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<p style="text-align:justify"><em>Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further</em></p>
<p style="text-align:justify">As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future.</p>
<p style="text-align:justify">The Monthly Economic Report of the Union Finance Ministry claims that already the economy “is witnessing a sharp V-shaped recovery” suggesting that nothing drastic needs to be done by the government to return to a stable and positive economic growth trajectory.</p>
<p style="text-align:justify">This may just be yet an exercise in perception management that the current government excels in, but it presents a misleading picture of the state of the economy. Even more worrying, it could lull the government into believing its own rhetoric, and thereby not taking the measures necessary to ensure economic revival.</p>
<p style="text-align:justify">One indication of this is in the fiscal stance taken during the period of the lockdown and its immediate aftermath, during the so-called “Unlock” phases. Remember that the Indian government imposed one of the most stringent lockdowns in the world, that too with only four hours’ notice, on to a population that is dominantly without any form of social protection. It then did not provide compensation for the livelihoods lost, even as the public health measures taken were so inadequate that the disease has continued to spread.</p>
<p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/opinion/the-centres-fiscal-stance-is-flawed-during-covid-19-pandemic/article32545324.ece?homepage=true">click here</a> to read more.</p>
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LATEST NEWS UPDATES | Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh </title>
<meta name="description" content="-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is..."/>
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<meta property="og:description" content="-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is..." />
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is being led by a central...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-PTI/ The Hindu Business Line
Time for bureaucracy to take meaningful action, says former RBI governor
Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action....</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-Financial Express
Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers.
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally.
The relation between the Centre and the states has reached its nadir with the controversy over the...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible?
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is being led by a central...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-PTI/ The Hindu Business Line
Time for bureaucracy to take meaningful action, says former RBI governor
Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action....</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-Financial Express
Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers.
On June 5, the Centre promulgated three Ordinances reforming...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally.
The relation between the Centre and the states has reached its nadir with the controversy over the...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible?
* How should one...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is being led by a central...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-PTI/ The Hindu Business Line
Time for bureaucracy to take meaningful action, says former RBI governor
Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action....</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-Financial Express
Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers.
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally.
The relation between the Centre and the states has reached its nadir with the controversy over the...</p>
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<br><small>September 7, 2020</small>
<p style="padding-top: 6px;">-The Indian Express
The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible?
* How should one...</p>
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LATEST NEWS UPDATES | Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line
Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further
As India faces the biggest economic crisis since Independence, it is being led by a central...
-PTI/ The Hindu Business Line
Time for bureaucracy to take meaningful action, says former RBI governor
Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action....
-Financial Express
Signs of a weakening of the Agriculture Produce Marketing Committee (APMC) networks are now evident across major farm production centres in the country, heralding an era of unfettered market access and bolstered bargaining strength for farmers.
On June 5, the Centre promulgated three Ordinances reforming...
-The Indian Express
The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally.
The relation between the Centre and the states has reached its nadir with the controversy over the...
-The Indian Express
The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible?
* How should one...
