-TheWire.in The model of development that was presented as a success story relies on patronising and providing incentives to large businesses while simultaneously suppressing wage incomes. By now, almost everyone in the country knows the one thing PRIme Minister Narendra Modi and the team around him excel in – the art of public relations and media management. This is the reason that the ‘Gujarat model’ of handling a state’s economy became such...
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UP Civic Elections: How BJP Has Actually Lost The Battle -Subodh Varma
-Newsclick.in The ruling party has won just 18% of municipal council wards and 12% of municipal panchayat wards. Contrary to the euphoria being exhibited by the mainstream media and BJP, results of the UP civic body elections are not a one sided victory of the ruling BJP. If anything, these results coming so close to the state Assembly elections held earlier this year, show the rapid disenchantment taking place with the BJP...
More »New Finance Commission may penalise states for bad show in schemes -Subhomoy Bhattacharjee
-Business Standard The Commission says incentives for states will be decided, among others, by "control or lack of it in incurring expenditure on populist measures" New Delhi: States offering debt waivers or slipping on centrally funded programmes, such as Swacch Bharat, could get penalised, according to the terms set for the 15th Finance Commission. The terms of reference of the Commission, set up by the central government this week, makes these conditions...
More »Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
More »Turning the corner -Ajit Ranade
-The Hindu The next few quarters call for focus on consumption, PRIvate investment, agriculture and exports There was a collective sigh of relief when the second quarter GDP data were released officially by the Central Statistics Office (CSO). The government folks were relieved that a declining trend of four consecutive quarters of growth had finally been reversed. The forecasters and economists were relieved that the announced data had mostly conformed to their expectations....
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