-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...
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Is the economy sick? -Salman Anees Soz
-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...
More »Millstone around food security -Saurabh Yadav
-The Hindu Business Line A CAG report has laid bare the fact that rice millers have for decades reaped undue gains even as they failed to replenish the national food stock Much like rice spilling out of a tear in the sack, the country’s food procurement system has been leaking crores of rupees every year and impoverishing the government. Last week, in a report presented to Parliament the Comptroller & Auditor General (CAG)...
More »India Inc needs more time to spend meaningfully -Radhika Merwin
-The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall. This varies from the need for more time to identifying the right CSR...
More »Lancet study puts India as the worst performing among BRICS nations on health indicators -Aradhna Wal
-DNA Despite a certain amount of progress in the past decade or so, the report points out glaring gaps in healthcare infrastructure in the country -- "low resource allocation, low emphasis on primary health care, poor utilisation of human resources," as Professor K Srinath Reddy, one of the co-authors said. Yet another report on India's troubled health care system pointed out the country's poor performance across health indicators, despite economic advantages....
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