Sunil Jain, Managing Editor of Financial Express, writes extensively on regulatory failure and uses data to expose policies such as those on reservations in education and employment. He has written two books using NCAER’s annual household surveys of income and expenditure and is a co-author of Caste in a Different Mould which examines the role of education, location and occupation in determining the difference in incomes across various caste groups.
In response to a question on whether the new laws should be amended to say private traders will have to pay at least the MSP for all crops – this is a demand the Congress party has been making – Rajan does say “if you h
For all bilateral agreements that India has, such as with Japan, Korea, etc, this fell from 12.6% to 7.5%. Interestingly, the sharpest deterioration in India’s deficit is with China, a country with which it has no FTA.
But even if the deficit increases by 7% of GDP this year while trend nominal GDP settles at 10%, debt/GDP stabilises around 90% and then begins to come down; trend growth matters critically for debt sustainability.
The A Raja licences that hit investor faith in the country were also a failure of the political system, not a bureaucratic one. The telecom fiasco, including the AGR one, as this newspaper has so diligently documented over th