Five links about India from the past couple of weeks:
- Nitin Pai explains why the banana thingie was a mere storm in a teacup.
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.. - A rather uninspiring review of the GST impementation, by reading the CAG review of the… well, GST implementation.
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.. - Vivek Kaul in the Livemint analyzes credit growth in the economy, and asks who exactly is borrowing. To me, this article raises more questions than answers.
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.. - “At the Centre, the privatisation of state enterprises during the Vajpayee era is an aberration which validates the norm. The government is the largest business house and owns 339 enterprises in 2019. Leave alone the disinvestment of Air India or 23 other enterprises. In 2018, the ownership of private carrier Jet Airways is parked on the balance sheet of public sector banks. The debate is not just about government ownership but about political management. ”
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To me, a deeply depressing issue is the fact that no government in India, bar none, has taken divestment seriously, with the notable exception of the Vajpayee government. It’s been more of the same before, and more of the same after. Deep sigh.
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.. - Is democracy an end in and of itself, or is it the means to an end?
EconForEverybody 