Sustainability

By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Sustainability, India politics, Indian economy
We have seen a heated debated on one of the terms of reference of the 15th Finance Commission that mandates it to look at the 2011 census data for population. This changes the practice of keeping the reference point at the 1971 census data, anachronistic in our times but still providing comfort to... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Given the surcharged political atmosphere, it is no surprise that trust in the words of the Finance Minister is low. Apart from that, there are messages embedded in the terms of reference, like “quality of expenditure” and “control in populist measures” that the States fear may expand the remit of... read more
By: Arun Maira
Category: Common citizen, Governance, Sustainability, Taxes, China-India, Global, Jobs, India politics, Indian economy
The over-arching goal of a society should determine how trade must be regulated. If the over-arching goal of humanity is to increase the size of the global economic pie, all barriers to trade must be removed. Each country should produce only what it can produce most competitively and buy from... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, India politics, Indian economy, Inclusive growth, GST
These days there is much hand wringing about the unfair treatment of the southern States in their share of tax resources of the nation.  For the moment, leave aside the fact that this controversy gets much of its fuel from the current election and campaign rhetoric. So let’s focus on the... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Jobs, India politics, Indian economy, Inclusive growth
On March 6, more than 10,000 farmers set off on a silent march from Nashik to Mumbai. This march was called by the Akhil Bharatiya Kisan Sabha. Their main demand was transfer of land to farmers as promised under the Forest Rights Act (FRA) of 2006, better prices for their crops, and granting of... read more
By: Ranjit K Pattnaik, By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, India politics, Indian economy, Inclusive growth, GST
The Union Budget 2018-19 has in many ways dishonoured prudent fiscal management and thereby has bid goodbye to the idea of fiscal governance. First, the revenue deficit target has been done away with in the proposed new FRBM architecture.  This is a body-blow to one of the biggest reforms that... read more
Category: Common citizen, Inequality, Sustainability, Taxes, Union Budget, Jobs, India politics, Indian economy, Inclusive growth
Developing a consensus with the States and executing a national agenda is an urgent task of the Central government. Though GST is an important subject, I intuitively feel that if half the effort to build consensus for GST had gone into agriculture, the GDP benefits would have a higher impact!
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Jobs, India politics, Inclusive growth
This year marks the twenty fifth anniversary of the historic 73rd and 74th amendments to the constitution of India. These two amendments conferred constitutional status to local self governments in rural and urban areas. The respective bills were tabled in Parliament by the government of Prime... read more
By: Satish Kumar
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, Jobs, India politics
Apart from one small country, Bhutan, almost every country is under the spell of this mantra. A numbers-driven growth paradigm has almost taken the place of religion today, and it is the one common foundation on which rest many important choices being made by people at all levels. This march to... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
At the macro level an economy has four drivers of growth. Think of these as a four wheel drive. If all are in sync, and revved up properly then we get good speed i.e. growth of the economy. These four drivers are the sources of demand, or spending on goods and services. These are private... read more

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