Sunil Jain Profile picture
Mg Editor, Financial Express. Edited opinion for Business Standard. Business Editor 4 IndianExpress & earlier IndiaToday. Co-author: Caste in a Different Mould
Jan 26, 2021 8 tweets 5 min read
This is why negotiating with the farmers was always going to be an uphill task
They commit to one thing and then enough of them break rank and then push another demand
This is a hydra-headed monster we're dealing with and it is feeding upon the sympathy that many are giving it I wonder if all the supporters of the farmers are feeling slightly ashamed of what they have unleashed
@capt_amarinder @RahulGandhi @INCIndia

Any blackmailer with force now has a copy book on how to cripple a government, Dear Supreme Court and others
Happy Republic Day!
Jan 11, 2021 13 tweets 8 min read
Now that Supreme Court will suspend @narendramodi farm laws till a panel it sets up decides the way forward, what are other laws -- including tax ones -- we can get suspended?
Just keep in mind that, to be successful, we need to b able to gherao capital, so need tractors, etc If agitating Punjab farmers don't go back home once SC suspends @narendramodi farm laws,will SC ask its police to force them out of Delhi? Oh wait, SC doesn't have its own police force!
& if farmers or govt don't agree to panel reccos? Will India be run by SC's panels now?
#THINK
Dec 23, 2020 5 tweets 4 min read
Apart from fact that late @arunjaitley had said court/arbitration awards would be respected as solutions to the @INCIndia retro-tax, Cairn case was examined by govt on many occasions prior to late #PranabMukherjee's retro tax, and issue of tax dues never raised Image Delhi HC ruled against this last year,but taxman said Swiss firm Xstrata’s arbitration award against Dalmia Bharat was a 'windfall gain', as in lotteries, betting etc Was taxman admitting enforcing arbitration awards in India is a matter of luck, a lottery? Image
Dec 23, 2020 4 tweets 3 min read
MASSIVE WIN for @CairnEnergy though the markets seem to be confusing this with @CairnOilandGas which is a @VedantaLimited firm and had bought CairnEnergy's India business
Now to see if @narendramodi govt will pay $1.2bn damages
India's CREDIBILITY at stake As in the @VodafoneGroup case, in the @CairnEnergy case too, the award was unanimous
that means even the arbitrator that the Indian government nominated voted against India
Nov 30, 2020 15 tweets 11 min read
The @capt_amarinder @RahulGandhi farmer agitation is about politics,not farmer rights!
Punjab is HUGELY pampered--almost all wheat/rice brought to market is procured at MSP versus 10-20% for UP and even less for others.Yet, state agri GDP growth collapsing financialexpress.com/opinion/this-i… .@narendramodi be fair to ALL states, DIVIDE annual FCI-spend equally
Why should Punjab get so much FCI money when UP or other states produce more?
This is not a farmers' agitation, it is a Punjab agitation, critical to @INCIndia survival
@capt_amarinder can be next Cong chief✋
Oct 1, 2020 5 tweets 2 min read
Economy getting back to normal @SubramanianKri @nsitharaman @SubramanianKri @nsitharaman
Sep 27, 2020 4 tweets 5 min read
Dear @nsitharaman @narendramodi, cesses are unfair to states as it deprives them of taxes @DrAmitMitra @SushilModi. Also, as CAG says, cesses are mostly misused since they are not used for what they were earmarked for.
Parliament should examine the issue financialexpress.com/opinion/cess-a… .@pksahu9 has details of how much cess was diverted
Various @FinMinIndia secretaries must explain how this happened especially since CAG repeatedly reported this @nsitharaman @narendramodi
And y did other secretaries keep quiet when money was diverted?
#OilCess #TelecomFund etc Image
Sep 1, 2020 4 tweets 4 min read
PM @narendramodi has to hope @VodafoneGroup doesn't meet any potential investors in India. It was first hit by the UPA's retrospective tax, and having invested $30bn, it is close to shutting down India business.
What a sad story for one of India's biggest FDI investors till date SC hit @VodaIdea_NEWS but @RelJio4g won't have to pay Rs 13,000-cr & @airtelindia Rs 2,000-cr During hearing,SC said anyone who had got even a part of another telco's spectrum had to pay proportionate amount of AGR dues Now it says pay due only if ALL spectrum bought Zero logic🤬
Aug 14, 2020 4 tweets 3 min read
Whether @pbhushan1 should have said some judges are corrupt is one thing, but when some judges give suspicious judgments,what is the remedy SC suggests? Impeachment hardly ever works
SC & CJI need to think of implications of the sentencing & what it says about the judiciary How does the UK deal with contempt cases? From @VC_NALSAR in @IndianExpress
SC displays an unusually thin skin in @pbhushan1 case, worried about two tweets when it has serious issues to deal with
#IGiveTwoTweets Image
May 30, 2020 4 tweets 3 min read
Trashing @realDonaldTrump @POTUS in his face-off with @jack @Twitter easy as many of Trump's assertions border on the incredulous But the Prez raises important issues about the impartiality of social media like Twitter & @Facebook
financialexpress.com/opinion/twitte…
#WakeUpToSocialMediaBias Image Time to do some experiments...
May 17, 2020 5 tweets 3 min read
The extra borrowing for states linked to central govt approval seems harsh, but is clearly a way to encourage states to come up with reforms on labour/land etc. Seems a good move, assuming @narendramodi govt is clearly very reform-focussed itself All those talking of very little stimulus need to keep in mind what would have happened without govt intervention @sanjeevsanyal @SubramanianKri @nsitharaman as tax collections and divestment collapsed. So you need to look at the extra spending that will now happen ...1/2
May 15, 2020 4 tweets 2 min read
Graphics on the spread of Corona from paragkar.com/map-zero-cases…

This is how India looked on Feb 28, very few districts reported cases in the past 14 days, and none in the past 21 days Image Here's the map for April 1 Image
May 11, 2020 4 tweets 4 min read
Hope other CMs @OfficeofUT @ArvindKejriwal @MamataOfficial @vijayrupanibjp etc also quarantine passengers
@narendramodi not even allowing intra-city buses,wants offices to work with 1/3 staff to keep 'do gaz ki doori', but inter-state trains with little social distancing allowed! Image Govt @narendramodi not even allowing intra-city buses,want offices to work with 1/3 staff & keep 'do gaz ki doori' to prevent infection-spread, but inter-state trains with little social distancing allowed @PiyushGoyal ! This is a colossal mistake since no quarantining on arrival Image
May 8, 2020 5 tweets 2 min read
It remains a mystery why India's rich temples haven't come forward to take larger responsibility for the poor. In times of serious trouble, women sell their gold, surely the temples should be doing that? As for the really rich,they continue to be parasitic financialexpress.com/opinion/covid-… Image
Mar 22, 2020 4 tweets 3 min read
#JustDoIt Image This is we're doing the #JanataCurfew To check the spread of #CoronavirusPandemic Image
Mar 17, 2020 4 tweets 3 min read
AT1 bonds are quasi-equity, yet @RBI wrote them down while its Yes Bank rescue package has sent equity value soaring! Not only is this unfair, will hit other banks ability to raise AT1 bonds
Best to convert them to equity financialexpress.com/opinion/why-it… Some evidence of mis-selling of AT1 bonds by @YESBANK staff, convincing FD holders that AT1 were just better FDs with a longer maturity, ideal for HNIs
@SEBI_India @RBI need to urgently investigate
Mar 17, 2020 6 tweets 4 min read
The govt's telecom rescue package, as outlined in affidavit to SC, is too little and too late @rsprasad @narendramodi and will do nothing to help keep telcos like @VodaIdea_NEWS afloat
Hopefully, this is just the start and genuine relief will be offered
financialexpress.com/opinion/teleco… Today's column talked of how govt plan to quantify the damage SC's AGR judgment would wreak was unlikely to work. Bcoz govt's weak affidavit didn't quite highlight the extent of the impact on govt revenues & banks
Well, guess what, SC wasn't convinced @rsprasad @narendramodi
Feb 18, 2020 5 tweets 5 min read
Unless TDSAT gives verdict that ignores basic SC ruling,difficult 2 give PSUs relief @dpradhanbjp @rsprasad @narendramodi as little ground to treat PSUs differently
As @VodaIdea_NEWS moves to default,govt loss > revenue it can earn! #WhoWillInvestInIndia?
financialexpress.com/opinion/psus-s… Image Pyrrhic victory for @rsprasad @narendramodi Huge hit to India's reliability as investment destination + Govt can at best hope to get ₹50,000-60,000cr from AGR dues as @VodaIdea_NEWS nears default but
banks & govt stand to lose large part of ₹2.7 lakh cr
financialexpress.com/opinion/psus-s… Image
Feb 14, 2020 11 tweets 7 min read
Seems Supreme Court won't give relief to telcos After SC gave a judgment that was really poor & included even non-telecom revenue in license fee calculations, DoT applied this logic to non-telcos as well
So likely that @VodaIdea_NEWS will now shut @narendramodi
#UnmadeInIndia @VodaIdea_NEWS @narendramodi Now 2C if @narendramodi calls a Cabinet meeting urgently to discuss this Apart from India's investment climate taking a HUGE hit, the government also stands to lose over Rs 2 lakh crore and banks around Rs 50,000 crore
Govt did nothing so far,so let's see if it finally acts
Jan 31, 2020 6 tweets 4 min read
This chart from @SubramanianKri should make it clear to @narendramodi that privatisation will boost govt wealth hugely. Prices of BPCL and HPCL were not too different till govt spoke of privatising BPCL and then its shares TOOK OFF Image The excellent Eco Survey from @SubramanianKri debunks MOST of the economic theories propounded by @narendramodi govt: price interventions help, privatisation isn't a great idea, keeping entry to sectors like coal is good, FTAs so far have hurt India, labour laws good for labour..
Jan 18, 2020 4 tweets 5 min read
.@CCI_India probe of @Flipkart @amazon must explain y @reliancejio pricing was not predatory; if etailers can't own firms who sell on their platform,can Reliance or FutureRetail?What is "correct" discount,rules for offline & online must b same @PiyushGoyal financialexpress.com/opinion/cci-pr… Is @CCI_India even up to the job of a competition regulator? Apart from its obvious goof up on @reliancejio which resulted in the entire industry collapsing, it didn't think govt giving @airindiain Rs 33,000cr was anti-competitive, it kept mum when oil subsidies hit pvt firms... Image