-TheGoan.net As had been anticipated, on October 18, the Cabinet Committee of Economic Affairs chaired by Prime Minister Narendra Modi decided to decontrol the prices of diesel, the most widely-used petroleum product in the country. Riding on an unexpected fall in world prices of crude oil, the government was able to simultaneously announce a sharp fall in consumer prices of diesel by Rs 3.37 per litre (in Delhi). But the decision...
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NC Saxena, Former secretary-Rural Development Ministry and former member of the NAC, interviewed by Aditi Phadnis
-The Business Standard NC Saxena, a former member of the National Advisory Council believes that the regulatory regime in the states continues to be oppressive. In an e-mailed interview with Aditi Phadnis, Saxena says that the fundamental problem in India is the low tax-GDP ratio and neither the last government nor the current one seems interested in increasing revenues. Edited excerpts: * The new government appears to be watering down a lot...
More »High Rural Wages Have no Bearing on Inflation -Gayathri Nayak
-The Times of India A Reserve Bank of India paper says that the UPA flagship MGNREGA or the Mahatma Gandhi National Rural Employment Guarantee Act, under which a household is assured of 100 days of wages per year in return for working on various rural development, has not actually contributed to the rise in food inflation as generally perceived. Incidently, the Reserve Bank was among the first to point that the...
More »Satyarthi's Nobel gets muted response -Archis Mohan & Deepak Patel
-The Business Standard The response by Indian industry and civil society to Satyarthi's honour has been conspicuously absent When an Indian citizen had last won a Nobel Prize - Amartya Sen for Economics in 1998 - the prize was much celebrated in the country, and the winner was awarded a Bharat Ratna the next year. But that was 16 years ago. Today, even as another Indian, Kailash Satyarthi, is set to jointly...
More »Kailash Satyarthi: India has hundreds of problems, but millions of solutions -Avijit Ghosh, Ambika Pandit & Surojit Gupta
-The Times of India NEW DELHI: Noisy OB vans and an unending caravan of cars: on Friday afternoon, Kalkaji, a middle-class locality in south Delhi, was suddenly abuzz with activity and animation. It's barely an hour since the news flashed on TV screens. But everybody knows that L-6, a slim, unremarkable two-storey building, has become a very famous address. For word has gone around that it is the workstation of child...
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