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...
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The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
More »Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
More »What the RCEP retraction foretells -Renu Kohli
-The Telegraph Without simultaneous steps to raise productivity, passive acceptance of lost competitiveness has shaped India's approach India’s last-minute withdrawal from the Regional Comprehensive Economic Partnership agreement has elicited much commentary. That it happened after exciting positive signals from senior government functionaries amidst vociferous opposition by noted lobby groups surprised all. A sizeable segment, however, backs the retreat, noting India’s current economic situation and low competitiveness to describe it as economic and...
More »UNICEF suggests recipes for healthy children
-PTI UNICEF releases booklet on how to tackle problems of underweight, obesity and anaemia among children From uttapam to sprouted dal parantha - a book by UNICEF tells how to tackle problems of underweight, obesity and anaemia among children by consuming nutritious food that costs less than Rs.20. The book has been based on the findings of the Comprehensive National Nutrition Survey 2016-18 which found that 35 per cent of children under...
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