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Member of PM's Advisory Council Accused of 'Inventing' Employment Data

-TheWire.in Surjit Bhalla, who draws on CMIE’s database and EPFO data, notes that job creation in 2017 was likely 15 million. New Delhi: The head of the Centre for Monitoring of Indian Economy (CMIE) has accused economist Surjit Bhalla, who is a member of the Prime Minister’s Economic Advisory Council (PMEAC), of distorting and “dishonestly presenting” its nationwide employment survey to claim that India created 15 million jobs in 2017. The CMIE does...

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Economic Graffiti: Why morality matters to economics -Kaushik Basu

-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....

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'Either there wasn't an economist in Swaminathan panel, or he didn't know economics' -Swapna Merlin

-ThePrint.in Renowned agricultural economist Sardara Singh Johl takes on father of green revolution M.S. Swaminathan’s idea of raising MSP to 1.5 times the production costs. New Delhi: Renowned agricultural economist Sardara Singh Johl agrees with M.S. Swaminathan, the man credited as the father of the ‘green revolution’, on the futility of loan waivers to ease farm distress. But he disagrees with a much-touted recommendation of the committee on tackling the farm crisis Swaminathan...

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A claim for dignity -Pratap Bhanu Mehta

-The Indian Express It is morally obtuse and analytically misleading to see farmers’ long march as a demand for handouts The “long march of the farmers” in Maharashtra refocused attention on the crisis in certain regions in Indian agriculture. It should be the headline news that jolts the nation out of a complacent stupor. The protest made a series of long-standing but familiar demands: Loan waivers, increase in MSP, implementation of Forest...

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economists Hit Out Against Move to Privatise Public Sector Banks

-TheCitizen.in Banking needs reforms not privatisation NEW DELHI: The scale of the recent bank scams and the potential losses faced by banks holding non-performing loans given to some large companies and individuals, has shocked all of us. However, we are concerned to note that this has become an excuse to demand the privatisation of publicly held banks. While it is true that the current scam involves Punjab National Bank, the second largest public sector...

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