-The Telegraph New Delhi: The Centre on Tuesday set in motion an attempt to get the budget passed without discussion in a paralysed Parliament through a process known as the guillotine. Once the guillotine is applied, all outstanding demands for grants from various departments will be put to vote at once whether they are discussed or not. With protests aborting all business in both Houses since the session started on March 5, the...
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Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University, interviewed by Mohit M Rao (The Hindu)
-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...
More »Six steps to job creation -Santosh Mehrotra
-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...
More »It was the suddenness of demonetisation that added immensely to its costs, and nothing to its benefits -Shankar Raghuraman
-The Times of India blog Whatever its critics may say, there is one unambiguous achievement of the demonetisation drive. The Reserve Bank of India can surely now claim its rightful place in the Guinness or Limca books for the world record in time spent on a single count of currency notes. But what about the other benefits that the finance ministry claimed after RBI announced the results of this mahayajna of...
More »North Block verdict: Wilful neglect -Imran Ahmed Siddiqui
-The Telegraph New Delhi: Union home ministry sources today blamed the Haryana government's "wilful neglect" and "abject surrender to lumpen elements" for yesterday's mayhem by Dera Sacha Sauda followers. "Initial assessment reports from the ground suggest a complete administrative and police failure. There was no leadership and no instruction from the police brass to deal with the mob. The will was lacking," a senior ministry bureaucrat told The Telegraph . "It points to...
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