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| MARCH 2008 |
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States’ balance sheets healthy enough to follow pay panel
Economic Times – March 26, 2008
“I don’t think the Sixth Pay Commission would be a drag on states’ finances as most of the states are in a better position than in 1998, when the Fifth Pay Commission came into effect account. Most states are running fiscal surplus. And as fundamentals are strong, strong growth of economy and buoyancy in tax collection would help states to absorb this burden, “ says Icrier director and chief executive Rajiv Kumar . |
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Private sector salaries for Govt employees?
CNN-IBN – March 25, 2008
The panel comprised of Director and Chief Executive ICRIER Dr Rajiv Kumar , Former Cabinet Secretary TSR Subramaniam, and COO Naukri.com Hitesh Oberoi. |
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Inflation spurts to 10-month high on rising food costs
Hindu Business Line – March 21, 2008
Responding to the latest WPI data, Dr Rajiv Kumar , Director and Chief Executive, ICRIER, said: “The real issue is what is pushing inflation. If commodities and food prices are the reason behind inflation, then nothing in interest rate will be of help. The Government should take action on the supply side. Interest rate hike will not be a good policy option.” |
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Shankar Acharya: Year of the Carp
Business Standard - March 17, 2008
A fortnight has passed since the Union budget was presented. As usual, it has provoked reams of commentary from serried ranks of financial journalists, tax consultants, investment analysts, general columnists and, of course, my own tribe …economists. Reviewing the flood of material that has been published, I am struck by the apparent disconnect between the views of the general run of commentators (GC, for short), who have broadly welcomed the budget, versus the economists tribe, who have been mainly critical (see, for example, the views of six economists in the latest India Today). Why this disconnect between carping economists (CE) and the other professional commentators? The following Platonic dialogue between a fictional representative of each group tries to shed some light. |
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Bring exchange rates under WTO?
Economic Times - March 11, 2008
The authors feel that this could infuse new negotiating zeal into the developed countries and help restart the moribund Doha talks. A strong statement as this makes one wonder what might be the real motivation behind this suggestion, which clearly undermines the role and efficacy of IMF. What is worrying is that the government of India is apparently considering coming out in support of this proposal. |
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No case for monetary easing now
Economic Times - March 7, 2008
In short, while the budget indicates further movement towards fiscal consolidation, in fact, it may not turn out to be so. This is to be also seen in the light of the admission, for the first time, by the finance minister that the deficits are already understated to the extent of significant liabilities on account of oil, food, fertiliser bonds which are currently shown below the line. |
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ICRIER study sees increase in iron ore resources in India
Financial Express - March 6, 2008
India's iron ore resources can increase significantly from the current estimated level and there is no urgency to rush into any conservationist policy as regards to ore exports, according to a study carried out by ICRIER. |
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It's all spook, no fire for self-employed pros
Economic Times - March 3, 2008
“It seems likely that self-employed professionals are disappointed as no tax cuts were announced at the upper end. Also, corporate tax must have been one of the reasons,” says Rajiv Kumar, director and chief executive, Indian Council for Research on International Economic Relations (ICRIER). |
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