-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
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Age Debate: The tax of all taxes
-The Asian Age Replacing income-tax with a banking transaction tax is an unworkable idea. The poor will end up paying a lot more: Subhanil Chowdhury The idea that all taxes in India should be abolished, except import duty, and replaced by a bank transaction tax (BTT) is a deeply flawed one for a number of reasons. First, there are only few countries in the world that do not have income-tax — oil rich...
More »It Is Time to Address India's Abysmal Job Creation Record -Pradeep S Mehta & Amol Kulkarni
-TheWire.in More than 550 jobs were lost each day in the last four years in India, placing it behind Bangladesh and Vietnam in terms of job creation. The sheer pressure of poverty means that job creation will always be high on the agenda of any government. In India, significant public resources have been invested to encash the demographic dividend and prevent it from becoming a burden. But the results have been far...
More »Circular migration is holding back India's urbanization -Dipti Jain
-Livemint.com Many urban workers go back to their villages instead of settling in cities with their families, a study shows One of the biggest announcements after Narendra Modi assumed office was the announcement of the smart cities project, which involves overhauling of urban infrastructure in 100 Indian cities. In April, Niti Aayog chairman Arvind Panagariya predicted India’s urbanization rate to increase to over 60% in the next 30 years, assuming a 7-9%...
More »Demonetisation: The Lies The Government Weaves As It Abandons Reason -Prabhat Patnaik
-TheCitizen.in NEW DELHI: So many lies are being spread by the government which is currently busy wrecking the Indian economy in the manner of a bull in a china shop; so many spurious economic arguments are being trotted out by it, that one has to be extremely vigilant not to be swept away by this tide of unreason. In the current article, and the two subsequent ones to follow, I propose to...
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