-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
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Redesigning the Fiscal Transfer System in India -M Govinda Rao
-Economic and Political Weekly An overwhelming proportion of the poor live in low-income states in India. These states are home to over two-thirds of the children in the 0–14 age group. Therefore, provision of comparable levels of basic social services and physical infrastructure is important to ensure balance and stability in the Indian federation. This underlines the importance of intergovernmental transfers. Conceptually, general purpose transfers are given to enable the states...
More »Rediscovering development banks -R Nagaraj
-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...
More »Data on AES related deaths in Bihar during May-June this year is fraught with confusion
In the month of June this year, encephalitis related deaths in Bihar's Muzaffarpur district grabbed the headlines. Actually, most of the children, who were admitted or died at Shri Krishna Medical College and Hospital (SKMCH), hailed from East Champaran, Vaishali, Sitamarhi and Samastipur apart from Muzaffarpur. Unfortunately, till recently official data on the number of cases and deaths related to Japanese Encephalitis (JE) and Acute Encephalitis Syndrome (AES) was unavailable for...
More »India's withering Public Employment -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line/ Networkideas.org While the neoliberal focus has been on attempts to “shrink the state” on the grounds of corruption and inefficiency, sensible people have long recognised that high levels of public employment tend to be associated with better quality of life for people in a society. After all, the essential public services, from infrastructure to amenities, to security to social services, mostly have to be delivered by governments....
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