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Is the economy sick? -Salman Anees Soz

-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...

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Free run for the rent-seekers -Biswajit Dhar

-The Hindu With the U.S. showing a preference for plurilateral agreements over WTO multilateralism, developing nations must defend the global trading system against transnational corporations The 10th Ministerial Conference of the World Trade Organisation (WTO), which also marked the completion of two decades of functioning of the most recent of the multilateral institutions, ended with an agreement among trade ministers of the member countries that may have pushed the organisation to the...

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The jam in Delhi’s traffic experiment -Sriram Lakshman

-The Hindu A key to understanding the effect of driving restrictions on emission levels would be to analyse what substitutions citizens will make for private vehicle trips during restriction hours It will be an unusual start to the New Year for Delhi. The city will be subject to the much-discussed driving restrictions, according to which between 8 a.m. and 8 p.m. most private vehicle operators will only be able to take their...

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Direct cash transfers in agriculture gain ground -Sanjeeb Mukherjee

-Business Standard In November, the government decides to transfer Rs 4.5 a quintal production incentive to bank accounts of sugarcane farmers Two months ago, the Centre after much deliberation decided to transfer Rs 4.50 a quintal directly into the bank accounts of sugarcane growers. The government called this a production incentive, but it is seen by many as an attempt to kill several birds with one stone. An incentive directly transferred into the...

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Make the demographic dividend count before it becomes a curse

-Hindustan Times The recently released census data on India’s youth unemployment has only confirmed what some experts have been cautioning about. Nearly one in every four or 24% of those between 20 and 24 years of age are looking for jobs. Given the size of India’s population, this translates into millions of youth who join the army of job hopefuls every year. This raises some serious questions. How many workers will...

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