Call against com­pet­i­tive pop­ulism

The Hindu Business Line - - FRONT PAGE -

Com­pet­i­tive pop­ulism among po­lit­i­cal par­ties and of­fers of loan waivers and free power in the run-up to elec­tions are tem­po­rary so­lu­tions that do not ad­dress the need for struc­tural changes to sus­tain­ably de­velop in­comes in the coun­try, said VicePres­i­dent Venkaiah Naidu on Sun­day. De­liv­er­ing the Chief Guest ad­dress at The Hud­dle, a thought con­clave or­gan­ised here by The Hindu, he said: “Loan waivers are tem­po­rary so­lu­tions. Farm­ers need credit ev­ery sea­son.” Pop­ulist mea­sures may have short-term po­lit­i­cal gains, but lead to long-term eco­nomic prob­lems as they are “un­pro­duc­tive”, he said.

The Hud­dle cov­er­age


Af­ter cool­ing off last year due to a slow­down in the Chi­nese econ­omy, lead prices have started inch­ing up again, thanks mostly to a sup­ply short­age. Where are the metal’s prices headed in 2019?

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