The Policy Monitor
Economists love Uber. Or at least, it’s imperative that they do because it’s the closest you can get to taking the pure economic theory of textbooks and summoning it to real life. Uber managed to create an open market, governed strictly by the forces of demand and supply.
Operation Twist was the name coined for a monetary policy tool by the US Federal Reserve with a far-fetched motive to influence the prevailing interest rate in the markets. The tool essentially aims at changing the shape of the yield curve through the simultaneous buying and selling of short-term and long-term government securities.
The education budget was presented under the umbrella of an ‘aspirational India’ theme. The theme itself kept me wondering if it just meant a meagerly increased spending and a few ‘new’ schemes like always, or did it really mean a stronger emphasis on ‘quality of education’.
. The government’s estimate of 10% nominal growth in GDP for next year with retail inflation currently at 7.35% is worrisome as it indicates a real growth rate of 2.5%, lagging at the tax buoyancy front. With this statistic and the option of new tax slabs, it is necessary to estimate and observe the interaction effect of these variables. Will the government be able to meet its fiscal deficit target with a negative effect of tax buoyancy and elasticity?
The only path forward is to build trust in the bureaucratic and administrative functions of the state. Following or setting up clear objectives like in the China and South Korea model can push infrastructural growth and development.
The contrasting scenarios of record agricultural production and grinding poverty illustrate what is described as the “paradox of plenty” in the agriculture sector. India wastes around food worth approximately $14 billion each year, according to government figures.
Perspective of a Health Activist on the Niti Aayog’s scheme to link new and existing private medical colleges with functional district hospitals and the related ‘Concession Agreement Guiding Principles for Setting up Medical Colleges through PPP’.