'Previously, contributing only 25 per cent of material costs, states now face burdens of 40 per cent to 100 per cent of total costs, ensuring poorer states will curb project approvals, directly stifling work demand.'
IMF is plagued by the dominance of the US on account of its veto power and the lack of representation of all partakers in the society, he said.
Nobel Laureate and economist Joseph E Stiglitz said on Thursday that the major impediment for India to sustain its high economic growth is lack of infrastructure and wrong regulations.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
The Indian government could consider controls to curb excessive fund inflows into the country, a world-renowned economist has said.
He believes that it leads to conflict of interest.
Presenting the Union Budget for 2013-14 in Parliament, Finance Minister P Chidambaram also quoted his favourite poet Tiruvalluvar towards the end of his Budget speech after referring to Stiglitz in the beginning.
Investor confidence, in general, in the world is weak and that has spilled over in India.
As the fight reaches its crescendo with the big election day just a few hours away, many political observers billed the unpredictable race for the 47th President of the US as the most consequential one in decades while appearing to project a grim picture for the country's future under a Trump presidency.
The Aam Aadmi Party's decision to disallow foreign direct investment (FDI) in Delhi's retail sector has a taker of sorts in economics Nobel laureate Joseph Stiglitz.
Joseph Stiglitz says India should not bothered on inflation and instead focus on rapid growth.
Nobel Prize winner in economics in 2001, Stiglitz, who was delivering a lecture in the Indian Statistical Institute in Kolkata, said that a government needed to play an important role 'in any economy correcting pervasive market failures'.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
Nobel Laureate Joseph E Stiglitz had predicted the global financial crisis and talked about its impact on emerging economies like India and China three years ago. In an interview with Business Standard at his Manhattan residence, Stiglitz says the crisis will last a couple of years.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
Even as Reserve Bank has charted a five-year road map to attain fuller float of rupee, noted economist and Nobel laureate Joseph Stiglitz on Thursday favoured a cautious approach to capital account convertibility.
Even though present times were fraught with challenges, there is still inherent, vast and untapped opportunity in India, concludes the 10th India Business Conference at Columbia Business School.
Many experts, including Nobel laureate Joseph Stiglitz, also suggested that industrial groups should not be allowed to do banking business.
In a recent Facebook interaction, Andrew Michael Spence, who got the Nobel Prize in Economics in 2001 with Joseph Stiglitz and George Akerlof, said India had suffered self-inflicted wounds to lower investor confidence.
A 360-degree view of the man, his family and his pioneering work on education.
A 360-degree view of the man, his family and his pioneering work on education.
There is a persuasive case to be made that India's banking sector needs to be more open; but aspects of the recent decision to award more licences are, none the less, disquieting.
Experts say herd immunity is said to have been developed in a population segment if at least 50-60 per cent of those are found to have the presence of antibodies in a sero-prevalence survey.
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
The winner of the 2001 Nobel Prize for Economics says recovery could be difficult if the crisis in Egypt spreads to the entire region.
Economics Nobel Laureates Amartya Sen and Joseph Stiglitz have been handpicked by French President Nicolas Sarkozy to advise France on the way in which it calculates its growth.
Amartya Sen will be an advisor the French government, while American Joseph Stiglitz will be chairman of the committee of experts appointed to oversee the reform process.
This is clearly the worst financial problem we've had since the Great Depression," as Joseph Stiglitz told a radio show in New Zealand on Wednesday morning.
One of the implications of rising interest rates that deserves more attention than it gets in the current discourse is that of deteriorating credit quality.
French economist Jean Tirole won the 2014 economics Nobel Prize for his analysis of market power and regulation, the RoyalSwedishAcademy of Sciences said on Monday.
Pinarayi is exploring the potentials of 'socialism with Indian characteristics'. The next five years under Pinarayi's watch will be a transformative period for Kerala's development, observes M K Bhadrakumar.
What's hot? What's not? What's next? C P Gurnani shares his highlights of the World Economic Forum Annual Summit in Davos.
'Trump's anti-trade, anti-immigrant rhetoric reminds me of Chinese history,' says A V Rajawade.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
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