-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The first budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...
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Not by wishful thinking -R Nagaraj
-The Hindu A $5 trillion Indian economy may be attainable if domestic saving and investment are stepped up In early June, at a NITI Aayog meeting, Prime Minister Narendra Modi set a clear and bold economic target — to grow India into a $5 trillion economy by 2024. It is now for ‘Team India’, as the meeting was bannered, to translate this target into a plan and policies and programmes. Historically, such...
More »Potato farmers cry foul as PepsiCo sues them -Priscilla Jebaraj
-The Hindu They face demand for Rs. 1.05 crore in damages for growing Lays variety, want government to step in Just days after multi-billion dollar conglomerate PepsiCo sued four Gujarati farmers, asking them to pay Rs. 1.05 crore each as damages for ‘infringing its rights’ by growing the potato variety used in its Lays chips, farmers groups have launched a campaign calling for government intervention. The case is coming up for hearing in...
More »A model problem
-The Indian Express Fall in emigration, and reverse migration from the Gulf, challenge Kerala’s welfare model. The state must find a way Migration trends indicate that the Gulf, which had long funded the Kerala development story, may soon turn out to be a headache if not a nightmare. Economic slowdown in the Gulf countries, state policies favouring replacement of migrants with local labour, influx of workers from Africa and countries such...
More »No shortcuts to income guarantee -Harsh Mander
-The Indian Express Rahul Gandhi’s proposed scheme will do more harm than good if it comes at the cost of existing subsidies for the poor. Congress president Rahul Gandhi signaled the earnestness of his party’s resolve to end poverty and hunger by announcing an untried policy instrument — a Minimum Income Guarantee for the poor. “Millions of our brothers and sisters” could not be allowed to “suffer the scourge of poverty”...
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