The writer is a former Sukhamoy Chakravarty Chair Professor, JNU
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 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.
If one does not show that the “desirable is feasible,” chances are that the promises will remain on paper, as in the past.
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.
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.
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.
Exploring the role of the black economy in political finance and how it subverts democracy.
The problem is under-employment. It won’t be resolved if the residually-employed are notionally shifted from the informal to formal sector.
Universities will be subject to the dictates of the market
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
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.
Why is the RBI not disclosing the amount from the surrendered notes? Have more than the issued amount of notes returned?
Forget agriculture, it is more prudent to collect taxes from the service sector where the bulk of black income is generated.
What sustains the marketplace for ‘criminal’ politicians? This book has some good answers
Methods to use GDP estimates cannot account for the shock caused by demonetisation.
Is it necessary to punish all to tackle the 3 per cent who generate the big black incomes?
The Income Declaration Scheme has garnered only a minuscule amount of black money. The big fish have got away.
The world is uncertain so gold is held to take care of a rainy day.
While the RBI criticises policy, it does not use its own limited authority effectively.
It is necessary to distinguish between honest and dishonest, and correct and incorrect, decisions.