By keeping interest rates artificially high, RBI governors Raghuram Rajan and Urjit Patel squeezed the life out of the economy. Demonetisation administered the last rites. India's new PM must aggressively reform and remonetise.
Modi govt has invested tremendous transformative projects in rural India, from water conservation to soil testing, etc. The results include bumper production to once water-dry areas like Latur, now not needing even a water tanker!
The note ban formalised a huge sector of India's economy, spurred real growth, increased tax compliance, reduced interest rates, curbed artificially high property prices and netted black money. And these are just some massive advantages.
A direct cash transfer to the poor is a powerful idea, and whichever political party comes to power at the Centre will feel compelled to move towards it in order to repair India's broken fiscal engine.
Global thinking has changed with increasing acceptance of income transfer initiatives like NYAY and PM-KISAN to fight poverty and inequality. This part of the series focuses on the UN and India’s fight against hunger and inequality.
Economists' ideas on growth are changing, with the IMF finding trickle-down economics doesn't work. Schemes that improve income of the poor, like Congress' NYAY, are thus a good step.
Decoding the amended Section 54 benefits announcement in Interim Budget 2019.
Walmart faces stringent government regulations just a few months after it bought Flipkart. The timing is crucial. Will it faze the US giant?
Budget 2019 was a chronicle of achievements, a roadmap for the future, envisaging the return of the NDA, garnished with pre-poll populism, and finally, some warmth for the tax payer.
The government has already sounded the war bugle on elections. But in the bargain, the promises made need to be implemented with care.
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