The Central government has appointed noted economist and well-known advocate of free markets, Arvind Panagariya, as the chairman of the 16th Finance Commission. While it is important to ensure that each citizen gets financial support from the Central government, another argument is that any further increase would serve as a disincentive to state governments in taking sound financial decisions. Currently, …
New Delhi: 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. While an advanced estimate by the Ministry of Statistics & Programme Implementation places India's GDP growth …
After Congress President Rahul Gandhi proposed his new freebie scheme Nyuntam Aay Yojana, economists around the world have expressed their skepticism over the fiscal prudence of the scheme. Arvind Panagariya, a noted Economist and former Vice-Chairman of NITI Aayog, has viewed that the promise of the Congress party to implement a minimum income guarantee scheme would be “almost impossible”. Panagariya …
Arvind Panagariya said the scheme is difficult to implement and unlikely to achieve its intended objective New Delhi: Former NITI Aayog vice chairman Arvind Panagariya has said the implementation of the Congress Party’s ambitious Nyay scheme not only poses a “fiscal challenge” to India’s economy but also has a “serious incentive problem”. Congress President Rahul Gandhi on 26 March said …
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