MANMOHAN SINGH AND ECONOMICS Sanjaya Baru’s article "The economist as saviour", an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. Sanjaya Baru’s article “The economist as saviour” (editorial page, The Hindu, July 4, 2012), an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. What we...

-The Indian Express   Time to take the bolder steps, bring FDI to small towns When the GDP falls below 7 per cent, we need to start worrying. When it is less than 6 per cent, we must treat it as a crisis situation. Growth models show that the robust investment rates already achieved, and twice the productivity growth achieved in the 1980s and ’90s, will get us 8 per cent growth. This...

Weak performance of monsoon this year has led the government to anticipate a significant increase in demand for work under its flagship ruralemployment guarantee scheme. The rural development ministry has asked all states to prepare contingency plans and review their estimates of work demand under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The move is an indication that the Centre is not very certain of monsoon catching up in the...

-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

-The Christian Sciences Monitor Wealthy Western nations are financially exhausted and unwilling to commit to help fund greener development for poorer nations. Will this week's conference in Rio find any solutions? So what happens if you hold a UN conference on sustainable development, and world leaders make speeches, and sign treaties, and then nothing happens? This, of course, would be absurd. The problem, says Bill Easterly, a development expert at New York University,...