View: States are the biggest losers in GST sharing formula

photo

GoI is uniquely positioned to raise resources in comparison to states. It must also address the growing demand to extend the GST compensation period to 10 years, given how the reality has turned out. Synopsis ​​The track record so far of the present government toward states demonstrates a betrayal of trust so crucial not just … Read more

Countries fighting COVID-19 in decentralised manner doing better: Raghuram Rajan

photo

NEW DELHI: Former Reserve Bank governor Raghuram Rajan has said the countries that tried to fight coronavirus pandemic in a decentralised manner have done reasonably well as compared to others. Citing the example of Germany and South Korea, Rajan said that these countries have allocated resources at the centre but left the details to provinces. … Read more

View: More than life support, industry needs large-scale investment to get out of Covid rut

photo

A major plank of the government’s pandemic support to industry has been the Rs 3 lakh crore guaranteed loans to MSMEs. As of July 15, only 22% of it has been disbursed. Unless the loan terms are modified, the rest of it will remain unlent. The condition restricting eligibility for guaranteed credit to 20% of … Read more

View: Covid-19 mitigation must be planned to minimise collateral damage – The Economic Times

photo

The effects of Covid-19 are highly skewed across age groups: the aged are the most vulnerable; children and youth are the least. The effects of lockdowns are also skewed: the aged and the retired are the least affected; nonelderly adults, youth and children are the most. Lockdown will not affect the incomes of the aged … Read more

Overall recovery in economy may take 2-3 years; more fiscal support needed: Munjal

photo

Pitching for more fiscal support to revive the economy, Hero Enterprises Chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery. “The overall recovery in the economy will take between 2-3 years. But, we will see sectors come up … Read more