MUDRA YOJANA- An ingenious innovation or just another political gimmick?

By Sreyashi Chakraborty The importance and potential contribution of the Micro, Small, Medium and Small Enterprises Sector, or the MSME sector as it is called, are supported by both theoretical arguments and empirical evidence. It has been recognized all over the world that MSMEs are adept in distributing national income in a more efficient and equitable…

THE NORWEGIAN REVOLUTION

By Meghna Kane Whenever one thinks of Norway, one immediately conjures up images of the Northern Lights, the Fjords, the deep lakes and the picturesque towns located on cliffs. The country has the fourth highest per capita income in the world and ranks number 1 on the HDI since 2009. Norway is also, the undisputed…

Assessment of Intra-Regional Trade in South Asia

Assessment of Intra-Regional Trade in South Asia_PDF Rahul Jaiswal, Department of Economics, Delhi School of Economics, discusses the issue of low trade integration among SAARC members in his well researched paper. “The growth of intra-regional trade has remained subdued. Even after 25 years of existence, SAARC has failed to integrate well to take advantage of…

CAC vs EIs in Air Pollution Control; International Experience

    By Daanish Padha & Shubhankar Yadav This article is a brief commentary on the common mechanisms employed for air pollution control. Part one of the article is a delineation of the properties of these mechanisms and the subsequent part two outlines the international experience of these regulatory instruments.  The instruments for Air pollution regulation…

Need for Multipronged Policy Intervention in the Rural Credit Market: Nudging the Loss Averse Poor Borrower

Policy Intervention in the Rural Credit Market_PDF Aranyak Saikia,Department of Economics, Delhi School of Economics, discusses the possibility of government intervention in improving access to institutional credit to borrowers in the rural credit market. ABSTRACT The paper explores the possibility of government intervention in improving access to institutional credit to borrowers in the rural credit market….

Policy Problem: In Conversation with Rohini Pande

By Srishti Singh, Arushi Gupta, Darshana Sunoj, Anubha Agarwal, Ujjavala Bothra, Aakriti Chowdhary and Amritanshu Patnaik Rohini Pande, Mohammed Kamal Professor of Public Policy at the Harvard John F. Kennedy School of Government, is a name that rings a note of familiarity for anyone interested in Public Policy. Her research forms the edifice of theoretical…

On Letting Go: Centralization vs Information Aggregation

By Aarushi Kalra मैं भी मुँह में ज़बान रखता हूँ  काश पूछो कि मुद्दआ क्या है   I too have in my keeping a tongue, a mouth Only if you asked what the matter is -Mirza Ghalib   Set the stage: a round table and three chairs. Enter: Minister, Economist and Bureaucrat (The words “well-meaning” stamped…

Analysis without Borders: Punjab Education Policy

By Kriti In the early 2000s, Pakistan was facing severe challenges in terms of access and quality of education. Pakistan Education Act II was passed in 2004 with increased focus on promotion of education, especially in terms of encouraging and supporting the efforts of the private sector in providing education to the poor, through public…

Calling a Spade a Shovel: Of Experiments with Prevarication

Aarushi Kalra and Naman Garg  explain why the conclusions of the latest MNREGA-bashing study may be suspect. This article featured on The Wire on the 18th of March,2017 and is being published on this blog with the consent of the authors.  The Mahatma Gandhi National Rural Employment Guarantee Act (MMNREGA) and its impact on the various…

आसानी की दुश्वारी

द्वारा सत्यम कुमार  यह विज्ञापन 10 मार्च को ‘द हिन्दू’ अखबार में प्रकाशित हुआ था।वैसे तो यह एक आम विज्ञापन ही है,जिसमें सरकार अपने द्वारा किये गए प्रगतिशील कार्यों का उल्लेख कर रही है और मीडिया के माध्यम से इसे जनता तक पहुँचाने का प्रयास कर रही है। इसे ध्यानपूर्वक पढ़ें तो इसमें दो-तीन गौर…

Will Fintech replace banks as an indispensable intermediary?

In the aftermath of demonetisation, Aakriti Chowdary writes about financial technology companies, their newly gained prominence and the road ahead for fintech companies and traditional banking services. Digitisation acquainted the world with ease, Internet made the world befriend convenience and together, the world is on its route to rendering brick and mortar obsolete. The journey…

Undecided or over-responsive?

compiled by Aarushi Kalra A whole range of metaphors have been employed to describe the indecisiveness (or over-responsiveness) of the RBI since the fateful night of November 8, 2016. Not only has this rendered the RBI as the new laughing stock in town, but has raised some very serious questions on the reputation, transparency and…