The WTO’s Agreement on Agriculture (AoA) classifies policies for agriculture into three: tariff (market access), domestic support (domestic subsidies) and export subsidies. But the most controversial as well as the important one is the set of domestic support measures for agriculture. These domestic support measures...
C. P. Chandrasekhar The NDA government has recently declared that it had made an unannounced decision to trash the ‘draft’ report of the official consumer expenditure survey relating to 2018-19. These benchmark surveys, normally conducted every five years in the past, are the most reliable sources...
Suvidya Patel (The NSO survey results call the bluff peddled by PM Modi on Swachh Bharat mission) On October 2, 2019, Prime Minister Modi proudly proclaimed that India, which was home to the largest number of people in the world not having access to toilets, has become...
Dechen Dolma Pradhan Mantri Ujjwala Yojana (PMUY) is one of the flagship schemes of the Modi government. Launched on May 1, 2016, PMUY, through which subsidised LPG connections were claimed to have been provided to about 4.5 crore poor households until 2018, is widely believed to...
Eras Ancient Greece 600 bc - 200 bc Roman Empire 27 BC - 476 Industrial Revolution 1760 - 1830 The Industrial Revolution is one of the most significant changes in recent human history. The transition included people moving from countryside to larger cities, going from hand production to the use of machines,...
C. P. Chandrasekhar A common refrain in assessments of India’s current economic predicament is that the economy is performing below potential because of a lack of ‘liquidity’. Often, this is merely a means of stating that an inadequacy of credit flow is choking up demand, operations...
Article Shared by The Envelope theorem is explained in terms of Shepherd’s Lemma. In this case, we can apply a version of the envelope theorem. Such theorem is appropriate for following case: Envelope theorem is a general parameterized constrained maximization problem of the form Such function is explained as...
Context India has 62.5% of its population in the age group of 15-59 years which is ever increasing and will be at the peak around 2036 when it will reach approximately 65%.These population parameters indicate an availability of demographic dividend in India, which started in 2005-06 and will...
Prabhat Patnaik On October 24-25, there were widespread peasant protests all over the country against the Regional Comprehensive Economic Partnership (RCEP) involving sixteen nations which India is currently negotiating. As negotiations near completion, such protests are escalating, with the All India Kisan Sabha planning to...
C. P. Chandrasekhar and Jayati Ghosh In a previous edition of MacroScan, we considered trends in central government employment, and showed how the number of people employed by the central government stagnated between 2006 and 2014, while the number employed by central public sector enterprises declined. Furthermore,...