-Hindustan Times Several announcements — a bad bank, the proposal for a development financial institution, and bank recapitalisation — aim at reforming the economy. But these will not respond to the structural inequalities caused by the pandemic Covid-19 is a crisis like no other. And, expectedly, it has wreaked havoc on the Government of India (GoI)’s financial arithmetic as it struggled to deal with collapsing tax revenues and increased expenditure pressures. Therefore,...
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Despite some hits, the Budget has crucial misses -R Nagaraj
-The Hindu That there is no targeted employment programme to alleviate the immediate crisis is a matter of concern The Budget, at its simplest, is the government’s tentative income and expenditure statement. Like all financial statements, the devil lies in the fine print. At its broadest, the Budget is a pious statement of the government’s policy and ideological intentions. It is also the government’s statement of how it seeks to tackle the...
More »Why we must listen to farmers -Sudeshna Maya Sen
-IDROnline.org Agriculture value-chains can only be strengthened by listening to multiple actors; most importantly, farmers. India has been witnessing a spate of month-long farmer protests across the country, particularly in the national capital, against the recently introduced farm bills by the central government. One of the major reasons behind these agitations, including calls for repealing the law, is that farmers were not actively involved in the policymaking cycle of these laws, which...
More »Recovery from pandemic may take years. Government must invest in welfare projects -Nishtha Tewari
-The Indian Express The current scenario is ideal for policymakers and practitioners to drive home the importance of health spending and institutional development With the first batch of anti-COVID vaccines being rolled out, the mood of the nation seems to be upbeat as it bids farewell to the pain and anguish of last year. The emergency-use approval to the vaccine developed by Oxford University and the Swedish-British pharma major AstraZeneca, manufactured in...
More »‘Mere Paas Sarkaar Hai’ -Mihir Shah
-TheIndiaForum.in The uniqueness of agriculture calls for continued & not less government intervention. Reform of Indian agriculture is needed, but this must be to enhance state capacities and strengthen regulatory oversight. What would be a “better government that is better”? Over the past 30-40 years, all over the world, the word “reform” has come to acquire a very specific meaning. Summed up as the Washington Consensus, it proposes reducing the role of...
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