Political Economy
 
Governance by ordinance
Pushparaj Deshpande
Posted on: 17 Mar 2014
Topics:   Political Economy
Tags:   democracy

The UPA government recently explored taking the ordinance route to promulgate six anti-corruption bills. This article traces the shift from the post-Independence culture of healthy parliamentary debate in India, to ordinance-making powers becoming a procedural device to pass bills without debate. In the interest of a well-functioning democracy, it emphasises the need for the Legislature to engage in debate on legislation, and for the Executive to moderate its ordinance-making powers.
read on »
Keys to successful reform in India
Eswar Prasad
Posted on: 09 Jul 2014

The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy back on track into effective actions. This article contends that both strategy and specifics will be crucial for this budget to effectively kick-start economic reforms.
read on »
The challenge of fulfilling aspirations
Ashok Kotwal
Posted on: 15 Jul 2014

This year’s election is a watershed in Indian history. This editorial discusses possible reasons for the stunning defeat of the previous government. While there is no denying that the previous government could be faulted for many things including creating a leadership vacuum and letting corruption go unchecked, the knockout blow came from its inability to reform the institutions that are responsible for fulfilling legitimate aspirations of the masses. What should the central government do?

Ashok Kotwal will be moderating a Panel Discussion on “Emerging Challenges: Economic and Social” between Abhijit Banerjee (MIT) and Mukul Kesavan (Jamia Milia) on 16th July, 6-8 pm, Le Meridien Hotel, New Delhi.

read on »
The future of economic planning in India
Pronab Sen
Posted on: 09 Sep 2014

Economic planning has been a central tenet of India’s development strategy since independence. In this article, Pronab Sen – former Principal Adviser to the Planning Commission of India – presents his views on the criticisms leveled against Indian planning from time to time, and reflects upon the continuing utility of planning in the future.
read on »
In lieu of the Planning Commission: Part I
Pranab Bardhan
Posted on: 11 Sep 2014

The Indian government plans to replace the Planning Commission with a more contemporary think tank. Over the next few weeks, we will present views of experts from various stakeholder groups – private sector, civil society, academia, media and the government – on what should be the character and functions of the new body.

In this post, Pranab Bardhan – Professor of Graduate School at the University of California, Berkeley – provides a perspective on some of the issues involved in replacing the Planning Commission. In his view, several functions that were performed by the Planning Commission can now be located in other existing bodies. He outlines the functions that the new body should perform and contends that it needs to be more than just a think tank.

read on »
In lieu of the Planning Commission: Part II
Chandrajit Banerjee
Posted on: 19 Sep 2014

In this post, Chandrajit Banerjee - Director General, Confederation of Indian Industry (CII) - provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, Five Year Plans can be dispensed with, while the function of fund allocation across levels of government and ministries can be undertaken by the Ministry of Finance. He suggests having a group of private sector advisors that can provide feedback to the new body.
read on »
In lieu of the Planning Commission: Part III
Sunil Jain
Posted on: 25 Sep 2014

In this post, Sunil Jain – Managing Editor, Financial Express – provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, the new body should focus on providing advice on policy issues, and undertaking neutral assessment of government policies in the long run. It should not be involved in allocation of funds across levels of government.
read on »
In lieu of the Planning Commission: Part IV
Pronab Sen
Posted on: 30 Sep 2014

In this post, Pronab Sen – former Principal Adviser, Planning Commission of India – provides his perspective on some of the issues involved in replacing the Planning Commission. In his view, none of the functions that were performed by the Planning Commission are entirely dispensable for any central government in a federal democratic system; the issue is the manner in which they are performed and who performs them.
read on »
MNREGA´s swan song: Not everyone´s idea of ´achche din´
Amitava Gupta
Posted on: 14 Nov 2014
Tags:   MNREGA

Over the last few months, the central government announced a set of measures to restrict MNREGA. The rationale essentially revolves around corruption in the scheme and lack of economic viability. In this article, Amitava Gupta refutes this justification and argues that the attack on MNREGA is a attack on the rights of the poor to a fair share in the nation’s prosperity.
read on »
(Mis)Leading attack on MNREGA
Dilip Abreu , Pranab Bardhan , Maitreesh Ghatak , Ashok Kotwal , Dilip Mookherjee , Debraj Ray
Posted on: 12 Nov 2014
Tags:   MNREGA

Bhagwati and Panagariya have argued for phasing out MNREGA in favour of cash transfers. In this article, Abreu et al. contend that the argument is based on inflating the costs of the programme and deflating the benefits. While they do not claim that all is well with MNREGA, they believe it needs better governance, not slow suffocation.
read on »
12345678