-The Hindu The government must target labour market rigidities to maximise gainful employment in the textile sector. India’s textile and apparel industry is all set for an overhaul as the new National Textile Policy will soon be placed before the Cabinet for approval. The government has already accepted a Rs.60 billion special package for this sector with an aim to create 10 million new jobs in the next three years, attract investments...

-Business Standard This policy involves providing products and services such as electricity and fertilisers at below-market prices New Delhi: While much of public discourse in India has tended to focus on expanding the current subsidy regime to help the poor, Vijay Joshi, economist at Oxford University, advocates shifting to a universal basic income, replacing all government subsidies with a single cash transfer to all citizens, providing them with a basic income guarantee. At...

-The Telegraph New Delhi: India's annual toll of premature deaths from air pollution is likely to rise to 1.7 million over the next two decades despite planned initiatives to lower power sector and transport emissions, says a study that highlights the need for more action. Released today by the Paris-based International Energy Agency (IEA), the study cautions that rising incomes, urbanisation and industrialisation are raising energy consumption in India and worsening air...

-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...

-Livemint.com It is not possible to provide ‘maximum governance’ with ‘minimum government’. We need ‘good government’ for ‘good governance’, says Deepak Nayyar The erstwhile Planning Commission closed down soon after Prime Minister Narendra Modi announced the decision on 15 August 2014. Its demise was attributable partly to the ideological belief that planning is passé in this age of markets and globalization and partly to its poor performance combined with growing irrelevance. The...