Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...
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YV Reddy, former Reserve Bank of India governor and chairperson of the 14th Finance Commission, interviewed by Roshan Kishore (Hindustan Times)
-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
More »Without land or recourse -Kalpana Kannabiran
-The Hindu The Supreme Court order on the eviction of forest dwellers raises very disturbing questions The order of the Supreme Court issued on February 13 with respect to the claims of forest-dwelling peoples in India — the Scheduled Tribes and Other Traditional Forest Dwellers — is a case of the Supreme Court speaking against itself. In effect, the court has ordered the eviction of lakhs of people whose claims as forest...
More »The state of the States -US Mishra & S Irudaya Rajan
-The Hindu The SDG India Index overlooks the aspect of inter-dependence of Sustainable Development Goals India was one among the 193 United Nations member states to adopt the Sustainable Development Goals (SDGs) in September 2015. It has been making sincere efforts to achieve these goals. The SDG India Index: Baseline Report 2018, released to the public in December 2018 by NITI Aayog, is a useful comparative account of how well different States...
More »Income transfer can ease farm distress -A Narayanamoorthy & P Alli
-The Hindu Business Line It scores over loan waivers as it benefits all farmers and gives them more control over the cultivation and sale of their produce There is an illusion across various quarters that a one-time farm loan waiver can remove all the hardships farmers have been going through over the last 15 years or so. This illusion has been occupying more space in public discourse in recent months because of...
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