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Story of budget '20, in 9 charts -Team Plain Facts

-Livemint.com With no significant spending increase to boost consumption or other major reform, the 2020 budget may lack the firepower to reignite the economy A growth slump, a precarious fiscal position and rising inflation: these are extraordinary times for the Indian economy. Yet in the 2020 Budget, these extraordinary times did not lead to the extraordinary measures so many economists were clamouring for. Like previous budgets under this government, the latest one...

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India's birds suffering dramatic population declines, warns scientific report -G Ananthakrishnan

-The Hindu Growing threat from loss of habitat, widespread presence of toxins, hunting and trapping, it says Chennai: Over a fifth of India’s bird diversity, ranging from the Short-toed Snake Eagle to the Sirkeer Malkoha, has suffered strong long-term declines over a 25-year period, while more recent annual trends point to a drastic 80% loss among several common birds, a new scientific report jointly released by 10 organisations said on Monday. The State...

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Freebies work in the short term & aren't really free -Puja Mehra

-Livemint.com * There is no such thing as a freebie in economics because ultimately somebody has to bear the cost of the supposedly free giveaways * CAG’s financial audit for 2013-18 concluded that Delhi has no debt sustainability issues as its GSDP grew faster than its public debt The Aam Aadmi Party’s win in the Delhi elections has inspired others to replicate its strategy. The West Bengal government’s last full budget before state...

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Union Budget 2020-21: An expert's guide to rural distress -Jitendra

-Down to Earth Nirmala Sitharaman's Budget has all the ingredients to deepen India’s farm crisis These are desperate times for India. Rural unemployment was at a 45-year-high while consumption expenditure of rural families fell 9 per cent between 2011-12 and 2017-18, according to a report by the National Sample Survey Office (NSSO), which the government never released but got leaked to the media in November 2019. Between 2011-12 and 2015-16, the income of farmers...

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