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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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Retailers call BJP manifesto a poll gimmick-Nivedita Mookerji & Nayanima Basu

-The Business Standard FDI in multi-brand retailing could be reversed if the party forms govt; India Inc seeks review of manifesto The Bharatiya Janata Party manifesto decision to oppose foreign direct investment in supermarkets has made the sector more wary. The United Progressive Alliance' policy to allow 51 per cent FDI in multi-brand retail in September 2012 could be reversed if the BJP comes to power at the Centre. "The policy can be...

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Go off the grid

-The Business Standard   Policy roadblocks holding back solar power The solar energy sector is beset with several problems that need to be sorted out to allow it to expand to its potential. The Jawaharlal Nehru National Solar Mission, which was set up in 2010, has largely failed to supercharge the sector. Its first phase aimed at creating 1,100 megawatts of new capacity; only 252 MW has been added. Its second phase...

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Worshipping false gods in India-Harsh Mander

-Live Mint   In Gujarat public funds are committed to supporting private investment. This does not benefit the poor Amidst the clamour of India's colourful 2014 general election, a public debate of great import for India's future is underway. Leading political candidates debate which development model is best suited for a country of vast economic potential and embedded historical impoverishment. Most opinion polls rate Narendra Modi as the front-runner in the 2014 general election....

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Transport troubles-Brijeshwar Singh

-The Business Standard   This report believes in demanding more, and cares little for inflation. It could have kept budgetary constraints in better focus and thrown more light on carbon-reducing innovations Fans of Rakesh Mohan reports will love this leviathan of a report. With 1,220 pages spread over three volumes, the report of the National Transport Policy Development Committee takes at least a week's effort to read. The analysis is in the second...

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