-Newsclick.in Modi government has restrained spending of various ministries including education, social justice, environment and others. Continuing with its policy of cutting down spending, the central government has spent only 47% of the budgeted amount by the end of September 2021. That’s half of the financial year 2021-22 gone. This is a new low (see graph below), and bizarrely, it comes at a time when tax revenues have picked up. As can be...

-Newslaundry.com The state’s River Training Policy appears designed to allow near unfettered mining of sand and boulders by private contractors, bypassing green clearance and scientific assessment. In November 2020, a few months before floods ravaged Uttarakhand, the deputy collector of Purnagiri in Tanakpur district announced an open auction of tenders to desilt the riverbed in Champawat’s villages. Tenders for government work usually seek the lowest bidder, the contractor willing to do the job...

-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....

-The Indian Express India continues to be successful in preventing child deaths, but the health and nutrition of the surviving, living child has deteriorated, somewhat worryingly. The recently released fifth round of the National Family Health Survey (NFHS-5) provides new and reliable evidence to assess some dimensions of micro-development performance before COVID struck. The survey covers health, nutrition (of mother and child) and the overall quality of lives. In a recent piece on...

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...