Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Decoding the budget and the economics of welfare -Yamini Aiyar     </title>
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Several announcements &mdash; a bad bank, the proposal for a development financial institution, and bank recapitalisation &mdash; aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic

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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Several announcements &mdash; a bad bank, the proposal for a development financial institution, and bank recapitalisation &mdash; aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic</em></p><p style="text-align:justify">Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)&rsquo;s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore, there are two questions that need to be asked of the FY 2021 budget.</p><p style="text-align:justify">How did the Union government reorient its macro-fiscal position to counteract the economic fallout of the pandemic and what does this reveal about the nature of the policy choices made by the government to respond to the Covid-19-induced economic crisis? Second, what does the budget offer as a policy pathway to nurture the economy back to health in FY 2021-22?</p><p style="text-align:justify">In FY 21, the lockdown-induced freeze on the economy expectedly resulted in a collapse in revenues while expenditure pressures increased. Revenue receipts collapsed from 20.2 lakh crore to 15.5 lakh crore, expenditure increased from 30.4 lakh crore to 34.5 lakh crore, as did the one number that the government has thus far worried about the most &mdash; the fiscal deficit.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html" title="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html" class="re" target="_blank">Hindustan Times, 2 February, 2021, https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html</a><div class="clear"></div>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Several announcements &mdash; a bad bank, the proposal for a development financial institution, and bank recapitalisation &mdash; aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic</em></p><p style="text-align:justify">Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)&rsquo;s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore, there are two questions that need to be asked of the FY 2021 budget.</p><p style="text-align:justify">How did the Union government reorient its macro-fiscal position to counteract the economic fallout of the pandemic and what does this reveal about the nature of the policy choices made by the government to respond to the Covid-19-induced economic crisis? Second, what does the budget offer as a policy pathway to nurture the economy back to health in FY 2021-22?</p><p style="text-align:justify">In FY 21, the lockdown-induced freeze on the economy expectedly resulted in a collapse in revenues while expenditure pressures increased. Revenue receipts collapsed from 20.2 lakh crore to 15.5 lakh crore, expenditure increased from 30.4 lakh crore to 34.5 lakh crore, as did the one number that the government has thus far worried about the most &mdash; the fiscal deficit.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html" title="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html">click here</a> to read more.</p>                                                           
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Several announcements &mdash; a bad bank, the proposal for a development financial institution, and bank recapitalisation &mdash; aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic

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    <h1 class="cat-box-title">Decoding the budget and the economics of welfare -Yamini Aiyar </h1>
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                            <p style="text-align:justify">-Hindustan Times</p><p style="text-align:justify"><em>Several announcements &mdash; a bad bank, the proposal for a development financial institution, and bank recapitalisation &mdash; aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic</em></p><p style="text-align:justify">Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)&rsquo;s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore, there are two questions that need to be asked of the FY 2021 budget.</p><p style="text-align:justify">How did the Union government reorient its macro-fiscal position to counteract the economic fallout of the pandemic and what does this reveal about the nature of the policy choices made by the government to respond to the Covid-19-induced economic crisis? Second, what does the budget offer as a policy pathway to nurture the economy back to health in FY 2021-22?</p><p style="text-align:justify">In FY 21, the lockdown-induced freeze on the economy expectedly resulted in a collapse in revenues while expenditure pressures increased. Revenue receipts collapsed from 20.2 lakh crore to 15.5 lakh crore, expenditure increased from 30.4 lakh crore to 34.5 lakh crore, as did the one number that the government has thus far worried about the most &mdash; the fiscal deficit.</p><p style="text-align:justify">Please <a href="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html" title="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html" class="re" target="_blank">Hindustan Times, 2 February, 2021, https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html</a><div class="clear"></div>
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Decoding the budget and the economics of welfare -Yamini Aiyar

Published on Feb 2, 2021   Modified on Feb 3, 2021

-Hindustan Times Several announcements — a bad bank, the proposal for a development financial institution, and bank recapitalisation — aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)’s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore, there are two questions that need to be asked of the FY 2021 budget. How did the Union government reorient its macro-fiscal position to counteract the economic fallout of the pandemic and what does this reveal about the nature of the policy choices made by the government to respond to the Covid-19-induced economic crisis? Second, what does the budget offer as a policy pathway to nurture the economy back to health in FY 2021-22? In FY 21, the lockdown-induced freeze on the economy expectedly resulted in a collapse in revenues while expenditure pressures increased. Revenue receipts collapsed from 20.2 lakh crore to 15.5 lakh crore, expenditure increased from 30.4 lakh crore to 34.5 lakh crore, as did the one number that the government has thus far worried about the most — the fiscal deficit. Please click here to read more.

Hindustan Times, 2 February, 2021, https://www.hindustantimes.com/opinion/decoding-the-budget-and-the-economics-of-welfare-101612199430638.html

Tagged with: Union Budget Union Budget 2021-22 MGNREGA MGNREGS Lockdown Tax Revenue Disinvestment

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