Author: Ram Manohar

India’s economy and the challenge of informality

News: This article says that fiscal policy efforts to formalize the economy are not enough in the case of India. There is a need for a coherent approach that focuses on the productivity of workers, efficiency, and overall economic growth.  What is the fiscal perspective of formalization? One, according to international financial institutions such as… Continue reading India’s economy and the challenge of informality

Political economy of regulatory reform

News: This article discusses the status of implementation of regulatory reforms announced in the last seven budgets. Contents1 Why financial regulatory reforms are needed?2 How budget announcements have focused on reforming regulatory structure?3 What is the implementation status of the above-mentioned reforms?4 What is the way forward? Why financial regulatory reforms are needed? Financial regulatory… Continue reading Political economy of regulatory reform

Fiscal policy must take centre-stage for a broad revival

News: The third wave of the pandemic is receding but the impact of the pandemic on the economy may last longer. However, response of the government in dealing with the pandemic-induced disruptions can change the scenario. This article discusses the need to reduce inequality and how fiscal measures can help in that. Why inequality is… Continue reading Fiscal policy must take centre-stage for a broad revival

Unlock India’s food processing potential

News: There is a challenge in front of all of us to feed the 10 billion population by mid-century. Hence, food production needs to be both economically viable and ecologically sustainable. How Production-Linked Incentive Scheme (PLI) scheme is helping in the growth of the food processing sector? One, India is one of the largest producers… Continue reading Unlock India’s food processing potential

A brief history of Indian budgets as economic constraints shifted

News: India will complete 75 years as an independent nation in August 2022 and the Finance minister will present the annual budget against the backdrop of this anniversary. This article analyses the budgets of the following years 1948, 1972, 1997, and explains the various reforms undertaken to overcome the constraints/challenges faced during those budgeted years.… Continue reading A brief history of Indian budgets as economic constraints shifted

Keeping faith – On India- Pakistan Relations

News: Recently, Pakistan Hindu Council has sent a proposal to India to allow pilgrims of both countries to travel by air to avoid complicated procedures. The proposal is sent at a time when other India-Pakistan exchanges are suspended. Contents1 What is the scenario in religious exchanges?2 What is the proposal?3 Why is the present state… Continue reading Keeping faith – On India- Pakistan Relations

Credibility of govt accounting – On Public Account Committees

News: The Public Accounts Committee (PAC) completed a hundred years of existence, and this article discusses ways to improve the PAC’s oversight. What is the significance of the PAC? One, it plays a crucial role in scrutinizing the use of government funds. The PAC is a parliamentary committee, and customarily the leader of the largest… Continue reading Credibility of govt accounting – On Public Account Committees

Let’s universalize India’s employment assurance

News: Recently head of Hindustan Unilever has suggested that it’s time for the government to launch an urban job guarantee along the lines of India’s rural employment scheme. What is the need urban employment scheme? First, India’s rural employment scheme helped village-dwellers during the covid crisis. Second, service sector has been severely affected by the… Continue reading Let’s universalize India’s employment assurance

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