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Ashima Goyal, professor IGIDR, Mumbai, is widely published in institutional and open economy macroeconomics, international finance and governance and has participated in research projects with ADB, DEA, GDN, RBI, UN ESCAP and WB. She is co-editor of a Routledge journal in Macroeconomics and International Finance, has received many fellowships, national and international awards, is active in the Indian public debate, and has served on several boards and policy committees. She has been a visiting fellow at the Economic Growth Centre, Yale University, USA, and a Fulbright Senior Research Fellow at Claremont Graduate University, USA.

Resource transfers to States should also be tied to incentives, as suggested by recent Finance Commissions, to improve their performance. Unconditional transfers, or debt write-offs as urged by West Bengal, are best avoided. »
Statistics can abet illusions, unless properly understood and used. The debates on poverty line and budget deficits reflect a lack of understanding of the meaning and purpose of these measures. »
Banking practices that triggered the 2008 financial crisis are more a feature of advanced economies than Moody's or the IMF would have us believe. »
Creating more productive jobs and raising real minimum wages are important for social equity. But a precondition for all this would be raising agricultural productivity. »
The Budget can take advantage of the opportunities arising out of years of decent growth. It can define inclusive growth in a productive sense and select expenditures that deliver the biggest impact for every rupee spent. »
No central bank can let its currency be affected by short-term capital volatility. »
Despite India's high savings to GDP ratio, every effort is made to attract foreign capital. There is obviously a problem of financial intermediation of domestic savings. »
A universal tax is a better bet to regulate financial excesses than merely ramping up capital of banks. The November G-20 meet must focus on the former. »
There were fears the Anna Hazare movement would vitiate the stature of Parliament. Instead, the Government and Team Anna gave up their extreme positions on the Lokpal Bill. And Parliament acted with dignity in bending to people's demands. »
Monetary policy is moving rather too fast on the inflation front, while government action on the supply side continues to be glacial. The RBI did wait for supply-side improvements before reverting to its historical sharp tightening. »
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