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hello and welcome to episode number 79 of daily global insights this is january 21st 2021 and i have with me our panelists co-panelist sridhar chithyalaji sridharji namaskar and welcome to guru's channel namaskar good morning we are in day two of biden administration yes and yesterday first day at the office biden signed a slew of executive orders at least 17 i believe we're just going to look at the numbers we're not going to go into the details today we will not have the time but we can take a bird's eye view at some of the salient features to get a sense of which direction this administration is headed and to know more about it let's go over to see that sridharji how was the first day in office of joe biden i think uh you know mr biden uh true to his promise uh he got onto the uh got on got on to the business uh you know it was a very uh what you call uh nice and simple and somber ceremony uh after kicked off with some uh you know very important kind of statements uh to the public in his auditorial uh presidential inaugural address where he says you know we may agree or we may agree to disagree and we disagree but what we're going to do is we're not going to walk away um you know that's one of these kinds of statements um and the other stuff is if you still disagree you know that's okay that's part of the democracy right so the story is but we want to work towards one common kind of a purpose so normally those kinds of you know flavored speeches uh statements and sentences that uh typically make a good speech but doesn't uh really translate into uh the main objective which is a divided nation unification and their alignment around the policies the policy is absolutely diametrically opposite to uh to trump's policies um in fact five of them are you know if you kind of categorize you know five of them leave the list and in fact the socialists and progressives within the party said you know there is no question of we walking away and there's no question of me taking the prisoners they identified health care education student loans climate and immigration as the pillars besides the stimulus in terms of getting the economy back so in other words those were you know five key headlines and if you take a look in no specific order on the climate side parrot according paris accord is signed done united states will be back in paris accord united states will be back in on the healthcare side but in who we will work with rest of the world in making sure that the best resources are available and best access to medication and the process of discovery of any illness and stuff comes out you know all these kinds of bombastic statements came out so who we are in back in into who then on the consequence one is we discussed it keystone cancelled okay the second one is the least that was given out in the north dakota arctic reserve alaskan reserve um and that lease is there is a moratorium that has been put on the uh put on the uh uh on that kind of lease that was auctioned the first lease is already with the national alaskan petroleum and they produce about somewhere between 350 to 400 000 barrels a day obviously affects the wildlife that is the view of the democratic party uh 23 million acres was around that area was the the deal so that's on the climate side on the immigration side um you know two important decisions one is on the census all the illegal fellows uh need to be counted and so he's put a hole is put i don't know how the supreme court will react scorches this is uh we'll react but the story is um um you know they need to be included uh he also opened up uh he is also told that uh you know all these caravans that are coming from central uh central america you know you all have to wait before you kind of you know we normalize things he appointed a new uh head of asylum office he also opened up the countries which were on the no-fly list or restricted list um you know we don't want to go through each one of these countries uh he said you know we cannot uh you know be saying you know muslim nations non-muslim nations and we cannot discriminate so he has asked them to process visa in some of these nations so that's on the immigration side on the student loan side he says uh whether that will go through senate or to get a formal financial ratification is talking about waiving ten thousand dollars so that's on the um education side i think the health care side we mentioned yes join the who and then he's also thinking about this universal health care and extending further the obama care provisions which was a little bit modified or put on put on hold by trump so that will be kind of back into back into action so i think that's an education you know they're spending more money you can see i think there'll be even more money coming into education which is this equality question that is coming up whether there are different graded schools that are going to be introduced remains to be seen so we are into into into the thicker business the executive actions unwinds many of the policies that were put in place and kicks into motion the progressive agenda one thought sir on the impeachment not impeachment on the census taking of the supreme court decision the scotus decision of allowing illegals also to be countered see now the democratic party which is the one who's usually the beneficiary of all these things should they be normalized for a citizenship they would know at the government's expense what are the numbers that they can expect across the world i mean across the country um well i think that uh i'm trying to understand this question i hope i can give you the right answer what i'm trying to say is without having to do the hard yards on the ground the democratic party will know what is the boost in their numbers expected boost in their numbers i think the strike rate should be uh look i think i don't want to sound too too much usually you'll find that the honeymoon period it favors the people who actually facilitate it once the honeymoon period is over uh people get integrated into the society maybe their personal preferences and choices and their values characterized there's nothing called as you know i normalized 12 million illegal aliens into a two-tier model of five-year eight-year harmonization in terms of residency and citizenship and so therefore i have a lifelong commitment to this party they may take membership into the democratic party as they become citizens as they become citizens but there's nothing called lifelong so they may change views but in the initial honeymoon period naturally the party that has given them that flavor carries the the what you call the the flesh so therefore you would assume that the um you know i didn't want to sound the word the curry but the story is that you know curry and the flavor goes with uh with the with the initial with the initial party that has given them the uh the grant of the compassion uh one look at the us politics outside of white house nancy pelosi has said that president trump could be an accessory to murder on january 6th is this shrill talk or what is exactly going on because if you see yesterday we talked about this a senior democratic senator dick durbin said that there is going to be no impeachment so now we are looking at two parts of the democratic party uh saying different things what do you make of it sir look i think uh nance there is not been no love lost between nancy pelosi and president trump they've never struck a relationship never had a relationship i don't even know i don't if i recall i don't even know whether nancy pelosi attended uh the trump swearing-in when he took over president um without sounding uh you know too uh what you call you know biased one way or the other there's a lot of criticism that trump was not present yesterday from a protocol quite a number of people were absent important people were absent from the democratic party when trump took over the uh presidency including nancy pelosi be it her rhetoric be it this uh you know the launch of this russian interference and all the investigations that happened the first impeachment that occurred and including the state of the union address being toned right in front right where all these things reflect that there is a kind of some personal animosity that sits that's that is above and beyond uh what you can call any kind of uh violation of rules or law or whatever you want to kind of call it so there seems to be so this statement is again a further reflection that she wants to do it otherwise which there's no investigation there's no assessment what is visible is the riots right what is not visible is what exactly has happened now you talked a lot of constitutional experts the constitutional experts state that it is a first amendment so how exercising the first amendment does not constitute um the an impeachable offense that's the first point second where exactly this concept of incitement that occurred within the speech that resulted in the word insurrection okay um and there's again intelligence which says that some of these things were planned well in advance if that was the case who were behind it what was the planning etc so nancy pelosi's rhetoric that you attribute seems to be a predisposed view that she has rather than anything that uh what is actually behind it i don't know but um but there is there is clearly much more than meets the eye in terms of our you know some of the statements that are coming out of our office uh on the republican side um we have seen statements coming out of lindsey graham who is saying he told fox that if you are going to erase donald trump from the party then you are going to get erased meaning the party and so lindsey graham is saying you know you cannot isolate trump and then hope that the rest of the party will stay intact and there are also other people such as jim jordan rand paul and kevin mccarthy who are also saying you cannot impeach and you cannot split the party so there is growing awareness now and i'm sure the last the two georgia senate seats laws must really sting them because i think in one of those races in the on november 3rd the republican candidate had won except that in the runoff that person lost so so this must be really ranking the the the republicans so you see now that in both parties there are two two sections and they are at each other and and we have to see how this plays out so my question to you sir is biden has said that i'm going to leave the trump impeachment to the senate and the senate is not really sure about this impeachment what happened yesterday in senate well um i think you have raised a very important question which is you cannot give you know a capital hill inaugural speech which is to say we all must come together this is about unity we must think about differences uh you know the word that is used here you know in the hour of peril we are confronted with challenges we must come together we have our differences we must unite so there are 74 million people who still now who are voted and the gallup poll this morning is 82 of the republicans like trump so out of that 74 million who have voted for him you know you're talking even if you take 82 that's close to about 60 million the 60 million people are with him out of the 74 on the on the on the preferential polling now you go ahead and say i'm going to impeach you on day one without the due process and so on um then i think what these people are saying is do you want to unite the nation and forget and move forward because even he's not in office he's not a threat he's not in the office now this is where you have to go back to chuck schumer's statement right chuck schumer says is unfit to hold public office so therefore we must make sure that he no longer becomes uh is able to contest and and hold position so democrats may be having an agenda and this is something that we discussed before the show started which is to say what is ailing the republican party what is ailing the republican party is the leadership and trump was the unanimous leader who harmonized and brought a lot of people kind of together so the target is trump the impeachment and all these proceedings is project trump not to come then you come to the next which is namely you find that there is lot of disunity within the republicans that is the truth a lot of disunity so i think this whole impeachment agenda is to keep the divided party divided with no leader so the agenda can run whatever the democratic agenda is they can run unhindered that seems to be the uh the motivational force and the driving force well which is typical in any politics let's take a quick look at global news china's world health organization acted too slow for the panel to stem the pandemic and taking measures now we are hearing that several provinces inside china are actually shut down so the pandemic is raging inside china now what is the prognosis is this something new a new variant is it uh the same original one from gohan what are your thoughts what does your information tell you the information that i get is the wuhan is the foundation the variances are all coming you know at least within china out of that there is no variant that has come or implanted from united kingdom or from japan or from united states so it is all self-triggered from whatever those wuhan labs are this is one of the points of criticism of who strangely so with china is rejecting that there is no data that has been given by china in terms of what they have found and what is the root cause what is the structure uh of this virus are there many variants or it's a single way or is it a single does the mutation causes uh you know more variabilities in the in the structure of this unknown so there's a lot of missing data this has been one of the criticisms and second if china has found this out why it has not communicated the same to the rest of the world so this could have been contained now the answer to these two questions is reflective of what's happening within china probably it is quite probable that much of this data either is lost or seems to have been lost or i don't know what it is but otherwise you can't have such a maze massive breakout that's happening to the extent that these people are leaving their homes and their cattle behind and being evacuated so therefore they're leaving the property they're leaving their uh uh their you know farming stuff and moving out reflects that china is also struggling and grappling with a big issue right it is being china we only have got the modicum we only have got only a sample we'll never know uh you know the true magnitude of this issue so the answer to the question is probably we don't know what we don't know uh moving on japan's prime minister suga pursues biden's commitments on free and open indo-pacific we have to remember these words indo-pacific versus asia pacific biden has been sticking to asia pacific now suga is again kind of holding his hand and saying wait this is not asia pacific this is indo-pacific what is the subtlety here sir can you unravel this for us yes yes yes i think that you know i'm a strong and firm believer in i'll put my step forward in the indo-pacific kind of a model um on the east japan sees itself as the pillar of the uh the security and trade apparatus and on the east eastern side they see indo so on the western side they see india as the anchor so in other words if you divide it as pacific south china sea indian ocean and forward going up to djibouti they see india as the key security architecture and then they see themselves australia and japan with south china nations as the architects of the uh the pacific and south china kind of rim so he says the indo-pacific strategy as both a trade and security kind of an architecture is the right word it's not asia-pacific because it is not all-encompassing uh asia part of it we have changed the name uh we have changed the architecture we have this two plus two dialogue then we have the quad as the security and then we are providing the apparatus so they got wind of this which is to say these changes in names as well as kurt campbell's position which is effectively to state oh well you know we need to look at this uh security apparatus and we can't just simply be on pacific we have to extend this thing while beyond um the indian well into indian ocean and going all the way back to djibouti so they eliminated this word uh and they wanted to bifurcate this into asia pacific and the indian ocean uh architecture and and suga is saying we have done all the hard work we have a broad framework you know you better get get you know he's giving us in a typical japanese manner he's giving a subtle message it is indo-pacific okay you guys are out we are the custodians of uh cptp uh you know tp uh cpp you know they are the trans-pacific comprehensive partnership we are the custodians anybody who is coming in has to be we are also the custodian of apac we are also the custodian of asean so under these circumstances okay please don't change this narrative and join change the name almost giving a message you make a decision do you want to be part of it or you don't want to be part of it we'll take care the indian government offers to put on hold the new farm bills for a period of up to 18 months this was the crux of the conversation that took place between the agitating farmers associations and the indian government see the supreme court has put a stay on it now the indian government is saying we will not implement it for 18 months now is this something that will be tried on other things also i'm just looking forward into other things that will be coming down will every time this government go and ask the supreme court whether oh i have passed this bill should i go ahead and implement it or what do you think isn't it the other way around legislature is the one that passes the laws we've had instances where even after a supreme court ruling the legislature goes back and changes the law to override the supreme court ruling for example the nationalization of banks in 1969. so so this this this over overreach by judiciary into executive it is a very interesting study in democracy how do you see this whole thing play out i have um you know three specific observations uh on this one is the reform of the agro sector is long overdue right uh here we call it as connecting the growers to buyers and intermediaries between growers to buyers has always resulted in an asymmetric equilibrium in the trade okay simply means price as well as um the the benefits of on either side the guy who buys the guy who produces that has benefits have never reached the intermediaries have benefited now that should not be the case in any ecosystem so all the models that we have done we have some investments uh our fund has got investments as well in in this sector so it works perfectly the reform is needed so the reform was done by and everybody unilaterally accepted that the reforms are the good reforms that has been enacted now now that you asked me a very interesting question which is to say this triangular struggle in india between the uh the judicial branch the legislative branch and the executive branch to some extent the executive branch and the legislative branch kind of merges into one single entity unlike in united states so therefore it seems like that the supreme court in india has decided governance part of any enactment of law and the outcomes it seems to be accountable not the legal part because what you are delving into is the governance of the execution of the law when you have a bunch of people coming in and protesting you are saying protest is a descent agreeable in a democracy okay fine but you make a protest but it cannot be at the destruction of you know public property and you know when you have a vast number of people agreeing to it you have a bunch of people you protest and you walk but you can't say i'm going to hold the country to run so this then the guy the supreme court says oh you know you guys need to kind of sit together and talk you're not resolving so i'm getting involved so that is the governance part of it governance in the execution now here's the malady they got into the governance they got into a mess now then they say hey it is the responsibility of the delhi police to determine who comes in and who doesn't come out and then you know how that law needs to be how the lawfulness needs to be managed it's not my responsibility it's a responsibility of the delhi police so there is a dichotomy i've asked this question to some of the these imminent people you know who run the legal process within india so the answer that i got is a typical you know subtle answer which is to say we are still an evolving democracy so we are trying to find our way out so my view is as you rightly ask the question if we are i mean we have seen this not only in this this particular uh in a form we have also seen in the taxation laws one of the soul contentions uh you know companies you know you go back retrospective and then you begin to ask the companies to pay a kind of taxes so to me i think that this is going to be a struggle as india tries to evolve into a 5 trillion economy the supreme court should stay away from these issues and on one agitation they say all the people sitting there and holding the the communities and holding the nation to ransom right is illegal and they must be evacuated then what they do these people don't leave so then they use the political uh fulcrum around the world and try to create an issue right when 9 out of 10 people or 8 out of 10 people agree to your law then you say the law is fair otherwise people won't you can't implement a law if people behind the execution of it are not taking ownership of it in the case of agriculture this particular reform there seems to be at least few states whom i've talked to they seem to be amenable and they think that this is the right thing and it benefits everybody and the process is underway except one specific state or maybe two specific states uh would join um so this is a very bad presidency very bad precedence for not just this reform but all future reforms so if i decide i can assemble a whole bunch of you know 100 000 people 200 000 people i can hold the country to runs and say i don't like this law so therefore i'm going to kind of uh you know come in by the way all these people were looked after in a five-star style kind of uh facility so it makes it even more uh a jamboree for uh you know uh doing this this has been you know a financial express suril jain has written excellent pieces on this are on on on this form he says do not give in do not give in do not give in because it just is uh you know good thing is going to be thrown for a bad kind of an outcome and what do they come up with they say okay we're going to defer this for 12 to 18 months i hope that government recognizes and comes up with a framework to take this forward and also he establishes the supreme court that if every time this is going to happen then reforms will can never be advanced and no point in blaming the government so therefore i think that's my observation thank you for that and let's take a quick look at some other things happening in india we'll sir we are around 27 minutes into our program hopefully we can touch upon these two and then we can sign up for today this is a very interesting development and i have my own two cents on why this is happening but i'll stay i'll wait till after you've made your inputs amazon india is collaborating with major venture funds to try and set up y combinator type of units these are what you would call as seeding environments where you create an infrastructure where startup companies without having to worry about taking care of having rental and other things to take care of they are brought into a single place where a common pool of resources such as meeting rooms and facilities food everything so that people don't have to have their own stuff and not have to spend time worrying about the logistical operation of a startup a startup has a razor-like focus on getting their idea out to the market as quickly as possible long winding i'm so sorry about this because i needed to explain what a y combinator is for the viewers so that is a very good move but why is amazon india so keen on this is the question that i want answered from your perspective the second one is amazon web services is going to partner with india in setting up a quantum grid computer applications lab quantum computing we know is the next generation computing so i see these two as very significant moves what are your thoughts um i think that is a great question so let me give you on the first one uh which is the starting ecosystem um historically uh this is something that in going back in uh you know to united states coming here uh you know cisco used to do this if you recall going back uh they you know the whole infrastructure ecosystem was uh germinated so i think amazon is saying uh you know we are b and it's not amazon retail amazon retail is very big um because the metrics that they have laid out gives the clue as to why they are investing they are investing in the startup ecosystem with an idea in mind that the outcome or the output from some of these initiatives will result in 10 billion dollars worth of economic output being purchased from these companies we germinate out of this over the next four or five years by amazon so there is a very specific trade volume number that amazon is kind of raising its hand as an outcome to come not just simply you know leap of faith i'll put something and what happens i think that is very good now here's my take there's another initiative that is going on uh which is this issue between reliance and amazon in the future retail right so now that i think there's a resolution which is to say future retail now is going to be acquired by reliance um and you had a two dichotomous you know so amazon filed in singapore and reliance and future retail in india anyway i think that's going to be consummated so they're saying they need substitution so they will say we'll say we'll start from ground up and we'll build this kind of capabilities with new idea amazon never goes back and buy something that is you know 10 years old it's only thinking about you know what is 10 to 100 years from now so to me i can see some dots being connected as far as the grid computing is concerned um clearly cloud is the future and cloud and quantum are the future um you know amazon is taking a up lead which is saying i want to partner with you and set this up microsoft is also big in india ibm is also big in india but it's a very laudable initiative by amazon in terms of you know flavor by the other point is that uh jeff bezos does have a very good relationship with uh he has been in the u.s india business council he has centered a number of meetings with prime minister modi there's also personal chemistry between the two of them however much one perceives him as left in his media business which is washington post uh there is still that uh you know mardi gras relationship that that all these fellows have with mr modi you know who is a leading figure and my only word of caution is you have to all india has to learn from what has happened in the united states that that's my final point on that so uh to sum up my viewpoint on this uh you see a lot of people said oh why did india do a lockdown without any uh notice any advanced notice india didn't give its citizens a chance to prepare for the lockdown they shut it down like a switch so many people were inconvenienced they had to go back to their native places and so on and so forth but if you look at the results today india is perhaps one of the few countries where the covet has seen a u-shaped decline in the newer cases so india has figured out a way to bottle up this new virus and the world is sitting up and taking notice like you said amazon is looking at a 10 to 100 year strategy they are saying hmm india despite being the most one of the most populous countries in the world has figured out a way to keep this thing under control and i think it's important that as the west still tries to figure its way out of this corona virus and its variants india seems to have figured out a way to have a balance between normalcy and battling the new virus so i think that is the reward that india is getting now for having managed that this is just my observation i could be wrong viewers if you have a different viewpoint please feel free to chime in through your comments and also we will now be bringing this episode to a close unless you want to add something to itself no i just want to congratulate that's a very interesting observation that you have brought about which is namely uh keeping that pandemic point of view as to how to manage you know disruptive technologies uh have a profound influence on future business models now disruptive influence by a pandemic uh you know india seems to have managed and uh and i think that your point is that amazon is saying if you if you have a disruptive pandemic then we need a framework with which you can implant a business techno model and i think that's your point which is i think an excellent point in terms of the observation that you're bringing out sir thank you very much uh yes sridharji uh viewers it is my pleasure to have this process continue and for that we need your support please subscribe to this channel if you have not already done so the subscription subscription button runs on the bottom right corner of your video as this live broadcast progresses and also please refer us to your friends and relatives we would we are committed and i as well as sridharji it takes us a long time to put together this programming and you will notice now we have established this as a track record we are one or two days ahead of news when it becomes mainstream news so you actually are getting a heads up about what is coming down the pipeline and and uh we we appreciate your support thus far we would like to do more with this we like to have even better infrastructure even better reporting facilities so to do all this stuff we need your help and it's not monetary as much as it is just in form of subscriptions we need to grow to the next level we are really trying hard to do it ourselves also but we need your help thank you very much sridharji and we'll be back again tomorrow same time same channel savaskar thank you namaskar have a good day everybody