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Despite some hits, the Budget has crucial misses -R Nagaraj

-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...

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India needs to look beyond the 137% spending hike to fix its public healthcare -Arjun Srinivas and howindialives.com

-Livemint.com Much of the increased spending will go towards preventive aspects of healthcare, with the health ministry by itself not gaining much even after the pandemic. India needs to do a whole lot more to strengthen its health infrastructure In her Budget speech, Finance Minister Nirmala Sitharaman announced a 137% increase in allocations on “health and well-being" for 2021-22, to ₹2.24 trillion. Embedded in that declaration was a definitional change: it also...

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Revise the text of the Budget speech -Jayati Ghosh

-The Hindu The Finance Minister must move to an expansionary fiscal stance that prioritises job creation, public service provision It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year of the novel coronavirus pandemic and economic crisis, that speech will be of...

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Children from economically weaker backgrounds have fallen behind as classes shifted to the digital mode -Wilima Wadhwa

-The Indian Express Although there has been a lot of public discussion on digital modes of education for school children, online and video classes catered largely to urban or educated elite populations whose children went to private schools. In India, school closures post the spread of the pandemic started as early as March 2020. As months went by, concerns increased: Would learning levels drop, existing inequalities deepen? The Annual Status of Education...

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Two Key Numbers to Look Out for in the Upcoming Budget 2021 -Jayati Ghosh

-TheWire.in The most important concern is that of increasing Public Spending. There are really only two numbers to look out for in the forthcoming budget: how much did the government claim to have spent in 2020-21, and how much does it intend to spend in 2021-22. These two numbers will determine whether there is any real hope of sustained macroeconomic recovery in the near future, notwithstanding any claims of green shoots or revival...

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