-The Hindu A major solution to the present economic crisis is to go in for inclusive growth; it also means shared prosperity The Indian economy is going through a severe crisis: a slowdown as well as a structural crisis. In the words of the former Chief Economic Adviser, Arvind Subramanian, it is headed towards the ICU. Almost all sectors of the economy are in decline: the rate of growth of the national...
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With savings rate falling, phasing out exemptions may hit it harder -Udit Misra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
More »Govt may trim budget allocation for PM-Kisan
-PTI New Delhi: The government may reduce allocation for the PM-Kisan scheme by 20 per cent to around ?60,000 crore in the upcoming budget due to implementation hurdles in some States, according to sources. The Centre had allocated Rs. 75,000 crore in the Budget Estimate (BE) for 2019-20 to implement the scheme, under which Rs. 6,000 is being provided to farmers per year in three equal instalments. Please click here to read more. ...
More »Refrain within BJP: Economy big worry, may spill onto streets -Ravish Tiwari
-The Indian Express The BJP leaders, however, said they hope the Budget may be able to instill some confidence and arrest the current downward slide. While the BJP has publicly ratcheted up heat against CAA-NPR-NRC protests with an eye on Delhi elections, several responsible functionaries within the party and the government privately acknowledge that economic slowdown as the real concern. “The biggest fear is if growth doesn’t pick up, it will spill onto...
More »Agriculture as solution -Harish Damodaran
-The Indian Express Turnaround in farm prices is the only good news in today’s overall dismal economic environment. The Narendra Modi government’s first term (June 2014 to May 2019) was marked by benign consumer food price inflation. At a mere 3.3% year-on-year, it averaged below even the 4.3% for overall retail inflation. Politically, the ruling party benefited, given that there are far more consumers of milk in India than dairy farmers. The...
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