-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...
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Economics, not religion, drives ownership of cattle in India -Roshan Kishore and Ishan Anand
-Livemint.com For same wealth levels, chances of owning cattle are more or less the same for Hindus and Muslims Given the increasing incidents of violence under the garb of cow protection in the country—these are driven largely by the belief that Muslims engage with the cattle economy mostly for meat (as butchers, commission agents or beef eaters)—it makes sense to view the cattle economy in the country through the prism of religion. An...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »'Cow slaughter ban can cost India dearly' -TV Jayan
-The Hindu Business Line 1.5 times the defence budget may be needed for unproductive animals: Economist Rawal New Delhi: The ban on cow slaughter can pose a serious threat to the Indian economy in the near future, as the country may have to spend 1.5 times its current Defence Budget to take care of an additional 27 crore unproductive animals annually, an agricultural economist has warned. Speaking at a function organised by Bhumi Adhikar Andolan, a...
More »A cow bill trumps defence -Anita Joshua
-The Telegraph New Delhi: Amid cow vigilantism, a professor of economics specialising in agrarian issues today wondered aloud whether those demanding a nationwide ban on cow slaughter had thought about its fallout, more so as a beginning had been made with the restrictions on the sale of animals for slaughter at cattle markets. A calculation by professor Vikas Rawal of the Centre for Economic Studies and Planning at Jawaharlal Nehru University's School...
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