Chandigarh: Haryana government led by Chief Minister Manohar Lal Khattar has constituted an Economic Advisory Council (EAC) to promote industries in the state and address issues related to various issues and policies of economic development. A notification to this effect has been issued by the Industries and Commerce Department, said a government spokesman, adding the EAC will comprise membership-based advisory panel and will be headed by the Chief Minister, while various representatives of the government, industry and academia sector have also been included in the panel. The Finance Minister, Industries Minister and Chief Secretary will be the members of the EAC. apart from this, Additional Chief Secretary/ Principal Secretaries of Finance, Town and Country Planning, Power, Revenue, Excise and Taxation, Labour, Environment and Industries, MD, HSIIDC and Director, Director General, Industries and Commerce, Haryana, have been included in the panel. The spokesman said that members of the … [Read more...] about Haryana government sets up Economic Advisory Council to promote industries
Economic policy institute
Video PlayerClose FRANKFURT, Nov. 12 (Xinhua) -- A monthly survey published Tuesday by a German economic research institute showed that the economic sentiment, both for Germany and the euro zone, has risen substantially in November. The Leibniz Center for European Economic Research in Mannheim (ZEW) said that its latest survey showed the ZEW Indicator of Economic Sentiment for Germany climbed 20.7 points from the previous month to minus 2.1 points in November. The indicator has been in the negative territory since May 2019, and dipped to below minus 40 points in August, ZEW data showed. For the November survey, the indicator for the economic situation in Germany also increased slightly, up 0.6 points to minus 24.7 points. "There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November," explained ZEW President Achim Wambach. Wambach cited several positive … [Read more...] about German survey shows strong increase in economic sentiment in November
Development economics has changed a lot during the last two decades or so, mostly due to the extensive use of ‘randomised control trials’ (RCT). ‘Randomistas’ are proponents of RCTs to assess long-run economic productivity and living standards in poor countries. Three randomistas, Abhijit Banerjee, Esther Duflo and Michael Kremer, were awarded the 2019 Nobel prize in Economics for their RCT-based studies on poverty worldwide.An evolutionThe concept of RCT is quite old; instances of RCTs can be traced back in the 16th century. However, the statistical foundation of RCT was developed by British statistician Sir Ronald Fisher, about 100 years ago, mostly in the context of design of experiments.In my experience I have seen the proportion of events by the same treatment varying between 10% to 35% in different clinical trials. Is it due to unknown distribution of treatment effects, and/or other external effects such as hospital care, hospital location, etc? Thus, for … [Read more...] about The new gold standard in development economics?
It is time the new government, unencumbered by the burden of the past, initiates a wide ranging review and open debate on security issues to rectify our short-term and long-term shortcomings. It has taken some wise steps but has to go beyond this to identify the structural weakness and create systems, says Colonel (retd) Anil Athale.Security for a nation or an individual is a primordial need. To achieve any objective like economic prosperity or a rightful place in the comity of nations and maintaining independence of decision-making, national security is a precondition. The volatile regional and world environment makes it an even greater priority. The new national security advisor has recently spelt out that while India is peace-loving, it will however maintain an ‘adequate’ deterrence against likely threats. The departure from the hackneyed concept of ‘minimum deterrence’ is a welcome development. The new government seems determined to make up the depleted … [Read more...] about Why India needs a revamp of its security policy
Video PlayerClose BEIJING, Nov. 12 (Xinhua) -- The Chinese mainland's new policies to further promote economic and cultural exchanges and cooperation across the Taiwan Strait would accelerate cross-Strait integrated development, according to mainland experts. Known as the "26 measures," the new policies were unveiled by the State Council Taiwan Affairs Office and the National Development and Reform Commission on Nov. 4. The "26 measures" aim to solve practical problems of compatriots and enterprises from Taiwan, said Zhang Guanhua, deputy director of the Beijing-based Institute of Taiwan Studies under the Chinese Academy of Social Sciences, adding that measures aimed at more efficient inspection and quarantine could help agricultural products from Taiwan to expand the mainland market. The "26 measures" will advance integrated development across the Strait, and guarantee the wellbeing of Taiwan compatriots, said Sheng Jiuyuan, director of the Taiwan research center under the Shanghai … [Read more...] about Mainland’s new policies accelerate integrated development across Strait: expert