-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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Leaning on the states -M Govinda Rao
-The Indian Express Defence is a national public good. It is the primary responsibility of the Centre. The amendment to the terms of reference (TOR) issued to the Fifteenth Finance Commission asking it to examine “..a separate mechanism for funding of defence and internal security ought to be set up and if so, how such a mechanism could be operationalised,” has triggered some suggestions on the need to have a relook...
More »Black economy in India: The path to growing inequality in India -Arun Kumar
-CounterCurrents.org The single most important aspect of the Indian economy is its very large black economy. In fact, it impacts not just the economic aspect of society but also its social and political facets. All the macroeconomic variables like, growth rate of the economy, inflation and fiscal policies are affected by the black economy. The microeconomic variables like education, health, drinking water and other services received by the citizens are also...
More »For the demographic dividend -Amitabh Kundu
-The Indian Express Focusing on health, education of women will bring down population, increase work participation The World Population Prospects 2019 has reported that India’s total fertility rate (TFR) has declined from 5.9 in early Sixties to 2.4 to 2010-15. TFR is defined as the total number of children to be born to women in her lifetime by the current age specific fertility rates. By 2025-30, it will fall to 2.1,...
More »Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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