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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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India’s migrant workers need better policies -Ravi Srivastava

-The Indian Express NITI Aayog’s draft report is well-intentioned. But its failure to address the policy distortions at the root of migrant workers’ issues cannot be overlooked The lockdown-induced suffering of millions of migrants raised awareness regarding their magnitude, vulnerability, and role in the economy. It also led to a flurry of measures by the central and state governments. It is now encouraging that the Niti Aayog, on the request of the...

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The Tragic Ironies of the Uttarakhand Disaster -Avay Shukla

-TheWire.in (Science) Never underestimate the power of human stupidity, says Yuval Noah Harari in his book, 21 Lessons For The 21st Century. If anyone doubts this truism she has only to see what we have been doing to the Himalaya for the last three decades, particularly in Himachal Pradesh and Uttarakhand, in the name of development. This stupidity also involves ignoring the pleas of local residents/villagers, the advice of experts, and...

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Money vs. happiness -Raghav Gaiha and Veena S Kulkarni

-The Hindu Subjective well-being and income are intricately linked The question whether the rich are more satisfied with their lives is often taken for granted, even though surveys, like the Gallup World Poll, show that the relationship between subjective well-being and income is often weak, except in low-income countries in Africa and South Asia. Researcher Daniel Kahneman and his collaborators, for example, report that the correlation between household income and reported life...

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Mid-Day Meals play a crucial role in guaranteeing child nutrition in the post-pandemic world

School meals ensure nutrition for millions of vulnerable children across the world. Almost 370 million children worldwide are covered by school feeding programmes. While 100 million school children benefitted from the noon meal scheme in India prior to the COVID-19 pandemic, countries like Brazil (48 million), China (44 million), South Africa (9 million) and Nigeria (9 million) too run similar programmes for school children. However, an estimated 39 billion in-school...

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