Arun Kumar

The writer is a former Sukhamoy Chakravarty Chair Professor, JNU

Articles By Arun Kumar

By ignoring final numbers for 2018-19 in formulating budget estimates, govt has presented incorrect data

Can there be any excuse to just reproduce the interim budget figures in July when the Ministry had the data given to the CGA? Further, the data was presented in the Economic Survey, so why not in the budget?

GST should remain a destination tax, to support poorer states — not be burdened with multiple objectives

GST was to lead to the unification of the country and improve ease of doing business. These were all significant political slogans. But they have receded to the background in favour of a more muscular nationalism.

With manifestos, political parties must show how the desirable is feasible

If one does not show that the “desirable is feasible,” chances are that the promises will remain on paper, as in the past.

Who will pay for sops?

Government’s claim that structural changes to the economy are paying off, and that is being used to give back to the people, is problematic.

GDP and its assumptions

New GDP back series does what the government needs it to — shows that growth during its term has been higher than during the UPA regime.

With due respect, Finance Minister

There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation.

Where’s the money coming from?

Exploring the role of the black economy in political finance and how it subverts democracy.

Job growth or number jugglery

The problem is under-employment. It won’t be resolved if the residually-employed are notionally shifted from the informal to formal sector.

The Catch In Autonomy

Universities will be subject to the dictates of the market

Calling black white

There is a lot of pain, no visible gain, from demonetisation. No amount of spin can mask the fact that it has dented the economy

How Things Fall Apart

The book misses the impact of corruption/scams on society — it leads to policy failure and to inefficiencies, which lower the rate of growth of the economy below its potential.

An embarrassment of riches

Why is the RBI not disclosing the amount from the surrendered notes? Have more than the issued amount of notes returned?

Not worth the tax

Forget agriculture, it is more prudent to collect taxes from the service sector where the bulk of black income is generated.

Lawbreakers, Lawmakers

What sustains the marketplace for ‘criminal’ politicians? This book has some good answers

Unusual times, usual ways

Methods to use GDP estimates cannot account for the shock caused by demonetisation.

High price, uncertain gain

Is it necessary to punish all to tackle the 3 per cent who generate the big black incomes?

Amnesty by another name

The Income Declaration Scheme has garnered only a minuscule amount of black money. The big fish have got away.

Govt’s gold schemes will not lower demand for the yellow metal

The world is uncertain so gold is held to take care of a rainy day.

Central confusion

While the RBI criticises policy, it does not use its own limited authority effectively.

Who’s corrupt?

It is necessary to distinguish between honest and dishonest, and correct and incorrect, decisions.