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Activities Round Up

Date : 29 Jan to 29 Jan 2013
Place : Chandigarh
Organised by : FISME

FISME- FNF organize panel discussion on Economic Freedom at Chandigarh


The Federation of Indian Micro and Small & Medium Enterprises (FISME) and Friedrich Naumann Foundation (FNF) organized a panel discussion on Economic Freedom Index of the States of India 2012 with focus on Punjab, in Chandigarh on January 29, 2013.

Dr Swaminathan S Anklesaria Aiyar, Consulting Editor, Economic Times and Fellow at Cato Institute (US) was the star speaker at the programme.

Welcoming the participants Mr. V.K. Agarwal, President FISME  said that economic freedom was the freedom of the citizens from undue interference by the government. ‘There is said to be a symbiotic relationship between freedom and prosperity which may be commented upon by the learned amongst us’, he said.

Economic Freedom of the States of India 2012 is co-published by US-based Cato Institute and Friedrich Naumann Foundation (FNF) - a German think-tank. 

The report being written by top economists of India compares 20 major states of India on parameters based on size of the government, legal structure, security of property rights, regulation of business and labour. The study has ranked Punjab 12th among various states on the Economic Freedom Index, falling from the 6th position in 2005.

“Punjab still has one of the best condition to improve its overall economic and human index despite the steep fall to the 12th place,” said Dr. Swami and author of the chapter on Punjab, while releasing the report in Chandigarh. According to his report, which has undertaken a study called ‘Why Punjab has suffered long, steady decline’ pointed out that the chief culprit for the fiscal crunch in Punjab is free power to farmers.

The report maintains that the huge power subsidy bill, fiscal crunch, tapering off of the Green Revolution, failures in agricultural marketing and inability to catch the services revolution have led to the decline in the state’s economy.

The report advocated private investment in the power sector to meet the shortage, public-private partnership (PPP) in health, education and infrastructure, improvement of administration efficiency through Right to Service Act, and a possible rise in agricultural productivity through long-term farm leases.  

Other speakers during the occasion included Padma Shri Chandra Mohan,  Raj Chengappa new Editor-in-Chief The Tribune, Prof. Surinder Shukla, Director of the ICSSR North West, Dr. Manoj Kumar Sharma among others.

Besides Chandigarh Management Association, the local programme partner associations included Industries Association of Chandigarh, Mohali Industries Association, Chamber of Chandigarh Industries and Chandigarh Industrial Fastners Association.