-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...
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Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
More »Justice Madan Lokur, former judge of the Supreme Court, interviewed by Bhadra Sinha (Hindustan Times)
-Hindustan Times Article 14 of the Constitution is not limited only to reasonable [actually rational] classification. What is important is that the rational classification must have a reasonable nexus with the object sought to be achieved by the legislation, says Justice Lokur Justice Madan Lokur, a former judge of the Supreme Court, says the proviso to the definition of illegal immigrant in the amended citizenship act is unconstitutional if one agrees with...
More »Serious questions confront policymakers. Yet data are not reliable enough for them to be answered -Arvind Subramanian & Josh Felman
-The Indian Express Running an economy, especially one that is in a predicament such as India’s today, is infinitely more complicated and the data demands are hence commensurately greater. A Data Big Bang effort along the lines proposed here would make that difficult task less challenging. As the government responds to the challenges posed by the economic slowdown, there’s an ignored area of reform, where simple measures could have potentially big payoffs....
More »A potential seedbed for private profits -R Ramakumar
-The Hindu The new Seeds Bill is tilted against farmers’ interests and loaded in favour of seed companies. After passing through at least two versions, Seeds Bill 2019 is now under Parliament’s consideration. The earlier versions of the Bill, in 2004 and 2010, had generated heated debates. The present version promises to be no different. In 1994, India signed the agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). In 2002, India also...
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