-The Telegraph Poverty research pioneer cites US, UK and EU experience; Niti Aayog vice-chairman disagrees, says there’s no guarantee ‘helicopter money’ will lead to spending Nobel laureate Abhijit Banerjee has stepped up to the firing line by arguing the government should make bigger direct Cash payments under the MGNREGA scheme to help people who have slid into poverty due to the pandemic. The government has already indicated it’s not keen on larger direct...
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Prioritising the right to life -Harsh Mander, Jayati Ghosh and Prabhat Patnaik
-The Hindu A monthly cash transfer to informal workers will provide them relief and also revive the economy The majority of India’s working population is today reeling from the impact of multiple crises: a health emergency more ferocious than any in independent India; massive job losses and dramatic declines in incomes from work; and significantly increased mass hunger and worsening nutrition. Many failures The Supreme Court on May 13 directed the Centre and the...
More »Nod for cash payment for COVID bills of over ₹2 lakh
-The Hindu The relaxation has been granted for payments received in cash between April 1 and May 31, provided such healthcare providers obtain the PAN or Aadhaar of the patient and the payee. The government has notified changes to the Income Tax Act to allow Cash payments of over ₹2 lakh for COVID-19 patients’ treatment at hospitals, dispensaries, nursing homes, COVID care centres or other similar medical facilities. The relaxation has been granted...
More »Cash transfers, votes from women and Muslims: 7 reasons why Mamata Banerjee crushed BJP in Bengal -Shoaib Daniyal
-Scroll.in In spite of the media hype, the BJP was no match for the Trinamool Congress juggernaut. The 2021 Assembly elections in West Bengal were bitterly fought. The Bharatiya Janata Party marshalled all its resources, pumping in huge sums of money, bringing in national leaders, influencing election arrangements and getting large sections of the national media to portray it as the favourite. In the end, it all came to nought. The BJP fell...
More »RBI sanctions Rs 21K crore: Punjab gets CCL for wheat procurement
-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...
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