-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...
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A misnomer called food security -Charan Singh and Arvind Virmani
-The Indian Express The proposed bill makes false promises. The need is to directly address problems of drinking water availability, sanitation, maternal health and childcare The Food Security Bill (2013, FSB) promulgated recently by an ordinance is expected to be debated in Parliament soon. The intention behind the FSB is noble, to eradicate hunger from the country, but the means adopted need serious reconsideration. FSB, under the targeted public distribution system (TPDS),...
More »Use Aadhaar and EMV both for retail payments
-The Economic Times An RBI-appointed panel of bankers will decide on the appropriate technology for retail payments in a month. And the choice is reportedly between Aadhaar, the biometric-based unique identity system, and EMV, a globally accepted technology standard for credit card, debit card and ATM transactions, used by Visa and MasterCard. This is baffling. Why should it be one technology standard or the other? Both Aadhaar and EMV should co-exist...
More »It’s official: Indian economy slowed to a 10-year low of 5% in 2012-13
-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
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