-The Statesman Prime Minister Narendra Modi has expressed anguish over suicides by farmers, whose condition has not improved despite the high rate of economic growth. The reason for this distressing state of affairs is that economic policies are badly crafted. The primary effort of the Government has been to increase agricultural production. The price factor is not taken into consideration, the perception being that the farmer will be better off...
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A big bang reform that may be spot on -TT Ram Mohan
-The Hindu The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...
More »India’s best hope is that the Budget due February 2015 chooses growth and jobs -Arvind Panagariya
-The Times of India Blog The presidential address to Parliament on June 9, 2014 had focussed nearly exclusively on projects and schemes, eschewing policy. Therefore, many had eagerly awaited the budget speech for a policy vision of the new government. Unfortunately, it too left observers guessing on whether the government would tackle tough reforms or rely principally on better implementation. Had this been the budget of the United Progressive Alliance (UPA), arguably...
More »National Food Grid on cards to help ease prices, cut wastage -Shishir Sinha and Aditi Nigam
-The Hindu Business Line Govt preparing food map to identify ‘critical' products and districts To bring down wastage and stem the rise in food inflation, the Government is planning to create a National Food Grid on the lines of the power grid. The proposed grid will ensure that all types of food are available in every part of the country all through the year. "As the first step, we are preparing a National...
More »'Budget silent on crucial farmer suicide issue'
-The Times of India AMRITSAR: The first budget presented by Prime Minister Narendra Modi's government has deflated the expectations of farmers who were looking for 'achhe din' ahead. With a major chunk of farmers reeling under debt, famers and their leaders were disappointed on finding that the finance minister's speech was silent on measures to address the crucial issue of farmer suicides. "In Punjab, the state government's official figures put the farmers'...
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