The Indian Economy: Policies, Practices and Heresies

Cover
The Indian Economy Plicies, Practies and Heresies
Copyright
Contents
Preface
From Dreamers to Copiers
	Priorities Messed Up
	Touting the New Approach
	Spontaneous Outbursts
	A Leaking Pitcher
	The Gandhian Plan
	The Roy Plan
	Regionalisation
	A Blueprint for Progress
	Income and Savings
	Holding Consumption
	The Pied Piper
	One Common Stock
	\'Jobless Growth\'
Agriculture-It Still Makes and Breaks
	The Prime Mover
	Watershed Developments
	Growing Polarisation
	A Maze of Figures
	More Labour
	Needle in a Haystack
	When the Gamble Fails
	Terms of Trade
	Welcome Development
	No Match
	Direct payment
	Insurance Schemes
	Fared Poorly
	No Alternative
	Credit Cards
	Spreading the Tentacles
	The Old Game
	De-Industrialisation
	Opening Up Farm Trade
	Genes in Use
	Organic Foods
	Farmers\' Sons, Grandsons
	Middlemen
Two Cheers for Savings
	Not the Best Audience
	A Moral
	The Oil Magic
	Tax-Driven Savings
	Quality of Savings
	The Peeling off
	The New Catchword
	Bills Passed on
	Pools of Savings
Traumas of Taxation
	Tax Reforms
	Direct Versus Indirect Taxes
	The Fiscal Divide
	Demands of Equity
	\'Importing\' Fiscal Features
	Farm Income Tax
	Clearly Unbalanced
	Clearly Overused
	Zero-Tax Companies
	Impulse, Motivation, Message
	The First Tax Cut
Deficit Financing-Anyone For a New Ball Game?
	The US Instance
		IMF Firmans
		If There Were No Deficit Financing
	Some Extra Funds
	Success only Counts
		Chalta Hai Attitude
	Deficits, Debts, Dangers
		The Alternatives
	Living Dangerously
	Who will Pull Up a Government?
		Lakshman Rekha
	Additions Okay, Why not Subtractions?
	When Other Parameters are Brought In
	What Happened in Those Years?
	A Broadened View
	Key Factor: The Time Gap
	The Big Picture
Where dose all the Money go?
	Three Board Heads of Spending
	Idustry, Flavour of the Day
	A Kind of Resistance
	Personal Fiefdom
	the Under-Production Game
	Non-Development Expenditure
		Capital-Output Ratio
	Delayed Projects
	Delaying Factors
	Cost Overruns
	Technical Problems
	The Defence Factor
	Defence Imports
	Other Views
To Market, To Market
	Market Signals
		Dengers of an Open Market
	Goliath of a Brand
		An Innovator
	Road to Success
	Taste of Competition
	Toddler\'s Wobbles
	Gauging a Market\'s Need
	Consumption Patterns
		Inelastic Demand
	Excise Duty Factor
	A False Glow
	\'Honorary Tax Gatherers\'
	Stagflation
	more Flexible
Could Nothing be Done?-I
	Fighting Corruption, Blank Mpney
		Secret Funds
		Black Money Discount in Tax
	Deficit Financing-or Deficit in Financing Ingenuity?
		Projects, Funds Outline in Budget
		Good House-Keeping
	Checking Project Delays
	Capacity Utilisation and Underutilisation
		Creating a Brand Image
	Unfixing Public Sector Fixation-or is it Private Sector Fixation?
		Wide off the Mark
		Shroff Committee
		Family Silver
		Magic Formula
	Family Planning: Time for Reorientation
		Several Updates
		Three Tbrust Areas
		The Bimraru States
		Not Made Target-Specific
		Nothing Special for Laggards
		Lacks Demographic Perspective
		Good and Bad NGO\'s
		Farmers Suffer Most
		Twist Comes at the Tail
		Hand in Glove
		Consumer Movement
		Consumer Protection Act
		Government as Trader
		Trade, the All-important Bridge
	Direct and Indirect Taxes: Need for a Better Balance
		Tax farm Income above a Minimum
		Fiscal Beasts of Burden
	Community\'s Accountability for Neighbour\' Woes
Could Nothig be Done?-II
	Agriculture: A Neglected Lifeline
		A Support System
		Corporate Farming
		Indian Price Set Remotely
		Local Area Network
		Adding Value Locally
		Succes in Milk Marketing
		Credit Availability-Ultimate Factor
		A Bible on Farm Inputs
		Optimum Matchinng of Inputs
		Assembly Line in Rural Areas
		Crop Insurance-the Best that Could Happen
		A Bignning Made
	Zero-based Pricing and Inflation Indexing of Interest Rates
		A Random Check of Price Histories
		Gain from Inflation
		Different Rates for Different People
	Policy on Savings: Clearing the Muddle
		Redeemable Bond for Savers
	Labour Pains
		Wanted: Special Skill
		For Meaningful Reforms
	Employment Budget
		Job Losses and Gain in Budget
		The Accumulating Dregs
	Consumption Policy
		Consumption Poverty, Per Capita        Income
		Dealing at Both Macro and Micro Ends
		TVs Everywhere, Not Drinking Water
	Absence of Entrepreneurial Dynamics
		A Look at New Enrtrepreneurs
		Tiny Sector Fares Worst
		Odds Facing New Enterprise
		\'Rights of Admission Reserved\'
Changes in \'changes\'
	Churning of Values
		Poverty Line and Calories
	Big Industries, Big Industrialists
	Political Chessboard
	The New India
	Basic Question
		Focus on Self-government
	Track Records
	A Wild Lust for Money
	March of Consumerism
		Gone are the Crude Ways
		Alibi for Ignorance
Index