-Economic and Political Weekly Shantanu De Roy (shantanudr2004@gmail.com) teaches at the Department of Policy Studies, TERI University, New Delhi. It was argued that economic liberalisation would ensure a favourable shift in the terms of trade for agriculture in India, enabling producers to plough back surplus from cultivation to make long-term improvements on land, and raise agricultural productivity and growth rate. Contrary to expectations, there was no noticeable improvement in the terms of...
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GDP data: The plot thickens -Udit Misra
-Business Standard Data presents a rosy picture but fails to convince New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue...
More »Budget unmindful of income inequality -MA Oommen
-The Hindu Business Line It should have considered universal basic income. But sadly, budgets are not seen as a means to meet socio-economic goals The Union Budget attracts considerable media hype and debate. Democracy, if understood as a contract between the state and its citizens, may have to use the budgetary process to ensure not only prosperity for all, but justice or fairness to the most disadvantaged among them as well. A rational...
More »Unemployment has risen sharply among SCs & STs in last 6 years
Amidst concerns over budgetary cuts in social sector spending, a recent statement from Shri Rao Inderjit Singh, Minister of State for Planning reveals that unemployment rate has risen much sharper among the Scheduled Castes (SCs) and Scheduled Tribes (STs) vis-à-vis the overall population. Replying to a starred question by Shri PL Punia regarding Human Development Index (HDI) of SCs and STs, the Minister of State for Planning said on 6 February,...
More »A Budget few can quarrel over -TT Ram Mohan
-The Hindu Arun Jaitley has steered clear of populist giveaways in the run-up to Assembly elections Some said it was a ‘make or break’ Budget, one that would use the potential gains from demonetisation to give a decisive push to economic growth. Others said it would be a populist budget aimed at the upcoming elections in Uttar Pradesh and elsewhere. It has turned out to be neither. Finance Minister Arun Jaitley has presented...
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