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Free market model has failed: Kaushik Basu -Puja Mehra

-The Hindu "World Bank too has changed its goal to fighting no longer for just eradication of poverty but also for shared prosperity" There is now a consensus the world over that the free market economic model does not work, said World Bank chief economist and former Chief Economic Adviser to the government of India Kaushik Basu on Sunday. Dr. Basu was speaking at a function organised here by the ‘Ideas for...

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No country for women entrepreneurs -Lubna Kably

-The Times of India A year ago, Vijayalakshmi decided to risk her decade-old corporate lifestyle to launch Design-Dreams, a web design venture, using her own funds. The BITS Pilani post-graduate may have successfully made the leap to an entrepreneur, but expects the climb ahead to be steep. "When you walk into a networking seminar, you can count the number of women on your fingers. One feels secluded and interactions are difficult,"...

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Pranab Bardhan, emeritus professor of economics at the University of California at Berkeley interviewed by Pramit Bhattacharya

-Livemint The development economist on the Modi government's initiatives and his stand on them, and MGNREGS The Narendra Modi-led government should consider replacing inefficient subsidies with a basic monthly income for all citizens, says Pranab Bardhan , emeritus professor of economics at the University of California at Berkeley. Bardhan, who recently sparred with economists Jagdish Bhagwati and Arvind Panagariya in a debate over the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),...

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Executive's Environmental Dilemmas: Unpacking a Committee’s Report -Manju Menon and Kanchi Kohli

-Economic and Political Weekly   The High-Level Committee set up by the Narendra Modi government to review the major laws relating to environment protection has, in its recommendations, worked towards two sets of objectives: one, to separate business from the messiness of governance, and, two, to redraw the line of demarcation between the judiciary and the executive. Manju Menon (manjumenon@namati.org) and Kanchi Kohli (kanchikohli@namati.org) are with the Centre for Policy Research - Namati...

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Keep kerosene subsidy: CPI

-The Hindu Terming the move to scrap the kerosene subsidy "a shameless attack on the poor and downtrodden," the CPI demanded that the subsidy on the fuel remain. On Friday, The Hindu reported that the Finance Ministry was planning to take forward the previous government's policy of phasing out subsidised kerosene. "Gas supply is very inadequate and sold in black markets. Some States becoming 100 per cent electrified and kerosene-free is a big...

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