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2021 - The bystander budget: Time for private sector, civil society to 'unfreeze' - Trinidad and Tobago Newsday

kmmpub@gmail.com 

Every year we wait with bated breath for the holy pronouncement of the national budget. In our socialist, state-controlled economy that this has become a national pastime, though you'd think we'd get some better hobbies.

As always, us poor economists of all stripes get bombarded for requests on our thoughts. Yet having read this year's budget speech, commenting on it feels as dispiriting as it does obligatory.

What is different about this year's budget is that we are emerging on the other side of one of the greatest crises of our generation: the pandemic hitting our economy sapped by years of consistent decline.

This had me, amongst many others, surprisingly hopeful. The thinking was that all this would shock our economy and political structure out of a state of apathy.

What makes this budget disappointing is not necessarily its policies. On the face of it, it is a generally inoffensive mix of fiscal measures, some of which are quite good and a few of which are exactly the sort of thing that we've been recommending.

First off, more tech and more exports: the budget includes modest tax incentives for both, including a small tax incentive for early-stage tech companies and a five per cent tax cut for exporters. There's even a small incentive for electric cars.

It's certainly not nothing. But the vast bulk of the budget remains swallowed by recurrent expenditure on a bureaucracy, state enterprises and others that have remained basically untouched for years.

A crisis has gone by, but it feels that it is being wasted. I was very optimistic when the government made the courageous decision to reform Petrotrin and close our totally unproductive and wasteful refinery. Similar decisions were made at Caribbean Airlines and state-owned telecom TSTT.

But where is the deeper reform? I don't blame the budget's architects. We've been largely conditioned that any deep change requires money. The reality is that lots of our structural changes are less to do with money and more to do with the will to execute: the will to demand outcomes, and the will to follow up on them.

That's why, even though our budget is not necessarily a bad one for an ordinary middle income country in stable times, for TT in this time and place, it is the equivalent of simply adjusting the heat for the frog sitting in its slowly boiling pot.

After the budget, I rang up Justin Ram, a senior regional economist and former director of economics at the Caribbean Development Bank. He put it starkly: 'There is no acknowledgement that massive reform is required. For over ten years, have we not learnt that we can't spend our way out of this economic doldrum that the country finds itself in?'

How long will it take to realise that prolonged deficit spending in an uncompetitive small open economy does not work?

Throwing money at problems does not work. What are the outcomes that we are looking for?

There are massive structural problems in the TT economy. Is a five per cent reduction in taxes really goin

2023 - Hindus celebrate Navratri - Trinidad and Tobago Newsday

BAVINA SOOKDEO

Navratri will be celebrated from October 15-23. A vibrant Hindu festival, Navratri is a time when devotees come together to celebrate the divine feminine energy embodied by Mother Durga. The word "Navratri" translates to "nine nights," corresponding to the lunar calendar’s nine auspicious nights when devotees fervently worship and honour the goddess.

According to pundit Navin Omadath Maharaj, spiritual leader of the Munroe Road Shiv Mandir, “During this spiritually charged period, the changing seasons render individuals vulnerable to various ailments. Fasting and prayer, integral aspects of Navratri, are believed to purify the body, mind, and spirit, fortifying devotees to confront life's challenges with renewed strength and clarity.”

The pundit further explained that central to Navratri is the veneration of Mother Durga, regarded as the protective mother of the universe. “She is the guardian against malevolent forces, bestowing eternal peace and contentment upon her devotees. Navratri holds a special place in the hearts of worshippers as it marks the celebration of her first manifestation. According to Hindu mythology, Mother Durga emerged as the divine creation of Lords Brahma, Vishnu, and Shiva, with the sole purpose of safeguarding the universe from the clutches of Mahishasur, an evil and arrogant demon who mistakenly believed that no 'mere woman' could challenge him.”

The victory of Mother Durga over this malevolent demon is celebrated fervently throughout Navratri. Devotees engage in spiritual discourses (

Pravachan), sing devotional songs, and participate in the lively

garba dance, symbolising the epic nine-day battle between the goddess and the demon.

Maharaj said, “During this sacred celebration, offerings are made to honour Mother Durga, including arahu flowers, sindoor (vermillion), neem leaves (signifying the goddess’ preference), lapsi, sohari (a special sweet dish made in her honour), and the sacred Durga

dhar offering.

[caption id="attachment_1040101" align="alignnone" width="1024"] During Navratri devotees participate in the lively garba dance, symbolising the epic nine-day battle between the goddess and the demon.Photo courtesy Paramjyoti School of Dance -[/caption]

“As per the Devi Mahatyam (Hindu philosophical text), it is recommended that devotees observing worship during this period prepare this sacred blend of nine ingredients every morning and offer it in a

lota (vessel) with water, arahu flowers, and neem leaves. This ritual is accompanied by the lighting of camphor, with devotees wholeheartedly focusing on Mother Durga in prayer, fortified by unwavering faith.”

In situations where one cannot fast and pray for the entire Navratri period, worship is done on the eighth lunar day, known as Durga Ashtami, This day grants devotees all the merits and blessings of the entire festival. Furthermore, a special form of worship is observed on this day, during which nine young girls aged two-ten years are invited and honoured, symbolising the nine distinct forms of the g

2022 - Deyalsingh: Vision 2020 was not a PNM thing - Trinidad and Tobago Newsday

Minister of Health Terrence Deyalsingh says that one of the key hurdles in achieving long-term national development is the lack of consistency between programmes during different political administrations.

Responding to concerns from independent senator Dr Varma Deyalsingh – his cousin – over TT's five-year political cycle hampering meaningful development, in the Senate on Thursday, Deyalsingh said he understood the challenges faced in maintaining strategies over successive governments.

Referring to the economic development plan Vision 2020 which was launched by then Prime Minister Patrick Manning in 2005, Deyalsingh said while the programme gathered academics and experts of different political persuasions to work together, it was rejected by the People's Partnership administration which entered office five years later.

Deyalsingh argued that such behaviour is not conducive to long-term development.

"It (Vision 2020) was not a PNM thing.

"However, when 2010 came and Kamla Persad-Bissessar and the UNC came into office, do you know what was the outcome of Vision 2020?

"The UNC government dumped it in the La Basse.

"They collected all the copies at the Ministry of Public Administration, all the copies, CDs, hard copies.

"We are suffering today because of the lost years between 2010 and 2015.

"And that's why you can't have national development."

Deyalsingh said then chairman of the PNM Franklin Khan was able to salvage some of the items and said common ground must be found between governments.

The post Deyalsingh: Vision 2020 was not a PNM thing appeared first on Trinidad and Tobago Newsday.