MANMOHAN SINGH AND ECONOMICS Sanjaya Baru’s article "The economist as saviour", an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. Sanjaya Baru’s article “The economist as saviour” (editorial page, The Hindu, July 4, 2012), an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. What we...

-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

-The Telegraph   Ashok V. Desai,consulting editor of The Telegraph and chief consultant to the finance minister when Manmohan Singh launched the economic reforms, takes a deep dive into statistics to figure out what is wrong with the economy as Pranab Mukherjee leaves the finance ministry and Singh takes charge The growth rate of gross domestic product is reported to have come down. What does that mean? Before the question can be answered,...

-The Economic Times Heaps of dusty files continue to grow in government buildings and sensitive papers are mysteriously lost, leaked or dramatically reduced to ashes in fires while the six-year-old plan to modernise and digitise governance remains tied up in what it should eliminate - red tape. The latest casualty was the Union home ministry, where a fire was reported on Sunday, days after a blaze engulfed Mumbai's Mantralaya, killing people and...

-The Economic Times The austerity measures announced by finance minister Pranab Mukherjee are likely to help the government save between Rs 800 crore and Rs 1,000 crore, said a senior finance ministry official. The government has decided to cut down on foreign travels of ministers and official delegations and has put a ban on creation of plan and non-plan posts The figure is based on preliminary estimates.  In addition, the 10% cut...