The government's new restrictions on these firms will hurt both consumers and, in the long run, the industry itself. It is bad economics.
Anupam Manur
Tariffs and other protectionist measures from the US have injected bitterness into its relationship with many countries and India is no exception to this.
This budget does nothing to address the biggest problem that this country faces.
This is Part 6 of our series, 2017 in Review, and focuses on macroeconomic trends.
Bad economic ideas refuse to die and the past year was witness to a good many of them.
The amendments to the Karnataka Private Medical Establishments Act hurt both doctors and patients, especially the poor ones.
The Indira Canteens will do nothing for the poor, will hurt legitimate businesses, and will be a waste of resources.
Price caps always lead to shortages. Fixing the price of stents will harm both patients and manufacturers.
Reform Idea: Remove the Statutory Liquidity Ratio (SLR) requirement for commercial banks.
In the absence of MRP, retailers will compete against each other to lower the prices at which they sell to the consumer. It will give the retailers the economic freedom to price their products according to their unique costs they face and larger consumer strategy.