-The Indian Express Arvind Subramanian cited the circumstances involving Pratap Bhanu Mehta's exit and the fact Ashoka University can no longer provide space for academic expression and freedom. Noted economist Arvind Subramanian has resigned as professor from Ashoka University, citing the circumstances involving Pratap Bhanu Mehta’s exit and the fact Ashoka, even with its private status and private capital, can no longer provide space for academic expression and freedom. Subramanian had joined Ashoka...
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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »India’s migrant workers need better policies -Ravi Srivastava
-The Indian Express NITI Aayog’s draft report is well-intentioned. But its failure to address the policy distortions at the root of migrant workers’ issues cannot be overlooked The lockdown-induced suffering of millions of migrants raised awareness regarding their magnitude, vulnerability, and role in the economy. It also led to a flurry of measures by the central and state governments. It is now encouraging that the Niti Aayog, on the request of the...
More »The Survey as policy with ideological overtones -MA Oommen
-The Hindu To say that growth and inequality converge in terms of their effects on socio-economic outcomes is outrageous The Economic Survey 2021 (https://bit.ly/2OfqfVQ) does not seem to be a policy document derived straight from the empirical data of the economy or the social compulsions embedded in it. On the contrary, the Survey rings with policy postulates based on strong ideological overtones. Of interest would be Chapter 4, captioned ‘Inequality and Growth:...
More »U.S. trade report flags challenges from ‘Make in India’ policy -Sriram Lakshman
-The Hindu The campaign epitomises the challenges facing bilateral trade ties, U.S. Congress told The U.S. tried to resolve “long-standing market access impediments affecting U.S. exporters” with India during 2020, says the 2021 President’s Trade Agenda and 2020 Annual Report — an annual report submitted by the U.S. Trade Representative (USTR) to Congress. The report terms India’s policies “trade-restrictive” and saying the “Make in India” campaign epitomises the challenges to the trade...
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