Economists Abhijit Banerjee, Esther Duflo to call on PM Modi shortly

Though critical of the Modi govt’s move to cut the corporation tax rate, Banerjee has praised several of its welfare schemes for the poor

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Current affairs: Abhijit Banerjee and Esther Duflo, this year’s Economics Nobel laureates, are meeting Prime Minister Narendra Modi on Tuesday morning. Banerjee and Duflo have been in India for the past few days to promote their book Good Economics for Hard Time’s: Better Answers to Our Biggest Problems.
A professor at the US’ Massachusetts Institute of Technology (MIT), Banerjee said in his recent interviews that a cut in corporation tax rate might not boost demand. He has been advocating increasing the tax on the rich and making cash available for the poor to improve consumption at the time of an economic slowdown.
Some politicians in the current dispensation have been critical of Banerjee. Recently, Commerce Minister Piyush Goyal said Banerjee had a Left-leaning mindset and that his views had…read more

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