T N Ninan: Stray thoughts
WEEKEND RUMINATIONS

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WEEKEND RUMINATIONS

| If this much is obvious to the Americans, why is it something that no one in South Block has thought of? Look at the Agra pictures of Mr Vajpayee and Gen. Musharraf, and you'll get the point even more clearly. One hopes it isn't the case that such trifling considerations are considered unworthy thoughts, because subliminal messages are important""and that is what body language is all about. Look at Abhishek Bachchan's body language as he emerged with Aishwarya Rai in Lucknow the other day, and you'll get the point! As an interesting aside, the camera positions for welcoming ceremonies on the White House lawns are such that the US President looms larger than the visiting dignitary. Thought of that in the forecourt of Rashtrapati Bhavan? |
| The second (less flaky?) thought is about a retired foreign secretary confessing some years ago that, in all his travels with Indira Gandhi, he found the only thing that her interlocutors were really interested in (beyond the diplomatic politeness of listening to her views on Third World solidarity, or whatever) were two subjects: India's nuclear policy and whether it would open up its market. Since India was not willing to oblige on either count in those days, relationships with the western powers didn't go beyond a distant wave of the hand as we went our separate ways. It's interesting to note, therefore, that nuclear and economic policies are now at the heart of the new relationship with the US. Indeed, the nuclear deal has as its underpinning the need to help India, with its rapidly expanding markets, develop non-hydrocarbon energy sources so that it does not draw more and more of the world's oil and gas and send their prices even higher as a consequence. As for trade, India is still only the 22nd largest trading partner for the US, which is to say that it doesn't really count. But it will not stay that way. With the nuclear bone swallowed, and the Indian market opening up, the two countries now have the basis for a genuinely good relationship. |
| The third and final rumination is about Mr Chidambaram""who has become the fifth finance minister to present five Budgets. Next year will be a record sixth. One must presume that Mr Chidambaram will be asking himself, what lines in the sand must he leave behind? For sure, the tax cuts and other policy announcements in the 1997 Budget will be remembered, but that was long ago. The big opportunity today is to be the finance minister who gets rid of the revenue deficit and introduces the unified goods and services tax""both would be seminal achievements. So why has he chosen 2010 as the target date for introducing a unified goods and services tax, and not 2009, which is when his government's term in office ends? Any guesses? |
First Published: Mar 04 2006 | 12:00 AM IST