-Vikalp.ind.in The unplanned countrywide COVID-19 lockdown has resulted in widespread distress to both principal classes among the rural population namely the peasants and agricultural workers. Peasants suffered in the first place from crop losses due to unplanned lockdown induced delay in harvesting of mechanised crops. Apart from this an additional problem for peasants was the elevated fluctuation in prices (fall in nominal prices more often than not) of both crops and...
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Covid-19 crisis calls for universal delivery of food and cash transfers by the state -Jayati Ghosh, Prabhat Patnaik and Harsh Mander
-The Indian Express In these dire circumstances, it is essential for the state to directly provide the basic means of survival to anyone who needs it. This must be in both cash and kind. The immediate need for universal food and cash delivery is by now obvious and urgent. Across the country, there are reports of people — migrant workers, local workers, peasants, pastoralists, fisherpeople, vendors, ragpickers, and the destitute — facing...
More »Data: How lack of health insurance is affecting the poorest in India -Vignesh Radhakrishnan & Sumant Sen
-The Hindu Owing to low health insurance coverage in India, especially for the poor, households have to dip into their savings or borrow to meet hospital bills A majority of Indians did not have health insurance as of 2017-18. Coverage levels varied widely based on ‘wealth classes’. The poorest were the least covered as they mostly depended on government schemes, while the richest fared better and relied more on private insurance Abysmal coverage Among...
More »Spend to grow -C Rangarajan and DK Srivastava
-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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