-Livemint.com * There is no such thing as a freebie in Economics because ultimately somebody has to bear the cost of the supposedly free giveaways * CAG’s financial audit for 2013-18 concluded that Delhi has no debt sustainability issues as its GSDP grew faster than its public debt The Aam Aadmi Party’s win in the Delhi elections has inspired others to replicate its strategy. The West Bengal government’s last full budget before state...
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Reality of Reforms: Education policy and a Bihar college -Shreya Roy Chowdhury
-Career360.com BEGUSARAI, BIHAR: Ganesh Dutt College in Begusarai, Bihar, offers a paper on gender Economics as part of the postgraduate Economics programme. It will enrol students, suggest books, conduct internal tests and assess them. It just won’t teach it in class. Students opting for it are on their own. This is not how the Economics department wants to run things. But it has 960 undergraduate and postgraduate students and three teachers, who...
More »Every single number is a lie, says Jayati Ghosh
-The Hindu ‘Allocation to job-intensive sectors cut’ “Every single number in the Budget is a lie,” Jayati Ghosh, Professor of Economics at Jawaharlal Nehru University (JNU), said in Mumbai on Sunday of the Union Budget. India’s current slowdown is worse than that of 1991 and 2008, and the Budget has cut allocations to all employment-intensive sectors, further adding to the mess, said Ms. Ghosh, one of the world’s leading development economists. “All the...
More »A Union Budget for no one -Surajit Das
-Newsclick.in The poor, salaried, businesspersons -- all are unhappy. For, the underlying macroEconomics is wrong – the finance minister is trying to solve the aggregate demand problem by supply-side Economics. The annual budget of the Union government was placed in Parliament on the February 1, 2020. In the very beginning of her second budget speech, finance minister Nirmala Sitharaman mentioned that “this is the Budget to boost their (people of India) incomes...
More »Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee
-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...
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