-Newsclick.in Two taxes – inheritance and wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
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India’s GDP expected to contract by 9.6 per cent this fiscal: World Bank
-PTI/ The Indian Express "India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March," the World Bank said in the report released here. Washington: The World Bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this fiscal which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic,...
More »40% of toilets surveyed by CAG in government schools non-existent, unused
-The Hindu Over 1.4 lakh toilets were built by 53 CPSEs, with key support coming from power, coal and oil firms Public sector units claimed to have constructed 1.4 lakh toilets in government schools as part of a Right to Education project, but almost 40% of those surveyed by the Comptroller and Auditor General of India (CAG) were found to be non-existent, partially constructed, or unused. In an audit report presented in...
More »India should opt for income support so that pandemic does not turn into a financial crisis -Jahangir Aziz
-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...
More »Migrant workers' deaths: Govt says it has no data. But didn't people die? Here is a list - Mukesh Rawat
-IndiaToday.in The Modi govt has told Parliament it does not have data of migrant workers who died during the lockdown. India Today sheds light on data documenting those who died while desperately trying to reach their homes. While presenting the Union Budget 2020 in Parliament on February 1, Finance Minister Nirmala Sitharaman outlined the importance of data and said that in order to meet challenges of real-time monitoring of India's increasingly complex...
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