-Foundation for Agrarian Studies blog The world is sliding rapidly towards a recession. The Covid-19 pandemic will shut down large parts of the world economy for at least a few months more. IMF managing director Kristalina Georgieva stated on March 23, 2020 that the outlook for global growth in 2020 was “negative.” Recovery, if any, is expected only in 2021. According to the International Labour Organisation (ILO), the rise in unemployment...
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From Plate to Plough: Growth and the farmer -Ashok Gulati
-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in food policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
More »Fashioning the framework of a New India -Indira Hirway
-The Hindu A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national...
More »MGNREGA allocation is way off the mark to uplift the rural economy & address economic downturn, say Right to Work activists
The Union Budget 2020-21, which was presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February, 2020 has failed to impress civil society activists and farmers' rights groups (click here and here). Through their press releases and notes, members of CSOs were demanding as well as suggesting the Union Government for hiking the budgetary allocation for schemes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri...
More »Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
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