-Newsclick.in Every step in the direction of opening agriculture to global trade – as announced in the three ordinances by the Modi government – is a step towards reducing domestic food availability. The tropical region can grow a variety of crops which either cannot be grown at all, or for much of the year, in the cold temperate regions of the world where metropolitan capitalism is located. These include beverages, fibres, vegetables...
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Need new stimulus of Rs.10 lakh crore: Economists Collective
-The Hindu Economists urge cash transfers to 80% of households to revive economy. The Centre needs to announce a ₹10 lakh crore fiscal stimulus package providing universal food ration and cash transfers for 80% of households in order to revive the economy at this time, the Heterodox Economists Collective has urged. Employment guarantees must be expanded for both rural and urban workers at a time of soaring joblessness, the group of economists...
More »GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya
-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s Fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
More »A niggardliness that is economically unwarranted -Prabhat Patnaik
-The Hindu The Centre can afford to step up its COVID-19 assistance to a higher scale; Fiscal deficit is no worry The three-week long lockdown imposed on the country, it can be argued, was an over-reaction. More widespread testing of possible cases, “social distancing”, self-quarantining by the elderly, and selective lockdown of sensitive areas (as the Chinese government did in Wuhan) might have been quite adequate. But while this can be debated,...
More »Unorganised workers have been hit hard, need direct payments, India Inc tells PM Modi -P Vaidyanathan Iyer
-The Indian Express Over the last few weeks, many daily wage labourers and part of the unorganised or informal sector could not find work because of the lockdown. AT LEAST six top corporate leaders are said to have recommended to Prime Minister Narendra Modi that the government should make payments to unorganised sector workers since they bear the brunt of the severe lockdown measures to arrest the spread of Covid-19 disease. N Chandrasekaran,...
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