The Rise of Goliath

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The Rise of Goliath Page 45

by AK Bhattacharya


  7. Ibid.

  8. https://link.springer.com/article/10.1007/s40003-013-0069-3

  9. Norman Borlaug, The Green Revolution Revisited and the Road Ahead, Lecture to the Norwegian Nobel Institute, Oslo, 2000.

  10. http://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1027&context=envstudtheses

  Section 5: Nationalization and More Statism

  Chapter 8: The Era of Nationalization

  1. Jairam Ramesh, Intertwined Lives: P.N. Haksar and Indira Gandhi (New Delhi: Simon & Schuster India, 2018).

  2. Medha M. Kudaisya, The Life and Times of G.D. Birla (New Delhi: Oxford University Press, 2003).

  3. Ramesh, Intertwined Lives.

  4. https://www.thehindu.com/archives/plan-for-social-control-of-banks/article21665627.ece

  5. Ibid.

  6. D.N. Ghosh, No Regrets (New Delhi: Rupa, 2015).

  7. Rakesh Batabyal, ed., The Penguin Book of Modern Indian Speeches (New Delhi: Penguin Books India, 2007).

  8. https://coal.nic.in/content/historybackground

  9. Ibid.

  10. https://www.coalindia.in/en-us/company/history.aspx

  Chapter 9: Politics of Robin Hood

  1. http://www.hbs.edu/faculty/Publication%20Files/Charting%20Dynamic%20Trajectories%202014_f07bc6b5-cb08-4657-8970-08ea4ba53d1e.pdf

  2. https://www.dailypioneer.com/2017/columnists/indias-new-privy-purse.html

  3. https://www.licindia.in/Top-Links/about-us/History

  4. https://dipp.gov.in/sites/default/files/chap001_0_0.pdf

  5. https://www.cci.gov.in/sites/default/files/Indicus_20090420152009.pdf

  6. https://www.cpcl.co.in/CompanyProfile

  7. https://www.nytimes.com/1975/11/28/archives/britains-burmah-shell-oil-due-for-takeover-in-india.html

  Section 6: The Oil Jolt

  Chapter 10: India’s New Disruption

  1. https://www.opec.org/opec_web/en/about_us/23.htm

  2. https://www.thebalance.com/opec-oil-embargo-causes-and-effects-of-the-crisis-3305806

  3. https://history.state.gov/milestones/1969-1976/nixon-shock

  4. Ibid.

  5. https://www.nytimes.com/1974/01/03/archives/nixon-approves-limit-of-55-mph-states-must-meet-standard-or-lose.html and https://www.washingtonpost.com/news/monkey-cage/wp/2018/10/16/saudi-arabia-hinted-at-a-u-s-oil-embargo-its-not-1973/?noredirect=on&utm_term=.0894e4a29e5d

  Chapter 11: The Search for Black Gold

  1. https://www.nytimes.com/1974/01/20/archives/india-slow-to-grasp-oil-crisis-now-fears-service-ecomomic-loss-a.htm

  2. https://www.imf.org/external/pubs/ft/ar/archive/pdf/ar1974.pdf

  3. S.P. Wahi, Leading from the Front (New Delhi: Crossbill Publishing, 2013).

  4. Ibid.

  5. Author’s interview with Vijay L. Kelkar.

  6. https://dea.gov.in/sites/default/files/BUDGET-1974-75.pdf

  Section 7: The Emergency

  Chapter 12: Toppled in Court

  1. B.N. Tandon, PMO Diary—I: Prelude to the Emergency (New Delhi: Konark Publishers, 2003).

  2. Ibid.

  3. https://indianexpress.com/article/opinion/editorials/july-11-1978-forty-years-ago-ex-lg-kills-self-5254103/

  4. Shah Commission of Inquiry: Interim Report I, 11 March 1978.

  5. Ibid.

  6. Ibid.

  7. Ibid.

  8. Pranab Mukherjee, The Dramatic Decade: The Indira Gandhi Years (New Delhi: Rupa, 2015).

  9. Shah Commission of Inquiry: Interim Report I, 11 March 1978.

  10. Tandon, PMO Diary.

  11. Ibid.

  12. Ibid.

  13. https://www.hindustantimes.com/india/the-court-verdict-that-prompted-indira-gandhi-to-declare-emergency/story-uaDsy0j3B0vSdiPn2md9WO.html

  14. P.N. Dhar, Indira Gandhi, the ‘Emergency’, and Indian Democracy (New Delhi: Oxford University Press, 2000).

  15. Mukherjee, The Dramatic Decade.

  16. Ibid.

  17. Ibid.

  18. Coomi Kapoor, The Emergency: A Personal History (New Delhi: Penguin Books India, 2015).

  19. Ibid.

  Chapter 13: Why It All Happened

  1. P.N. Dhar, Indira Gandhi, the ‘Emergency’, and Indian Democracy (New Delhi: Oxford University Press, 2000).

  2. Ibid.

  3. Jairam Ramesh, Intertwined Lives: P.N. Haksar and Indira Gandhi (New Delhi: Simon & Schuster India, 2018).

  4. Ibid.

  5. Ibid.

  6. https://indianexpress.com/article/opinion/columns/emergency-chronicles-indira-gandhi-5597323/

  7. https://indianexpress.com/article/opinion/columns/emergency-chronicles-indira-gandhi-5597323/

  8. https://www.indiatoday.in/india/story/indira-gandhi-emergency-rule-rk-dhawan-congress-259245-2015-06-23

  9. Kuldip Nayar, Emergency Retold (New Delhi: Konark Publishers, 2013).

  10. https://www.indiatoday.in/magazine/cover-story/story/19771031-indira-gandhis-arrest-seen-as-janata-partys-first-major-political-blunder-818822-2015-03-25

  11. https://www.theguardian.com/world/2015/mar/23/indira-gandhi-india-election-archive-1977

  Section 8: The BoP Crash and Reforms of 1991

  Chapter 14: A Pound of Flesh

  1. https://indianexpress.com/article/explained/janpath-1991-when-snooping-led-to-the-collapse-of-a-government-5418895/

  2. Based on the author’s conversation with B.P. Verma.

  3. Yashwant Sinha, Confessions of a Swadeshi Reformer: My Years as Finance Minister (New Delhi: Penguin Books India, 2007) and author’s conversation with B.P. Verma.

  4. Based on the author’s meetings and conversations with Manmohan Singh in 1991.

  5. Based on the author’s meetings and conversations with Manmohan Singh in 1991.

  6. https://www.indiatoday.in/magazine/special-report/story/19880515-bofors-inquiry-joint-parliamentary-committee-report-reveals-more-than-it-conceals-797272-1988-05-15

  7. https://www.business-standard.com/article/beyond-business/two-months-that-changed-india-111070200041_1.html

  8. Ibid.

  9. Ibid.

  10. https://www.indiatoday.in/magazine/cover-story/story/19910715-narasimha-rao-election-as-prime-minister-heralds-return-of-the-old-congress-guard-814537-1991-07-15#ssologin=1#source=magazine; Based on author’s meeting with Manmohan Singh a day after the swearing in

  Chapter 15: An Anatomy of the Crisis

  1. http://documents.worldbank.org/curated/en/999451468260069468/pdf/multi0page.pdf

  2. https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=18556

  3. https://www.indiatoday.in/magazine/special-report/story/19910831-under-attack-narasimha-rao-govt-lowers-hiked-fertiliser-prices-compromises-on-critical-issue-814754-1991-08-31#ssologin=1#source=magazine

  4. https://www.indiatoday.in/magazine/cover-story/story/19910715-bjp-emerging-as-a-major-party-was-the-biggest-surprise-in-elections-1991-814590-1991-07-15 and https://www.indiatoday.in/magazine/cover-story/story/19910715-exit-poll-rajiv-gandhi-assassination-resulted-in-distinct-swing-in-favour-of-congressi-814550-1991-07-15

  Section 9: Reservation and Mandir

  Chapter 16: The Game of Life and Death

  1. https://www.history.com/this-day-in-history/iraq-invades-kuwait

  2. https://indianexpress.com/article/india/india-others/sunday-story-mandal-commission-report-25-years-later/

  3. P.V. Narasimha Rao, Ayodhya: 6 December 1992 (New Delhi: Penguin Books India, 2006).

  4. Ibid.

  5. Based on the author’s interaction with Ram Mohan Rao.

  6. https://www.business-standard.com/article/politics/communal-forces-cannot-and-should-not-be-in-govt-sitaram-yechury-119030200570_1.html

  7. http://www.ncbc.nic.in/Writereaddata/Mandal%20Commission%20Report%20of%20the%201st%20Part%20English635228715105764974.pdf

  8. B.G. Deshmukh, A Cabinet Secretary Looks Back from Poona to the Prime Minister’s Office (New Delhi: HarperCollins, 2004).

  9. Ibid.

  10. Rao, Ayodhya.

>   Chapter 17: The Politics of the Mandir

  1. P.V. Narasimha Rao, Ayodhya: 6 December 1992 (New Delhi: Penguin Books India, 2006).

  2. B.G. Deshmukh, A Cabinet Secretary Looks Back from Poona to the Prime Minister’s Office (New Delhi: HarperCollins, 2004).

  3. Rao, Ayodhya.

  4. Ibid.

  5. https://www.epw.in/engage/article/jats-patels-and-marathas-want-quotas-but-do-they-deserve-them

  6. http://www.ncbc.nic.in/Writereaddata/Mandal%20Commission%20Report%20of%20the%201st%20Part%20English635228715105764974.pdf

  7. https://www.telegraphindia.com/india/concern-and-questions-over-creamy-layer/cid/1670411

  Section 10: The Telecom Bump

  Chapter 18: In Search of a Landline

  1. Indian Telecommunication Statistics 2002, Ministry of Communications, Government of India

  2. https://www.nytimes.com/2007/02/01/opinion/01iht-edtharoor.4431582.html

  3. http://dot.gov.in/national-telecom-policy-1994

  Chapter 19: The Fallout after 1994

  1. Ashok V. Desai, India’s Telecommunications Industry History, Analysis, Diagnosis (New Delhi: Sage, 2006).

  2. Maruthi P. Tangirala, Telecom Sector Regulation in India: An Institutional Perspective (Abingdon, Oxon: Routledge, 2019).

  3. http://dot.gov.in/new-telecom-policy-1999

  4. https://www.ndtv.com/india-news/2g-spectrum-scam-some-highlights-of-cag-report-439416

  5. https://www.indiatoday.in/india/story/2g-spectrum-verdict-what-happens-now-to-122-cancelled-telecom-licenses-1113292-2017-12-21

  6. https://www.livemint.com/Companies/rPju0LUcHUizRBbXH7ecdL/How-Mukesh-Ambanis-Reliance-Jio-shook-up-Indias-telecom-ma.html

  Section 11: Twin Shocks of NPAs and RBI Autonomy

  Chapter 20: The Genesis and Rise of NPAs

  1. https://www.livemint.com/Opinion/arQr1ZUW9EI51qwmF7lqJN/The-status-of-public-sector-banks-in-India-today.html

  2. https://www.businesstoday.in/moneytoday/stocks/invest-companies-fccbs-due-redemption-caution-returns/story/21869.html

  3. Raghuram G. Rajan, I Do What I Do (New Delhi: HarperCollins, 2017).

  4. https://www.iimb.ac.in/sites/default/files/2018-07/WP_No._505.pdf

  Chapter 21: Recognition, Recapitalization, Resolution and Reform

  1. https://www.livemint.com/Politics/Tio5Driwfu8UkEyvuiCkBM/SC-to-hear-challenge-to-RBIs-circular-on-bad-loans-on-28-No.html

  2. https://www.financialexpress.com/economy/arun-jaitleys-big-message-to-defaulters-ibc-instilling-fear/1363934/

  3. http://legislative.gov.in/sites/default/files/A2018-17.pdf

  Section 12: Demonetization

  Chapter 22: Shock Therapy or a Boomerang?

  1. https://www.ndtv.com/india-news/pm-modi-to-meet-military-chiefstoday-to-review-security-after-september-surgical-strikes-1622649 and https://indianexpress.com/article/india/india-news-india/narendra-modichief-of-army-staff-navy-air-force-pakistan-ajit-doval-4364124/

  2. https://www.bbc.com/news/world-asia-37531900

  3. https://twitter.com/sgurumurthy/status/1036157975570743298

  4. https://dea.gov.in/sites/default/files/Promo_PaymentsMeans_Card_Digital_0.pdf

  5. Raghuram G. Rajan, I Do What I Do (New Delhi: HarperCollins, 2017).

  6. Ibid.

  7. https://www.hindustantimes.com/business-news/rajan-preferred-other-ways-over-demonetisation-to-tackle-black-money/story-vlTbd6oixy6M4DnH65dWxI.html

  8. Author’s interview with Arun Kumar.

  Chapter 23: The Hand of the RBI and Modi

  1. https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=37259

  2. https://www.jagran.com/uttar-pradesh/kanpur-city-now-two-thousandnote-possible-14937251.html and https://www.hindustantimes.com/indianews/journalist-broke-story-about-currency-demonetisation-a-fortnightback/story-3OpgtR5ehdzkRRrwQITLgK.html

  3. https://www.livemint.com/Industry/kPPjdrUjWrqfryG8bwgv9M/RBI-and-demonetisation-An-insiders-account.html

  4. Minutes of the 56st meeting of the Central Board of Directors of the RBI.

  5. https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIA1934170510.PDF

  6. Minutes of the 56st meeting of the Central Board of Directors of the RBI.

  7. https://www.livemint.com/Industry/kPPjdrUjWrqfryG8bwgv9M/RBI-and-demonetisation-An-insiders-account.html

  8. Arvind Subramanian, Of Counsel: The Challenges of the Modi–Jaitley Economy (Gurgaon: Penguin Random House India, 2018).

  9. http://mospi.nic.in/sites/default/files/press_release/nad_PR_31may18.pdf

  10. http://mospi.nic.in/sites/default/files/press_release/FRE%20of%20National%20Income%2C%20Consumption%20Expenditure%2C%20Saving%20and%20Capital%20Formation%20For%202017-18_0.pdf

  11. https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2017-07-11%2011:07:31&msec=463

  12. https://www.business-standard.com/article/opinion/seasonal-adjustment-is-not-a-simple-mechanical-task-117111501699_1.html

  13. https://indianexpress.com/article/business/economy/cmies-mahesh-vyas-says-3-5-million-jobs-lost-due-to-demonetisation-5357295/

  14. https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-12-17%2012:47:23&msec=093

  15. http://phdcci.in/live_backup/image/data/Research%20Bureau-2014/Economic%20Developments/paper/Study%20on%20Impact.pdf

  16. https://www.business-standard.com/article/economy-policy/5-million-men-lost-their-jobs-after-demonetisation-says-swi-2019-report-119041700386_1.html

  17. https://www.business-standard.com/article/economy-policy/unemployment-rate-at-five-decade-high-of-6-1-in-2017-18-nsso-survey-119013100053_1.html

  18. https://www.business-standard.com/article/economy-policy/unemployment-peaked-to-4-year-high-during-demonetisation-govt-survey-119011001329_1.html

  19. http://epaper.financialexpress.com/2057957/Delhi/March-07,-2019#page/1/2

  20. https://www.indiatoday.in/india/story/demonetisation-what-india-gained-and-lost-1327502-2018-08-30

  21. http://www.arthakranti.org/news-events/159-what-was-arthakranti-proposal-to-pm-narendra-modi

  22. http://www.newindianexpress.com/opinions/columns/s-gurumurthy/2016/jun/22/Rajan-The-exit-that-was-inevitable-883797.html

  23. Minutes of the 561st meeting of the Central Board of Directors of the RBI on 8 November 2016.

  24. Rajan, I Do What I Do.

  25. https://indianexpress.com/article/india/india-news-india/demonetisation-of-rs-500-rs-1000-notes-pm-modi-bear-pain-for-50-days-then-punish-me-4373933/

  26. https://www.thehindu.com/news/national/ministry-withdraws-note-ban-report/article25608445.ece

  27. https://www.bjp.org/en/manifesto2019

  Section 13: GST: Widening the Tax Net

  Chapter 24: One Country, One Tax

  1. https://www.nipfp.org.in/media/pdf/books/BK_39/Reform%20Of%20Domestic%20Trade%20Taxes%20In%20India%20Issues%20And%20Options.pdf

  2. Ibid.

  3. http://gstcouncil.gov.in/brief-history-gst

  4. Yashwant Sinha with Aditya Sinha, India Unmade: How the Modi Government Broke the Economy (New Delhi: Juggernaut Books, 2018).

  Chapter 26: The Aftermath of the GST

  1. Based on the author’s interview with tax expert Satya Poddar.

  2. Ibid.

  3. Ibid.

  Section 14: Disruptions Ahead

  Chapter 27: India of the Future

  1. https://www.indiabudget.gov.in/ub1999-2000/bs/bs1.htm

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>
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