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Why privatising public assets is poor economics, impetus to greater Wealth inequality -Prabhat Patnaik

-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....

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How Rajasthan can make its Right to Health promise work -K Sujatha Rao

-The Indian Express The state must prioritise removing malnutrition, give uncompromising priority to improving primary health infrastructure In 1947, post-colonial India set off with the ambition of building a modern state on the principles of equality where citizens, by virtue of their birth in the country, would be entitled to a life of dignity. While the Constitution provided the rights to life, liberty, nutritional standards and maternity care, it did not explicitly...

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The Survey as policy with ideological overtones -MA Oommen

-The Hindu To say that growth and inequality converge in terms of their effects on socio-economic outcomes is outrageous The Economic Survey 2021 (https://bit.ly/2OfqfVQ) does not seem to be a policy document derived straight from the empirical data of the economy or the social compulsions embedded in it. On the contrary, the Survey rings with policy postulates based on strong ideological overtones. Of interest would be Chapter 4, captioned ‘Inequality and Growth:...

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Union Finance Minister Nirmala Sitharaman interviewed by Raghuvir Srinivasan, Aarati Krishnan and Parvatha Vardhini C (The Hindu Business Line)

-The Hindu No decision taken yet on which banks will be privatised, Finance Minister says. Fresh from presenting a Budget that represents a clean break from past policies, Union Finance Minister Nirmala Sitharaman was in Chennai last weekend to hear feedback from industrialists and common citizens. “This is a Budget that was put through the wringer to ensure that every number was credible and achievable and did not reflect over-ambition,” she said,...

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Union budget fails to address 'urgent' spending needs in social sector: Oxfam

-Counterview.net Even as calling Finance Minister Nirmala Sitharaman’s budget “historic”, top international NGO Oxfam, pointing towards “some gaps” in it, “especially while addressing inequalities on the lines of caste, class, gender and occupation”, has regretted that the budget “does not address the urgent spending needs in the social sector, especially in health and education.” In a statement, Oxfam India quotes CEO stating that “the Union Budget 2021 has failed to address inequality...

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