-The Hindu The belt-tightening requires the poor to pay increased indirect taxes while the cushion of the social sector is consistently taken away from them. There is always a hype around a Union Budget but this time around, the expectations were running sky-high in terms of it being the make-or-break Budget for the Narendra Modi-led government since it happens to be in the middle of his five-year term. I must say at...
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Is there room in the budget for a big rural stimulus? -Roshan Kishore
-Livemint.com Three questions can help understand whether the budget has enough wherewithal to provide a big rural stimulus New Delhi: The government has given enough signals that the distress-ridden rural sector would receive special focus in the forthcoming Budget. On Monday, a Mint report quoted senior officials in the agriculture ministry saying that there could be a significant increase in budgetary allocations for crop insurance and irrigation. But in the backdrop...
More »Social goods lead to public good -Ashok Varma
-The Hindu Business Line Higher social sector spending by the government boosts income and consumption, and spurs growth India’s economic growth is now much more closely linked to the state of the rural economy than it ever was. Sustaining a 7.5-per cent growth in GDP would be contingent on higher growth in rural household consumption. Rural expenditure grew 5.7 per cent annually during 2005-15 — against 5 per cent annual growth in the...
More »More than Make in India, Jaitley Needs to Focus on Farm in India -Devinder Sharma
-TheWire.in We are in a moment when the global economy shows no signs of revival; Russia and Japan are faced with recession, and emerging economies like Brazil and South Africa are in dire straits. There is no silver lining visible as far as domestic industrial growth is concerned. At such a time, all eyes are on Union finance minister Arun Jaitley to see how he plans to sustain economic growth that...
More »Prof. Jan Breman, Professor Emeritus at the Amsterdam Institute for Social Science Research, interviewed by G Sampath
-The Hindu Jan Breman takes a long view of the changes he’s seen in India over half a century. Perhaps no other scholar in the social sciences has studied India’s poor and its informal economy as intensively as Jan Breman. The sheer temporal span of his research is mind-boggling. He began his study in south Gujarat 15 years after India’s Independence — in 1962. And he was in south Gujarat in...
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