Page 4 - Arvind Panagariya

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 ...

First Rajan, now Panagariya: Decoding the link between the two exits

It's time govt learnt from the past practice of nurturing a team of economists as economic policy advisors

Full text of Arvind Panagariya's resignation letter to PM Modi

You showed courage to appoint an outsider, the Niti Aayog vice chairman wrote to Modi

Why Arvind Panagariya couldn't become Montek Singh Ahluwalia for NDA-2

The Aayog was free to give advice to the government, but none of it was binding on it

In last few months as NITI Aayog VC, Panagariya targeted by Sangh outfits

Like Raghuram Rajan, Panagariya was equally outspoken, but only on issues within NITI Aayog's ambit

Arvind Panagariya quits as NITI Aayog vice-chairman to return to academia

Centre has successor in mind, to announce name shortly

Would have continued if Columbia had extended my leave: Arvind Panagariya

ARVIND PANAGARIYA, first vice-chairman of the NITI Aayog, replacement for the five-decade-old Planning Commission, has decided to return to academics. The noted economist in an interaction with a group of journalists. Edited excerpts:Was the decision sudden or prompted by an event?Not like that. I was in discussion with Columbia University (he's a professor there) for some months on extending my leave. They declined to do so and, at this age, I won't get a job equivalent to my existing profile there. Therefore, almost two months earlier, I requested the Prime Minister to relieve me of my responsibilities, as I wanted to go back to teaching. The PM is chairman of NITI Aayog. He urged me to reconsider. After much back and forth, I have finally decided to pursue my first love.So, not a sudden decision?Absolutely not. My leave from Columbia was coming to an end this August and despite my persuasion, the university was unwilling to extend it, leaving me no other option.Given a chance, ...

This is not jobless growth, says Arvind Panagariya

He adds, 'when 7-8% growth happens, it cannot happen that the labour market is not benefiting'

Construction sector performed particularly poorly during Q4FY17: Panagariya

Market is recognising reforms govt is undertaking, says Niti Aayog Vice-Chairman Arvind Panagariya

Won't do anything against national interest: NITI Aayog VC Panagariya

Interview with vice-chairman, NITI Aayog

Need to focus more on manufacturing sector, says Arvind Panagariya

India needs to work on both manufacturing sector and services sector, says Arvind Panagariya

Need policies to ensure farmers get better prices: Arvind Panagariya

Stress was laid on increasing agricultural productivity & wages of workers

Wrong choice of words can create big news: Arvind Panagariya

Comment came against backdrop of controversy over remarks by Debroy on taxing agricultural income

Make buildings taller in urban areas: Arvind Panagariya

Move could help address the issue of space constraints & land scarcity

Private ARC will tackle NPAs better, says Arvind Panagariya

Says, Idea of setting up a state-owned asset reconstruction company is needed to be created quickly

Demonetisation not last action against corruption: Arvind Panagariya

There will be some impact in 2016-17 fiscal because of demonetisation, Panagariya said