-The Indian Express The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled industrialisation, weak credit growth, a near-freeze in new jobs, low Infrastructure Development and agriculture spend. AS West Bengal Chief Minister Mamata Banerjee fights perhaps her most significant electoral battle, framing her contest is not just BJP vs Trinamool politics — but the state’s economics as well. The anti-incumbency Banerjee faces is as...
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Dormant Parliament, fading business -MR Madhavan
-The Hindu The gradual deterioration in Parliament’s functioning has to be stopped if it is to fulfil its constitutional mandate The Budget session of Parliament ended on Thursday, two weeks ahead of the original plan, as many political leaders are busy with campaigning for the forthcoming State Assembly elections. This follows the trend of the last few sessions: the Budget session of 2020 was curtailed ahead of the lockdown imposed following the...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »Govt Land Barter Deal Dodges The Law, Benefits The Rich -Mridula Chari
-Article-14.com Instead of expensive, lawful compensation, about 10 states now offer farmers, landowners a shiny barter deal: Hand over your land, get a smaller plot when the area is ‘developed’. In Punjab, we investigate how developers get cheap land and owners wait years. Mohali: In 2010, vegetable vendor Surjeet Singh handed over the nine-acre farm he and his family owned to the Punjab government’s Greater Mohali Area Development Authority, which hoped to...
More »Is the Budget’s infrastructure push green? -S Gopikrishna Warrier
-MongabayIndia.com * The main focus of the Union Budget for 2021-22 is on Infrastructure Development-led growth. * This is expected to create a demand in the economy and thereby help it recover after the pandemic crisis. * This commentary explores whether the thrust on Infrastructure Development will lead to adverse environmental consequences. * The views expressed in this commentary are that of the author. Investment in infrastructure is the most important focus area in the...
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