-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
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Exercise in manipulation -CP Chandrasekhar
-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....
More »'FPOs need sustained support'
-The Hindu Business Line Kochi (Kerala): The two-day conference on ‘Models for Agricultural Development: Experiences of Farmer Producer Companies’, has called for sustained efforts to strengthen, streamline, support and coordinate Farmer Producer Organisations. The conference, jointly organised by the Department of Agricultural Economics, Kerala Agriculture University and Indian Society of Agricultural Economics (ISAE), mooted a national level consortium to help the FPCs realise their goals and lead the efforts to enhance farmers’...
More »Deepening slowdown: on the Indian economy
-The Hindu Can the RBI’s reduction in borrowing costs help check the demand slowdown? India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. GDP growth is projected to have eased to 6.6% in the October-December period. With the CSO now forecasting the full-year expansion at 7%, fiscal fourth-quarter growth is implicitly pegged at an even slower 6.5%. At that level, growth...
More »Rural distress deepens: Wage growth dips, non-farm jobs hit -Harish Damodaran
-The Indian Express The last five years, in other words, have seen a slowdown in rural wages even after adjusting for inflation, which has been far lower than during the UPA regime. Rural wages have grown 3.8 per cent year-on-year in December, the lowest ever for this month. Together with depressed farm prices — annual wholesale inflation in December was minus 0.07 per cent for “food” and 4.45 per cent for...
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