During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
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Divestment goal achievable; LIC IPO to fetch ₹1 lakh crore: CEA
-PTI/ The Hindu Inflation targeting helped in lowering volatility, level of inflation, he says Asserting that the disinvestment target of ₹1.75 lakh crore for 2021-22 was ‘eminently achievable,’ Chief Economic Adviser (CEA) K. V. Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner ₹1 lakh crore for the government. He also said targeting of retail inflation by the Reserve Bank of India (RBI) has helped bring down...
More »India’s true self-reliant entrepreneurs -Maitreesh Ghatak and Mukulika Banerjee
-Hindustan Times The lockdown showed how migrant workers, let down by the State, community and market, are the nation’s most valuable resource Atmanirbharata is India’s new economic policy. Nirbharata means reliance, and atma means the self. The Atmanirbhar Bharat Abhiyan, announced by Prime Minister (PM) Narendra Modi, following the lockdown announced on March 24, 2020, calls for India’s economic mission to be based on self-reliance. Recently, the PM extolled the virtues of...
More »Aadhaar as a hurdle: On authentication failures and welfare delivery
-The Hindu Inefficiencies in the Aadhaar project should not come in the way of welfare delivery The Supreme Court, on Wednesday, did the right thing by terming as serious the allegation by a petitioner that three crore ration cards were cancelled for not being linked with the Aadhaar database and that these were connected to reported starvation deaths in some States. The unique identification scheme has been in existence for more than...
More »Lessons in direct income support from Odisha -Varad Pande and Shilpa Kumar
-The Indian Express Governments can learn much on how to construct a social welfare system for farmers from Odisha's KALIA scheme for DIS. The recent farmer agitation has brought the issue of farmer distress front and centre in the public consciousness. The time seems ripe to find new solutions to the structural challenges facing farmers. One promising step is the shift from non-targeted agriculture subsidies towards direct income support (DIS). A key...
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