Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences & Remedies


Arun Kumar - 2017
    It has crippled the country’s economy for a long time to come. In this book, Arun Kumar, the country’s leading authority on the black economy, tells us why Modi’s gambit failed. He shows us the way in which the problem can be rooted out, provided the government has the political will and determination to act.Today, the black economy is estimated to be 62 per cent of GDP—or about `93 lakh crore ($1.4 trillion). Corrupt businessmen, corrupt politicians, and corrupt members of the executive (bureaucrats, police and the judiciary) are responsible for controlling the black economy and enabling its growth. If the black economy were to be dismantled and turned into a part of the ‘white’ economy, the country’s rate of growth would be 12 per cent. If it had not grown the way it has since the 1970s, India’s per capita income today would be approximately `7 lakh per annum ($11,000) and India would become the second largest economy in the world. If the black economy were taxed at current rates, it would generate `37 lakh crore in additional taxes and the union budget would show a surplus of `31 lakh crore instead of a deficit.The failure of successive governments to tackle the problem effectively has been the single biggest obstacle to eradicating poverty. It is the cause of both widespread policy failure and the inability of the nation to improve its living conditions rapidly.

Congress-Mukt Bharat


Amit Bagaria - 2021
    For the first 92 years, the 135-year-old party was headed by a Nehru-Gandhi family member for only 11 years, even though Nehru and Indira were collectively the PM of India for 28 years. Then things changed. Indira was the party president for seven consecutive years, and succeeded by her son Rajiv Gandhi for six years. After Rajiv’s assassination in 1991, PV Narasimha Rao was party president for five years. Sitaram Kesri was the next Congress president for 18 months. Enter Sonia Gandhi. Barring a 20-month period when her son Rahul held the post, she has been Congress president for 23 years. During her ‘reign’, the party has seen an average 31.6% decline in vote share and a 50.2% reduction in seats in the Lok Sabha. Due to her not allowing a proper election for the post of party president — as was the norm for the first 92 years — the Congress is collapsing. Ever since the Modi-led NDA routed the party in 2014, several Congressmen have been complaining about “lack of effective leadership.” Narendra Modi. Whether you admire him or belittle him, adore him or chastise him, praise him or ridicule him, love him or hate him, no Indian can pretend to ignore the man. Since September 2013, he has been the biggest newsmaker in India . On 15th August 2020, Modi became the longest-serving non-Congress PM of India. The first three chapters of this easy-to-read book are about Congress party’s corruption. The next three analyse the 2019 elections in great detail. Then, there is a chapter about the Left Front and one on the Congress’ performance in each state since Sonia became the chief. The next eight chapters are about Modi, his successes, his failures, and the work he has done in 80 months. The longest chapter, divided into 14 sections, details the successes and failures of India’s 14 prime ministers. “Is Congress Becoming Anti-India” and “Congress-Mukt Bharat” are the final two chapters. The Appendix lays out ‘Agenda 2024’ for India.

Black Money and Tax Havens


R. Vaidyanathan - 2017
    Conservatively, Rs. 15 lakh crore (10 per cent of Rs. 150 lakh crore, our GDP in 2016-17). As for Indian money in tax havens around the world? Around Rs. 65 lakh crores. Truly astounding figures. Black money or kala dhan is a topic that has elicited much debate in recent times. The debate has been mostly marked by mud-slinging and name-calling and the discussions that have ensued often have no basis in fact. While most people have a hazy notion of black money, only a few understand it in its entirety. The issue of tax havens is perhaps even more misunderstood. Most people fail to see the connection between tax havens and black money. Black Money and Tax Havens is the first work that discusses both of these issues in depth and offers a 360-degree view to the reader. In this work, Prof. R. Vaidyanathan provides the reader with a brief overview of black money—its generation, its estimates and how and why it is spirited away to tax havens. He also lays bare the danger that is posed to world financial well-being on account of the lack of political will to tackle them. A unique and timely work that packs in much information in an accessible manner.

TO THE BRINK AND BACK: India's 1991 Story


Jairam Ramesh - 2015
    The book, The Brink and Back, is an account of the events leading to the path-breaking economic liberalisation unveiled by Rao’s government with Manmohan Singh as the Union finance minister

India Unbound: The Social and Economic Revolution from Independence to the Global Information Age


Gurcharan Das - 2000
    The nation's rise is one of the great international stories of the late twentieth century, and in India Unbound the acclaimed columnist Gurcharan Das offers a sweeping economic history of India from independence to the new millennium.Das shows how India's policies after 1947 condemned the nation to a hobbled economy until 1991, when the government instituted sweeping reforms that paved the way for extraordinary growth. Das traces these developments and tells the stories of the major players from Nehru through today. As the former CEO of Proctor & Gamble India, Das offers a unique insider's perspective and he deftly interweaves memoir with history, creating a book that is at once vigorously analytical and vividly written. Impassioned, erudite, and eminently readable, India Unbound is a must for anyone interested in the global economy and its future.

A Feast of Vultures: The Hidden Business of Democracy in India


Josy Joseph - 2016
    If they search in the right places and offer the appropriate price, there is always a facilitator who can get the job done. This book is a sneak preview of those searches, the middlemen who do those jobs, and the many opportunities that the fast-growing economy offers.'Josy Joseph draws upon two decades as an investigative journalist to expose a problem so pervasive that we do not have the words to speak of it. The story is big: that of treacherous business rivalries, of how some industrial houses practically own the country, of the shadowy men who run the nation's politics. The story is small: a village needs a road and a hospital, a graveyard needs a wall, people need toilets.A Feast of Vultures is an unprecedented, multiple-level inquiry into modern India, and the picture it reveals is both explosive and frightening. Within these covers is unimpeachable evidence against some of the country's biggest business houses and political figures, and the reopening of major scandals that have shaped its political narratives. Through hard-nosed investigations and the meticulous gathering of documentary evidence, Joseph clinically examines and irrefutably documents the non-reportable. It is a troubling narrative, but also a call to action and a cry for change. A tour de force through the wildly beating heart of post-socialist India, the book is a must-read for anyone interested in understanding the large, unwieldy truth about this nation.

India's Struggle for Independence


Bipan Chandra - 1987
    Basing themselves on oral and other primary sources and years of research, the authors take the reader through every step of the independence struggle from the abortive Revolt of 1857 to the final victory of 1947. More important while incorporating existing historiographical advances, the book evolves a new and lucid view of the history of the period which will endure.

The Case that Shook India: The Verdict That Led to the Emergency


Prashant Bhushan - 1978
    The watershed case, Indira Gandhi v. Raj Narain, acted as the catalyst for the imposition of the Emergency. Based on detailed notes of the court proceedings, The Case That Shook India is both a significant legal and a historical document.The author, advocate Prashant Bhushan, provides a blow-by-blow account of the goings-on inside the courtroom as well as the manoeuvrings outside it, including threats, bribes and deceit. As the case goes to the Supreme Court, we see how a ruling government can misuse legislative power to save the PM's election.Through his forceful and gripping narrative, Bhushan vividly recreates the legal drama that decisively shaped India's political destiny.

Curfewed Night


Basharat Peer - 2009
    The issue of Kashmir still is a crucial issue discussed across forums in the global arena and is one of the major hindrances in improving relationship with India’s neighbour and kin of one time. Much has been written about Kashmir and the separatist movement in Kashmir. But the beautifully scripted account of the brutality with which the separatist movement is carried on till date has no precedence. The book, Curfewed Nights, gives an honest, crude, and truthful account of what goes on in the paradise of India which is under the spell of the separatist movement.The author of the book, Basharat Peer, being a Kashmiri himself has related to each and every detail provided in the book from the first hand experiences gathered by him. Since independence of India, many Kashmiri youths have been mesmerised by the terrorism to the extent that they want to join the terrorist organisations even without thinking about their families or themselves. They have illusioned godfathers in the leaders of such terrorist outfits. In fact, the author was sent out of Kashmir by his family, just to keep him away from these painful romances with the militants.The book, Curfewed Night, has a lot of heart-rending accounts of how a mother watches her son who is forced to hold an exploding bomb or how a poet discovers his religion when his entire family is killed or how the politicians are tortured inside the refurbished torture chambers or how villages have been rigged with landmines which kills innocent civilians, and how temples have converted into army bunkers while ancient Sufi shrines have been decapitated in bomb blasts.

RESET: Regaining India’s Economic Legacy


Subramanian Swamy - 2019
    The monograph vociferouslydemanded that socialism be sacrificed for a competitive market economic system, so India cangrow at 10 per cent per year, achieve self-reliance, full employment and produce nuclear weaponry.The then Prime Minister Indira Gandhi denounced the plan as dangerous.Fifty years later, Swamy redefines his path-breaking ideas on India-specific economic developmentin his seminal work, Reset. It undertakes a nuanced analysis of the manner in which the highlyprosperous Indian economy witnessed a long, accelerated decline due to persistent British imperialistaggression, and compares the distinctive manner in which Asian giants—India and China—sufferedat the hands of imperialism. He critically analyses the highs and lows of the Nehruvian model ofcentralized economic planning borrowed from the Soviet Union, and the debilitating circumstancesthat impelled him, as Commerce Minister in Prime Minister Chandra Shekhar’s government, todraw up a blueprint for economic reforms.

Nehru's 97 Major Blunders


Rajnikant Puranik - 2016
    —George Santayana But for a series of major blunders by Nehru across the spectrum—it would not be an exaggeration to say that he blundered comprehensively—India would have been on a rapidly ascending path to becoming a shining, prosperous, first-world country by the end of his term, and would surely have become so by early 1980s—provided, of course, Nehru’s dynasty had not followed him to power. Sadly, the Nehru era laid the foundations of India’s poverty and misery, condemning it to be forever a developing, third-rate, third-world country. By chronicling those blunders, this book highlights THE FACTS BEHIND THE FACADE. This ‘Revised, Enlarged & Unabridged, June-2018 Edition’ of the book comprises (a)123 Major Blunders compared to 97 of the first Digital Edition of July 2016; (b)over twice the matter, and number of words; and (c)exhaustive citations and complete bibliography. Blunders is used in this book as a general term to also include failures, neglect, wrong policies, bad decisions, despicable and disgraceful acts, usurping undeserved posts, etc. It is not the intention of this book to be critical of Nehru, but historical facts, that have often been distorted or glossed over or suppressed must be known widely, lest the mistakes be repeated, and so that India has a brighter future.

An Anthropologist Among The Marxists And Other Essays


Ramachandra Guha - 2001
    A substantial portion of the book expands on this salvo: it analyses Gandhians and psuedo-Gandhians, Marxists and anti-Marxists, Nehruvians and anti-secularists, democrats and Stalinists, scientists and historians, environmentalists and cricketers - in short all those who comprise the intellectual life of thinking Indians today.

The Good, the Bad and the Ridiculous


Khushwant Singh - 2013
    This book will appeal not only to admirers of Khushwant Singhs writing but also to anyone Interested in the history, politics and socio economic scenario of twentieth century India.People profiled in this book include Jawaharlal Nehru, Krishna Menon, Indira Gandhi, Sanjay Gandhi, Amrita Sher Gil, Begum Para, Muhammad Ali Jinnah, M. S. Golwalkar, Mother Teresa, Faiz Ahmad Faiz, Dhirendra Brahmachari, Jarnail Singh Bhindranwale, General Tikka Khan, Phoolan Devi, Giani Zail Singh and Bhagat Puran Singh.About the AuthorKhushwant singh is one of Indias best known and most widely read authors and columnists. He was founder-editor of Yojana and editor of the Illustrated Weekly of India, National Heraldand the Hindustan Times. His first book, The Mark of Vishnu and Other Stories, was published in 1950 and he has published several acclaimed and bestselling books of fiction and non-fiction in the six decades since. He has also translated the work of major Punjabi and Urdu poets and writers, as well as the Japji and the Rehras: The Morning and Evening Prayers of the Sikhs.

The Future: Six Drivers of Global Change


Al Gore - 2013
      Ours is a time of revolutionary change that has no precedent in history. With the same passion he brought to the challenge of climate change, and with his decades of experience on the front lines of global policy, Al Gore surveys our planet’s beclouded horizon and offers a sober, learned, and ultimately hopeful forecast in the visionary tradition of Alvin Toffler’s Future Shock and John Naisbitt’s Megatrends. In The Future, Gore identifies the emerging forces that are reshaping our world:   • Ever-increasing economic globalization has led to the emergence of what he labels “Earth Inc.”—an integrated holistic entity with a new and different relationship to capital, labor, consumer markets, and national governments than in the past. • The worldwide digital communications, Internet, and computer revolutions have led to the emergence of “the Global Mind,” which links the thoughts and feelings of billions of people and connects intelligent machines, robots, ubiquitous sensors, and databases. • The balance of global political, economic, and military power is shifting more profoundly than at any time in the last five hundred years—from a U.S.-centered system to one with multiple emerging centers of power, from nation-states to private actors, and from political systems to markets. • A deeply flawed economic compass is leading us to unsustainable growth in consumption, pollution flows, and depletion of the planet’s strategic resources of topsoil, freshwater, and living species. • Genomic, biotechnology, neuroscience, and life sciences revolutions are radically transforming the fields of medicine, agriculture, and molecular science—and are putting control of evolution in human hands. • There has been a radical disruption of the relationship between human beings and the earth’s ecosystems, along with the beginning of a revolutionary transformation of energy systems, agriculture, transportation, and construction worldwide.   From his earliest days in public life, Al Gore has been warning us of the promise and peril of emergent truths—no matter how “inconvenient” they may seem to be. As absorbing as it is visionary, The Future is a map of the world to come, from a man who has looked ahead before and been proven all too right.Praise for The Future “Magisterial . . . The passion is unmistakable. So is the knowledge. Practically every page offers an illumination.”—Bloomberg   “In The Future . . . Gore takes on a subject whose scale matches that of his achievements and ambition.”—The New York Times Book Review  “Historically grounded . . . Gore’s strengths lie in his passion for the subject and in his ability to take the long view by putting current events and trends in historical context.”—Publishers Weekly   “Provocative, smart, densely argued . . . a tour de force of Big Picture thinking.”—Kirkus Reviews (starred review)   “A luminously intelligent analysis that is packed with arresting ideas and facts.”—The Guardian

Understanding the Founding Fathers: An Enquiry into the Indian Republic's Beginnings


Rajmohan Gandhi - 2016
    R. Ambedkar, Subhas Chandra Bose and Vallabhbhai Patel steered the new nation in a direction that ensured it wasn t destroyed by sectarianism, casteism and authoritarianism. Because their wisdom found widespread acceptance, every time it seemed that the country would succumb to religious hatred, fissiparous tendencies or caste violence, disaster was averted as its leaders and its people stayed more or less true to the values on which the republic was founded. In recent times, however, attempts have been made to discredit these great Indians and devalue their contribution to the modern Indian state. In this thought-provoking book, award-winning biographer and historian Rajmohan Gandhi sets the record straight on the founding fathers as well as their great opponent, Muhammad Ali Jinnah. Along the way, he answers questions of perennial interest Who was really responsible for Partition? Were Gandhi and Ambedkar enemies? Did the Mahatma weaken the country s Hindus? Was he anti-Muslim? Should India have been a Hindu Rashtra? Could the Kashmir issue have been dealt with differently? Would Bose and Patel have led the independent nation better than Gandhi and Nehru? Erudite, forthright and brilliantly argued, Understanding the Founding Fathers will help us know ourselves and our nation, and how we came to be this way.