-TheWire.in The pandemic and lockdown threw existing budgetary calculus completely out of line. But that provides an opportunity too. In December 2020, talking at a CII meet, finance minister Nirmala Sitharaman reportedly stated: “100 years of India wouldn’t have seen a budget being made post-pandemic like this”. Was it a mere statement of fact, that never before had parts of the budget-making process been done in a virtual manner after a pandemic, or...
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Budget 2021 Is a Chance to Undo the COVID-Induced Inequality That Has Surged Across India -Nikhil Dey
-TheWire.in Ideally, the government should increase the work entitlement for MGNREGA to at least 150 days, double the budget and put in place an urban employment guarantee act. Let’s start with those who did well over the last 10 months. The Sensex index crossed the 50,000 benchmark for the first time on January 21, 2021, with a whopping 70% increase since April 2020. The Oxfam inequality report, just released, gives an idea of...
More »Budgeting in a time of crisis -TCA Ramanujam
-The Hindu Keynesian economics offers guidelines for preparing the Budget The Great Depression wrecked the economies of the U.S. and Europe. In the words of Jonathan Alter, when Franklin Roosevelt became the American President in 1933, he was told: “Mr. President, if your programme succeeds you would be the greatest President in American history. If it fails, you will be the worst one”. Roosevelt replied: “If it fails, I will be the...
More »Time-Use Survey Report 2019: What Do We Learn About Rural Women? -Madhura Swaminathan
-Review of Agrarian Studies In 2019, the National Statistical Office undertook India’s first-ever national time-use survey, the results of which have recently been published (GoI 2020). Time Use in India 2019 (henceforth, TUS19) provides information on time spent by men and women in rural and urban areas of all States in different activities during one full day. From such a survey, we should be able to gauge the time spent on...
More »Mysuru man builds houses with construction debris -K Rathna
-The New Indian Express Budget 2021-22: Rising poverty, falling health parameters, worsening educational outcomes, inadequate housing and widespread UNEMPLOYMENT are the biggest challenges facing the Indian economy. MYSURU: From a distance, a house at Harthale, Nanjangud, looks like any other in the locality. But you step inside, and you will find recycled wooden windows and doors procured from demolished buildings, broken ceramics for surface, mud concrete blocks made out of building waste,...
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