Page 3 - Latest Updates on Macroeconomics
Recovery tracker: Power generation up to 3-week high, mobility spikes
The power generation recovered sharply week on week basis as a lull in monsoon rains raised temperatures across the country
 "Recovery tracker: Power generation up to 3-week high, mobility spikes")
Sitharaman as FM: Some positive surprises, a few works in progress
Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan
FM Nirmala Sitharaman says macroeconomic fundamentals are sound
The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said
 "FM Nirmala Sitharaman says macroeconomic fundamentals are sound")
Peering into 2021
Macroeconomics in 2021 will turn on consumer demand and firm resolution
 "Peering into 2021")
Macroeconomics needs to focus on managing abundance and not scarcity
Macroeconomic theory has to be constructed around this now, not the old Keynesian identity which took deficiency as its starting point
The irony of microeconomics: Excess supply and a study of scarcities
How has economics built the excess supply of land, labour, capital and product into its formal analytical structure which, even now, is predicated on the study of scarcities? The answer is, it hasn't
It's a mystery why economists persist with imperfect methods of economics
The most important part of economics is its method. In the first of a three-part series of columns, T C A Srinivasa Raghavan looks at how it is going about its business now as opposed to the past
 "It's a mystery why economists persist with imperfect methods of economics")
Macro backdrop calls for status quo on rates
The MPC in all likelihood would keep the repo rate unchanged at 4 per cent, extending the pause from its August and October meetings and reiterating the accommodative stance
 "Macro backdrop calls for status quo on rates")
Severe shock to consumption, economy will take longer to recover: RBI
"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank
 "Severe shock to consumption, economy will take longer to recover: RBI")
Rollback time: What didn't work for govts earlier will not work even now
Long discarded policies like deficit monetisation, loan restructuring, higher tariffs and import licensing had not yielded great results even the first time around, points out T N Ninan
Weekly economic indicators: Flat traffic growth signals moderating recovery
Pollution levels too remain low in Mumbai and Delhi over limited activity
 "Weekly economic indicators: Flat traffic growth signals moderating recovery")
India's policy uncertainty at 81-month high as index rises 4 months on trot
The last time index was this high was in August 2013 as country dealt with so-called taper tantrum. At the time, US Fed had begun reducing amount of money it made available for easy borrowing
 "India's policy uncertainty at 81-month high as index rises 4 months on trot")
Best of BS Opinion: Climate change, structural reforms in tax rate, more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Climate change, structural reforms in tax rate, more")
What can macro policy do?
Long-term structural reforms are required, such as a uniform GST and direct tax rates
 "What can macro policy do?")
RBI Guv calls for structural reforms and fiscal measures to boost growth
The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.
 "RBI Guv calls for structural reforms and fiscal measures to boost growth")
Is South Asia ready for take off?
To ensure the region's growth path remains strong and sustainable, new policies and initiatives need to remain mindful of fiscal, financial and environmental risks
 "Is South Asia ready for take off?")
Do the winners of 2019 economics Nobel focus too much on micro welfare?
Immigration and growth would help more than addressing the winners' 'manageable questions.'
 "Do the winners of 2019 economics Nobel focus too much on micro welfare?")
A step for the high growth strategy
Watch for the reward-to-risk ratio faced by private persons
 "A step for the high growth strategy")
Dream targets: Modi govt needs to show greater purpose to meet macro goals
Targets like $5-trn GDP and 100% export growth by 2025, besides doubling of farm income and increasing the share of manufacturing in GDP to 25% by 2022, might prove a tall order, writes T N Ninan
Policy uncertainty
Businesses avoid environment of policy instability
 "Policy uncertainty")
