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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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Why a national agri market is needed -Hema Yadav and Shalendra

-The Hindu Business Line It has potential to curb inflation and ensure competitive prices to growers The agricultural marketing system in the country has come a long way since Independence. It has moved through various stages such as regulations and reforms. Now, the time has come to establish a barrier-free market operating beyond State boundaries. A National Agricultural Market with potential to curtail inflation and ensure competitive prices to producers has also been...

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Crony capitalism or plain corruption?-Arvind Virmani

-The Hindu   Ideological labels are likely to mislead by channelling the debate into issues of capitalism and socialism and detract from the real problem George Santayana said: "Those who cannot remember the past are condemned to repeat it." Having forgotten the license-permit-quota-raj that enveloped us from 1950 to 1980 and its ‘crony socialism,' many intellectuals, mediapersons and politicians have now discovered ‘crony capitalism.' The license raj consisted of stifling controls imposed on...

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No policy paralysis: govt plans report card on economy to silence critics -Gaurav Choudhury

-The Hindustan Times New Delhi: With general elections due next year, the UPA has drawn up plans to project itself as a business-friendly regime, as investors are side-stepping India following criticism that the government has been unable to push through enough reforms to revive a stalling economy. A white paper on economic reforms, under preparation, lists out moves such as allowing FDI in multi-brand retail. Last week, global ratings agency Standard & Poor's...

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With the PDS gambit, Raman Singh hopes to checkmate Congress-Gargi Parsai

-The Hindu BJP Chief Minister Raman Singh is the face of the reformed public distribution system in Chhattisgarh and indeed, he is still banking on it for a third consecutive term despite the anti-incumbency factor against several MLAs and a few ministers in his council. In his recent vikas yatra, he showcased development and focussed on the path-breaking Public Distribution System (PDS) reforms that were dovetailed into the Chhattisgarh Food Security Act...

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