Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
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The limits to India’s privatization push -Arjun Srinivas
-Livemint.com * Privatizing more PSUs is once again the flavour of the season. But data reveals govt is ignoring some hard truths * There are only a handful of sectors where a disproportionate market share and the nature of business gives government firms a case to command a premium About 10 days after the central government iterated on the floor of Parliament its resolve to privatize businesses owned by it on a scale...
More »'Thakur' Shoes: UP Police Detain Muslim Vendor But Agra Firm's Been Selling Brand for Decades -Ismat Ara
-TheWire.in The police action follows a complaint lodged by a Bajrang Dal organiser from Bulandshahr, alleging that the seller was promoting communal disharmony. New Delhi: A Muslim shopkeeper in Uttar Pradesh’s Bulandshahr was detained by the police on Tuesday for selling shoes embossed with the word ‘Thakur’ on the sole with the authorities accusing him of inciting communal hatred. Thakur is a common Hindu name, normally associated with a so-called ‘upper’ caste. The shopkeeper,...
More »The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
More »Why should Indian agriculture be liberalised when in most countries governments subsidise it? -Christophe Jaffrelot and Hemal Thakker
-The Indian Express Without some support from the state, the smallest of Indian peasants would be even more vulnerable. On September 27, President Ram Nath Kovind gave his assent to three contentious farm bills passed by Parliament — The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020 (FAPAFS), the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 (FPTC) and the Essential Commodities (Amendment) Act, 2020...
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