-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the inFormal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the Formal sector at the expense...
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'Of Hits and Misses: Analysis of Union Budget 2018-19' -CBGA
-Centre for Budget and Governance Accountability (CBGA) Union Budget 2018-19 is the fifth and the final full-year budget of the current ruling dispensation. The major plank on which this government was elected in 2014 with an exceptional mandate were issues of development related to reducing corruption, generating meaningful employment opportunities, tackling inflation (especially food inflation, an issue plaguing the economy at that point of time), reducing inequality, and pushing the economy...
More »Right to Food Campaign demands immediate implementation of Maternity Entitlements as per the National Food Security Act 2013
-Press Release by Right to Food Campaign The Right to Food Campaign demands justice for pregnant women and their infants. For more than four years, all Indian women except those working in government/public sector undertakings have been entitled by law to a maternity benefit of at least Rs. 6000, guaranteed under the National Food Security Act (NFSA, 2013). Yet, the government of India not only has failed to deliver this entitlement...
More »India Economic Survey 2018: Arvind Subramanian says economic revival underway; 4 key takeaways -Sushruth Sunder
-The Financial Express India Economic Survey 2018: Chief Economic Advisor Arvind Subramanian says that the Indian economy is showing robust signs of recovery and a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. Addressing media in the press conference post release of the economic survey, CEA Arvind Subramanian noted...
More »Forced formalisation is not healthy -C Rammanohar Reddy
-Business Standard The large inFormal sector is a consequence - not a cause - of the low level of development For decades, one of the central aims of economic policy in India has been to create conditions for workers to move from low- to high-income employment. This has usually implied a shift from the inFormal sector where productivity is low, to the Formal sector where productivity is high. This process of “formalisation”...
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