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The Unexpected Reckoning: Coronavirus and capitalism -Radhika Desai

-NetworkIdeas.org It is perhaps fitting that the seriousness of the coronavirus threat hit most of the Western world around the Ides of March, the traditional day of reckoning of outstanding debts in Ancient Rome. The previous week had been a veritable roller coaster ride. The World Health Organization (WHO) finally declared the contagion a pandemic, governments scrambled to respond, the virus dominated the news Cycle as well as the plethora of...

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Govt should tackle the demand side instead of dealing with the supply side of the economy -Yashwant Sinha

-The Indian Express This government is barking up the wrong tree. First of all, it is solely responsible for the present slowdown. Second, it has no understanding of what has caused the problem. Third, therefore, it is flailing its arms in all directions except the right one and causing more pain. I have often been criticised for being critical of the present regime, even by people near and dear to me. One...

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An SOS from Bharat's poorest citizens -Sayantan Bera

-Livemint.com * The budget barely increased funding to social welfare schemes at a time India’s poorest desperately need succour * At the beginning of every financial year, social schemes start with arrears, leading to delayed payments. To break this vicious Cycle, funding needs to be increased MUZAFFARPUR (BIHAR): "Dena hi padega BDO, dena hi padega Har haath ko kaam aapko, dena hi padega." (You have to, oh BDO, you have to You have to give work...

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Economic Survey 2020 projects GDP growth at 6 - 6.5% in FY21

-The Indian Express The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The Economic Survey 2020 projected an economic growth of 6 to 6.5 per cent in the fiscal year starting April 1. The survey, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The survey put current fiscal...

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Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21

-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...

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