-The Hindu Chairman Bibek Debroy, however, declines to share reasons Accelerating growth and employment over the next six months would be the top priority of the recently reconstituted Prime Minister's Economic Advisory Council (PMEAC), its chairman Bibek Debroy said on Wednesday, acknowledging the slowdown in the economy. “There is consensus among us about the various reasons that have contributed to the slowdown,” Mr. Debroy said after the first meeting of the Council on...

-The Indian Express To suggest that demonetisation improved rural wages on the basis of rise in income of some workers is misleading. It halted the recovery of the rural economy, which had begun after the 2016 monsoon. There is now a consensus that the economy has been slowing down and is headed for a hard landing. Many who matter have spoken out and as Yashwant Sinha points out (‘I need to speak...

-The Telegraph New Delhi: Prime Minister Narendra Modi today constituted an economic advisory council, shedding a three-year policy of relying on loose-knit groups and reviving a formal set-up that had helped Manmohan Singh navigate the global downturn a decade ago. The "course correction" by Modi is being linked to the grim news on the economic front largely in the wake of demonetisation and teething troubles in the implementation of the GST. The council...

-Firstpost.com So, Prime Minister Narendra Modi has got his three wise men and one wise woman to advise him on managing the economy. The Prime Minister’s Economic Advisory Council (PMEAC) has been revived with Bibek Debroy as chairman and Surjit Bhalla, Rathin Roy and Ashima Goyal as members. Ratan Watal, a career bureaucrat, will be member secretary. No one can deny that it’s a great team with impeccable credentials, both as economists...

-The Indian Express Branding the farmer agitations ‘political’ betrays a lack of understanding There is no proof required that economists commenting on farmer issues have reached an affliction point. When the counsellor one seeks advice from is as callous as saying that the farmers’ agitation was political and justifies it by citing declining farmer suicides and rising farmer prosperity (‘Just why are farmers rioting?’ by Surjit Bhalla, IE, June 10), one can’t...