-Hindustan Times By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand. Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget’s larger premise. Such an exercise...

-Press release by NREGA Sangharsh Morcha dated 2 February, 2022 Notwithstanding the rural distress, implementing NREGA is a legal obligation of the Central government. However, the demand-driven nature of the Act has been repeatedly stifled in letter and spirit. By severe rationing of funds, it has been made a supply driven programme. Today is NREGA diwas and while we are supposed to be celebrating the idea of rural employment guarantee, we...

-Centre for Science and Environment * Releases new report that presents irrefutable evidence of the benefits of non-chemical agriculture * Yesterday’s Budget promises to promote chemical-free natural farming, but it is a half-hearted promise at best, as no separate allocation has been made in it, says CSE * CSE’s asks: Invest in organic and natural farming. Make it a mass movement New Delhi, February 2, 2022: “Despite the push given to it through periodic...

-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...

-The Hindu The government seems to have prioritised meeting its fiscal deficit targets rather than using this opportunity to signal a path of employment-centred and inclusive growth India continues to rank poorly in various global indices that reflect the quality of life, human capital or human development in the country, such as the Human Development Index (rank 131 out of 189 countries) and the Global Hunger Index (rank 101 out of 116...