governance, political economy, institutional development and economic regulation
Politics is heating up. Elections in Bihar loom in November with Assam, Kerala, Tamil Nadu* and West Bengal tightly packed together in May next year, just after the FY 2021-22 budget. Bihar remains rural at heart. Luckily for the BJP, agriculture is the bright star in the Indian economy with expected growth of 3%. Doesn’t […]
Read More The price of fiscal exuberanceMartin Wolf CBE is best known for being, since 1996, the Chief Economics Commentator at the prestigious Financial Times (FT) newspaper published from London since 1888 on distinctive “light salmon pink” newsprint. The Financial Times – news for the well heeled If you hire a Rolls Royce, to take you from Heathrow to your budget […]
Read More Martin Wolf – futurist or mere surfer of financial fashionCongress workers were blasted last week by their leaders for the poor showing of the party in the national elections. P. Chidambaram, possibly the most distinguished Congress leader today, who has held key portfolios like Commerce, Home and Finance, followed in the wake of his party bosses and fingered bureaucrats, as the main stumbling blocks […]
Read More Unjustly flaying the “small g” – the bureaucracyThe ritual halwa has been consumed in the cavernous basement of the Ministry of Finance and the budget printing team consigned incommunicado for the next ten days in a Byzantine tactic to maintain budget secrecy. Nothing illustrates the continuing “duality” of India than the fact that meanwhile the Finance Minister, Arun Jaitley remains deeply engaged […]
Read More Interim Budget 2019 – style and substanceHistory is written by the victors because they are the ones who survive and have “the force” with them. Last week the Central Statistics Office (CSO) of the Union government set the Yamuna on fire — not very difficult really, since it has more chemicals than water — by releasing the back series of the […]
Read More Politics, lies or just GDP statisticsArun Jaitley has returned to take charge as finance minister well before those who care for him would have advised. So what was the haste all about? The uncharitable view would be that power abhors a vacuum. Politicians and film stars — no wonder the two often overlap — are most vulnerable to the prolonged […]
Read More Jaitley returns as FM
Opinion India 