-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...
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Abhijit Banerjee's prescription for Indian economy: 'Stop PMO interference, raise NREGA wages, pray' -Rohan Venkataramakrishnan
-Scroll.in The economist, who was awarded the Nobel prize on Monday, spoke just last week about what Indian policymakers need to do. Abhijit Banerjee, the renowned economist who was one of three awarded the Nobel prize for economics on Monday, put together some prescriptions for what the Indian economy needs right now. The last item on the list? “Pray.” On the next list, for the longer run? “Pray more.” Banerjee was speaking...
More »The minimum wage solution -Rajendran Narayanan & Sakina Dhorajiwala
-The Hindu While indexation of the NREGA wages is critical, lifting them to the minimum wage would help workers and the economy The government made two recent announcements at two ends of the spectrum to mitigate the economic crisis. One concerns a new indexation of NREGA wages meant to increase rural incomes. The second is a reduction in corporate tax rate. Prices of commodities increase each year, so it’s important to accurately estimate...
More »Gujarat tribal workers demand regular payments, refuse to migrate for sugarcane harvesting -Ravi Kaushal
-Newsclick.in The labourers from Dang migrate every year to Bardoli—a hub of sugar mills—where they are caught in a system of advance payments that bind them to the workplace for the duration of the season. Dang, a district in southern Gujarat, is witnessing one of the largest labour movements in its recent history after the tribal sugarcane harvesters of the district decided not to migrate to Bardoli and other neighbouring areas. Bardoli,...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
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