Karan Thapar interviews Montek Singh Ahluwalia, former deputy chairman of the Planning Commission, about demonetisation, GST and the overall state of the Indian economy.
On the first anniversary of demonetisation, economist Prabhat Patnaik speaks about why its stated objectives were not achieved, the role of GST and more.
In an interview with Karan Thapar for The Wire, Sitaram Yechury, general secretary of the Communist Party of India (Marxist), criticises demonetisation and argues that it failed to achieve all the objectives that were promised by the government.
Documenting the agony of people whose hard earned money was turned valueless overnight on November 8, 2016.
Analysis using Milton Friedman’s theory shows India’s GDP growth is likely to crawl back to its long-run level. However, we cannot deny the loss in interim GDP because of demonetisation.
For most of the past ten years, the economy has been suffering because of the unrelenting regime of very high real rates of interest that the RBI has imposed.
From Janardhan Poojary to Crony Capitalism: India’s Bank Recap Must Be Accompanied by Further Reform
While there are several domestic and international examples of recapitalisation bonds having worked, none of them have prevented further NPAs from piling up.
Vinod Dua discusses why the Gujarat assembly election dates weren’t announced earlier and the government’s decision to recapitalise banks.
While it will almost certainly impact the fiscal deficit, this needs to be accompanied by an aggressive recovery of loans so that moral hazard doesn’t set in.
It seems as though the Centre does not know how to tackle the economic slowdown and lack of jobs in the country.
The government’s attempts to reduce the CIC-GDP ratio by merely reducing currency in circulation without the necessary structural reforms are likely to have deleterious consequences.
The government has said it will assess reasons for low rate of compliance.
A fortnightly column reflecting on chapters of India’s political past that are relevant today.
In order to put the economy on a trajectory of sustained growth, what we need is a large fiscal stimulus package.
“Compliance burden of medium and small taxpayers in GST is being reduced,” finance minister Arun Jaitley said.
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs.
“Policies that ought to be implemented, and ought to implemented well, like GST, are being completely fumbled,” Shourie also said in an interview to NDTV.
Electoral bonds, as proposed in Union Budget and passed by parliament, would only add to opaqueness in funding, claims a Delhi-based NGO.
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development.
In an interview to The Wire, the BJP leader defends his criticism of Arun Jaitley’s handling of the economy and explains why the government’s policies from Kashmir to Pakistan are wrong.
In trying to appease its constituents, the RSS has not only insulated Modi from economic accountability but has also absorbed opposition criticisms against the government.
Middle-class youth who supported Modi and gave him legitimacy are now seriously doubting his economic policies. That doubt will soon turn into rage.
Jayant Sinha, son of the former finance minister, also wrote a rebuttal to his father’s harsh critique of the government’s economic policies.
Vinod Dua discusses Yashwant Sinha’s article criticising Arun Jaitley and Bhagat Singh’s legacy.
Many BJP leaders are attacking the finance minister every day, but there is a convenient silence around the prime minister’s role in the economic decisions that brought us here.
Vinod Dua discusses why Arun Jaitley had to finally admit that the economy has slowed down and why gold imports have tripled compared to last year.
Public investments across all industries, with a policy focus on increasing female labour force participation, can go a long way in improving India’s economic growth performance.
If broad and deep reforms are not carried out alongside creating institutions of eminence, the government’s proposal stands the risk of reinforcing existing structural inequalities in the education system.
Vinod Dua discusses how the inefficient implementation of the GST is hurting the Indian economy and the clean Ganga campaign.
India’s crowded digital payments market is expected to grow ten-fold to $500 billion by 2020.
Year-to-year growth of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation).
Maintaining an inadequate status quo has been the preferred mode of operating in the defence ministry, and many issues fester.
The price of demonetisation’s “success” is now clear – slowing economic growth. What makes matters worse is that India has made very little headway in solving its twin balance sheet problem.
Economist Arun Kumar explains how demonetisation failed to tackle black money, but had a severely negative effect on the unorganised sector and the white (formal) economy.
Nine months after Prime Minister Narendra Modi announced the demonetisation Rs 500 and Rs 1000 notes, it is clear that his government has not had one single, consistent reason for conducting the notebandi exercise.
Finance minister Arun Jaitley asserted that the government over the last two-three years has made tax evasion difficult and that has come as a “rude shock” to many.
Data shows that post demonetisation – announced on November 9, 2016 – the number of fatal instances in Kashmir have in fact gone up.
Instead of waiting for all the data to come in and making an apples-with-apples comparison, are different numbers being thrown at the public in order to make a political point about the ‘success’ of demonetisation?
In conversation with Karan Thapar on his last day as vice president, Hamid Ansari talked about growing intolerance, aggressive nationalism, the government’s political inaction on Kashmir and more.
While the opposition parties called the variance in Rs 500 and Rs 2000 currency notes the “biggest scam of the century,” the Centre dismissed it as a “frivolous” issue.