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India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya

-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...

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How Much Can We Forgo To India Inc? -P Sainath

-Outlook India To the social subsidy whiners, please check corporate write-offs column The TV anchor asked eagerly of Arun Jaitley whether he would take hard decisions or, in the case of a bad drought, revert to loan waivers and (obviously wasteful) subsidies. The finance minister replied that it depended on the situation as it unfolded but he hoped he wouldn't have to return to such steps. "We hope so too," said...

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Messing with a good thing -Pramathesh Ambasta

-The Financial Express MGNREGA must be tweaked in implementation, not design. Before his tragic demise, the Union minister for rural development, Gopinath Munde, gave a clear indication of the new government's priorities on MGNREGA. Both these priorities are vital: using the programme for the creation of productive assets to combat drought and poverty and ensuring timely payment of wages. More than two decades of liberalisation and high economic growth have left India...

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Necessary changes

-The Business Standard   Seize the chance to improve the food security Act Now that the National Food Security Act is set to be amended to give states more time to implement the legislation, several of its flaws should be re-examined and the Act suitably amended. The immediate need for an amendment arose because the deadline of a year for its enforcement in all states (that is, by July 5, 2014) was, oddly,...

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