Governance and Indian Nationalism (GAIN)

On February 19, 2025, Dr. Subramanian Swamy, a veteran Indian politician, economist, and Bharatiya Janata Party (BJP) leader, took to X to voice a blistering critique of Prime Minister Narendra Modi. In a post that has sparked widespread discussion, Dr. Swamy declared,  This statement, reflects Dr. Swamy’s longstanding reputation as an outspoken critic, even within his own political circles, and raises questions about Modi’s leadership, India’s geopolitical stance, and economic trajectory. Dr. Swamy’s Background: A Voice of Dissent Subramanian Swamy, a Harvard-educated economist and former Cabinet Minister, i s k nown for his Hindu nationalist leanings, legal activism, anti-corruption cru sade and progre s sive economic idea s . This post is continuation of a pattern that i s con si stent with Dr. S wamy' s ultra-nationali st vie w s. It a l so reflect s failure of oppo sition to hold ruling party accountable on variou s burning i s sue s. The China Border Dispute: Fact or Fiction?...

In a legal saga that has captured national attention, BJP leader Dr. Subramanian Swamy has been at the forefront of challenging the citizenship status of Congress leader Rahul Gandhi. The crux of the matter revolves around Gandhi holding  British citizenship alongside his Indian citizenship, potentially violating Indian law. Dr. Subramanian Swamy's Role: Dr. Subramanian Swamy, known for his legal battles, filed a public interest litigation (PIL) in the Delhi High Court. Dr. Swamy's contention is based on documents that show Rahul Gandhi as a British citizen in the records of Backops Limited, a company registered in the UK. These documents include annual returns from 2005 and 2006, where Gandhi's nationality was listed as British, and even in the company's dissolution application in 2009. Dr. Swamy argues that these declarations violate Article 9 of the Indian Constitution, which stipulates that no person can be a citizen of India if they voluntarily acquire citizenship ...

Subramanian Swamy, known for his Hindu nationalist views, draws a parallel between Narendra Modi and Neville Chamberlain, suggesting a critique of Modi's leadership in times of national peril, similar to Chamberlain's misjudgment of Hitler before WWII. The reference to Winston Churchill implies Dr. Swamy's call for a more assertive and blunt approach from Indian leadership, akin to Churchill's stance against Hitler, highlighting a perceived need for stronger, more direct action in current geopolitical challenges. This post reflects ongoing discussions about India's national security, particularly the tensions with China and Pakistan, as highlighted in recent analyses like those from the Observer Research Foundation, suggesting Dr. Swamy's post is part of a broader discourse on India's strategic positioning. Subramanian Swamy, a prominent figure in Indian politics with a background in economics, law, and academia, has historically been known for his outspoken...

In a significant development, the Chief Justice of India has announced that the Supreme Court will list for hearing in April 2025 a case challenging the Places of Worship (Special Provisions) Act, 1991. This announcement comes from a post by Subramanian Swamy, a noted politician and the original petitioner in this case, who is actively involved in seeking judicial intervention to address historical religious disputes. Dr. Swamy's petition seeks exceptions to the rule s in The Places of Worship Act , specifically aiming at the restoration of two significant Hindu temple sites: Krishna Janmasthan in Mathura and Gyanvapi in Varanasi. Krishna Janmasthan Temple in Mathura According to Hindu tradition, Krishna Janmasthan in Mathura is believed to be the birthplace of Lord Krishna. The site has a long history of being a focal point of religious significance, with claims that a temple dedicated to Krishna was initially built by his great-grandson Vajranabh. Over the centuries, the site ha...

Introduction The depreciation of the Indian Rupee (INR) against major global currencies, particularly the US Dollar, has been a significant concern for investors, both domestic and foreign. This article explores how the weakening of INR can lead to a fall in the stock market, focusing especially on the perspective of Foreign Portfolio Investors (FPIs). Understanding Currency Depreciation Currency depreciation refers to the decline in the value of one currency relative to another. For the INR, this often means it takes more rupees to buy a dollar or other foreign currency. Several factors contribute to this depreciation, including: Trade Deficits : When India imports more than it exports, it needs more foreign currency, thus devaluing the INR. Inflation : High inflation rates in India compared to other countries can lead to a weaker currency. Global Economic Conditions : Shifts in global investor confidence, changes in oil prices, or geopolitical tensions can affect currency values. Mon...