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Monday, January 27, 2020

economy slowdown


Budget 2020: Hope for the best, prepare for the worst

January 26, 2020 10:31 am

P Chidambaram writes: The economy is not the main concern of the BJP government; it is the Hindutva agenda. On the other hand, the people are concerned with issues tied to economic growth such as more jobs, better producer prices, wages and incomes, relative price stability, access to better education and health care, and improved infrastructure.

The people deserve better: As the Republic turns 70, the nation’s growth prospects seem fraught

January 25, 2020 11:43 am

It is the robustness of the economy, which alone can deliver millions out of poverty. Yet since 2014 to the 70th year of our Republic, the economy has been given step-motherly treatment. This government’s agenda is not just politics, but divisive politics.

Separating fact from economic fiction: Growth slowed beyond expectations starting late 2018

January 25, 2020 11:40 am

Our very conservative estimate is that absolute poverty in 2017-18 was in the low to mid-single digits — a decline of 6-8 percentage points from the 14 per cent level in 2011-12. This is indeed a happy note as we celebrate 70 years of the creation of the Indian Republic.

CAA ploy to divert people's attention from economic slowdown: Yashwant Sinha

January 12, 2020 7:52 pm

"This unconstitutional, unnecessary Act is meant to divert the attention of the youth, farmers, women, so they get involved in opposing this and do not think about their daily difficulties," Yashwant Sinha said.

Domestic political climate affects external relations. India must recognise this urgently

December 31, 2019 9:34 am

Some in Delhi might scoff at the notion of recognising external concerns in the conduct of India’s domestic politics. To be sure, the theory is that all states are sovereign and free to do what they want at home and free to conduct foreign policies as they like.

Economic slowdown puts a question mark on 14 per cent GST compensation

December 26, 2019 10:43 am

“With inflation hovering around 4-5 per cent and India’s growth expected to be 5-6 per cent, it will be difficult for the Union government to provide compensation to states at 14 per cent annualised rate,” a Finance Minister of a BJP-ruled state told The Indian Express.

Govts must ensure policy continuity, refrain from creating sector-specific uncertainty

December 26, 2019 9:28 am

Rather than opting for measures like farm loan waivers, which lead to problems of moral hazard that impact credit culture, measures should be undertaken to improve agricultural productivity. Alternatively, can we not enact a law to preserve policy continuity?

India will emerge from difficult economic situation soon: Rajnath Singh

December 17, 2019 10:38 pm

"We can face and tackle the global economic slowdown only by increasing consumer demand," Rajnath Singh said, adding that the government has taken several structural and procedural reforms whose impact is now visible.

Interview with Vijay Kelkar & Ajay Shah: ‘The middle-income trap can happen here’

December 17, 2019 5:22 am

In our book, our big ideas are related to Mahatma Gandhi’s ideal world which is an “ordered anarchy”, where the people shape their destiny, where the people don't look to the government to reshape their world.

PM unusually silent on economy, left it to his ministers to indulge in 'bluff and bluster': Chidambaram

December 05, 2019 3:18 pm

"The government is wrong. It is wrong because it is clueless. It is unable to look for the obvious clues because it is stubborn and mulish in defending its catastrophic mistakes like demonetisation, flawed GST, tax terrorism, regulatory overkill, protectionism, and centralized control of decision-making in the PMO," Chidambaram said.