-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...
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Liberalised land leasing through government Land Bank can ease exit of distressed farmers -Kanchan Srivastava
-DNA The report said it will ease the exit of those farmers who find farming unattractive or non-viable and economically strengthen those farmers who want to stay and raise the scale of operational holdings. Opening farmland for 'liberalised leasing' through government-run 'Land Banks' can be a 'win-win reform' in the Indian farm sector, stated the latest report of the National Institution for Transforming India (NITI) Aayog taskforce on agricultural development. The report...
More »Betting on odds and evens -Rukmini S
-The Hindu The restrictions on private vehicle usage may have got most of the media coverage, but are by no means the only steps the government has announced. Nationally, over 35 per cent of urban households own a motorised two-wheeler and just under 10 per cent own a car, jeep or van. In Delhi, where per capita incomes are among the highest in the country, these proportions are much higher: nearly 40...
More »Malnutrition amidst agrarian plenty -Anurodh Lalit Jain
-The Hindu Business Line A creeping crisis in soyabean in Madhya Pradesh has given rise to this contradiction. Different policies are called for The Indian policymaker seems to suffer from the musk deer syndrome. The musk deer is a rare species that produces musk in its own body. But it does not realise this and searches endlessly for the source of the aroma. India faces a similar dilemma. On the one hand, the...
More »China’s reversal of one-child policy will have economic implications
-Hindustan Times In the 1970s Deng Xiaoping explained that China’s one-child policy was being introduced to ensure “the fruits of economic growth are not devoured by population growth”. Last week, Chinese leader Xi Jinping’s rationale for officially abandoning the policy was the reverse: To ensure economic growth is not wrecked by population decrease. But it is probably too late to change China’s demographic future. China’s population has begun to age — and age...
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