-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
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Arvind Panagariya’s plan for NITI Aayog: Focus on labour reforms, SMEs -P Vaidyanathan Iyer
-The Indian Express For Arvind Panagariya, the first Vice-Chairman of NITI Aayog, policy-making, rather than planning, will be his top priority. In his first interaction with officers of the erstwhile Planning Commission, he spoke at length on the need to push through labour reforms and strengthen the SME (small and medium enterprise) segment - the backbone of manufacturing - to take India up several notches in the competition ladder. On Tuesday, his...
More »Decoding the oil price fall -Raghuvir Srinivasan
-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
More »City must be equitable, not smart -Medha Patkar
-The Indian Express Just a few years ago, the World Bank in its World Development Report claimed that migration from rural India to urban centres is "natural" and the same should not be interrupted or prevented through schemes like the MGNREGA. This was a shocking statement to all those who know why there is huge and ever-growing migration to cities, not only of the labour class but also of farmers and small...
More »How mid-day meals go up in smoke -K Umashanker
-The Hindu With supply of LPG refills turning inadequate, majority of govt. schools depend on firewood for cooking, resulting in health issues among students Chittoor (Andhra Pradesh): The tall claim of the government of successful implementation of the mid-day meal schemes in schools appears frivolous in the district as the supplies of provisions are given a short shrift. Despite twelve LPG cylinders per annum are being provided to each school, over 80...
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