-Hindustan Times Several announcements — a bad bank, the proposal for a development financial institution, and bank recapitalisation — aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)’s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore,...

-OutlookIndia.com Missing in common images of the 'kisan', not counted by economists, not found on property papers. Recent events put the focus on the silent workforce of our farms. This is India’s shameful secret, as it is the world’s. The ‘formal’ economy—where human toil and its fruits are counted and put on graphs—has always had an area of darkness. A very large area that it pretends doesn’t exist. “Women hold up half...

-Newsclick.in The Modi government has created a huge mess of its finances in the past year cutting spending and borrowing heavily. When the Union Budget is presented tomorrow (February 1), the government will have its hands full and pockets empty. In the current financial year, which will end on March 31, currently available information shows that revenues (government income) are going to be much short of what was estimated in last year’s...

-TheWire.in One of the most disturbing effects of the pandemic has been on the nutritional needs of the disadvantaged. The Budget needs to prioritise addressing this issue. The pandemic led disruptions of nutrition services have exacerbated India’s existing burden of undernutrition. Children did not get the mid-day meals and supplementary nutrition under the anganwadi services scheme they were registered under. Critical health services like immunisation, iron-folic acide and calcium supplementation, treatment of...

-Livemint.com The Survey expects the Indian economy to grow by 11% in real terms (adjusted for inflation) during 2021-22. This is close to the growth of 11.5% forecast by the International Monetary Fund (IMF). This is good news. The Economic Survey of 2020-21 was published earlier in the day today. Like in the previous years, the Economic Survey tries to summarise the state of the Indian economy across various dimensions. Here are ten...