-NDTV The Modi government is finally getting some flak, as it should, for its confused economic policies, epitomised by the demonetisation blunder last year. Despite relatively favourable circumstances (including good monsoons and a decline in international fuel prices), the rate of economic growth is declining quarter after quarter. For manufacturing, it is even close to zero, according to the latest estimates. Statistics related to employment and wages are even more worrying....
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Cancer specialist asks PM for tobacco probe
-The Telegraph New Delhi: A leading cancer specialist has called on the government to investigate whether a "tobacco lobby" has influenced arms of the government to initiate action against public health organisations engaged in India's tobacco control efforts. Kailash Sharma, director of academics at the Tata Memorial Hospital, Mumbai, has cited leaked government and tobacco industry documents to seek a probe into whether a Union home ministry note allegedly depicting tobacco control...
More »Demonetisation is a Clear Case of How Public Policy Should Not be Made -Arun Kumar
-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
More »Downturn in India's growth 'very worrying': Kaushik Basu
-PTI Washington: Basu said from 2003 to 2011, India was growing typically over 8 per cent per annum. The year of global crisis, 2008, it dropped briefly to 6.8 per cent, but over 8 per cent growth had become the new norm for India. The downturn in India’s growth is “very worrying”, World Bank’s former chief economist Kaushik Basu said, underscoring that this is the “hefty price” the country had to pay...
More »Demonetisation may have hurt more than it helped -Amulya Ganguli
-IANS It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the economy. For most of them, the GST seems right -- like the uniform civil...
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