The unedifying drama over government formation in Maharashtra reminds us afresh of the moral bankruptcy of our political leaders. But as opinion page writers remind us today, there are other urgent issues that should be consuming government attention.
The government’s response to the growth slowdown shows that it is running a welfare state for the owners of capital instead of focusing on boosting labour incomes, the key problem of the Indian economy. Nitin Desai explains here why this is a flawed approach.
The bank’s industry wage pact, two years overdue, has become a bizarre performance appraisal based as it is on the paying capacity of the weakest banks, asks Tamal Bandyopadhyay here
A K Bhattacharya points out that declining tax buoyancy poses new challenges for sharing taxes with the states.
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