-ThePrint.in Indian farmers have read the writing on the wall. India’s economists have not. Do Indian farmers understand the agrarian economy better than Ashok Gulati? Ridiculous as it might sound, the answer could well be: yes. Professor Ashok Gulati is the leading agricultural economist in India, and among the scholars I read, consult and respect. He combines solid scholarship with genuine concern for the farmers. He has the spine to stand against governments...
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Desperate economic situation calls for immediate boost to government expenditure -Prabhat Patnaik
-National Herald Universal Cash transfer to non-income tax households is imperative apart from covering investment on infrastructure, including social infrastructure like healthcare A striking aspect of the 24 per cent decline in GDP in the first quarter of 2020-21 compared to the previous year’s first quarter is the decline by 10.3 per cent in public administration, defence and other public services. This is a sector where the GDP is estimated not by...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »How to reduce food, job insecurity in rural areas -Binoy Acharya, Ved Arya, Pratyaya Jagnannath, and PS Vijayshankar
-Hindustan Times Launch a massive programme to rehabilitate returnee migrants; allocate an additional Rs 50,000 crore for MGNREGS; extend the free ration scheme for six more months; revive and strengthen public systems of service deliver; RBI should give a directive to banks to extend a top-up loan of Rs 10,000 crore to Self-help Groups After the Covid-19 outbreak, 66% of rural households fell short of Cash for food. About 40% reduced their...
More »90,000 ineligible beneficiaries under PM-KISAN Nidhi scheme identified in Villupuram district
-The Hindu As of Sunday, around ₹7.5 crore in Cash credited into the bank accounts of 20,500 ineligible beneficiaries had been recovered VILLUPURAM: The Department of Agriculture has identified as many as 90,000 ineligible beneficiaries under the PM-KISAN Nidhi scheme in the district and recovered ₹7.5 crore so far. A senior official on anonymity said that out of the 90,000 ineligible beneficiaries, as many as 38,000 were from Villupuram district while 60,000 were...
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