-The Telegraph New Delhi: The demonetisation-hit economy, which is expected to limp back to normalcy by the middle of this calendar year, may report a GDP growth rate of around 7 per cent for 2016-17, according to North Block economists. Of course, like all cautious economists, North Block's tribe of coffee swigging GDP forecasters and policy sherpas will add a ceteris paribus (all other things being equal), the Latin term that the followers...
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India to ratify amended version of Kyoto Protocol
-The Hindu The 1997 protocol came into effect in 2005 In a token measure to put pressure on developed countries to deliver on climate change commitments, India will soon ratify an amended version of the Kyoto Protocol. The Union Cabinet chaired by Prime Minister Narendra Modi gave its approval to ratify the deal that is set to expire in 2020 and was shunned by several developed countries, most prominently the United States. U.S....
More »Addressing the Agrarian Crisis in Punjab: Role of Agro-markets and Policy Punjab -Sukhpal Singh
-Economic and Political Weekly The state of agricultural markets, the agricultural market policy and regulatory reforms in Punjab are reviewed in the context of the agrarian crisis. The farmer and farm worker manifesto of the Aam Aadmi Party is critically assessed. Policy mechanisms for agro-industrial development of the state are suggested. There have been various attempts in the past to address the agrarian crisis mostly in the form of relief measures...
More »Mihir Shah Committee report recommends a paradigm shift in water management
Against the backdrop of drought that affected most states in the past 2 years, it is essential to take a look at a report on improving water governance in the country, which was submitted to the Ministry of Water Resources in July, 2016. That report, which was prepared by the Committee on Restructuring the Central Water Commission (CWC) and Central Ground Water Board (CGWB) under the chairpersonship of Dr. Mihir...
More »Amartya Sen, Nobel Laureate and economist, speaks to Suvojit Bagchi (The Hindu)
-The Hindu The truth may ultimately prevail about demonetisation, but the government might be able to maintain the loyalty of a large part of the public for a long time, says Amartya Sen More than two months after the demonetisation, Nobel Laureate and economist Amartya Sen says that any proper “economic reasoning could not have sensibly led to such a ham-handed policy.” He predicts that the demonetisation will hit the economy quite...
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