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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]
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<p style="text-align:justify"><em>India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far.</em></p>
<p style="text-align:justify">The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious because inter alia of the developments in the world economy.</p>
<p style="text-align:justify">Even before the current omicron wave, the rate of GDP growth projected by official estimates for 2021-22 over the previous year was 9.2%; but the previous year itself had witnessed a 7.3% contraction because of the pandemic. Hence even if the official projection turns out to be true, the GDP in 2021-22 would be higher than in 2019-20 by only 1.22%, i.e., India would barely recapture its 2019-20-level GDP in 2021-22; but because of the omicron virus, even this would not happen and our current year GDP is likely to still remain below that of 2019-20.</p>
<p style="text-align:justify">Moreover, whatever recovery of real expenditure over 2019-20 has occurred in the current year has not been in the sphere of household and government consumption, which means that there have been additions to capacity in the interim, even as consumption has remained lower than in 2019-20. This must entail a decrease in the degree of capacity utilisation, in which case the current tempo of investment will not be sustained. </p>
<p style="text-align:justify">Hence the level of the investment itself will decline, which will further accentuate the decline in consumption (because of the multiplier) so that even this level of GDP growth relative to 2019-20 will not be sustained.</p>
<p style="text-align:justify">Thus, the recovery we are witnessing, apart from being utterly meagre, is not even sustainable. Some call it a K-shaped recovery as opposed to a V-shaped one, but whatever it is called, it is clearly a recovery constricted by reduced purchasing power in the hands of the people.</p>
<p style="text-align:justify">Please <a href="https://www.newsclick.in/indian-economy-vicious-spiral-only-way-out-empowering-working-people?fbclid=IwAR2UPG689AHFqvgTOHQDm-zVh_4FLP5c199Gvadf6Rw3GWVk3RXmZ78tO94">click here</a> to read more. </p>
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Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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LATEST NEWS UPDATES | Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik </title>
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India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so..."/>
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India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so..." />
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<a href="https://im4change.in/latest-news-updates/indian-economy-is-in-a-vicious-spiral-only-way-out-is-by-empowering-working-people-prabhat-patnaik.html" target="_blank">Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik </a>
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far.
The Indian economy is currently...</p>
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget?
The latest estimates suggest that India’s economic output in 2021-22 is likely to,...</p>
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<a href="https://im4change.in/latest-news-updates/nrega-sangharsh-morcha-demands-hike-in-mgnrega-allocation-in-union-budget-2022-23.html" target="_blank" title="NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23" style="float: left; margin-right: 10px;">
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Press release by NREGA Sangharsh Morcha dated 30 January, 2022
The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time...</p>
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<a href="https://im4change.in/latest-news-updates/many-farmers-left-out-of-pm-kisan-benefits-in-a-p-reveals-survey-p-sujatha-varma.html" target="_blank"><strong style="" > Many farmers left out of PM Kisan benefits in A.P., reveals survey -P Sujatha Varma</strong></a>
<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-The Hindu
‘Neither are the reasons specified nor a resolution process put in place’
Vijayawada (Andhra Pradesh): About 15.2 lakh farmers in Andhra Pradesh are deprived of the payment instalments under the Centrally-sponsored ‘PM Kisan Samman Nidhi’ that provides input subsidy to them.
As part of the scheme,...</p>
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<br><small>January 29, 2022</small>
<p style="padding-top: 6px;">-The Tribune
1,800 complaints received in Rohtak I 1,150 in Jhajjar I 1,050 in Rewari district
Rohtak: Around 4,000 farmers in Rohtak, Jhajjar and Rewari districts have sought compensation under the Pradhan Mantri Fasal Beema Yojana (PMFBY) for the loss to their wheat and mustard crop due...</p>
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<a href="https://im4change.in/latest-news-updates/indian-economy-is-in-a-vicious-spiral-only-way-out-is-by-empowering-working-people-prabhat-patnaik.html" target="_blank">Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik </a>
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far.
The Indian economy is currently...</p>
<a href="https://im4change.in/latest-news-updates/indian-economy-is-in-a-vicious-spiral-only-way-out-is-by-empowering-working-people-prabhat-patnaik.html"
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget?
The latest estimates suggest that India’s economic output in 2021-22 is likely to,...</p>
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<a href="https://im4change.in/latest-news-updates/nrega-sangharsh-morcha-demands-hike-in-mgnrega-allocation-in-union-budget-2022-23.html" target="_blank" title="NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23" style="float: left; margin-right: 10px;">
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Press release by NREGA Sangharsh Morcha dated 30 January, 2022
The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time...</p>
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<a href="https://im4change.in/latest-news-updates/many-farmers-left-out-of-pm-kisan-benefits-in-a-p-reveals-survey-p-sujatha-varma.html" target="_blank"><strong style="" > Many farmers left out of PM Kisan benefits in A.P., reveals survey -P Sujatha Varma</strong></a>
<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-The Hindu
‘Neither are the reasons specified nor a resolution process put in place’
Vijayawada (Andhra Pradesh): About 15.2 lakh farmers in Andhra Pradesh are deprived of the payment instalments under the Centrally-sponsored ‘PM Kisan Samman Nidhi’ that provides input subsidy to them.
As part of the scheme,...</p>
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<br><small>January 29, 2022</small>
<p style="padding-top: 6px;">-The Tribune
1,800 complaints received in Rohtak I 1,150 in Jhajjar I 1,050 in Rewari district
Rohtak: Around 4,000 farmers in Rohtak, Jhajjar and Rewari districts have sought compensation under the Pradhan Mantri Fasal Beema Yojana (PMFBY) for the loss to their wheat and mustard crop due...</p>
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<a href="https://im4change.in/latest-news-updates/indian-economy-is-in-a-vicious-spiral-only-way-out-is-by-empowering-working-people-prabhat-patnaik.html" target="_blank">Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik </a>
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Newsclick.in
India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far.
The Indian economy is currently...</p>
<a href="https://im4change.in/latest-news-updates/indian-economy-is-in-a-vicious-spiral-only-way-out-is-by-empowering-working-people-prabhat-patnaik.html"
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<a href="https://im4change.in/latest-news-updates/a-pandemic-and-a-union-budget-a-study-in-three-acts-suyash-rai.html" target="_blank"><strong style="" >A Pandemic and a Union Budget: A Study in Three Acts -Suyash Rai</strong></a>
<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget?
The latest estimates suggest that India’s economic output in 2021-22 is likely to,...</p>
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<a href="https://im4change.in/latest-news-updates/nrega-sangharsh-morcha-demands-hike-in-mgnrega-allocation-in-union-budget-2022-23.html" target="_blank" title="NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23" style="float: left; margin-right: 10px;">
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<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-Press release by NREGA Sangharsh Morcha dated 30 January, 2022
The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time...</p>
<a href="https://im4change.in/latest-news-updates/nrega-sangharsh-morcha-demands-hike-in-mgnrega-allocation-in-union-budget-2022-23.html"
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<a href="https://im4change.in/latest-news-updates/many-farmers-left-out-of-pm-kisan-benefits-in-a-p-reveals-survey-p-sujatha-varma.html" target="_blank"><strong style="" > Many farmers left out of PM Kisan benefits in A.P., reveals survey -P Sujatha Varma</strong></a>
<br><small>January 30, 2022</small>
<p style="padding-top: 6px;">-The Hindu
‘Neither are the reasons specified nor a resolution process put in place’
Vijayawada (Andhra Pradesh): About 15.2 lakh farmers in Andhra Pradesh are deprived of the payment instalments under the Centrally-sponsored ‘PM Kisan Samman Nidhi’ that provides input subsidy to them.
As part of the scheme,...</p>
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<a href="https://im4change.in/latest-news-updates/waterlogging-4-000-farmers-demand-crop-loss-relief-ravinder-saini.html" target="_blank"><strong style="" >Waterlogging: 4,000 farmers demand crop loss relief -Ravinder Saini</strong></a>
<br><small>January 29, 2022</small>
<p style="padding-top: 6px;">-The Tribune
1,800 complaints received in Rohtak I 1,150 in Jhajjar I 1,050 in Rewari district
Rohtak: Around 4,000 farmers in Rohtak, Jhajjar and Rewari districts have sought compensation under the Pradhan Mantri Fasal Beema Yojana (PMFBY) for the loss to their wheat and mustard crop due...</p>
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LATEST NEWS UPDATES | Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik
-Newsclick.in
India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far.
The Indian economy is currently...
-TheWire.in
How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget?
The latest estimates suggest that India’s economic output in 2021-22 is likely to,...
-Press release by NREGA Sangharsh Morcha dated 30 January, 2022
The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time...
-The Hindu
‘Neither are the reasons specified nor a resolution process put in place’
Vijayawada (Andhra Pradesh): About 15.2 lakh farmers in Andhra Pradesh are deprived of the payment instalments under the Centrally-sponsored ‘PM Kisan Samman Nidhi’ that provides input subsidy to them.
As part of the scheme,...
-The Tribune
1,800 complaints received in Rohtak I 1,150 in Jhajjar I 1,050 in Rewari district
Rohtak: Around 4,000 farmers in Rohtak, Jhajjar and Rewari districts have sought compensation under the Pradhan Mantri Fasal Beema Yojana (PMFBY) for the loss to their wheat and mustard crop due...
NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23
