-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....
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Tamil Nadu’s distinct growth path is in peril -Kalaiyarasan A and M Vijayabaskar
-The Hindu The political emphasis on welfare interventions is insufficient to address the emerging developmental issues in the State A major concern in contemporary Indian development is the widening socio-economic disparity across groups and regions. Even when regions perform relatively better in one developmental dimension, it does not often translate into all round development. For instance, Himachal Pradesh and Kerala might have attained better levels of human development but that has not...
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 »Cutting across party lines, House panel tells govt to give effect to 1 of 3 farm laws -Harikishan Sharma
-The Indian Express The stated position of most of these parties is against all three laws; the Congress wants them repealed. The Standing Committee on Food, Consumer Affairs and Public Distribution, which has members from 13 parties including BJP, Congress, TMC, AAP, NCP and Shiv Sena, has asked the government to implement the Essential Commodities (Amendment) Act, 2020 in “letter and spirit.” The Act is one of the three contentious farm laws against...
More »Rs 50,000 crore, or 20% of funds allotted for SC welfare, left unused by Modi govt in 4 years -Neelam Pandey
-ThePrint.in From 2017-18 to 2020-21, approx. Rs 2.6 lakh crore was sanctioned for welfare of Scheduled Castes. Of this, Rs 49,722.18 crore was surrendered by ministries/departments. New Delhi: Around 20 per cent of the funds allocated for the welfare of the Scheduled Castes (SCs) between 2017-18 and 2020-21 — totalling approximately Rs 50,000 crore — were left unused by multiple Union ministries/departments, ThePrint has learnt. This, sources said, has led the Modi government...
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