-The Indian Express A modified version of the laws with a roadmap can be on the agenda — not everywhere, but most places outside the lands of the five rivers. The Supreme Court took a practical stand on the farm trade laws — implement them after consultation and with a well-defined framework spelt out. It led to the stand the government has taken — of holding the laws in abeyance for 18...
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Budget 2021-22: A political economy perspective -Yamini Aiyar
-IdeasforIndia.in Examining the 2021-22 Union Budget with a political economy lens, Yamini Aiyar contends that the policy choices reflects Government of India’s propensity to centralise rather than to devolve, and a shift away from welfarism. Following the presentation of the Union Budget 2021-22 by Finance Minister Nirmala Sitharaman on 1 February, economists have carefully scrutinised the fiscal math and debated the economic rationale behind the policy choices. Beyond the fiscal math, the...
More »Number Theory: The data India needs to diagnose the economy -Roshan Kishore
-Hindustan Times Most forecasters, institutional and private, have revised their GDP estimates for both 2020-21 and 2021-22. India imposed one of the world’s most stringent lockdowns -- it went on for 68 days -- starting on March 25 to curb the spread of Covid-19 infections. It was this lockdown which triggered a record contraction of 24% in India’s gross domestic product (GDP) in the first quarter of fiscal 2020-21. The economic shock...
More »TV Somanathan, Expenditure Secretary in the Ministry of Finance, interviewed by Vikas Dhoot (The Hindu)
-The Hindu Even with closures, capex exceeded plan, says Expenditure Secretary Expenditure Secretary T.V. Somanathan said the government has been very careful and realistic in its expenditure and receipts projections for 2021-22, and that its push for capital expenditure is the largest ever over a two-year period. Excerpts: * You have called it an expansionary budget, but overall spending is just about ₹33,000 crore in 2021-22 over this year’s revised estimates (RE). Also,...
More »Budget, like farm laws, is marred by gap between intentions of government and ground realities of agriculture -Ajay Vir Jakhar
-The Indian Express Investment in human capital, science and research remains the Achilles heel of Indian policy. The budget allocation for agriculture research and education has constantly declined from 0.31 per cent of the gross value added of agriculture and allied activities in 2011-12 to 0.24 per cent now Seven years of low crude prices, five years of above normal monsoon topped by good agriculture production, and everything looked positive for a...
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