Friday, February 20, 2015


RESOURCES  Week Feb 2- updated Feb 21

The Sacred Space



Productivity, the sum of our ignorance?

R Venkatesan

From Robert Solow’s time to this day, its origins have not been fully understood. Yet, policies do make a difference »
Economic content (what the government intends to do) and management content (how does it do) become important factors to be analysed, simultaneously. “Economic Content” should be in tune with the emerging trends in economics to be relevant ; “Management Content” as reflected in micro-economic policies must reinforce the macroeconomic policy of stabilisation of the economy in the short run while fostering a climate for maximum economic growth over the long run.
This takes us back to the pioneering work of Robert Solow, who won Nobel Prize in economics in 1987 for his path-breaking model of economic growth.
Given the above scenario, economic content of ‘Make in India’ has a high relevance. Are the microeconomic policies in place or being conceived to achieve the above objective? Do they factor in expectations of Indian corporate sector as reflected in pre-budget CII survey? Can Indian corporate managerial and organisational innovations realise the emerging environmental opportunities?
We await answers from the forthcoming government economic policy documents.

Commoner’s Impression:
Not to bother or much worry but leave  aside for the nonce our policy makers, and like species, lined on one side,  in today’s context, perhaps, economists is the most puzzled class of all; back or forth, hither or thither, , up or down ! - left clueless , know not which way to turn or take a bold step forward in identifying and suggesting reforms, to ideally fit into the constantly changing scenario? Of course, the show has to go on anyway.

Make in India: Ball lies in govt’s court

Committee to Suggest Monitoring Measures for CSR

An overview of CSR Rules under Companies Act, 2013 ...

The MCA provides clarity on Corporate Social ... - KPMG

Draft Rules under the Companies Act; CSR



States tightening tax rules for e-tailers

Fiscal and social balance can go together

Treat NBFCs on par with banks on tax treatment: says Kanoria

By Michael Snyder of The Economic Collapse

Exempt NBFCs from TDS on interest payment to assets ...


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