March 12, 2001 Issue




UNION BUDGET
   

Good Economics,
Risky Politics

Defying the pressures of politics, Finance Minister Yashwant Sinha has come forth with a bold, hard budget. He has committed the Government to a slew of daring economic reforms through this year's budget. But, beyond the initial euphoria generated by sheer promises, lies a rough road to fulfilling them. Will the pressures of coalition politics and an irrational Opposition allow him to deliver?


Interview:
Yashwant Sinha

"It is my budget,
not the PMO's."

 

 
THE NATION
   

Smeltdown
The NDA Government handsomely wins a vote moved by the Opposition in the Lok Sabha against the privatisation of Bharat Aluminium Company (BALCO), but it should now start worrying about the poor response to bidding for strategic partnership of public-sector units.

 

 
CARE TODAY
   

Progress Report
With an overwhelming response from readers, the CARE TODAY society had funds flowing in from all quarters to aid it in its efforts to help those rendered homeless and jobless by the devastating earthquake of January 26.

 

 
STATES
   

Reeling Estate
Gujarat is witnessing a strange phenomenon with the two hands of the Sangh Parivar, the RSS and the VHP, earning public goodwill and the BJP leadership finding itself in the hot seat over links with the building mafia.

 

 
NEIGHBOURS
 

Bust to Dust
International outrage doesn't deter the Taliban militia from pushing ahead with its plan to destroy historical statues, including the 2,000-year-old Buddha statues in Bamiyan.

 

 
ARCHAEOLOGY
 

Piecing the
Ahar Puzzle
Excavations of sites from the 4,500-year-old Ahar culture provide clues to the link between the Harappans and their predecessors.

 

 
OTHER STORIES
     
 



 
  Home  
 

EDITORIALS

Switching Tracks

The options before Mamata: Railway Inc or Railway sink

Depending on how you choose to look at it, Mamata Banerjee's railway budget is either the ultimate in munificence or an unmitigated disaster. For the second successive year passenger fares have not been raised. Instead, there is a 3 per cent increase on already high freight rates. In short, the commuter's easy ride has not been interrupted. With seven of the 24 new trains beginning their journey in her home state, Mamata's budget is quite obviously a West Bengal election manifesto. The lady may or may not win a majority in the next assembly. The point is, Indian Railways will be in trouble regardless.

What is the assumption behind Mamata's accountancy? Simply put, it is that increment in expenditure will be met not by raising fares but by "other earnings". Fair enough, it could be argued. India is a poor country, the railway network-even though at 81,000 km the total running track is only about a quarter more than what the British left behind-is the only affordable distance link for a majority of the people. Every year, 4.5 billion people-four Indias-use Mamata's trains. Their capacity to pay can never match user cost and a subsidy is inherent. This has to be defrayed by an innovative management: one that rents out the vast properties of Indian Railways, privatises services such as catering or maintenance of stations and decides that its primary duty is not to create wasteful employment. Has this happened? In 2000-01, the commercial exploitation of the railways' optic fibre system was supposed to be the key to "other earnings". Over the past year Rail Tel, the subsidiary agency created for the job, has become yet another parasitic bureaucracy. Mamata's real failure is not her sense of "fare play". Rather, it is her inability to provide Indian Railways the audacious leadership it requires.

Barbarians at the Gate

The Taliban's vandalism will hurt India-and all mankind

To the rest of the world, the destruction of the Buddhist shrine in Bamiyan, 150 km from Kabul, represents another assault by the Taliban on civilisation. In India, the smashing up of the two statues-at 53 m, one of them is the world's tallest standing Buddha-will perhaps be taken more personally. They are among the few surviving structures from a part of the world that was once India but is now lost to it; forever. Posterity will see the Taliban's vandalism-the Buddhist relics are being targeted because they are "unIslamic"-as an act of particular infamy. The Bamiyan statues were carved out of steep cliffs in A.D. 622, around the time Arab invaders ravaged the great library of Alexandria, incinerating, legend has it, the last remaining copy of Megasthenes' Indica. What is happening in Afghanistan is scarcely different.

Historically Afghanistan was a repository of Buddhist and, later, Shaivite art and tradition. The effacement of this heritage is not merely a concern for India's revanchists. It is a rape of mankind's collective legacy. As the Pakistan-based Society for Preservation of Afghanistan's Heritage has sedulously recorded, the civil war has done irreparable harm to archaeological sites. From a Buddhist stupa in central Kabul to 15th century Islamic minarets in Herat, little has been spared. Till the mid-1990s, the Kabul Museum housed 1,00,000 artefacts and was among the most important treasuries of, well, Indology. Today only 20 per cent of this collection is traceable. The rest, it is feared, has either been destroyed or smuggled through Pakistan to buyers in Japan and the West. It may take decades but surely tranquillity will some day descend on Afghanistan. Till then history is at the mercy of the pillaging Taliban.


 

 
 
 
Care Today
     METRO TODAY
 
   

MetroScape
Personality Matters Those behind the Grasim Mr India contest think it is one up over other male pageants.
But is it?
more...


Looking Glass

Mumbai: Swarovski Boutique

 
    Web Exclusives
DESPATCHES
 

The Keoladeo National Park Sanctuary in Bharatpur gets an unprecedented number of migratory birds due to the dry spell last year. But experts feel another drought could be disastrous, writes INDIA TODAY's Supriya Bezbaruah in
Despatches.

 

 
 
INTERVIEWS
 

"The only obvious competition is in bhangra," say the Pakistani duo of the music group, Strings, in conversation with INDIA TODAY's Sonia Faleiro in
Interviews.

 

 

 

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