-The Hindu The government has to garner resources and give a boost to the economy by increasing its investments The Centre and the States are so short of resources that their fiscal deficit is burgeoning. The PRIme Minister, at a function of the Associated Chambers of Commerce and Industry of India recently, was optimistic but the Reserve Bank of India (RBI) Governor was less positive, admitting that the country’s economic problems are...
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The Data Protection Bill only weakens user rights -Apar Gupta
-The Hindu A culmination of flawed policy proposals, this piece of legislation will refine, store and trade personal information In the continuing social churn and widespread citizen protests, it would seem out of place to direct thought towards issues such as data protection. The Personal Data Protection Bill, 2019, which was introduced in the Lok Sabha this month, is a revolutionary piece of legislation that promises to return power and control to...
More »Indian agriculture is under an invisible emergency -Devinder Sharma
-Down to Earth At a time when farmers strive to get the right PRIce for crops, more money in their hands can help reignite the country's economy In 2019, three weeks after the kharif harvesting season began, reports emerged that farmers are selling their produce at a PRIce way below the minimum support PRIce (MSP) announced by the government. Except for a few crops like paddy and maize, market PRIces for most...
More »Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
More »Double trouble: On uneven inflation and sluggish growth
-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as PRIces in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
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