-The Tribune This is a crucial moment for Modinomics. Till now, government schemes have been used to help the poorest of the poor survive, even when they do not have any regular source of income. The middle class has continued to back the PM, hoping his policies will yield dividends. The industrial recession has shaken that belief. It could well be the beginning of their disenchantment with the PM. IN 2014, journalist...
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Younger Indians more worried about the government’s political and economic moves - Surbhi Bhatia and Sriharsha Devulapalli
-Livemint.com A higher share of the young disapprove of recent government actions such as those relating to the controversial Citizenship Amendment Act (CAA) and the National Register of Citizens (NRC) For the old faithful of the Bharatiya Janata Party (BJP), 2019 is a year to remember and cherish. It brought the BJP back to power with a thumping majority, and saw the new government take decisive steps to fulfil long-standing promises of...
More »That foodgrain stocks lie in public godowns while people are going hungry is a scandal -Dipa Sinha
-The Indian Express What is disturbing is that in the middle of the current crisis some are now calling for a massive downsizing of the PDS and a shift to cash transfers in place of foodgrains. The Public Distribution System has played an important role in providing relief to people in the aftermath of the national lockdown. With COVID-19 cases increasing and the economy continuing to be in a downturn, some corrective...
More »Rs 150,000 crore plus: the govt stimulus for rural areas post lockdown -Harish Damodaran
-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...
More »India Inc's big bet on Bharat saving the day -Sayantan Bera
-Livemint.com * Rural spending is the only ray of hope for a ravaged economy. But will consumers rise to the occasion? * The income loss due to 30 million migrant workers returning home is a significant hit to household finances. Moreover, covid-19 has deeply affected an already bruised consumer psyche The locked rooms lining the courtyard of Dilip Patidar’s sprawling ancestral home once smelled like a spice box. That was some years ago...
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