-The Telegraph After debunking faith in numbers, assertions by powerful and charismatic leaders can be projected as the truth The comment on the weaponisation of economics by the former chief economic adviser, Arvind Subramanian, is a telling indictment of the way political interests trump such other considerations as veracity and transparency. The latest round of revisions in the rate of growth of gross domestic product is a perfect example of the use...
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Demonetisation a massive, draconian, monetary shock: Arvind Subramanian
-IANS The former CEA says he does not think anyone disputes that demonetisation slowed growth. Demonetisation was a massive, draconian, monetary shock that accelerated economic slide to 6.8% in the seven quarters after it against the 8% recorded prior to the note ban, says former Chief Economic Advisor Arvind Subramanian. Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed...
More »Why farms of every type and size have to be climate smart
-Hindustan Times This climate impact on agriculture is a cause for worry: the sector accounts for a large share in gross domestic product (16%) and employment (49%). Poor agricultural performance can lead to high inflation, rural distress, and political restiveness, as recent rural agitations and farmer suicides have shown. An annual review by the Indian Council of Agricultural Research (ICAR), a wing of the agriculture ministry, has said that crops, plantations...
More »Parliamentary panel calls ex-RBI governor Raghuram Rajan to brief on mounting NPAs
-PTI NEW DELHI: A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter. Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament's Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying the NPA crisis and trying to resolve it. Joshi has written a letter...
More »How Telangana supports farmers with Rs 4,000 for every acre they own -Sreenivas Janyala
-The Indian Express A look at the scheme Rythu Bandhu, seen by Arvind Subramanian as a template for agriculture policy. Hyderabad: A support scheme for farmers in Telangana has earned the appreciation of outgoing Chief Economic Advisor Arvind Subramanian, who spoke about it during an Idea Exchange interaction with The Indian Express journalists and then wrote in The Financial Express that it can be the template for social and agricultural policy. Called...
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