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Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)

-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...

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Fix farm woes to power inclusive growth -Sanjoy Chakravorthy, S Chandrasekhar and Karthikeya Naraparaju

-The Hindu Business Line Fragmentation of agricultural land has caused sharp, uneven fluctuations in farmer incomes. Policy must address this Inclusive growth — also called “pro-poor” growth — has become an important idea in the development discourse in India. It has widespread support because it combines the two most important ideas in development: income growth along with a progressive (or more egalitarian) distribution. The term was first embraced in the early 2000s...

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A toolkit to think local -Soumya Swaminathan & Lalit Dandona

-The Hindu The findings of the India State-Level Disease Burden Initiative will aid in decentralised health planning Policymakers in India need reliable disease burden data at subnational levels. Planning based on local trends can improve the health of populations more effectively. Till now, a comprehensive assessment of the diseases causing the most premature deaths and ill health in each State, the risk factors responsible for this burden and their time trends have...

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Loan waiver is not the solution -Anjani Kumar and Seema Bathla

-The Hindu We need to revisit the credit policy with a focus on the outreach of banks and financial inclusion Since Independence, one of the primary objectives of India’s agricultural policy has been to improve farmers’ access to institutional credit and reduce their dependence on informal credit. As informal sources of credit are mostly usurious, the government has improved the flow of adequate credit through the nationalisation of commercial banks, and the...

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Think beyond loan waivers -Ramesh Chand & SK Srivastava

-The Hindu Strengthening the repayment capacity of farmers by improving and stabilising their income is the only way to keep them out of distress Indian agriculture is characterised by low scale and low productivity. About 85% of the operational landholdings in the country are below 5 acres and 67% farm households survive on an average landholding of one acre. More than half of the area under cultivation does not have access to...

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