It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
News of all that transpired on and off the football field.
Come 2024 Paris Olympics, field hockey will be played on a turf that doesn't require watering, International Hockey Federation (FIH) Chief Executive Officer Thierry Weil said, in New Delhi, on Saturday.
Ezekiel Kemboi won the steeplechase gold in 2004 at Athens and in 2012 at the London Games. His brother Isaac is hoping to replicate the success at the Rio Olympics in two years' time even if it means beating the champion sibling.
Russia has been suspended from international athletics since November 2015 after the McLaren report discovered widespread doping.
The moon will turn red at the highest point of the total lunar eclipse, which starts around 1 am on the night of July 28.
Indian football was a picture of good health with a 10-man under-20 outfit's triumph over Argentina
The alleged Somali mastermind of the attack on a Kenyan mall connected with jihadists while studying in Pakistan and later fought in Afghanistan and Kashmir, according to a media report on Thursday.
Kenyan authorities are questioning a British national arrested at Nairobi airport as he tried to board a Turkish Airlines soon after an upmarket mall was besieged by militants in that country's capital.
A British woman and "two or three" Americans are thought to be among the militants who have killed at least 62 people, including three Indians, at a swanky shopping mall in Kenyan capital of Nairobi.
Within 24 hours over the weekend, two major terrorist attacks by Islamist extremists occurred in different parts of the world. In Kenya, military forces are still fighting terrorists holed up in a shopping mall in Nairobi, where nearly 60 civilians already have been killed. In Pakistan, over 80 were killed in a dual suicide bomb attack following a Sunday morning church service in the northwest city of Peshawar.
Two Indians, including an 8-year-old boy, were among 39 killed and four other community members injured in the attack by armed terrorists on an upscale mall in Nairobi in Kenya.
The Olympic silver medallist surpassed American Ashton Eaton's 9,045 total at the 2015 world championships in Beijing.
Summary of sports events and persons who made news on Wednesday
A round-up of results from the final day of the World Athletics Championships in Doha on Sunday
Images from Saturday's proceedings at the World Athletics Championships in Doha.
Images from Friday's proceedings at the World Athletics Championships, in Doha.
Semi-finalists six times. Runner-up in 2015. Rajneesh Gupta highlights important numbers for the New Zealand team from World Cups.
The 22-year-old was named in Arnold's first squad last week as the new coach looks to regenerate the team with youth after the Socceroos' group stage exit at the World Cup.
American Noah Lyles shot to 200 meters world championships gold on Tuesday, providing a bright finish to a day darkened by yet another doping scandal.
Host nation Russia beat Saudi Arabia 5-0 at the opening match of the World Cup on Thursday, exactly mirroring the scoreline of a match played on a dirt pitch in a jail in Africa thousands of miles away.
Summary of sports events and persons who made news on Monday
Out of the ten prime plots purchased by this joint venture, Delta Corp East Africa Limited (in which RIL holds 58.8 per cent stake) has completed construction of at least one low-cost residential complex
Indian football team has turned into a decent home side but it is in desperate need for away games, says inspirational skipper Sunil Chhetri, who feels the next target for the country should be a top-10 place in Asia so that the big guns invite them over.
Sunil Chhetri became the joint second highest international goal scorer among active players along with Argentine superstar Lionel Messi
Rajneesh Gupta highlights important numbers featuring the West Indies team from the World Cups.
Summary of sports events and persons who made news on Wednesday
Rajneesh Gupta highlights all the important numbers of the Pakistan team from cricket World Cups.
Rathore, Tendulkar lead accolades for Chhetri
Summary of sports events and persons who made news on Sunday
Chhetri, who is set to play his 100th international match against Kenya in the Intercontinental Cup in Mumbai on Monday, has requested Indian sports fans through a video uploaded on his Twitter handle to come and watch the team play.
The company's operations are slated to commence in Burkina Faso and Ivory Coast next week.
Summary of sports events and persons who made news on Thursday.
A summary of sports events and persons who made news on Saturday
Chhetri is currently the highest goal-scoring active Asian player with 64 strikes from 101 matches and third in the world after superstars Cristiano Ronaldo and Lionel Messi.
'None of his grandparents, and only one of his parents, was born in the US or spoke English as their mother tongue.' 'Of his three wives, one was born in Czechoslovakia and one in Slovenia.' 'Where would Trump have been if they, too, had 'rejected the ideology of globalism and embraced the doctrine of patriotism'?' asks Sunanda K Datta-Ray.
Meb Keflezighi became the first U.S. male athlete to win the Boston Marathon in three decades on Monday, the first running of the race since last year's fatal bombing attack.
Kane Williamson has amassed 410 runs from 10 games, scoring five half-centuries. His highest score has been 84.
The operator was acquired four years earlier by Essar, when the latter had more telecom ventures, such as the 33 per cent stake in Vodafone Essar, and also owned telecom towers.
The list comprising old and new fiction as well as non-fiction deals with the intrinsic issues that continue to affect Africa today.