When the latest budget of the Government of India was being debated on prime time television channels in early August, an economist, who is also a member in the Prime Minister’s Economic Advisory Council, said: “One of the best ways to double farmers’ income is to halve the number of farmers.” It surprised me and …
How forests can help in doubling farmers’ income Read More »
Rural India seems to be the step-child of the development model being followed since long. The narrative being peddled by the urban economic “pundits” and the Ivy League “babus”, being seconded by policymakers, is that the best way forward is to take the agriculture labour out of the villages and into the cities. But the million-dollar …
The Hindu Businessline The Reserve Bank of India’s Special Edition of the Report on Currency and Finance contains a comprehensive account of the evolution of banking in post-Independence India, which inherited a system where small private banks proliferated — 56 per cent of all bank deposits in 1947 lay with the 81 scheduled and 557 non-scheduled private …
The special report on Climate Change and Land released on August 8, 2019, by the Intergovernmental Panel on Climate Change (IPCC) illustrates this difficulty. It delivers a wake-up call for policymakers — that aggressive forestry targets do not excuse cowardice in cutting emissions from fossil fuel use. To make this case, it explicitly identifies the limits of carbon sequestration …
Excerpt from the speech of Sh M.K. Jain, DG, RBI. To read read full speech click here Consumers are the largest part of the economy and almost two-thirds of all spending is consumed by them yet they are less organized and their views are hardly heard. The Reserve Bank of India has come a long …
Consumer Protection in a Digital Financial World Read More »
When the Global Innovation Index ranking was announced last week the expectations were high. India, many believed, would break into the top 50 league for the first time. It came close, ranked 52 among 130-odd economies. Nevertheless, its performance was commended as it topped the Central and South Asian region for the ninth consecutive year …
Most indicators of the Indian economy in recent months confirm that it is slowing. There is also a consensus that the economic slowdown is largely a result of weakening demand, most notably in rural areas. While slowing demand has obviously affected the overall growth rate, it has also contributed to declining availability of jobs in …
The seriousness of the problem of unemployment in India Read More »
For Economic Times by Dr. Raghuram Rajan In her Budget speech, finance minister Nirmala Sitharaman said that India would start borrowing in external markets in external currencies. This is a marked change from the past when India issued government bonds in rupees,and borrowed in foreign exchange only from official lenders like the World Bank. Two …
Borrowing Overseas- Is it a Misadventure or Calculated Risk? Read More »
Financial Express Union Budget 2019: Digital India is Prime Minister Narendra Modi’s dream that is necessary for making India a $5 trillion economy. But the question of safeguarding the Internet properties has loomed over that dream, especially in the digital payments sector. Amid an urgent need to step up the firewall, the government has revealed …
The Business Line Using its economic power to meet non-economic objectives is not new for the US. Sanctions against Cuba and Iran deny those countries access to financial networks and markets, and scare away other businesses who fear prosecution in the US. By Section 301 of the Trade Act of 1974, the US gives itself …
