-Newsclick.in A finance ministry note has reportedly warned against too much spending on food and other subsidies. The scheme for providing 5 kg food grain to every individual in addition to the subsidised ration given to ration card holders may be finished after September. Called the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), it was started during the first lockdown in April-May 2020 and has been extended every six months. It is...

-The Telegraph Kaushik Basu credits country’s intellectual influx and links its downfall to the practice of hyper-nationalism by junta in 1930s Calcutta: The pursuit of hawkish nationalism is detrimental to the growth of a country’s economy, Kaushik Basu, C. Marks Professor of international studies and professor of economics at Cornell University, said at Para in Purulia on Thursday. “We cannot be hyper-nationalistic…,” Basu said while delivering a lecture on “India’s economy and the...

The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption.   Due to Economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...

-The Hindu Domestic economic activity is gaining strength, write authors of Bulletin article India’s economy is better placed than many other countries to avoid the risk of potential stagflation, Reserve Bank of India (RBI) officials headed by Deputy Governor Michael D. Patra wrote in an article in the June edition of the RBI Bulletin. “Global economic conditions continued to deteriorate as ratcheting up of commodity prices and financial market volatility have led to...

-The India Forum The government's lack of respect for national surveys on consumption has meant that the door has been opened to preparation of unofficial estimates on poverty made on questionable assumptions. Two such recent estimates highlight the need to resume collection of data to get a true picture of poverty The government of India does not seem to be interested in knowing how many poor there are in the country. The missing...