-The Indian Express Former Chief Economic Advisor Arvind Subramanian expands on his twin-balance sheet analysis to explain how the Indian economy reached the current state of turmoil. To a lay observer, the collapse of India’s economic growth momentum is nothing short of befuddling. That’s because until just a few years ago – to be precise until March 2017 – the Indian economy was not only growing at a progressively rapid pace but...
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Population control in India: Plea in SC against Delhi HC order
-PTI The appeal filed by Bharatiya Janata Party (BJP) leader and lawyer Ashwini Kumar UPAdhyay has challenged the September 3 high court order, which said it was for Parliament and the state legislatures to enact laws and not for the court. New Delhi: A plea challenging a Delhi High Court order dismissing a PIL seeking implementation of certain steps, including the two-child norm, to control the country’s rising population has been...
More »RCEP: A rural disaster -Vijoo Krishnan
-The Hindu Business Line It will deepen the ASEAN FTA impact Fast-paced moves are on to conclude the talks on the Regional Comprehensive Economic Partnership (RCEP) and seal an agreement. There have been noises of protest from the Congress party which was the chief architect of the India-ASEAN Free Trade Agreement (FTA) and numerous other FTAs in the pipeline. Protests even from within the Sangh Parivar have not deterred the Modi government...
More »Revised draft Seeds Bill goes soft on compensation issue -TV Jayan
-The Hindu Business Line Clause for compensation panel, regulation of seed prices scrapped New Delhi: The revised draft Seeds Bill 2019, which the Ministry of Agriculture and Farmers’ Welfare placed in the public domain recently for suggestions and comments, seems to be a watered down version of a draft prepared about nine years ago by the then United Progressive Alliance (UPA) government. Among other things, the new draft has done away with the...
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
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