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Govt hikes import duty on 32 types of textile goods

-The Times of India NEW DELHI: The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative. The tariff hike on 32 product categories comes after recent increases across several sectors, from mobile phone to TV sets and toys. A few weeks ago, the government had increased import duty on some...

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The Indian economy's changing growth constraints -Niranjan Rajadhyaksha

-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...

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Empowering domestic workers -Ujjwal K Chowdhury

-MillenniumPost.in Attention must be drawn to the lakhs of Domestic Helps in India who do not receive any legal protection. The number of domestic workers in India varies from official estimates of around five million to loosely defined unofficial estimates of 10 million. Between 2000 and 2010, women (young girls included) made up for more than 75 per cent of the new entrants into the domestic workforce. In 2010, more than 68...

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David Barkin, Professor of Economics at the Metropolitan Autonomous University in Mexico City, interviewed by Kabir Agarwal (TheWire.in)

-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...

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Ramesh Chand, member, NITI Aayog, interviewed by Seetha (Firstpost.com)

-Firstpost.com The recent increases in minimum support prices have attracted two criticisms from two opposite sides. One is that this is less than what farmers deserve, the second is that this is populist and ignores larger macro side effects. The increase in fair remunerative price for sugarcane has also been criticised for not adequately addressing the woes of the sugar sector. Ramesh Chand, member, agriculture, NITI Aayog talks to Firstpost on...

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