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Pranab Bardhan, professor of graduate school in the department of economics at the University of California (Berkeley), interviewed by Devadeep Purohit (The Telegraph)

-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...

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Union Budget to tackle rural distress, job creation, investments -Gireesh Chandra Prasad

-Livemint.com Immediate challenges to economy top talks between Prime Minister Narendra Modi, senior ministers and economists, sector experts from across India New Delhi: The government on Wednesday signalled that the Union budget for 2018-19 would include solutions for vexed problems such as rural distress, weak employment and revival of Private Investments. These immediate challenges to the economy topped the extensive discussion that Prime Minister Narendra Modi and senior cabinet colleagues had on Wednesday...

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Upper caste farmers stand to gain more from loan waivers -Roshan Kishore

-Hindustan Times Access to formal credit can be a major game-changer in determining farm-incomes. It is to be expected that richer farmers would find it easier to avail of formal credit lines. What ails Indian farmers? The answer to this question is often mired in ideological quarrels. Some blame a lack of reforms in agricultural markets, while others accuse the state of not doing enough to support farming. Systemic issues are...

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A statistical boost to growth in Indian economy -Manas Chakravarty

-Livemint.com While CSO’s GDP growth estimates will be a disappointment, it will very likely be explained away soon as the market tries to find new and innovative reasons to extend the rally For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. That’s because they will now be boosted due to the favourable effect of a low base. Since demonetisation and the introduction...

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Spending on agri R&D alleviates poverty substantially: Study -TV Jayan

-The Hindu Business Line This brings higher returns; govt must spend more on R&D, roads: ICRIER paper New Delhi: Spending on agricultural research and development, including extension services, is at least 10 times more effective in reducing poverty than spending on fertiliser or power subsidies, an ongoing study has shown. Spending ?10 lakh on agricultural R&D can help lift 328 people out of poverty, whereas allocating the same for fertiliser or power subsidies...

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