-The United Nations The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing countries and transition economies, and "stubbornly slow" job growth, according to the United Nations World Economic Situation and Prospects 2014 mid-year update launched today in New York. "More than five years after the financial crisis, the world continues to struggle with getting the global economic engine back to...
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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra
-The Business Standard The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...
More »Worshipping false gods in India-Harsh Mander
-Live Mint In Gujarat public funds are committed to supporting private investment. This does not benefit the poor Amidst the clamour of India's colourful 2014 general election, a public debate of great import for India's future is underway. Leading political candidates debate which development model is best suited for a country of vast economic potential and embedded historical impoverishment. Most opinion polls rate Narendra Modi as the front-runner in the 2014 general election....
More »Why NREGA wage hike is bad news for the economy-Shishir Asthana
-The Business Standard Politics of populism will impact the government's fightback against inflation Mumbai: With the benefits of Food Security Bill failing to kick in, government is back to playing the card which many claim helped it win the previous election. It is looking to make a substantial hike in wages under the Mahatma Gandhi National Rural Employment Guarantee Act (NREGA), according to a latest report by Economic times. A panel...
More »Mihir Shah, Planning Commission member interviewed by Girija Shivakumar
-The Hindu Direct Benefits Transfer is potentially a game-changer, but with certain pre-requisites: Mihir Shah Planning Commission member, Mihir Shah, speaks to The Hindu about a wide range of issues, including the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and his contribution to the 12 Five-Year Plan. Excerpts: * The MGNREGA has come under criticism from many quarters, including the CAG. Do you feel this criticism is warranted? How do you...
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