-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...
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Make the demographic dividend count before it becomes a curse
-Hindustan Times The recently released census data on India’s youth unemployment has only confirmed what some experts have been cautioning about. Nearly one in every four or 24% of those between 20 and 24 years of age are looking for jobs. Given the size of India’s population, this translates into millions of youth who join the army of job hopefuls every year. This raises some serious questions. How many workers will...
More »Government says it protected India’s interests at WTO talks
-The Hindu Commerce Minister Nirmala Sitharaman tables statement in Lok Sabha. Commerce Minister, Nirmala Sitharaman, rejected charges by the opposition parties that the government was unable to protect India’s interests at the recently concluded Nairobi Ministerial Conference of the WTO. “India negotiated hard to ensure that the WTO continues to place the interests of developing countries and LDCs at the centre of its agenda,” according to a statement tabled by Ms. Sitharaman, who...
More »EU asks for cap on PDS spending in return for food security deal -D Ravi Kanth
-Livemint.com Brussels suggested more burdensome, stringent conditions for the permanent solution than what were agreed as part of interim solution in the 2013 Bali summit Geneva: The European Union (EU) has insisted that India must accept a financial cap on market price support programmes if New Delhi wants a permanent solution for the public stockholding programmes for food security at the Nairobi meeting of the World Trade Organization next week, according...
More »To subsidise or not: All you need to know about food security -B Sundaresan
-Hindustan Times Commerce minister Nirmala Sitharaman has said that the WTO will have to give a permanent solution to India’s food security issue. HT explains. * What has WTO got to do with food security? The World Trade Organisation was established in 1995 to facilitate trade among members, who now number at 161. The WTO facilitates trade through rounds of negotiations — there have been nine rounds till now, the latest being the...
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