-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...
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The rural economy can jump-start a revival -Himanshu
-The Hindu The Government needs to reverse its neglect and policy missteps as key indicators show the sector has resilience The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an...
More »The Proposal for a Minimum Global Corporate Tax Rate -Prabhat Patnaik
-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...
More »COVID-19 Driving Up Unemployment -Gyan Pathak
-Newsclick.in As India faces a grim economic scenario due to the second wave of the pandemic in India, the government needs to step in to create employment opportunities. The second wave of COVID-19 beginning from February 2021 has not only severely impacted the economic recovery in India, but has also threatened a contraction in its GDP and consequently a sharp spike in unemployment. S&P’s moderate and severe severe downside scenario has estimated...
More »What Lies at the Foundation of the Prolonged Agrarian Crisis in India? -Shinzani Jain
-Newsclick.in The deeper rot in agriculture can be overcome through more far-reaching reforms, starting from an overhaul of pre-capitalist land relations and relations of production that continue to shackle productivity and are at the root of aggravating poverty, unemployment and inequality in rural India. It has been more than five months since farmers from different parts of the country began protesting in Delhi. They have been unflinching when it comes to their...
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