-The Indian Express Dealing with COVID-19 requires a clear public health focus while addressing fears at the individual level. My friend, whose daughter is in the US, rang me up for advice. A coronavirus case has been reported from her city. Should he get his daughter to India? Is air travel safe? Everyone is worried about the way the COVID-19 outbreak will play out. In today’s networked world, heightened sensitivities make it...
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From Plate to Plough: Growth and the farmer -Ashok Gulati
-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in food policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
More »WPI inflation eases to 2.26% in Feb
-PTI/ The Hindu Wholesale price index (WPI) based inflation softened to 2.26% in February on the back of cheaper food items and vegetables, the government data showed on Monday. In January, the WPI inflation stood at 3.1% and in the year-ago same period it was at 2.93%, as per the data from the commerce and industry ministry. Please click here to read more. ...
More »Problematic revisions: We need fewer, quicker economic growth estimates -AK Bhattacharya
-Business Standard The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years! When the Central Statistics Office (CSO) declared India’s gross domestic product (GDP) growth figure for 2016-17 on January 6, 2017, economic policy makers in the Narendra Modi government were disappointed. The GDP growth figure was only...
More »Bank, Boom, Bust -George Mathew, Sunny Verma & Sandeep Singh
-The Indian Express In 2004, a former bank executive stARTed his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard. After providing services to Yes Bank for years, a vendor was keen to terminate the contract....
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