-The Business Standard They were unimpressed by the UPA's misguided socialism, but they worry about the new regime's free-market orientation too Consider this paradox. The Congress Party-led United Progressive Alliance (UPA) was decimated in the elections in spite of several years of good monsoon and rising agricultural production. Consider another paradox. This was the regime that implemented policies that were presumed to be pro-farmer: the Mahatma Gandhi National Rural Employment Guarantee Act, the...
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UPA-2 and Welfare schemes-CP Chandrasekhar and Jayati Ghosh
-Macroscan.com Contrary to the argument that UPA-2 wasted too much money on "populist" schemes, it actually neglected and spent less on these important welfare initiatives than UPA-1. Please click here to access the entire article. This article was originally published in Business Line on May 26, 2014. ...
More »Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Pranay Sharma
-Outlook The author of the surprise international bestseller, Capital, in the 21st Century, thinks that abolishing Income Tax is not a good idea Books on economy rarely move beyond the peer group of economists and their academic circle. But those old presumptions are now being put to the test and the rules are being rewritten from the time 42-year old French economist, Thomas Piketty, went viral. The publication of the English edition...
More »Will rural flagship schemes change under Modi? -Jitendra
-Down to Earth Officials admit that MGNREGS and rural road development programmes suffered shortcomings in UPA regime Senior officials of ministry of rural development have gone into a huddle following questions regarding the performance of various ministries thrown by Narendra Modi, who will take oath as prime minister on May 26. The cabinet secretary has asked secretaries of different ministries to prepare a power point presentation on why benefits from a number of...
More »Inclusive growth, an exaggerated claim -Raghav Gaiha, Manoj K Pandey and Vani S Kulkarni
-The Hindu Business Line Claims that the economic gap in India is being bridged are not borne out by NSS data Recent accounts of poverty reduction - especially during 2004-11- triggered by the release of the 68th round of the NSS data, have been euphoric. Growth acceleration not just resulted in more rapid poverty reduction over this period than during 1993-2004 but it was also more inclusive as the most disadvantaged groups,...
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