It's imperative for the govt to reassure investors: Montek Ahluwalia
PM's new vigour should revive investment - but may not return India to nine per cent growth.
The RBI's big decision is not how much to ease but whether to monetise the fiscal deficit.
International economic diplomacy will be a major focus for the new government.
Planning Commission Deputy Chairman Montek Ahluwalia on Tuesday ruled out any more stimulus package for industry as the Budget has given a substantial boost to the slowing economy.
The luncheon at his residence was attended by Planning Commission Deputy Chairman Montek Ahluwalia, Chairman of PM's Economic Advisory Council C Rangarajan, former RBI Governor Bimal Jalan, Foreign Secretary Shiv Shanker Menon and officials of the Prime Minister's Office.
Even if you raise the poverty line as much as the Expert Group does, it turns out just 11 per cent of Indians are poor, not 37 per cent -- that's a huge poverty of estimation.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
'We are witnessing a spectacle of breathtakingly creative diplomacy at work, riveted on the firm foundations of the country's strategic autonomy,' says Ambassador M K Bhadrakumar.
Only reforms that accelerate economic growth can generate the revenues to finance expenditure on social infrastructure for the poor, not the other way round, insists Jagdish Bhagwati.
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