Tuesday, 9 August, 2022
TopicLiberalisation

Topic: liberalisation

Stock market turmoil, crypto craze proof of human ‘fear, greed’ says chief economic advisor

Speaking at India Ideas Conclave, organised by think tank India Foundation in Bengaluru, V. Anantha Nageswaran, also said India was now in position to deliver domestically-driven growth'.

India is walking on one leg because 1991 reforms missed banking & finance

Restrictions on banking led to limited capacity for new entrepreneurs to have access to resources. It allowed the old elite to continue dominating. This order must be shaken up now.

Modi govt’s industrial policy shows it has run out of ideas & is taking India back to pre-1991

Exactly 30 years after India turned away from central planning and liberated the private sector, the Modi govt is again handing out subsidies & licenses while putting up tariff walls.

India needed a crisis to reform. It got one in 1991, thanks to Nehru & Indira’s Soviet model

India’s turn to a centrally planned economy began in the 1950s under PM Jawaharlal Nehru. But by 1991, the economy came to a grinding halt and faced a massive crisis.

Covid has undone years of gains India made after 1991 liberalisation

Modi had pledged to turn India into a $5 trillion economy by 2025, but the pandemic is set to push that back by years. Over 200 mn have gone back to earning less than minimum wage a day.

Govt further liberalises guidelines for BPO industry, says move will reduce compliance burden

For the alterations, a BPO centre with common telecom resources will now be able to serve customers located worldwide, including in India.

How to bring ‘Big Bang’ reforms in India? Wait for a crisis – even Modi had to

India has once again lived up to reputation of using a crisis to unleash difficult reforms. Nirmala Sitharaman has introduced bold reforms in holy cow sectors like agriculture and defence.

Why this MIT student’s paper on Indian liberalisation threatened trade economists

In Good Economics for Hard Times, Nobel laureates Esther Duflo and Abhijit Banerjee write about the link between liberalisation and inequality in India.

Why do Indians hate JNU-style subsidised education? Because we love the private sector

There have been constant attempts to destabilise campuses in India. Take the suicides of Rohith Vemula, Payal Thadvi, Fathima Latheef or BHU protest for instance.

Bollywood star on ads, Disneyland tickets, space-age branding & yet Thril cola fizzled out

Caught between two worlds, McDowell’s Thril cola made an impact in India, but briefly.

On Camera

YourTurn

Representational image | Indian Navy/Facebook

Tale of two ships – How Delhi is asserting Indianness of the Indian Ocean to China

A US Navy ship docked in an Indian port for the first time. And a Chinese ship couldn’t in Sri Lanka. New Delhi is finally pulling strings.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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