Articles: May 2017

By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, India politics, Indian economy
The constitutional expenditure responsibility of the state governments is vast. The unsustainable finances of States will not only hamper growth prospects but will also come in the way of achieving a credible Human Development Index( HDI). This remains a weak link in the Indian system.
By: Ajit Ranade
Category: Common citizen, Jobs, Inclusive growth
Whatever be the reasons, the days of secure, lifetime employment with one employer are gone. Workers need to be in continuous learning mode, and possibly change “jobs” several times in their working lives. The discourse of employment should thus focus on creation of “work”, not merely jobs.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Indian economy, GST
Empirical research and evidence suggest that the common base and rates across goods and services and similar rates across states and between Centre and States will facilitate better tax administration, improve tax compliance, alleviate double taxation while also ensuring adequate tax collection
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, RBI, Indian economy
The fall in headline inflation rate is not generalised. Mostly, the deceleration is food centric, caused by the demonetisation effect of distressed sale of perishable goods by farmers coupled with lower demand due to wage shocks. The RBI has described it as an “abrupt compression in food inflation”
By: Usha Thorat
Category: RBI, India politics, Indian economy
RBI must distance its role as regulator/supervisor from the process to be put in place under the new Ordinance. It would be appropriate for RBI to envisage the new authority under Section 35AB as an apex authority that lays down the broad parameters within which oversight committees would function.
By: Ajit Ranade
Category: Common citizen, India politics, Inclusive growth
The agenda of financial inclusion was to bring the financial sector, savings, loans, insurance and investments to the doorstep of all households of India, rich or poor, rural or urban. By connecting them with the formal institutions, this would lead to higher productive savings and investment.
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: RBI, Indian economy
Any move to shake up lenders and their creditors from their stupor and force a special solution in a special context is welcome. But it may be too soon to say the ordinance will provide a way out of a complex problem that has grown to have linkages way beyond the souring of individual transactions
By: Arun Maira
Category: Jobs, India politics, Inclusive growth
Better livelihoods with adequate incomes for human beings along with good social security are big challenges for India’s leaders, even before ‘Industry 4.0’. They should stay more focused on developing strategies for livelihoods and social security than on an Industry 4.0 technology strategy.
By: Ajit Ranade
Category: Common citizen, India politics, Indian economy
In fact, given India’s advantageous demography, the per capita burden of future taxes will be lower, since the population will remain young for a long time. In such a scenario, a higher deficit and borrowing today, simply means a proportionately higher tax burden on tomorrow’s unborn generation.