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Economic reforms' eventful journey - The Hindu BusinessLine

Economic reforms’ eventful journey
Title: India after liberalisation: An overview
Author: Bimal Jalan
Publisher: HarperCollins India
Price: ₹599×
Bimal Jalan gives a bird’s eye view of how the Indian economy and polity evolved since 1991
Having held a variety of top government positions, including that of Finance Secretary and RBI Governor, Bimal Jalan is in an uniquely privileged position to hold forth on India’s economic journey since the momentous 1991 reforms. He was very much in the thick of things when the Narasimha Rao government set about dismantling the edifice of Nehruvian socialism (or what passed off as socialism in India) and brought about the liberalisation of the economy. ....

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Act judiciously

13 Feb 2021
Photo has been used for illustrative purposes.
There is mounting dismay in India, with the very sluggish pace of vaccinations. India is offering vaccines to dozens of countries including Canada now, when only 0.5 per cent of Indians, have been vaccinated. Canada has booked vaccines with many suppliers to cover its population five times over. India has not covered it population even once. Israel has vaccinated 66 per cent of its population, the UAE 48 per cent and UK 21 per cent. Granted India is vast country, however it also has more hospitals and health workers.
In the last few years we have messed up some key policy decisions. The first was demonetisation in 2016. No black or unaccounted money was unearthed, but millions of Indians suffered. About 99.30 per cent of the outlawed currency notes were returned to the Reserve Bank. ....

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