-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
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Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »A safety net, post Covid: We need to provide minimum income for poor and vulnerable -C Rangarajan and S Mahendra Dev
-The Indian Express We need to provide minimum income for poor and vulnerable — cash transfers for women, increasing MGNREGA to 150 days in rural areas, introduction of urban employment guarantee scheme. In the post corona crisis situation, India has to address many problems, of which two stand out. First, the improvement of our healthcare system and second, the need for the institution of a scheme to provide minimum income support to...
More »Will Indian Agriculture Come out Relatively Unscathed in FY'21? -Siraj Hussain and Jugal Mohapatra
-TheWire.in The outlook for kharif 2020 contains a few good signs, but much will depend on the monsoon. Since the harvesting of most rabi crops was completed in time, despite the nationwide lockdown from March 24 onwards, an impression has gained ground that all is well with Indian agriculture. It is true that due to extraordinary efforts made by government machinery, procurement of wheat in Punjab, Haryana and Madhya Pradesh has been more...
More »From aid to gain -Mahesh Rangarajan
-The Telegraph The Green Revolution revisited The Covid-19 crisis poses many challenges for India. One front that is almost taken for granted. Today, when the world faces the threat of a virus, India as of late April 2020 could declare a food grain reserve of 73.8 million tonnes. Anyone with doubts about gains should take a look at sub-Saharan Africa, many of whose nations are still reliant on food aid from the...
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