-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...
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Wrecking Fiscal Federalism -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org India’s Constitution puts the bulk of responsibility for the basic goods and services to be provided to citizens on to state governments. That is also why it mandated that independent Finance Commissions be appointed every five years to determine the distribution of tax revenues between Centre and the various states. Successive Finance Commissions (FCs) have also recognised that state governments necessarily require more resources to fulfil their obligations, which is...
More »In agri-credit, small farmers are still outside the fence -AS Mittal
-The Hindu The agriculture sector’s performance has not been commensurate with the increasing subsidised credit it receives Farmers on the warpath would mean that agriculture reforms have again occupied centrestage not just in the minds of the politicians but also policymakers. To enable small farmers to diversify their crops or improve their income they must have access to credit at reasonable rates of interest. This has been an agenda of the triad...
More »Jayati Ghosh named by U.N. to high-level advisory board on economic, social affairs
-PTI/ The Hindu Indian development economist Jayati Ghosh is among 20 prominent personalities appointed by the United Nations to a high-level advisory board that will provide recommendations for the U.N. Secretary-General to respond to the current and future socio-economic challenges in the post-COVID-19 world. Ms. Ghosh, 65, is a professor of economics at University of Massachusetts Amherst. She has taught economics at Jawaharlal Nehru University for nearly 35 years and has authored...
More »10 million girls at risk of dropping out of school because of the COVID-19 pandemic: RTE Forum -Divya Trivedi
-Frontline.in Ten million girls in India could drop out of secondary school due to the COVID-19 pandemic, according to a Right to Education Forum policy brief. With 1.6 million girls aged 11 to 14 years currently out of school, the pandemic could disproportionately impact girls further by putting them at risk of early marriage, early pregnancy, poverty, trafficking and violence. Released on January 24, the International Day of Education and National Girl...
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