-The Tribune The economic argument in support of market reforms, claiming that farm incomes go up when the number of farmers recedes, has turned out to be untrue. America has lost more than 5 million farms in less than 100 years, and Australia 25 per cent of its farms between 1980 and 2002. The speed at which farmers across the globe have got out of agriculture hasn’t increased farm incomes, but...
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Coronavirus: Pandemic may have doubled poverty in India, says Pew study
-The Hindu Pew Research report suggests middle class may have shrunk by 30% and number of poor risen by 7.5 crore India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession, while the number of poor people — earning less than ₹150 per day — more than doubled, according to an analysis by the Pew Research Center. In a comparison, Chinese incomes remained relatively unshaken, with just a...
More »Workers demand implementation of policy for migrants
-The Hindu They say almost a year after COVID-19-induced lockdown, govt. has not kept its promises A group of hawkers, sex workers, domestic workers, rescued bonded labourers and other unorganised workers gathered at Jantar Mantar here on Thursday, almost a year after Prime Minister Narendra Modi announced a lockdown to curb the spread of COVID-19, setting off a crisis for migrant workers, to demand that the government fulfil the promises made during...
More »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...
More »Are We Staring at Another Phase of Dilution of PDS in India? -Shinzani Jain
-Newsclick.in The NITI Aayog recommendations to reduce coverage under the NFSA are in tandem with liberalisation of agriculture pushed forward by the government with the passage of three farm laws. On February 28, 2020, it was reported that the central government’s think tank, NITI Aayog, in a discussion paper recommended a revision in the coverage of urban and rural populations under the National Food Security Act (NFSA), 2013 to generate annual savings...
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