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India and US may both be ‘downgraded’
Moody’s downgraded the sovereign credit rating of South Africa A3 to Baa1 in September. The Financial Times’ Beyondbrics blog cites the following paragraphs from Moody’s press release as explanation...
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Congress fooling nation with vacuous ‘reforms’
Every newspaper, every analyst, economist and news-network in India is hyperventilating on Indian economic reforms. Never has so much ado been made about nothing. The only meaningful reform decision...
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Bad economics, but who cares?
Based on provisional data released by the Central Statistical Organisation, the estimate of economic growth in India in the calendar year 2012, as per the widely-followed expenditure method, is 3.3...
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Food Security Bill will destroy India’s economy
The National food Security Bill aims to address the formidable challenge of food insecurity at the micro level in the country. The Congress is pushing the Food Security Bill even as conditional cash...
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PM’s spurious promise not enough
Note: This article has nothing to do with the tamasha that kicked off on April 2. Jim O’ Neill, Chairman of Goldman Sachs Asset Management is laying down office in few weeks. He is the author of BRIC,...
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How to spin tales in defence of a failed Government – I
Recently, two articles have appeared in Business Standard. One defends the record of the Government in certain areas and the other compares the NDA government of 1998-2004 and the UPA Government of...
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How to spin tales in defence of a failed Government – II
This is the second part of a two-part article. You can read the first part here. In the second part, we deal with the article by Mihir Sharma which claims to analyse the relative performance of the NDA...
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Celebrating the end of UPA’s lost decade
Devina Mehra and Shankar Sharma had written an article in the NDTV Profit website on the relative economic performance of UPA and NDA Governments. Recapping some of their points below: Simple...
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New Institution to replace Planning Commission – A Proposal
The new institution – to replace the Planning Commission of India – shall be named the Devolution, Decentralisation and Development Commission of India (DDDCI). The Preamble/Background This note...
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Niti Aayog – Shaking up Governance
NITI Aayog would be seen as an unbiased advisor. On August 19, 2014, this website had published an article that I wrote on the new body to replace the Planning Commission. The Prime Minister had...
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