-The Hindu Business Line The new series data cannot really be faulted. But it is important not to repeat the policy mistakes that hit industrial growth The 2011-12 base backdated GDP series led to much discussion. The reduction in past growth RATes gave them a political colour. It is unfortunate if the independence of the CSO and associated experts is questioned just because of this coincidence. A rebasing that uses much richer...
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Hope with concerns in 2019 -C Rangarajan
-The Hindu Five issues need to be addressed comprehensively if India is to achieve sustained high growth The New Year is always looked forward to with hope, whatever the conditions might have been the previous year; 2018 has been a mixed bag, both globally and domestically. Globally, the growth RATe in 2018 was high, particularly in the United States. But strong signs of a trade war emerged, dimming hopes of faster international trade....
More »Farm loan waivers can derail India's growth story -Ramesh Chand
-Hindustan Times Loan waiver provides strong disincentive for those who repaid loan on time and perverse incentive for default. But the most serious effect of the waiver is potential risk of fiscal slippage . India’s agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income of farmers could not keep pace with their aspiRATions and fast growth in the income of non-farm...
More »Will farm loan waiver go the way of the property tax repeal? -Indira Rajaraman
-Livemint.com All recent reforms mooted on farm credit do not address the needs of farmers for whom formal credit doors are shut Farm distress has been a sadly persistent feature for the past five years, the initial two years on account of failed rains, but in the last three years because of policy failure on a number of fronts, including, most visibly, unremuneRATive prices for farm produce. That it shapes electoral...
More »Government may sow big scheme to weed out farm distress -Deepshikha Sikarwar
-The Economic Times With the general election a few months away, the central government has begun crunching the numbers in prepaRATion for a comprehensive programme to help farmers tide over challenges posed by a dip in prices and dwindling incomes. The government is keen on a more substantive intervention than a loan waiver at the central level to alleviate agrarian distress besides stepping up investments in the sector, having concluded that writing...
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