-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

-The Business Standard   NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...

-The Business Standard The Planning Commission needs to be replaced by institutions prescribed under the Constitution for the functions it usurped The Planning Commission was a powerful centre of extra-constitutional authority, but not because the Constitution overlooked the need for the roles that it played. The prescription of fiscal flows from Centre to states was assigned under Article 280 to Finance Commissions, set up every five years with what by convention...

-The Indian Express A headlong rush into PPPs will only leave a trail of disputes, renegotiations, corruption. The conventional wisdom in India on public-private partnerships (PPPs) is that they help governments raise capital to meet large infrastructure investment targets. But this rationale for promoting PPPs does not stand on strong foundations. There are three potential reasons for supporting PPPs. First, they enable governments to access more capital without visibly breaching fiscal targets. In...

-The Times of India NEW DELHI: When it comes to healthcare, some are more equal than others for the government. Under the Central Government Health Scheme (CGHS) which covers central government employees, including serving and retired babus, current and ex-members of Parliament and the judiciary, the annual per capita expenditure is more than Rs 5,000. In contrast, the National Rural Health Mission (NRHM), which caters to the rural masses, spends just...