-The Business Standard Government is diluting green regulations, not reforming them In his speech from the Red Fort on Independence Day, Prime Minister Narendra Modi said many sensible things about Indian manufacturing. It is certainly true that it must be a focus area for his government. As a proportion of India's gross domestic product (GDP), the share of Indian manufacturing peaked in 1996-97, at the pitifully low percentage of a little over...
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Aadhaar watch on babus -Imran Ahmed Siddiqui
-The Telegraph New Delhi: The sarkari babu will have to make every minute count. The Narendra Modi government has ordered that an Aadhaar Enabled Biometric Attendance System (AEBAS) be implemented in all central government offices. A circular issued to all central government offices in the capital today has also asked employees, of all ranks, to submit their contact details (email ID, residential address, telephone and personal mobile phone numbers) to the department of...
More »The Deserted Village -MG Devasahayam
-Outlook The PM would do well to incorporate the Lok Nayak's convictions and what he stood for and not ape alien models to make India's villages as mere markets and show-pieces Narendra Modi was different from other Prime Ministers while addressing the nation from the ramparts of the Red Fort on 15 August 2014. He spoke of governing India through sahmati (consensus) not bahumati (majority) and sought the cooperation of people and...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »No easy routes to financial inclusion
-The Business Standard Financial inclusion must be set up to pay for itself The Jan Dhan Yojana, a scheme for financial inclusion announced by Prime Minister Narendra Modi in his Independence Day speech, intends to take banking services to the 40 per cent of India that does not have bank accounts. This task is daunting. A good portion of those no-frills accounts that have already been opened have only minimal activity -...
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