-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot...
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Why do MSMEs rarely get compound interest on delayed payment claims? -Vivek Sharma
-TheLeaflet.in ExPLAining the predicament of Micro, Small and Medium Enterprises (MSMEs) when opting for payment claims under the MSME Development Act, 2006, VIVEK SHARMA writes about why, in practice, the statutory compound interest enshrined in the law is rarely executed, and offers suggestions to bolster the law and secure the interests of MSMEs in this regard. MICRO, Small and Medium Enterprises (MSMEs) PLAy a significant role in India’s GDP and export story....
More »Why ‘excess mortality’ figures for Covid must be calculated -Chinmay Tumbe
-The Indian Express They will not only help capture the true scale of the tragedy, but will also help in PLAnning better for the next waves of the pandemic. In his memoirs, the writer Suryakant Tripathi (1896-1961), better known as Nirala, described the river Ganga as “swollen with dead bodies” when the deadly second wave of the influenza pandemic struck India in 1918. The pandemic was a deeply traumatic experience for him,...
More »Lack of Political Will, Not Grains, Is Why We Do Not Have Universal PDS -Shambhavi Sharma and Sourya Majumder
-TheWire.in Can the Union government exercise its sovereignty in extending food subsidies to states during a historic crisis despite an enlarged fiscal deficit? Some states have started responding to the Supreme Court’s directions on ensuring food security, cash transfers and transportation for migrant workers. It is time the Union government steps up. In a suo moto hearing on May 13, the Supreme Court observed that migrant workers have once again been left in...
More »Labour Ministry’s Helpline Numbers for Migrants: ‘A Patchy Afterthought’
-Newsclick.in The Stranded Workers Action Network (SWAN) said that its volunteers called 80 officers from across the 20 zones and enquired about the assistance being provided to migrant workers. The Union Labour Ministry’s helpline numbers for migrant workers are more of a “post office”, a group of researchers from the Stranded Workers Action Network (SWAN) said on Monday, May 24, thus concluding that lessons from last year have not been learnt by...
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