-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

-TheWire.in We are in a moment when the global economy shows no signs of revival; Russia and Japan are faced with recession, and emerging economies like Brazil and South Africa are in dire straits. There is no silver lining visible as far as domestic industrial growth is concerned. At such a time, all eyes are on Union finance minister Arun Jaitley to see how he plans to sustain economic growth that...

-Business Standard Many good ideas for agricultural reform should be in the Budget Shoring up the rural economy that has been crippled because of two successive droughts is clearly a major focus of the upcoming Budget. This is imperative also to revive rural demand for goods and services to stimulate overall economic growth. But how Finance Minister Arun Jaitley will seek to achieve this feat is hard to predict, though what he...

-The Hindu The Centre is at loggerheads with the West Bengal over the State government’s one-and-a-half -decade-old notification banning conversion of agricultural land into tea cultivation area. Stating that the 2001 notification was affecting a large number of small growers — estimated to be around 20,000 — mainly in north Bengal, the Centre recently asked the West Bengal government to lift the ban. However, the State government says the ban — imposed as...

-Frontline.in An initiative focussed on Kerala’s development experience exposes a worrying trend of rising inequality and proposes a strategy for sustainable and equitable growth. THE fourth international Congress on Kerala Studies, organised by the A.K.G. Centre for Study and Research in Thiruvananthapuram on January 9-10, has generated much interest for its focus on a worrying new trend in Kerala’s development experience: rising inequality and marginalisation of large sections of people despite...