-The Hindu ‘PM failed to outline concrete steps on COVID-19’ The Left parties slammed Prime Minister Narendra Modi’s address to the nation on the COVID-19 saying that the PM failed to outline any concrete measures to contain it and its economic fallout. The CPI(M) has made 11 demands, including cash transfer of ₹5,000 to Jan Dhan accounts and all BPL (Below Poverty Line) beneficiaries to temporarily tide over the crisis. The party also...
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Falling short of aSPIRations -Ram Singh
-The Hindu The economic outlook rests on government meeting investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal SPIRits needed to revive private investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...
More »Civil society demands for increase in budgetary allocation under MGNREGA to clear pending wages
-Press release by NREGA Sangharsh Morcha dated 31st January, 2020 Rural distress has risen to alarming levels. As per the Periodic Labour Force Survey (PLFS) of 2017-18, rural unemployment stands at 8 percent (statement 30 in Section 3.7, PLFS). In conjunction with skyrocketing food inflation levels, this is a serious concern. The situation is much worse for the landless depending on casual manual labour who constitute more than half the rural...
More »Retail inflation rises sharply to 7.35% in Dec 2019 from 5.54% in Nov
-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to SPIRalling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...
More »Politics of exclusion and disenfranchisement is hurting investment and India's cooperative SPIRit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
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