India can, and must, reform its welfare system. More efficient redistribution is desirable for ethical and political reasons
Public health and education programmes are the best way to tackle India’s hunger problem.
The finance minister can cut everyone’s tax burden, even pay the poor, and be revenue neutral by cutting sops
The economy provides scope and demonetisation, the rationale for a flat income tax rate and a negative income tax for the poor and the needy.
The variation in GDP estimates is mainly due to the varying inflation levels being used in calculations.
Budget 2016 promotes inter-state competition in reforming laws to generate employment.
India needs to pursue reforms more effectively if it wants to benefit from the decline in China’s economy.
The most desirable monetary policy committee will be one that gives primacy, but not total control, to the RBI.
The Troika’s overemphasis on austerity distracted attention from the reforms needed in Greece
The external environment has had both a positive and negative effect on India’s economy.
Budget 2015-16 will be watched for how much it breaks from the past.
‘Neo-liberals’ emphasise sewers, sanitation and toilets, not ‘neo-communists’.
Don't people in a democracy have a
right to good governance?
The challenge is to increase short-term rates,while keeping long-term rates low
The triggers for the rupee fall are external. The solutions lie within
The timing of the Chinese incursion may have been related to Xi Jinpings need to establish his hardline credentials and Li Keqiangs forthcoming visit
It is not as bleak as investors think,nor as rosy as politicians project it to be
Budget 2013-14 carries forward the process started in the last quarter of 2012
In a recent research paper forecast, I had argued that the world will become bipolar in 25 years and tripolar by the middle of the 21st cent...
US President Nixon transformed US relations with China with his breakthrough trip to China. This led after a decade or so to a transformatio...
Oil Prices touched $50 a barrel last year while the International Energy agency confidently forecast that prices could go below $25 a barrel...
Everybody is talking about an India-China Free Trade Agreement(FTA). The discussion reflects a confusion between the need for increasing Ind...
When Dr Manmohan Singh became prime minister last year, the middle class by and large was very happy that an educated professional had taken...
A basic objective of economic and social policy is to ensure that all able-bodied citizens are provided a job at the prevailing market wage ...
The report of the task force on Fiscal Responsibility and Budget Management Act was made public last week. The report discusses the fiscal c...