-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give Government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
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Survey data and Government claims need not always match -Himanshu
-Livemint.com Let’s not discredit the findings of statistical surveys that are conducted among real respondents The uncomfortable truth that emerged from the leaked report of the Consumer Expenditure Survey (CES) is that rural poverty increased substantially between 2011-12 and 2017-18 for the first time in five decades. That this happened during a period of claimed high growth should have led to more research on what went wrong. Instead, there have been attempts...
More »Instead of gigantic statues, India should build modern schools and universities: Raghuram Rajan
-India Today Raghuram Rajan said India needs to build modern schools and universities that teach its children to be more tolerant and respectful of one another. Former Reserve Bank of India Governor Raghuram Rajan has said Hindu nationalism does not just foment social tensions but also detracts India from its economic growth. Rajan said the Narendra Modi Government is no exception to having a tendency "to want more power, especially given the...
More »Due process vs instant verdict: Applause for Telangana police and a few questions -Seema Chishti & Avishek G Dastidar
-The Indian Express Hyderabad rape-murder case: From Parliament to social media, from chief ministers to actors and sports stars, several invoked the “delay” in the judicial system to justify the killings. The showering of petals by local residents on the Telangana Police team that shot dead all the four accused in the gangrape and murder of a veterinary doctor in Hyderabad found an echo far beyond the scene of the crime. From...
More »Looking up: The farm hope -Harish Damodaran
-The Indian Express The ongoing price recovery in major crops is in danger of being stymied by knee-jerk Government response. A lot of analyst commentary on the latest quarterly GDP numbers for India has focused on the low growth in “nominal” terms: Gross value added (GVA) at current prices grew by just 6.3% year-on-year in July-September and 7.1% for April-September. If this first-half trend holds for the rest of 2019-20, it would...
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