-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy MEAsures to ostensibly help revive the economy being put under...
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Govt may seek Rs 30,000 crore interim dividend from Reserve Bank of India
-PTI Government finances have come under pressure due to moderation in revenue collection and a slew of MEAsures taken to lift growth from a six-year low of 5 per cent in the first quarter of the current fiscal. The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit target of 3.3 per cent of...
More »Institutions weakened, economy crippled -M Suresh Babu
-The Hindu The credibility of the RBI, the CSO and the Niti Aayog has taken a beating in recent times due to political interference Nobel laureate Oliver Williamson pondered over an important question, around 25 years ago: “Why are the ambitions of economic development practitioners and reformers so often disappointed?” According to him, “one answer is that development policymakers and reformers are congenital optimists. Another answer is that good plans are regularly...
More »Exorcising third-degree -Maja Daruwala
-The Indian Express Torture is an endemic characteristic of Indian policing. A commitment to eradicating it requires the police force as a whole to have zero tolerance for the practice besides a specific anti-torture law The home minister’s recent pronouncement that the days of third-degree torture are gone is extraordinarily welcome. His announcement is as much a signal to the security forces to lay off this practice as it is an acknowledgment...
More »Leaning on the states -M Govinda Rao
-The Indian Express Defence is a national public good. It is the primary responsibility of the Centre. The amendment to the terms of reference (TOR) issued to the Fifteenth Finance Commission asking it to examine “..a separate mechanism for funding of defence and internal security ought to be set up and if so, how such a mechanism could be operationalised,” has triggered some suggestions on the need to have a relook...
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