[Economy] An effective plan to monetise government assets
A debate on the monetisation of unutilised and under-utilised government and public sector assets has started with the introduction of a roadmap for monetisation in the Union budget. […]
[Economy] Public spending for private revival
A chapter in the October 2020 edition of the International Monetary Fund’s (IMF) biannual publication, Fiscal Monitor, argues that as a response to the COVID-19 pandemic, and to support the recovery as COVID-19 induced lockdowns are relaxed and the world moves to a post-pandemic phase, enhancing public expenditure is crucial. So, governments, [...]
Economy – From SUNSET to SUNRISE Areas of Growth (Post Pandemic Recovery)
Written by:- Amitabh Kant, CEO, NITI Aayog Syllabus Connect :- General Studies -Paper II (Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment) Mains Connect:- Discuss the sunrise sectors of Indian economy in a post pandemic world. The COVID-19 pandemic has been extensively disruptive in [...]
Economy-Speeding up financial inclusion of women.
Syllabus Connect :- General Studies -Paper II (Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment) Mains Connect:- Discuss the status of financial inclusion of Indian Women and the suggest measures to improve it in light of Denarau Action Plan. Over the past year, [...]
Economy – Is flexible inflation targeting still fit for the purpose ?
Is ‘flexible inflation targeting’ (FIT) ripe for a coup d’état that topples its almost three-decade grip on the ruling dispensations of central banks the world over? Pioneered by New Zealand as early as 1990, and soon emulated by Canada and the United Kingdom, FIT is now the de jure, or [...]
Economy- Attention Economy and MASS.
Have you ever wondered why cricket matches are getting shorter – from test matches to one-day matches to T20 and now T10? There are two possible reasons – either people can’t stand so much cricket, or it’s not cricket’s fault. Perhaps, people can’t stand anything for that long. [...]
Economy-Reversing Liquidity Glut.
The United States Congress approved an emergency bailout package of $700 billion during that fateful week in September 2008. This was just days after the spectacular crash of Lehman Brothers. […]
Economy-Modern Monetary Theory and Its Relevance to India.
Stephanie Kelton is one of the most influential advocates of Modern Monetary Theory, or MMT. The MMT challenge to mainstream thinking on how to manage an economy has grown in popularity in recent years. […]
Economy-Will cryptocurrencies survive ?
It is not only India, governments across the world have started banning them. The cryptoprophets expected this, but they underestimated the power of the state. That the state is an actualization of an ethical idea might be a lie, but a successful myth. And old successful lies are hard to [...]
Economy – ‘Lucas critique’/‘offsetting principle’ in macroeconomics.
The great Austrian economist and political philosopher, Friedrich von Hayek, published The Road to Serfdom in 1944, arguing against socialism, planning and collectivism, and in favour of individual liberty, the market system and capitalism. […]