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LATEST NEWS UPDATES | Budget: Digital Models and Catchphrases Cannot Dissolve Inequality -Dipa Sinha

Budget: Digital Models and Catchphrases Cannot Dissolve Inequality -Dipa Sinha

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published Published on Feb 2, 2022   modified Modified on Feb 6, 2022

-TheWire.in

Presenting a budget, especially in the midst of an economic crisis, is an opportunity to communicate a government's vision for the country. This budget fails to do that and seems to be completely disconnected from ground realities.

It seems as if the Union finance minister, this year, took the idea of a paperless budget so literally that she has attempted to find digital solutions to most of the country’s problems.

The ‘Amrit Kaal’ of the next 25 years seems to be laden with a multitude of digital innovations that will be improve education, health, agriculture, finance and employment in this country.

India @100 will be a country where education is provided through TV channels, digital teachers and digital universities. Farmers will use ‘kisan drones’ to make their cropping decisions and the youth will seek to earn their livelihoods by providing ‘Drone as a service (DrAAS)’.

Access to finance will be eased through digital banking, digital payments, digital assets and the digital rupee. To take care of one’s health, there is of course the National Tele-Mental Health programme and the entire digital health ecosystem.

And the best part is that the government doesn’t even have to spend much to achieve all of this.

The budget speech did not have any mention of the increasing problem of inequality that the country is facing. This is not just a question of justice and equity but a cause of serious concern for future growth and development. The implications of such high levels of inequality for society as well as the economy is something that should concern governments, as well as the public at large.

It is obvious that the inequality we see today is very much an outcome of the kind of growth the country is witnessing, and this has been written about. It calls for a complete revamping of the economy onto a path in which creating decent employment for all is at the core. To achieve this, many things need to be done, and it is indeed true that there are limitations to what a budget can do.

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TheWire.in, 2 February, 2022, https://thewire.in/economy/budget-digital-inequality-catchphrases


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