-Down to Earth The scheme is just 'lip service' for the Modi government says official even as Piyush Goyal allocates Rs 750 crore to it Usually, the Union Government’s Budget is allocated for all types of livestock and animal husbandry development purposes. On February 1, 2019, interim Minister of Finance Piyush Goyal eulogised cattle in his speech and allocated Rs 750 crore for them under the Rashtriya Gokul Mission (RGM). RGM is...
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The mistaken obsession with the fiscal deficit -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org It’s that time of year again – the time when all eyes turn to those magic numbers, the actual and proposed fiscal deficits of the central government as shares of GDP. Breathless news anchors will interrogate financial investors on what the numbers mean, and why 3.5 per cent or 3.7 per cent is fatally worse than, say, 3.4 per cent or 3.2 per cent or less. Everyone will breathe a...
More »430 Punjab Farmers Committed Suicide in One Year Since Loan Waiver Rollout
-TheWire.in A figure is based on data compiled by farmer union Bhartiya Kisan Union (Ugrahan). New Delhi: Debt has continued to overwhelm farmers in Punjab since the rollout of Congress’s loan waiver scheme in January 2018. Four hundred thirty farmers and farm labourers with outstanding loans ranging between Rs 1-20 lakh committed suicide in the intervening one year period, the Indian Express reported. The data, which is based on revenue department and police records,...
More »Union Cabinet may soon approve relief package for farmers
-PTI The Union Cabinet is expected to soon approve a relief package for farmers grappling with falling prices of their crops and to tackle distress in the farm sector, according to sources. The likely relief package is seen as an attempt to assuage the farming community’s discontent ahead of the general elections. “...The Agriculture Ministry’s proposal on addressing income deficit syndrome of small and marginal farmers is on the agenda (at the Cabinet...
More »Jean Dreze, the Belgian-Indian economist, interviewed by Ujjawal Krishnam (National Herald)
-National Herald Well-known Belgian-Indian economist Jean Drèze, reflects on the times we live in this animated conversation with Ujjawal Krishnam Jean Drèze, the Belgian-Indian economist, true to his reputation, laces humour and an acerbic wit to reflect on the times we live in. Self deprecating, he brushes aside the question how he juggles between his roles as economist, activist and teacher. He wonders at the multi-tasking ability of Indian women instead. Nor...
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