-Citizen's Report on Year Two of the NDA-II Government 2020-2021: Promises and Reality, Civil Society Initiative, Coordinated by Wada Na Todo Abhiyan, released in July, 2021 “Promises & Reality – Citizens’ Report on the Year Two of the NDA II Government, 2020-21” is a collective work by eminent members and organisations of the Indian civil society. The report covers a wide array of concerns and issues in thematic areas including health,...
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More fiscal support is imperative: CII chief -Suresh Seshadri
-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot...
More »During COVID-19 pandemic, India’s debt to GDP ratio increased from 74% to 90%, says IMF
-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
More »A changing fiscal framework -Dipankar Dasgupta
-The Hindu The government’s announced fiscal policy stance and the fiscal regime it is running seem contradictory There used to be a time — and this was well before India began to globalise — when each Union Budget announced sales tax increases on tobacco products, especially cigarettes. The demand for cigarettes being somewhat inelastic, the rise in tax was expected to be a shot in the arm for the revenue-starved government of...
More »Mid-Day Meals play a crucial role in guaranteeing child nutrition in the post-pandemic world
School meals ensure nutrition for millions of vulnerable children across the world. Almost 370 million children worldwide are covered by school feeding programmes. While 100 million school children benefitted from the noon meal scheme in India prior to the COVID-19 pandemic, countries like Brazil (48 million), China (44 million), South Africa (9 million) and Nigeria (9 million) too run similar programmes for school children. However, an estimated 39 billion in-school...
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