-The Indian Express There is an ambiguous provision to levy income tax on “dairying”. Either the provision should be removed or it should be clarified that it does not include dairy farmers. Dairying is a part of agriculture and as per the Constitution, it is a state subject. Those in power may not yet be accepting blame for the barrage of negative news on the state of the economy, but cracks are...
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From Jan Breman, a Treasure Trove of Essential Analysis on Labour, Bondage and Capitalism -Jayati Ghosh
-TheWire.in Breman's central finding about the close coexistence of capitalism and labour bondage contains remarkable nuggets of hope for transcendence. For more than half a century, Jan Breman has diligently, insightfully and creatively studied the life of labour in India, and specifically in Gujarat. His searing descriptions and acute analyses based on painstaking fieldwork and a broad but clear theoretical framework have informed our understanding of the conditions of rural – and urban...
More »Is MGNREGS the answer to the rural slowdown? -Sneha Alexander & Nikita Kwatra
-Livemint.com MGNREGS could alleviate rural distress but, in its current form, its overall impact on the rural economy is limited in scope With rural distress deepening across India and private consumption growing anaemically, calls for ramping up the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), are growing louder ahead of the upcoming budget. Proponents of MGNREGS believe that it may be the only ammunition in the government’s arsenal to fight rural...
More »With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
More »Budgeting for jobs, skilling and economic revival -Ram Singh
-The Hindu The Budget needs to provide direction to India’s tottering economy and a boost to aggregate demand and investment The forthcoming Union Budget will determine whether India’s economic engine gets the steam needed for a rebound, or the current economic situation becomes even worse. Not just the future of the economy, the future of the country’s youth depends on the Budget. The unemployment rate at 6.1% (Financial Year 2017-2018) is the highest...
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