-IndiaSpend.com The guidelines of the restructured scheme, Saksham Anganwadi and POSHAN 2.0, are still being worked out and POSHAN 2.0 has not yet been approved, an RTI response revealed New Delhi: In 2021, the government consolidated several programmes for children, adolescent girls and creches, supplementary nutrition and POSHAN (Prime Minister's Overarching Scheme for Holistic Nourishment) into an umbrella programme called Saksham Anganwadi and POSHAN 2.0. But there is confusion over the objectives...
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Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik
-Newsclick.in India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far. The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious...
More »Climate and food price rise: Extreme weather events triggering unprecedented food inflation -Richard Mahapatra
-Down to Earth Unfavourable, unreliable weather hurt agriculture, in turn pushing food prices our of reach across the world At 14.23 per cent, India’s wholesale inflation rate in November 2021 was the highest in three decades. It did reduce marginally to 13.56 per cent the next month, according to government data released January 14, 2022. But even that is bad news for the Centre ahead of Assembly elections in five states, including...
More »Should the government loosen its purse strings? -Prashanth Perumal
-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
More »Global unemployment projected to stand at 207 million in 2022: ILO -Susan Chacko
-Down to Earth The COVID-19 pandemic prevented a full and balanced recovery of labour markets in 2021 Global unemployment is projected to stand at 207 million in 2022. This is 21 million more than in 2019 before the novel coronavirus disease (COVID-19) pandemic began, according to the ILO World Employment and Social Outlook – Trends 2022. Global working hours in 2022 will be almost two per cent below their pre-pandemic level — that...
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