-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Sowing hopes
-The Hindu Business Line The AASHA scheme promises better returns on crops, but implementation is the key With the decades-old minimum support price (MSP) system failing to address the crisis at the farm gate, the three schemes that are a part of AASHA – the Price Support Scheme (PSS) itself, the Price Deficiency Payment Scheme (PDPS) and the Pilot of Private Procurement and Stockist Scheme (PPPS) – point to an innovative, MSP-plus...
More »Why factory output figures are suspect -R Nagaraj
-The Hindu Business Line The MCA database, which underpins the jump in factory GDP, is unconvincing. The ASI method was set aside for wrong reasons In early 2015, the Central Statistical Office (CSO) introduced a new series of National Accounts Statistics (NAS) with 2011-12 as the base year, replacing the earlier series with the base year 2004-05. It is the CSO's routine job to make such revisions, roughly once in a decade,...
More »The power of Kudumbashree -Brinda Karat
-The Hindu The Kerala model can be implemented across India with the same secular and gender-sensitive spirit Kumari died on September 1. She had contracted leptospirosis while doing relief work in Kerala after the floods, away from her own home which had not been affected. She was a health volunteer and prominent member of the Kudumbashree Mission in her panchayat in Ernakulum district. Kumari’s work and life symbolises the spirit of Kerala...
More »MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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