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Create protocols and decommission the ageing large dams speedily, recommends latest UNU-INWEH study

Large dams that cause environmental degradation and large-scale displacement, among other things, have been opposed in India by civil society organisations (CSOs), such as Narmada Bachao Andolan (NBA), National Alliance of People's Movement (NAPM) and People's Union for Civil Liberties (PUCL). A recently published study by the United Nations University's Canada-based Institute for Water, Environment and Health along with other partner organisations reveals that tens of thousands of existing large...

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Revise the text of the Budget speech -Jayati Ghosh

-The Hindu The Finance Minister must move to an expansionary fiscal stance that prioritises job creation, public service provision It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year of the novel coronavirus pandemic and economic crisis, that speech will be of...

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Overtaxation of petrol and diesel cannot be justified

-The New Indian Express Which MEAns sometime last year, when crude was averaging $25 a barrel, petrol should have sold for Rs 50 a litre. Nearly two-and-a-half years ago, when global crude oil prices were around $75 a barrel, petrol was selling at Indian pumps for Rs 75 a litre. Today, when crude oil prices have fallen to $52 a barrel, petrol prices have hit an all-time high of Rs 86 or...

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Fix inverted tariff structures to boost industrial growth in India -C Veeramani and Anwesha Basu

-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff rates in manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff rate was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...

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Budget 2021 Is a Chance to Undo the COVID-Induced Inequality That Has Surged Across India -Nikhil Dey

-TheWire.in Ideally, the government should increase the work entitlement for MGNREGA to at least 150 days, double the budget and put in place an urban employment guarantee act. Let’s start with those who did well over the last 10 months. The Sensex index crossed the 50,000 benchmark for the first time on January 21, 2021, with a whopping 70% increase since April 2020. The Oxfam inequality report, just released, gives an idea of...

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