-The Hindu The nation’s current social and political predicament poses an existential challenge Ominous clouds have gathered over India, casting shadows of divisiveness and hate, threatening to undermine civil society and halt or even reverse economic progress. There is today a risk of going over a precipice beyond which there may not be a turning point. As the new decade dawned, the two of us decided to get together to write not on...

-The Indian Express Reform of grain management system could free up resources for infrastructure investment. With GDP growth rate plummeting to 4.5 per cent and with the agriculture GDP (GDPA) growth at 2.1 per cent in the second quarter of this fiscal year, everyone concerned with the economy is anxious. The question being asked is whether the Indian economy can be put back on the 7-8 per cent growth trajectory and can...

-The Indian Express The Centre is set to cut annual budgetary expenditure for current fiscal by nearly Rs.2.2 lakh crore or 8 per cent from the Budget Estimate. With tax revenue growth lagging the required rate by a wide margin, the Centre is all set to cut the annual budgetary expenditure for the current financial year by nearly Rs 2.2 lakh crore or 8 per cent from the Budget Estimate (BE). The...

-The Indian Express Rice exporters alone are said to be stuck with receivables of Rs 800-900 crore against shipments made till June 2019. A major hit to India from the uncertainty triggered by the assassination of Iran’s most powerful military commander could be to its multi-billion dollar basmati rice export industry. The Islamic republic accounted for $1.56 billion (Rs 10,790.02 crore) out of India’s total $4.71 billion (Rs 32,804.30 crore) worth of...

-The Telegraph The power of Keynes’s multiplier process is not absolute An eminent economist observed recently in a national daily’s blog that in spite of the Indian economy’s periodic hiccups, there is no serious threat to the system. “[H]istory,” he asserts, “should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a...