Montek Singh, D Subbarao were participating in a webinar hosted by Bhavan's SP Jain Institute of Management Research
Both have practical understanding of the Indian economy
C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription
An absorbing account of India's economic policies over the last 40 years
'Gradualism is something that is not going to be done instantly but spread over a period of time with phased transition', said Ahluwalia
The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan
Montek Singh Ahluwalia's book should be read by those who want to understand the past and those responsible for planning our future, says Nitin Desai
Ahluwalia says he told Singh, who was then on a visit to the US, that he did not think a resignation on this issue was appropriate
He asserts that there is an urgent need to create an environment of social harmony
Asked for his assessment of Manmohan Singh as PM, Ahluwalia said the view he was weak and vacillating was unfair
"The (PNB) fraud by itself cannot be an argument for privatisation. We have seen frauds in even the most sophisticated private banking systems in the West"
Indian economy for the last several years has been second only to China in terms of its growth rate, he said
Speaking about digitisation, he said it is not only increasing productivity but also leading to disruption of the existing business model
India's current foreign exchange reserves stand at a record of over $360 billion, according to the RBI
With reference to Karan Thapar's interview of Montek Singh Ahluwalia, "Retro amendments to I-T Act regrettable" (March 7), the view of the erstwhile Planning Commission deputy chairman on the goods and services tax (GST) will likely help in the passing of the GST Bill in the Rajya Sabha. Although Ahluwalia held the post during the regime of the United Progressive Alliance, he is regarded as a competent economist by people and political parties in general.Ahluwalia said that if the GST Bill, Bankruptcy Bill and Real Estate Bill were not passed, that would have a "slowing-down impact on the economy". With regard to putting a cap on the GST rate in the Constitution, he said "we don't normally put rates in the Constitution" and doing that "may not be necessary".In the interest of boosting growth, he is in favour of getting the aforementioned Bills passed in the Rajya Sabha. Reasonable members of the Opposition should take this piece of advice and cooperate with the government in passing th