-The Hindu Narendra Modi has to address not just the current stagnation in manufacturing but also look at ways of stimulating investments in the sector Prime Minister-designate Narendra Modi, it is said, sleeps just six hours a day. Even that could become a luxury as he buckles down to his job and begins the challenging task of turning around the economy. The economic legacy handed down to him by the United Progressive...
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Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Pranay Sharma
-Outlook The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...
More »India's carbon footprint dilemma-Nitin Sethi
-The Business Standard Lots of assumptions but little to act upon in the Planning Commission report on low carbon growth It will take around $834 billion for the Indian economy to put Indian economy on a low carbon mode taking its emission intensity in 2030 down by 42% as compared to 2007 levels. This is the macro picture drawn by the Low Carbon growth study commissioned by India's Planning Commission. The study is...
More »World economy to strengthen as job growth remains ‘stubborn’ –UN report
-The United Nations The Global Economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing countries and transition economies, and "stubbornly slow" job growth, according to the United Nations World Economic Situation and Prospects 2014 mid-year update launched today in New York. "More than five years after the financial crisis, the world continues to struggle with getting the global economic engine back to...
More »Poor public services, India's Achilles heel-Ajay Chhibber
-The Business Standard A seven-point agenda to fix India's public services, and overcome poorly designed systems India's Achilles Heel remains its inability to deliver public services. India's aspiration to be a global economic power will be unrealised if this remains unsolved. Why is this problem so particularly acute? Is it political interference and corruption, poorly designed programmes and weak administration? Or a much deeper cultural problem of aversion to collective action, often...
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