Articles
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Trade Reform: Regulatory and Policy Scenario since 2004
NewsYaps, April 23, 2014
By Pradeep S Mehta
There is a need
to adopt a more inclusive trade policy by taking into
account investment concerns and other major objectives of
the National Manufacturing Policy of India, producer and
consumer welfare, and other socio-economic objectives of
India’s development. That would help the Foreign Trade
Policy of India to better achieve its major objectives of
export promotion as well as employment generation..
More...
How not to contain the fiscal deficit
The Hindu
Business Line, April 08, 2014
By Pradeep S Mehta
The UPA has
played around with numbers. This makes fiscal
consolidation a daunting task for the new government. The
government has time and again shown its proficiency in
accounting sleight of hand, when it comes to containing
the fiscal deficit. It has painted a façade of a healthy
fiscal situation, thereby hiding the structural cracks in
budgetary and planning processes. Clearly, the next
government will have a tough time in bringing down the
deficit, a root cause for several of our problems.
More...
Why cross-border trade between Rajasthan and Sind?
The Financial
Express, Bangladesh, April 05, 2014
By Pradeep S Mehta
Cross-border
trade between India and Pakistan through the land route
has picked up steam after the recent détente. However,
much of the same is happening between Pakistan's West and
India's East Punjab through the Wagah-Attari border and
between the two parts of Kashmir. What is absent is the
possibility of trading between Rajasthan and Sind. In the
first two decades of independence in 1947, bilateral trade
between India and Pakistan was very frequent. According to
estimates, out of the total trade between the two
countries, 70 per cent of India's imports from Pakistan
and 40 per cent of India's exports to Pakistan were
channelised through land routes. The trade volumes were
significantly high. The reason is simple. Cross-border
trade was at full pace before the 1965 hostilities, but it
slowed down since then, until trade resumed recently.
More...
The road to true federalism
Business Standard, April 03, 2014
By Pradeep S Mehta
It is one of the
happy incidents of the federal system that a single
courageous state may, if its citizens choose, serve as a
laboratory, and try novel social and economic experiments
without risk to the rest of the country," said Justice
Louis D Brandeis, Associate Justice on the Supreme Court
of the US, in 1932. This view forms the basis of the new
federalism philosophy in the US that advocated restoration
of some of the autonomy and powers to the states , which
they lost to the federal government, as a consequence of
the New Deal. A key determinant of the role of the states
in a federal polity is their participation in the
formulation and implementation of critical economic plans.
A central plan body usually indicates a stronger role for
the central government and vice versa. It is unable to
handle the differences among the states in a clear manner.
More...
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See Also
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