Basu welcomes state autonomy in FDI in retail

Strongly advocating FDI in multi-brand retail in India, World Bank Chief Economist Kaushik Basu today welcomed the decision to allow states to take a call on it.

India needs professional blueprint to combat corruption: Basu

Chief Economic Advisor Kaushik Basu on Tuesday said the country needs to draw a professional blueprint to deal with corruption.

Fitch's downgrade action is herd mentality, says Basu

Chief Economic Advisor Kaushik Basu Monday said Fitch downgrading India's credit rating outlook to negative was "herd mentality" and noted the revision was on expected lines.

Pranab will be a wonderful President: Basu

Chief Economic Advisor Kaushik Basu said Pranab would be a "wonderful" President.

Reforms or populism? UPA must take a call

While the supporters of reforms believe that market-driven policies will bring prosperity, the other group thinks that the state's paternalism through doles and subsidies will ensure an inclusive development.

Government has decided on no more reforms: BJP

BJP said the govt seems to have decided against any more reforms as the chief economic advisor had said reforms were not possible till 2014 polls.

Need to fight corruption intelligently: Basu

Chief Economic Advisor Kaushik Basu said any witch-hunt could impact the genuine decision-making process in the government.

Bengal slipped down over last 30-odd years: Basu

Chief economic advisor Kaushik Basu said driving away industry and capital would not help in generating growth and development.

RBI `text-bookish` to control inflation: Basu

Chief Economic Adviser to the
F Min Kaushik Basu on Saturday said the RBI
followed conventional methods of raising interest rates to
tame inflation

India growth to overtake China: Kaushik Basu

India`s growth rate is poised to overtake China`s within two to three years, despite a near-term slowdown, India`s chief economic adviser Kaushik Basu said on Monday.