-TheWire.in Presenting a budget, especially in the midst of an economic crisis, is an opportunity to communicate a government's vision for the country. This budget fails to do that and seems to be completely disconnected from ground realities. It seems as if the Union finance minister, this year, took the idea of a paperless budget so literally that she has attempted to find digital solutions to most of the country’s problems. The ‘Amrit...
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A recipe to deepen the distress in rural economy -Himanshu
-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...
More »A betrayal of the social sector when it needs help -Dipa Sinha
-The Hindu The government seems to have prioritised meeting its fiscal deficit targets rather than using this opportunity to signal a path of employment-centred and inclusive growth India continues to rank poorly in various global indices that reflect the quality of life, human capital or human development in the country, such as the Human Development Index (rank 131 out of 189 countries) and the Global Hunger Index (rank 101 out of 116...
More »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 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...
More »National Coalition on the Education Emergency releases Policy Trackers on State Education Finances and School Opening Status
--Press release by the National Coalition on the Education Emergency (NCEE) dated January 29, 2022 An education emergency of unprecedented proportions has severely impacted hundreds of millions of children in India. Prolonged school closures have caused learning deprivation, student dropout, increased child labour, malnutrition, and early marriages that are compromising the future of our country. It is time to open schools and massively increase funding of public education with a clear focus...
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