Columns

By: R Gopalakrishnan
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: Arun Maira
Category: Common citizen, Governance, Inequality, Taxes, Jobs, India politics, Indian economy, Inclusive growth
Labour reforms needed to generate more jobs Declining growth of GDP to 6.5% this year will make it difficult for the Finance Minister to balance his budget next month. Citizens are much more worried about insufficient jobs and slow growth of incomes to balance their own budgets. The Gujarat... read more
By: Haresh Jagtiani
Category: Common citizen, Governance, India politics
Should we draw comfort from the fact that in the past too, serious assaults have been attempted and made on the Supreme Court by the executive, Indira Gandhi’s government to be precise, and the institution has survived, perhaps even revitalised itself to become more independent than before.... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, India politics
It is wrong to regard a country’s constitution as an inert document, the renowned constitutional expert S C Kashyap once wrote. A constitution is a living organism of functioning institutions. Every constitution gets meaning and content only from the manner in which and the people by whom it... 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
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Indian economy, Inclusive growth
It has been a muted start to the New Year in Mumbai, where instead of overflowing pubs, bars and restaurants, it is the demolition squad of the municipal corporation that has been in overdrive. As party hot spots and their extensions, encroachments and trespasses come to be investigated, as civic... read more
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Jobs, Indian economy, Inclusive growth
The ideology of ‘privatisation’ of economies and societies has advanced so much around the world in the last 30 years that even the very concept of ‘economic reforms’ has become restricted to reductions in the role of the government and more freedom for business corporations... read more
By: Dr Ghanshyam Shah
Category: Common citizen, India politics, Indian economy, Inclusive growth
ભારતના રાજ્યોમાં ગુજરાત ધનિક કહી શકાય. પહેલા બીજા નંબરે આવે. પણ.આરોગ્ય માં  આપણે આઠમે નંબરે. 45 ટકા પાંચ વર્ષથી નીચેની ઉમરના બાળકો  કુપોષણ થી પીડાય છે. એક લાખે 32  બાળકો મુત્યુ પામે  છે.  બાળમરણ નું પ્રમાણ કેરળ  માં 12 અને મહારાષ્ટ્રમાં 24 છે.  બાળમરણમાં આપણૉ... read more
By: Ajit Ranade
Category: Common citizen, Taxes, Union Budget, RBI, India politics, Indian economy, Inclusive growth
Around this time last year, the country was recovering from the shock of demonetisation. It created economic hardship, but it was a political success. Around the country, two questions were routinely asked to people waiting in long queues at the bank branch or the ATM. These were: (a) “Are... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, RBI
There has been some heated debate on the “bail-in” clause (Clause 52) of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, presented to the Lok Sabha recently. There have been apprehensions that the clause as specified in the Bill is against the depositors’... read more
By: Dr. Itishree Pattnaik
Category: Common citizen, Governance, Inequality, Sustainability, India politics, Indian economy, Inclusive growth, GST
Much has been debated on the miracle growth of Gujarat’s agriculture, particularly after 2003-04. Before that, agriculture in the state was low-performing and high fluctuating. The high growth performance was explained by factors like the boom in bt-cotton cultivation, power sector reform (... read more
Changing the course of the corporate Titanic
By: Arun Maira
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth
Having more independent directors of corporations, or separating the roles of chairman and CEO, and even giving more voice to small shareholders, which are the contentious issues being debated by corporate governance experts, are merely rearrangements of the deck chairs within the established... read more
By: Ajit Ranade
Category: Common citizen, Governance, Inequality, Taxes, RBI, India politics, Inclusive growth
India’s modern tax reform agenda was defined by the reports of two celebrated task forces, both chaired by Vijay Kelkar. This was during the previous NDA regime of Prime Minister Vajpayee. Those two reports, on direct and indirect taxes, are still refreshingly relevant. The main thrust of the... read more
By: Dr. Indira Hirway
Category: Governance, Inequality, Sustainability, Taxes, Jobs, India politics, Indian economy, Inclusive growth
Providing productive jobs with decent earnings to all has to be a major goal of any development model. Productive employment not only enables households to access necessary goods and services, but it also gives them dignity and self-esteem. Unfortunately, Gujarat has done poorly in the field,... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Common citizen, Governance, Global, RBI, Indian economy
The fifth bi- monthly monetary policy statement 2017-18 setting out the resolution of the Monetary Policy Committee (MPC) has kept the policy repo rate unchanged at 6.0 per cent on concerns of rising inflation. This decision is in line with market expectations. Five members voted for a status quo... read more
By: Usha Thorat
Category: RBI, Indian economy
The policy was in line with expectations. No changes in interest rates or in CRR. Inflation forecast for the second half of 2017-18 has been slightly raised to 4.3 - 4.7 per cent from the forecast of 4.2 - 4.6 per cent made in the October policy. The forecast for Gross Value Added (GVA) at 6.7 per... read more
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Blackmoney, Common citizen, Governance, Inequality, Taxes, RBI, Jobs, India politics, Indian economy, Inclusive growth
Weak investment demand would impede a higher growth trajectory. To top it, the predominance of consumption-led growth is a matter of serious concern in terms of sustainability. The soundness of the growth trajectory is under question.
Subbarao Who Moved My Interest Rate?
By: Ranjit K Pattnaik, Jagdish Rattanani
Category: Blackmoney, Common citizen, RBI, India politics, Indian economy, Inclusive growth
In September 2016, with an amendment to the Reserve Bank of India (RBI) Act, 1934, almost eight decades of operations relating to monetary policy goals, frameworks, and processes were given a goodbye. History was created with the metamorphic transformation, essentially from an individual (read the... read more

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