-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the FIRst quarter of this financial year. Bad because a 7.5% second quarter contraction is high both...
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The ground has fallen out from beneath the farmer’s feet -KTS Tulsi and Tanessa Puri
-The Hindu The Farm Acts are farmer-unfriendly and in violation of important constitutional safeguards Amidst the novel coronavirus pandemic, Indian farmers have marched their way to New Delhi. The reason behind the protest is a request to repeal the recently passed Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act and the Essential Commodities (Amendment) Bill. Akin to stock trading All...
More »A mirage sold as a panacea for the unorganised sector -Mohan Mani and Babu Mathew
-The Hindu The labour codes will only better India’s ‘ease of doing business’ ranking instead of improving conditions of employment In an interview with The Hindu in October this year, the Union Labour Minister claimed that the four labour codes would generate employment and secure the basic rights of the workers. He also claimed that the labour codes seek to universalise the right to minimum wage of workers and social security entitlements....
More »True fiscal responsibility -Pulapre Balakrishnan
-The Hindu Slashing public expenditure amid a recession is a recipe for serious economic disaster The National Statistical Office (NSO) recently announced estimates of economic activity in the second quarter of the current financial year. As most of the FIRst quarter coincided with the lockdown announced by the Central government, it would only have been expected that output would be depressed as production could not have taken place. And this is what...
More »CEA Subramanian asks NSC to make junked consumer spending report public -Somesh Jha
-Business Standard The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the FIRst time in over four decades in 2017-18. Chief economic advisor (CEA) Krishnamurthy Subramanian has asked the National Statistical Commission (NSC) to make public the 2017-18 consumer spending survey data. “The government had decided to not release the consumer expenditure survey report. But, earlier this year, NSC Chairman Bimal Kumar Roy received a...
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