The Centre should privatise all public sector banks (PSBs), except the State Bank of India (SBI). This is because private banks have emerged as a credible alternative to PSBs with substantial market share. Also, government ownership hinders the ability of the Reserve Bank of India (RBI) to regulate the sector, according to a report by the National Council of Applied Economic Research (NCAER).
Columbia University, where Panagariya teaches Indian political economy, refused to give any further extension.
Interview with Arvind Panagariya, Jagdish Bhagwati Professor of Indian Political Economy at Columbia University.
For his distinguished academic accomplishments, Arvind Panagariya was among the Indian Americans awarded with the Padma Bhushan by the Government of India this Republic Day. Arthur J Pais spoke to the economist about his amazing life story --from improverished childhood in Jaipur to the hallowed portals of Columbia University in New York.
Trade unions have called for a nation-wide strike on September 2.
"I'm taking a minute to respond... I do respect Raghuram Rajan as a great scholar who chose to be in the central bank in India at a time when the Indian economy was all buoyant," Sitharaman said during the lecture organised by the Deepak and Neera Raj Centre on Indian Economic Policies of the Columbia University.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Noted economist Arvind Panagariya says India is an emerging power. With liberalisation, Indian entrepreneurs have emerged and they are top class.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
The demographics favour India, as it is a relatively young country with more working people than anywhere else
Will India really beat China in future or if not beat, can it at least catch up with it? We asked common people to speak on the issue and came across some interesting viewpoints.
The government has retained Arvind Subramanian as its chief economic advisor, unlike other American professors Dr Raghuram Rajan and Arvind Panagariya, who quit their jobs as RBI governor and NITI deputy chairman respectively.
Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy.
The proposed bullet train will run between Mumbai and Ahmedabad.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Arvind Panagariya's recent book, though remarkable, has been one-sided in some respects.
India is capable of achieving and sustaining double-digit growth in the coming years if labour reforms are carried out to shift workforce from agriculture to the industry, eminent economist Arvind Panagariya said on Friday.
The days of anti-reform, anti-growth advisers that undermined our economy in the UPA-II years will now be strictly behind us: Bhagwati
The 'poor' also own TVs and two-wheelers and no discussion of poverty is complete unless it acknowledges this.
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
Chief Economic Advisor (CEA) K V Subramanian will be leaving the finance ministry and returning to academia on completion of his three-year term. The government had appointed Subramanian, an ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanian, who quit the position close to a year ahead of his extended tenure. Subramanian's three-year term would have come up for renewal in December but he decided to return to academia.
Conversion of land for non-agricultural use needs permission.
Panagariya urged the government to undertake labour law reforms and make land acquisition more flexible to attract the multinationals.
'The CoA feels that if David has declared and is not taking remuneration from India Cements, he is not in conflict'
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
The government also appointed Dr Vinod Paul, a pediatrician at the AIIMS, as a member of the NITI Aayog
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
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Prime Minister Narendra Modi has asked NITI Aayog to frame policies to propel India into the next century.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
Arvind Panagariya heads the government's main economic advisory body.
Erstwhile Planning Commission Secretary Sindhushree Khullar is believed to have been appointed as CEO of the newly formed NITI Aayog.
India has too many small companies and this is inefficient. It should instead have only a handful of very large players running its economy and these giants can then compete with the world, observes Aakar Patel.
Planning Commission had got into a big controversy on this issue.
That is what you will hear again after Nirmala Sitharaman presents a speech that will prove to be meaningless and numbers that will show themselves to be wildly off the mark, observes Aakar Patel.
Acharya emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
Bullet trains are run by state-owned agencies in France and Germany.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
India's new policy commission has received a makeover and a dream team has been formed to head the Think Tank, NITI Aayog.
Panagariya is of the view that school education and higher education need to grow together to help India face various challenges.
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