At another level, he is critical of the governments, past and present, which have tended to be protectionist at various stages, ensuring that we have not really gained from globalisation.
The authors deal with issues in separate chapters, with the six as good as little booklets on the subjects of agriculture, manufacturing, foreign trade, fiscal policy, banking and institutions.
With the repo rate becoming progressively less potent as a tool to influence lending rates, alternative measures have been used to bring down rates through market forces.
Economic Survey 2020: There is definitely some optimism in the numbers which can be justified as coming over a low base in FY20. However, this also means that any unfavourable event can upset fiscal numbers. But this is a ris
According to the author, the lessons learned are that the leader has to take the heat and not hide back, which is what several of them do when there is failure.
In FY19, the central government earned around Rs 3 lakh crore and the state government around Rs 2.3 lakh crore. Clearly, such revenue would end in case these products came under the GST, as the highest slab is 28%, which is
Although RBI’s latest Financial Stability Report says that things have stabilised, one would have to be watchful and follow developments in the next 2-3 quarters, as external economic conditions will not be too ebullient, a
With both fiscal and monetary policy at the end of the road, there is little that can be done in the short run. pvt sector can’t pull all the weight either.
Economists also had their way with corporate policies and the author highlights the anti-trust legislation which was used in the USA to curb monopolistic power. Companies like General Electric, IBM, and Microsoft have all bee
Let us look at the good part first. It is a leveller and depending on the extent to which countries are open and willing to invest or let the IT firms come in, provides equal opportunity to everyone.
There is a big difference in the way in which the Groupthink directs opinion and the MPC considers the same, and the way in which banks and markets react.
Under the prevailing conditions, it would be hard to have our way in most trade agreements as every country would be pushing to leverage the deal which increases their exports and limits imports.
Fast forward to the present and Swamy does some straight talking. He calls Manmohan Singh an “accomplished economist but a marginal figure of no consequence in his own government”.
Poverty is a major issue for a large part of the human geography with over 700 mn people being afflicted in countries in Asia, Africa and Latin America.