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Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik

-Newsclick.in India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far. The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious...

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A Pandemic and a Union Budget: A Study in Three Acts -Suyash Rai

-TheWire.in How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget? The latest estimates suggest that India’s economic output in 2021-22 is likely to, once again, reach the level it was at in 2019-20. If this happens, the pandemic would have delayed India’s journey to prosperity by two years....

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Climate and food price rise: Extreme weather events triggering unprecedented food inflation -Richard Mahapatra

-Down to Earth Unfavourable, unreliable weather hurt agriculture, in turn pushing food prices our of reach across the world At 14.23 per cent, India’s wholesale inflation rate in November 2021 was the highest in three decades. It did reduce marginally to 13.56 per cent the next month, according to government data released January 14, 2022. But even that is bad news for the Centre ahead of Assembly elections in five states, including...

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Sulli Deals, Bulli Bai and the young and educated hatemongers -Alok Deshpande and Hemani Bhandari

-The Hindu Two apps — Sulli Deals and Bulli Bai — created by young engineering students sought to silence Muslim women by putting a price on their dignity. Hemani Bhandari and Alok Deshpande report on the investigation that led to the arrest of the brains behind these apps It was around 10:30 p.m. on January 5. The Bishnoi family had already turned in when a Delhi Police team arrived at their house...

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Gujarat’s Official COVID Toll Is 10k – But it Received 90k Claims for Compensation

-TheWire.in One report suggests that Tamil Nadu, Telangana and Uttar Pradesh are also underreporting deaths due to COVID-19 Bengaluru: In a strange turn of events, the Gujarat state government informed the Supreme Court on January 16 that it has approved 68,370 claims for ex gratia for COVID-19 victims – while the state’s official cumulative death toll was only 10,094 until then. According to Times of India, the state wrote in its compliance report...

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