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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony)...

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony) organized by the BJP Kisan Morcha at Mumbai’s Yashwantrao Chavan Pratishthan on Wednesday, Fadnavis declared that farmers using agricultural pumps of up to 7.5 horsepower will see their historical electricity dues completely wiped out. The announcement was met with the traditional sounding of the Tutari and thunderous applause from hundreds of farmers who had gathered from every corner of the state. The Chief Minister framed the mega-sop as a necessary step to “wipe the farmers’ slate clean,” enabling them to write a new chapter of prosperity. Calculated Pitch The timing and scale of the announcement underscore a government that is boldly embracing populist economics to solidify its political footprint in rural Maharashtra. While Fadnavis maintained that these decisions were taken purely in the interest of the farmers—pointing out that the original loan waiver was announced when no elections were in sight—the political undertones were unmistakable. Taking a sharp dig at the opposition, the Chief Minister accused rival parties of running “political shops” in the name of farmer agitations without understanding the government’s genuine intent. Asserting his grassroots connection, Fadnavis proudly claimed, “I do not make decisions sitting in my house. I am a farmer myself, a man of the soil.” He openly defended the government’s recent move to strip away the stringent conditions attached to the blanket farm loan waiver, signaling that his administration will not hesitate to clear bureaucratic hurdles if it means putting money directly into the hands of the rural voter. Balancing Sops Even as he rained freebies, the Chief Minister attempted to balance the populist optics with a dose of economic pragmatism. He acknowledged that handing out repeated loan waivers is a symptom of deep-rooted agrarian distress, not a permanent cure. Pointing to the Rs 95,000 crore in aid currently being pumped into the agricultural sector by the state and central governments, Fadnavis outlined his administration’s shift toward an investment-driven agricultural model. He championed the success of schemes like ‘Jalyukt Shivar’ and ‘Magel Tyala Shettale’ (farm ponds on demand), claiming these initiatives have already empowered farmers to harvest multiple crops a year. Addressing the core issue of farming costs, he noted that the government already subsidises power to the tune of Rs 25,000 crore annually. By coupling this with a push for solar pumps and solar agricultural feeders, he promised that 100 percent of the state’s farmers would receive uninterrupted daytime electricity by the end of the year. Infra Dream Looking beyond immediate financial relief, the Chief Minister laid out a grandiose vision to permanently drought-proof Maharashtra’s most vulnerable regions. A staggering Rs 6 lakh crore infrastructure pipeline is being planned to ensure the next generation never witnesses a drought. Fadnavis detailed ambitious river-linking projects, including the Wainganga-Nalganga link, to divert excess floodwaters to parched regions. The state plans to construct 24 new dams and raise the height of 16 existing ones to ensure not a single district in Vidarbha faces water scarcity. Furthermore, massive engineering feats are on the drawing board to divert 200 TMC of floodwater from Western Maharashtra to Marathwada, and lift 275 TMC of wasted water from the Ulhas basin to quench the thirst of North Maharashtra and Marathwada. By marrying immediate, massive debt relief with long-term infrastructure promises, the Fadnavis administration is aggressively cementing its pro-farmer narrative. As the Yashwantrao Chavan auditorium echoed with whistles and cheers, it became highly evident that the government’s strategy of pairing mega populist waivers with big-ticket rural dreams is striking a powerful chord with the state’s agrarian voters.

The Modi-Trump Contrast

Though often grouped together as ‘nationalist strongmen,’ Narendra Modi and Donald Trump reveal strikingly different approaches to power, diplomacy and governance.

Politics in the 21st century has become increasingly personalised. Institutions still matter, but voters often view governments through the prism of individual leaders rather than parties or policies. Few contemporary politicians illustrate this trend better than Donald Trump and Narendra Modi. Both have cultivated powerful personal brands, reshaped their political movements in their own image and built direct connections with millions of supporters. But beneath superficial similarities lie profound differences in governing style and strategic outlook.


America and India are bound together by growing strategic ties, but the relationship is also shaped by the personalities of their leaders. The recent interaction between Trump and Modi during the G7 summit saw both men exchanging public compliments and displaying an unusual degree of personal warmth. Yet diplomacy, is more complicated than personal chemistry.


Different Temperaments

At first glance, the two leaders appear to belong to the same political family. Both are nationalists who speak the language of national revival. Trump’s slogan, “Make America Great Again” and Modi’s vision of a self-reliant India seek to reassure voters that their countries can regain lost confidence and status. Both have presented themselves as outsiders willing to challenge established elites. Both have bypassed traditional intermediaries to speak directly to citizens through mass rallies, television and social media.


Yet, Trump’s political style thrives on disruption. Throughout his political career, unpredictability has been both a strategy and a trademark. Supporters regard it as evidence that he is unconstrained by conventional thinking; critics see it as a source of instability. Whether in trade policy or diplomacy, Trump has often preferred sudden moves and dramatic announcements to incremental statecraft.


Modi, by contrast, has cultivated an image of steadiness and long-term planning. His supporters frequently describe him as a leader who delivers on promises, while critics accuse him of centralising power. Yet even opponents acknowledge that his administration generally projects consistency in its strategic objectives. India’s domestic programmes, infrastructure expansion and foreign-policy initiatives have largely followed a coherent long-term framework rather than abrupt shifts in direction.


Trump’s worldview is transactional. International relationships are often judged according to immediate economic or strategic returns. This approach has led him to question longstanding alliances, impose tariffs on friends and rivals alike and demand greater reciprocity from partners. His scepticism towards multilateral institutions reflects a belief that international arrangements frequently disadvantage America.


India’s foreign policy under Modi has pursued a different course. New Delhi has embraced “strategic autonomy” - the ability to maintain productive relationships with competing powers without becoming dependent on any one of them. India has deepened ties with America while preserving relations with Russia. It has cultivated partnerships with Israel while maintaining channels to Iran. It participates enthusiastically in Western-led initiatives while remaining an active member of groupings such as BRICS.


Balancing Act

This balancing act reflects both necessity and ambition. As a rising power, India seeks room for manoeuvre in an increasingly polarised world by maximising options.


Economic policy offers another illuminating contrast. Trump’s protectionist instincts have remained remarkably consistent. Since entering politics, he has argued that globalisation disadvantaged American workers and enabled unfair competition. Tariffs, once regarded as relics of a bygone era, became central instruments of his economic strategy.


Modi’s economic approach combines market-oriented reforms with selective protectionism. ‘Make in India’ and ‘Atmanirbhar Bharat’ encourage domestic manufacturing and self-reliance, yet India continues to seek foreign investment and integration into global supply chains. The result is a hybrid model that attempts to balance openness with national economic priorities.


Their personal journeys are equally revealing. Trump entered politics after a career in business and entertainment, bringing with him the instincts of a dealmaker and showman. Modi’s rise followed a more traditional political path, from grassroots organisational work to state leadership and eventually national office.


Both men have transformed their respective political movements. Yet their political environments differ dramatically. America remains a mature superpower grappling with questions of relative decline and domestic polarisation. India is an ascending power seeking a larger global role while managing the challenges of development and diversity.


Contemporary leadership cannot be understood merely through ideology. Charisma and personal authority are increasingly shaping political outcomes across democracies today. Trump and Modi are among the most prominent examples of this phenomenon.  History, however, judges leaders by the durability of the institutions they leave behind rather than rhetoric. In that respect, the ultimate verdict on both men remains unwritten.


(The writer is a foreign affairs expert. Views personal.)

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