The economics of Covid-19
An unanticipated shock compelling physical distancing is a rare phenomenon, especially at a global scale. When it all ends, the global economy would have recovered to get back to its status quo ante.
Why it’s time for post-Covid world
Rich or poor, a 50% cut in income hurts. Governments around the world began to underplay the novelty of the pandemic. Yes, there were deaths but people died anyway in winter in the Northern Hemisphere. They were just dying o
Why India should not chase old shibboleths like swadeshi and socialism
This time, without chasing old shibboleths such as swadeshi and socialism, India must focus relentlessly on economic growth in an open economy environment
George Floyd protests: Holding Gandhi to sensibilities of today
His critics expect Gandhi to have behaved like we would today, and combine the struggles of all oppressed groups against whoever the oppressor power is. To expect a person fighting for rights of a section of people a hundred
Building a better India: Sell public assets to fund national version of MGNREGA for urban workers
Just compare India with East Asia, which neither interpreted self-sufficiency as rejection of trade nor capitalism as an alien Western ideology.
China-India conflict this time will be part of global Cold War
This time the China-India confrontation will not be an isolated affair with India friendless as in 1962. It will be part of a global (hopefully) Cold War.
The big growth leap: Covid gives India the opportunity to get growth without massive investment
Covid gives India the opportunity to remove a 70-year incubus and get growth without having to invest massively.
Coronavirus crisis offers Narendra Modi an opportunity, writes Meghnad Desai
There may be skittish debates among the retired economists as to whether the latest package is really 10% of GDP or only 8.25%, but its boldness is welcome.
Covid crisis: What next after the pandemic?
When the corona crisis ends, a return to the old normal is likely. To aid economic recovery, economic policy gaps revealed during the crisis must be addressed.
Need to renew industrial growth: Modi 1.0 launched Make in India, now is the chance for renewal
The need is for a temporary unemployment benefit scheme for up to 100 days a year similar to the MNREGS so that urban workers do not suffer during short periods of unemployment.
Post-pandemic economics: The new normal will not be very different from the old one
Idealist notions of the State overtaking the Market as the one in charge are unfounded.
COVID-19 crisis: India needs a plan to help migrant workers
MGNREGA extends the idea beyond famine conditions to relieve chronic rural underemployment by providing for 100 days of work for someone in a rural family.
What after the coronavirus pandemic?
The recovery will be geographically uneven. It may follow the path of the virus’s spread.
Amid Coronavirus pandemic, race for the ‘best’
Number of hospital beds per capita, number of qualified health professionals, availability of testing equipment are what counts rather than Dow Jones or Sensex.
Time for a New Economics
Countries breaking the rules of economic prudence to deal with coronavirus shatters the monetarist view that economic policy must be independent of politics.
British plan for judges way to go for Rajya Sabha?
After Partition, the new Constitution and Sardar Vallabhbhai Patel got rid of princely states. What we have instead are elections in state Assemblies where the electorate is small, with their choice predictable by their party
Rethink financial regulation
India can’t rely only on RBI to regulate the credit market; there have to be clean lines of responsibility as to who regulates which sector
India has many histories, not one
The incursions of Muhammad Bin Qasim were confined to Sindh, and Mahmud of Ghazni raided Gujarat and Punjab but did not stay to rule.
Random economic shocks: There are no rational ways of making accurate long-run predictions
The fall in stock prices is cautionary, not necessarily calculated; there is no reliable way of calculating. Faced with the unknown, all you can do is to go into cash.
OPINION | Don’t need a single story of nationhood
Bhagwatji says that he was warned against using the word nationalism while in the UK, as this was an unwelcome word for the locals.
With swadeshi back in fashion, who needs economic growth
Nationalism, respect of foreigners, and ambition to see India as a moral leader of the world are much more satisfying to the ego of the elite than roti, kapda, makaan.
Anti-CAA protests: Govt needs to break silence, talk to protesters
In my view whatever you may think of the CAA, it is hard to call it unconstitutional.
Budget 2020: Why tax rate cuts won’t have much impact
Union Budget 2020 India; The FM needed to have measures that would have fuelled the revival of private investment.
Why has the 21st century become so blatantly anti-Muslims?
Islamism is the political movement which was born as a response to the crisis, but it is Janus-faced. Islamist political movement has fought to disestablish Muslim governments across the Middle East.
India Budget 2020: Financial accounts in dire state! Attempts to recovery by fiscal stimulus will not help
Union Budget 2020 India: As and when credit conditions improve, the economy will revive. Attempts to accelerate the recovery by fiscal stimulus when financial accounts are in a dire state will not help.
Is it time for Uddhav Thackerey to go national?
Whatever the current fortunes of the BJP and Shiv Sena, it was the Shiv Sena which succeeded politically in launching Hindutva (with a Marathi angle) as a viable political brand.
Lack of innovation, no credible response: Reasons why socialism failed
Capitalism has marginalised socialism by its capacity for innovation. Socialism as an ideology has to master the new forces of capitalism to fashion a credible response, or perish
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Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
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- Budget 2020: How ESOP tax changes will benefit start-up employees
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