For seven decades now, these pairs of estranged siblings have stayed implacable …

Prime Minister Narendra Modi 1.0 is done. With the Model Code of Conduct for the general elections now in force, his first innings has effectively ended. As he pitches to get re-elected, we should call in his report card. Tune in to Raghav's Take!بقلم The Quint

Congress President Rahul Gandhi's NYAY (Nyuntam Aay Yojana, or Minimum Income Plan), which involves giving Rs 72,000 each to five crore poor families, is a big political idea for the 2019 polls that sent BJP political heavyweights into a panic mode. Is the NYAY scheme actually feasible? The Quint's Editor-in-Chief Raghav Bahl explains how it can be…

The prequel to this podcast analyses the four economic reforms that this writer is willing to acknowledge under Modi 1.0; towards the end, the article lists three other data points – on FDI, bond and equity issuances – that Prime Minister Narendra Modi has been spinning at business summits to fortify his “economic dynamism.”In this sequel, The Quin…

Why is Prime Minister Narendra Modi castigating Rahul Gandhi for “running away from majority-dominated areas” to “take refuge in areas where the majority is in minority” (read Wayanad in Kerala)?The naked implication was that Gandhi had somehow demeaned himself, committed blasphemy, by espousing the cause of minorities.In this podcast the Quint’s E…

I am still reeling from Prime Minister Modi’s iconic, monumental (no, HE is not going to be happy with only two bombastic adjectives, so here goes a third), and “path-breaking” interview to Twinkle’s hubby. While everybody is scratching their heads over the “big why”, I think I’ve got it figured out. It was a clever (synonymously also desperate) pl…

Maulana Abul Kalam Azad made a default entry in India’s savagely polarised polls of 2019\. Because the irrepressible Shatrughan Sinha made an awful faux pas at an election rally, where he included Jinnah, along with Gandhi, Nehru, Patel, Indira and Rajiv, as “respected members of the Congress family who built our nation”. This gave the BJP very pot…

India’s forex reserves are nearly $430 bn and growing. If we can’t muster the stomach to raise $10 billion in the overseas market, let’s just quit. Raghav Bahl (https://www.youtube.com/results?search_query=%23RaghavBahl) backs Finance Minister Nirmala Sitharaman’s proposal on sovereign bonds.بقلم The Quint

11:15 am, 5 August 2019. I stood stunned and immersed in a time-lapse video as Home Minister Amit Shah read out the Resolution abolishing Article 370 and the state of Jammu & Kashmir in Rajya Sabha. If you were a liberal, you castigated, by rote – “the Kashmir Valley will now become India’s Gaza”. If a conservative, you celebrated, almost crudely –…

As always, the strapping 40-year-old swept into his corner room in a Gift City high-rise with the practised, breezy “I love Monday morning” air from his early Manhattan days. He was a celebrated first-generation entrepreneur, but in India he never took his Silicon Valley title of Founder-CEO; instead, he was simply PuFf, a dandy acronym for Pradhan…

Main jaanta hoon ki aaj desh ek aarthik mandhi main hai; lekin main 130 crore desh vaasiyon ko yeh vishwaas deta hoon ki hum jald hi isko aarthik josh main badal dengey! (I know that we are currently in the grip of an economic slowdown; but I want to assure my 130 cr fellow Indians that we shall soon convert this gloom into economic optimism!)I was…

In Prime Minister Modi’s unexpected, stirring commendation of “wealth creators” – most tellingly, by using popular English terminology, instead of conjuring up a Hindi equivalent like poonji utpadak (as he is wont to do) – he was signaling a reach-out to new-gen entrepreneurs and elite business-people who have gotten estranged from him.And by obliq…

Raghav Bahl pays tribute to former finance minister Arun Jaitley, recalling his meetings with his exceptional Xaverian schoolmate, who always greeted with a smile.بقلم The Quint

As tensions mount in sadda, aapro, aamchi (ie, “our” in what the Brits would have once called “three dialects of the natives”) London, how should India respond to this flurry of will-or-won’t-Britain-do-a-Brexit?As a nation, our feelings toward our former colonisers are complicated at best. For better and worse, the British profoundly shaped modern…

Finally. Finally! The Modi government has acknowledged the futility of trying to pump prime India’s GDP by ever-escalating government expenditure, which increased by an astonishing double-digit CAGR (compounded annual growth rate) over six years of impotent growth. Remember, Indian governments drive only 10 percent of our economy – worse, they do s…

The PMC Bank scam was more audacious than any Bonnie and Clyde heist. A high-living father-son duo, Rakesh and Sarang Wadhawan, had 44 bank accounts in a loosely regulated outfit in Mumbai called Punjab & Maharashtra Cooperative Bank. They used these accounts to suck out nearly Rs 6500 crore, a mind-boggling 73% of the total loan book of the ill-fa…

I know that adjectives like “milestone”, “game changer” and “watershed” are frequently used after polls that throw up contrarian, unexpected results. But even adjusting for this caveat, I would call the October 2019 mini national elections a “juggernaut stopper”. Tune in to this podcast for my six takeaways from the recent state elections.…

Coal output crashes by over 20 percent. Overall, eight core sectors lose a stunning 5.2 percent year-on-year over September 2018, contracting to an 8-year low. GDP hits a 6-year low. And yet, India’s stock markets hit an all-time high!Why, you ask?To understand this conundrum, let’s dial back a few months, to May 2019. Everybody thought that a stru…

India’s economy today can be described by a four-letter word. Oh c’mon, it’s not what you are thinking… Even the sarkari (government-owned) State Bank of India says that GDP growth could fall to around four percent when the July-September number is revealed, that’s what!And as usually happens in an acute crisis, everybody and her aunt is offering s…

The Shiv Sena, NCP and Congress coalition in Maharashtra is perhaps the second most ‘unthinkable’ political alliance in India, next only to the most incompatible BJP-PDP coalition in Jammu & Kashmir, that ended with devastating consequences.So, what are the lessons from this most unusual, 80-hour-long Maharashtra political fiasco?Tune in to Raghav'…

For over five years, I’ve criticised ‘state creep’ on Prime Minister Modi’s watch. This tendency hit a crescendo on 5 July 2019, when the second Modi regime’s first budget was read out in parliament. While that document was riddled with state over-reach, I will remind you only of the most egregious measure: a voluntary contribution under CSR (corpo…

It’s a familiar cacophony. Cut taxes. Invert the inverted duty structure. Control the fiscal deficit. Be honest about your arithmetic. Abolish equity taxes. Step up government expenditure, the fisc be damned. Bring back investment allowance. Slap inheritance taxes... And on it goes, a laundry list of standard policy tactics which could revive India…

It’s a familiar cacophony. Cut taxes. Invert the inverted duty structure. Control the fiscal deficit. Be honest about your arithmetic. Abolish equity taxes. Step up government expenditure, the fisc be damned. Bring back investment allowance. Slap inheritance taxes... And on it goes, a laundry list of standard policy tactics which could revive India…

For over five years, I’ve criticised ‘state creep’ on Prime Minister Modi’s watch. This tendency hit a crescendo on 5 July 2019, when the second Modi regime’s first budget was read out in parliament. While that document was riddled with state over-reach, I will remind you only of the most egregious measure: a voluntary contribution under CSR (corpo…

The Shiv Sena, NCP and Congress coalition in Maharashtra is perhaps the second most ‘unthinkable’ political alliance in India, next only to the most incompatible BJP-PDP coalition in Jammu & Kashmir, that ended with devastating consequences. So, what are the lessons from this most unusual, 80-hour-long Maharashtra political fiasco? Tune in to Ragha…

India’s economy today can be described by a four-letter word. Oh c’mon, it’s not what you are thinking… Even the sarkari (government-owned) State Bank of India says that GDP growth could fall to around four percent when the July-September number is revealed, that’s what! And as usually happens in an acute crisis, everybody and her aunt is offering …

Coal output crashes by over 20 percent. Overall, eight core sectors lose a stunning 5.2 percent year-on-year over September 2018, contracting to an 8-year low. GDP hits a 6-year low. And yet, India’s stock markets hit an all-time high! Why, you ask? To understand this conundrum, let’s dial back a few months, to May 2019. Everybody thought that a st…