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<p style="text-align:justify"><em>* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how</em></p>
<p style="text-align:justify"><em>* In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC.</em></p>
<p style="text-align:justify"><em>NEW DELHI: </em>The upcoming Union Budget is a critical one, for it offers an opportunity to reset the economy so that it can boom again in the coming years. But this opportunity can only be seized if the Budget is based on a sound diagnosis of the problem: Where are we now and why? This piece aims to serve up a diagnosis and suggest a way forward.</p>
<p style="text-align:justify">In brief, we think that while new reform measures are always useful, the key to reviving growth lies in improving the “software" of economic stewardship, which is an ongoing effort, going beyond and after the Budget.</p>
<p style="text-align:justify"><em>The diagnosis</em></p>
<p style="text-align:justify">The government has been energetic in trying to improve the economy, taking many important actions. These include the goods and services tax (GST), aimed at turning the country into a true common market; the Insolvency and Bankruptcy Code (IBC), aimed at addressing India’s intractable problem of “capitalism without exit"; and inflation targeting combined with a broader promise of macro-economic prudence.</p>
<p style="text-align:justify">Please <a href="https://www.livemint.com/budget/expectations/fixing-software-bugs-in-india-s-economy-11610896862254.html">click here</a> to read more.</p>
<p style="text-align:justify">Please <a href="https://drive.google.com/file/d/1DpAx6Uj4uboMLfAxsnVW42athbXfZnHD/view">click here</a> to access the long piece.</p>
<p style="text-align:justify"> </p>
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LATEST NEWS UPDATES | Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman </title>
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* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how
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<a href="https://im4change.in/latest-news-updates/fixing-software-bugs-in-india-s-economy-arvind-subramanian-and-josh-felman.html" target="_blank">Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman</a>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-Livemint.com
* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how
* In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC.
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Without regulation, the situation could spiral out of control
Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s...</p>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy
Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.
Enumerating the facts in India’s major secondary stock market, the...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-National Herald
While Americans take themselves as citizens and demand responsibility and accountability from power, Indians are still slavish, says Kannan Gopinathan, who resigned from IAS
What happened in Washington DC at the Capitol Hill Building was watched in horror and everybody said, “Look democracy can fail...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
Minister of State for Food Danve Raosaheb Dadarao had stated before Lok Sabha that the high-powered committee had approved the Essential Commodities (Amendment) Bill, a claim denied by the Punjab CM.
New Delhi: The Farm ordinances – which consequently paved the way for the three controversial...</p>
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<a href="https://im4change.in/latest-news-updates/fixing-software-bugs-in-india-s-economy-arvind-subramanian-and-josh-felman.html" target="_blank">Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman</a>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-Livemint.com
* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how
* In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC.
NEW DELHI: The upcoming...</p>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Without regulation, the situation could spiral out of control
Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s...</p>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy
Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.
Enumerating the facts in India’s major secondary stock market, the...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-National Herald
While Americans take themselves as citizens and demand responsibility and accountability from power, Indians are still slavish, says Kannan Gopinathan, who resigned from IAS
What happened in Washington DC at the Capitol Hill Building was watched in horror and everybody said, “Look democracy can fail...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
Minister of State for Food Danve Raosaheb Dadarao had stated before Lok Sabha that the high-powered committee had approved the Essential Commodities (Amendment) Bill, a claim denied by the Punjab CM.
New Delhi: The Farm ordinances – which consequently paved the way for the three controversial...</p>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-Livemint.com
* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how
* In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC.
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
Without regulation, the situation could spiral out of control
Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s...</p>
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<br><small>January 18, 2021</small>
<p style="padding-top: 6px;">-The Hindu
The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy
Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.
Enumerating the facts in India’s major secondary stock market, the...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-National Herald
While Americans take themselves as citizens and demand responsibility and accountability from power, Indians are still slavish, says Kannan Gopinathan, who resigned from IAS
What happened in Washington DC at the Capitol Hill Building was watched in horror and everybody said, “Look democracy can fail...</p>
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<br><small>January 17, 2021</small>
<p style="padding-top: 6px;">-TheWire.in
Minister of State for Food Danve Raosaheb Dadarao had stated before Lok Sabha that the high-powered committee had approved the Essential Commodities (Amendment) Bill, a claim denied by the Punjab CM.
New Delhi: The Farm ordinances – which consequently paved the way for the three controversial...</p>
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LATEST NEWS UPDATES | Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman
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* Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how
* In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC.
NEW DELHI: The upcoming...
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Without regulation, the situation could spiral out of control
Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s...
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy
Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.
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While Americans take themselves as citizens and demand responsibility and accountability from power, Indians are still slavish, says Kannan Gopinathan, who resigned from IAS
What happened in Washington DC at the Capitol Hill Building was watched in horror and everybody said, “Look democracy can fail...
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Minister of State for Food Danve Raosaheb Dadarao had stated before Lok Sabha that the high-powered committee had approved the Essential Commodities (Amendment) Bill, a claim denied by the Punjab CM.
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