Uttam Gupta

The myth around joblessness

Monday, 16 Jul 2018 | Uttam Gupta | in Oped

Contrary to popular belief, the Modi Government has not failed to deliver on job creation. It’s just that we need to get reconciled to the idea of self-employment Prime Minister Modi (allegedly) failed on his pledge to create around 20 million jobs annually. To demonstrate the point, critics have often point...

Achieving self-reliance in oil and gas

Wednesday, 30 May 2018 | Uttam Gupta | in Oped

For fresh exploration efforts — in both conventional and unconventional hydrocarbons — the emerging policy and regulatory environment is conducive. However, Team Modi needs to walk an extra mile to reduce regulatory hurdles for existing operators under production sharing contracts A hike in the price of crude oil (courtesy, the US’s...

Has Government run out of options?

Monday, 14 May 2018 | Uttam Gupta | in Oped

GST Council — the all powerful body that considers changes in the tax structure/rate — should consider inclusion of oil and gas products in the GST, putting them under the 18 per cent slab with the aim of eventually shifting them to the 12 per cent slab Some time back, three...

Fledgling fertiliser reforms

Tuesday, 17 Apr 2018 | Uttam Gupta | in Oped

Successive Governments have lamented an increase in fertiliser subsidy and its destabilising effect on the fiscal situation. Yet, they have failed to address the real issue The price of domestic gas has been increased from the existing $ 2.89 per million British thermal unit (mmBtu) on net calorific value basis...

Another empty promise to farmers?

Monday, 19 Mar 2018 | Uttam Gupta | in Oped

The Government’s commitment to ensure a MSP for crops that is equal to 1.5 times the cost of production is much ado about nothing. Interests of farmers are well protected under the existing mechanism of fixing MSP. The need is to focus on ensuring that they get it on ground...

Public stockholding is a priority issue

Wednesday, 21 Feb 2018 | Uttam Gupta | in Oped

India's current aggregate measurement support must not lull us into a state of complacency as the scenario may change, putting us in a vulnerable zone. Hence, the focus has to be on changing the rules of the game to make them fair and equitable The 11th World Trade Organisation (WTO) ministerial...

Band-aid solutions won't work

Tuesday, 05 Dec 2017 | Uttam Gupta | in Oped

The cost of supplying fertilisers has increased due to a hike in cost of feedstock/raw materials, rupee depreciation, capital cost, transport and so on The Cabinet Committee on Economic Affairs (CCEA) has accorded the ex-post facto approval for special banking arrangement (SBA) for Rs 10,000 crore for payment of outstanding claims...

RBI obsession with inflation hindering recovery

Friday, 03 Nov 2017 | Uttam Gupta | in Oped

The Reserve Bank of India has yet again cautioned the Government against excessive public expenditure as it could lead to fiscal consolidation and prove to be inflationary In its fourth bi-monthly monetary policy review for the current year (announced on October 4), the Reserve Bank of India (RBI) has kept the...

Bring transparency to drug pricing

Friday, 06 Oct 2017 | Uttam Gupta | in Oped

Problems in the pharma sector must be tackled right at the source. Pharma multinational corporations must instill confidence about the veracity of their cost figures — whether low or high According to a recent study published in the Journal of the American Medical Association (JAMA), it costs a company just $648...

Silencing critics of demonetisation

Friday, 22 Sep 2017 | Uttam Gupta | in Oped

Perhaps critics of the Modi Government are taking a very myopic view of demonetisation. The fact remains that note ban was an extraordinary step that was never attempted before anywhere in the world and has had far reaching socio-economic ramifications The suspense is finally over with the Reserve Bank of India’s...


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