Amar Yumnam points to weaknesses in National policies
FM seeks advice of hand picked Economists ahead of Budget
Source: The Sangai Express
New Delhi, February 01, 2012::
Union Finance Minister Pranab Mukherjee today invited a few leading Economists of the country to his Ministry for opinions on the issues for focus in the next Union Budget given the present circumstances of the country.
Apart from Mukherjee, his Minister of State and the top officials of the Finance Ministry, including the Chief Economic Adviser to the Government of India today listened to nine Economists from around the country.
The Economists who rendered their opinions for making the Indian economy better and effectively address the major issues of the country were Surjit Bhalla, Nitin Desai, Amar Yumnam (of Manipur University), Rajiv Kumar, Sudipto Mundle Bharat Ramaswamy, Ajit Ranade, Govanda Rao and Rohini Somanathan.
Almost all of them emphasized the fundamental thrusts required today to address the domestic economic drawbacks and the global economic challenges.
Inflation, taxation, fiscal deficits, malnutrition, educational thrusts and other important policy changes need for making the economy more robust were the emphases put forth by the economists.
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While most of them looked at the issues from either the global and larger economic perspectives of India, Amar Yumnam gave a new touch to the issues raised by looking at the needed emphases in the forthcoming Budget from the perspective of the socio-economic needs of the North East and the urgency of Nation building efforts.
He also spoke about the failures of development governance in the region and the weaknesses of national policy of looking at the requirements of the region from a residual perspective rather than from a mainstreaming angle.
Amar Yumnam also dwelt on the peculiar institutional and geography issues being faced in the region and asked for immediate appreciation of these.
After listening to the nine Economists Pranab Mukherjee appreciated the valuable inputs from them while at the same time appealing to them to kindly understand that good economic policies are sometimes very difficult to implement because of the coalition nature of the Government.