Page 4 - Arvind Panagariya

Take 'measured approach' on Covid-19 stimulus packages: Panagariya to govt

The former NITI Aayog Vice Chairman said that India, like nearly all other countries in the world, faced "difficult choices" against the pandemic

Slowdown has bottomed out; economy must be opened up for growth: Panagariya

He noted that since about 2003, India has been growing at an average rate of about 7% and the first five years of the Modi government was characterised by 7.5% growth on an average

Look back in anger: Why aren't economists setting down roots in India now?

The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan

Bargaining by India should not close its doors at RCEP: Arvind Panagariya

My hope remains that we bargain hard but in good faith and with the intention to eventually join the grouping, says Panagariya

Bargain hard but go for RCEP deal: Former NITI V-C Arvind Panagariya

Panagariya said there was a huge scope for India to improve medical treatment

Artificial intelligence can improve health sector, says Arvind Panagariya

Panagariya said India's health sector is still very much evolving and very informal

Govt should ease law on firing workers, reform labour laws: Panagariya

He said the government's plan to introduce a single minimum wage across the country may hurt businesses in smaller towns

Imported horsemen: In Acharya, last one also departs; is India the loser?

Amid several macroeconomic challenges today, the government might have benefited from 'Harvard' economists' advice, but, judging by past record, it might not have paid them much heed, writes T N Ninan

Trade war an opportunity for India to attract multinationals: Panagariya

Panagariya called for undertaking labour law and land acquisition reforms to them more flexible to attract the multinationals

Export-led growth, 8-10% GDP critical for good jobs, says Arvind Panagariya

He stressed that there is not a single country which has grown on a sustained basis at rates of 8-10% for 2-3 decades without very rapid growth in trade

Govt must ensure fiscal consolidation, privatisation of PSUs: Panagariya

The economist further suggested reducing the number of central ministries to improve governance

'UBI fashionable but misguided recommendation,' says Arvind Panagariya

Arvind Panagariya believes the Congress' promise of NYAY will seriously damage fiscal consolidation, and large subsidies will have to be cut

Arvind Panagariya bats for better deals with US on trade front

Panagariya said India should keep its market open and the recent tariff hike on various items was not a good idea

Panagariya to assemble experts for substantive economic policy analyses

Panagariya says the aim is to enable "more serious economic policy analyses on topics such as international trade policy, financial sector reforms, poverty, employment and health among other

Tariff wars have put global trade at serious risk, says Panagariya

Panagariya praised the Indian government for not imposing retaliatory tariff on US products as it could impose bigger injury on the nation

Panagariya makes a strong case for privatisation of PSBs, excluding SBI

On protest by farmers across the India, he favoured cash transfers to rural BPL households in times of crop failures via Aadhaar-linked bank accounts

No job threat from automation, says Arvind Panagariya

Top Indian economist Arvind Panagariya has told the United Nations that the world export market worth nearly USD 22 trillion is extremely large to have any adverse impact of protectionism. In a keynote address yesterday to the Second Committee of the UN General Assembly, Panagariya, 65, also played down the fears that automation would kill jobs. Panagariya, who stepped down as the NITI Ayog vice chairman recently, is now back in the US as Professor of Economics and Jagdish Bhagwati Professor of Indian Political Economy at Columbia University. "My own personal view on this (automation) is that we often overstate, because we can see what jobs automation we destroy. But we cannot see what jobs automation will actually create," he said, arguing that never in the history technological advancement has actually ended up cutting jobs. "It has made us all get busier and busier and where automation is the most, in industrialised countries, people are busier," he said and added:

Sick PSUs' closure has gone 'very well'; expedite privatisation: Panagariya

The govt has budgeted to raise Rs 72,500 cr through stake sale in PSUs in FY18

What dual power play? I quit because Columbia wanted me: Arvind Panagariya

Arvind Panagariya, who abruptly resigned as vice-chairman of NITI Aayog to resume teaching in the US, today said he did not know at the time of joining that his term will be co-terminus with that of the government even as he dismissed suggestions of two power centres forcing his exit.In an interview with PTI, Panagariya, 64, cited several examples of how western universities are very stringent about not extending leaves, which is what forced him to return to Columbia University at the end of the month even though the Prime Minister's Office wanted him to continue till 2019.Asked if knew of such rules why did he not make it clear to the government about his return to teaching when he was appointed the first vice chief of the policy body in 2015, he said he was not told that his term would run concurrently with the term of Prime Minister Narendra Modi."I did not know my tenure will be co-terminus with the government, how would I know? Is there a letter?" he said, adding he accepted the .

Arvind Panagariya holds meeting to take stock of bitcoin risk

Outgoing Niti Aayog Vice Chairman Arvind Panagariya today held an inter-ministerial meeting to examine risks related to virtual currencies like bitcoins.The meeting was attended by home secretary Rajiv Mehrishi and representatives from the finance ministry.The government has been debating over the issues concerning bitcoins and in May had sought public opinion on allowing virtual currencies.The circulation of virtual currencies has been a cause of concern among central bankers the world over for quite a while now. The Reserve Bank of India (RBI) also cautioned the users, holders and traders of virtual currency, including bitcoins.Earlier in March, the finance ministry had constituted an inter-disciplinary committee to take stock of the present status of virtual currencies both in India and globally and suggest measures for dealing with such currencies.Bitcoins were in news recently after a massive global ransomware attack triggered by the WannaCry virus that hit systems in over 100 ...