Call against competitive populism
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?