-The Hindu Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment. Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a...
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No Atma, Lots of Nirbharta: The Socio-Ecological Bankruptcy of Modi’s Self-Reliance Stimulus -Ashish Kothari
-TheWire.in The most blatant example of ecological illiteracy in the name of ‘self-reliance’ is that of coal mining – a sector which is being opened up in parts of central India which were hitherto off-limits. For a government that is tom-tomming its environmental record across the globe, it is interesting that nature, ecology and environment are almost totally absent from the Indian government’s COVID-19 recovery or Stimulus Package labelled ‘Atmanirbhar Bharat’ (self-reliant...
More »An agriculture-led revival as flawed claim -R Ramakumar
-The Hindu The crisis in agriculture demands that the government announce a strong fiscal stimulus for the rural economy A rather confident statement heard in the midst of India’s COVID-19-induced economic slowdown is this: “Agriculture will lead India’s economic revival”. But how valid is this claim put forward by government spokespersons and some observers? Four major arguments are offered. First, India’s food grain production in 2019-20 was 3.7% higher than in 2018-19. The...
More »PM Modi launches fisheries, animal husbandry schemes in poll-bound Bihar -Gyan Varma and Anuja
-Livemint.com * The PMMSY scheme is part of the ₹20 trillion Stimulus Package announced earlier this year by the Union government. PM Modi also announced the launch of e-Gopala mobile app, that provides solutions on issues related to livestock to the farmers. NEW DELHI: Prime Minister Narendra Modi on Thursday launched ₹20,050 crore-Pradhan Mantri Matsya Sampada Yojana (PMMSY) aimed at developing the country’s fisheries sector sustainably. The virtual conference also witnessed the launch...
More »Centre’s stance on GST compensation to states is untenable, legally and morally -TM Thomas Isaac
-The Indian Express The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally. The relation between the Centre and the states has reached its nadir with the controversy over the GST compensation payment. The shortfall in GST revenues in 2020-21 from the protected level will be of the order of Rs 3 lakh crore. The...
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