-The Telegraph New Delhi: Prime Minister Narendra Modi's decision to dismantle the Planning Commission has led to revelations from some of the body's former stalwarts about past attempts to reform the Soviet-era institution that were repeatedly thwarted, culminating in a tense farewell for Manmohan Singh last May. The panel that has steered India's economic management and vision for 64 years without any constitutional mandate has needed radical surgeries for years but was...
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Seeds of doubt in Gujarat's agri story-Sanjeeb Mukherjee
-The Business Standard Different economists have arrived at varying figures to assess the state's agricultural growth. The author tries to understand the rationale behind these conflicting numbers As Narendra Modi, having led the government in Gujarat for 13 years, heads to New Delhi to try and replicate what is called the Gujarat model on a national level, the country's leading agriculture economists are engaged in a fascinating debate over the agriculture growth...
More »Story of a fraying capitalism-Ashoka Mody and Michael Walton
-The Indian Express India's rentier capitalism is an inset in the big picture drawn by Thomas Piketty French economist Thomas Piketty has written a scholarly tome with the humdrum title, Capital in the 21st Century. The book has become an overnight sensation because Piketty documents an inherent tendency for ever-increasing inequality of income and wealth in capitalist economic systems. It is not an accident, he says, that many will be left behind...
More »UPA is not able to take credit for what it has done -Abhijit Banerjee
-The Hindustan Times We are a nation holding our breath. Some in eager anticipation, others in ambiguous apprehension or actual terror, but all of us transfixed by the drama of Mr Narendra Modi's arrival. Even those who do not relish the thought of the outcome seem happy to get it over, to put behind us this sad drama of the UPA's strange implosion, the decline, Lear-like, from decisiveness (if wrong-headed at times)...
More »In-Kind Food Transfers-II: Impact on Nutrition and Implications for Food Security and Its Costs -Himanshu and Abhijit Sen
-Economic and Political Weekly Part-II reports the impact of in-kind food transfers on nutritional intake as measured by calories. Econometric analysis using a simple calorie demand function confirms the significance of variables relating to public distribution system access, controlling for other covariates, in its contribution to calorie intake. Results also suggest that the calorie-elasticity of PDS transfers is twice as large compared to additional out-of-pocket income equal to the cash equivalent...
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