-PTI/ The Hindu Business Line Time for bureaucracy to take meaningful action, says former RBI governor Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding unfortunately, after an initial burst of activity, it seems to have retreated...
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Centre’s Covid-19 fiscal stance is flawed -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future. The Monthly Economic Report of...
More »Centre’s stance on GST compensation to states is untenable, legally and morally -TM Thomas Isaac
-The Indian Express The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally. The relation between the Centre and the states has reached its nadir with the controversy over the GST compensation payment. The shortfall in GST revenues in 2020-21 from the protected level will be of the order of Rs 3 lakh crore. The...
More »Steady rise in share of daily-wagers in suicides, 23% in 2019 -Harikishan Sharma
-The Indian Express At nearly a quarter of the suicides, or 32,563 of the total 1,39,123, the daily-wage earners comprised the largest chunk of such deaths recorded by the National Crime Records Bureau (NCRB) last year The share of daily-wage earners among those who died by suicide has been steadily rising, doubling to 23.4 per cent in 2019 as compared to six years before. At nearly a quarter of the suicides, or 32,563...
More »Prashant Bhushan, noted Supreme Court lawyer and human rights activist, interviewed by Krishnadas Rajagopal (The Hindu)
-The Hindu If you have not said anything wrong and if you fully believe in what you have said, then your ego should be such, your self-righteousness should be such that you don’t cave in just because they are offering you an easy way out, says the civil rights lawyer. Civil rights lawyer Prashant Bhushan was punished for criminal contempt by scandalising the Supreme Court. The court punished him with a ₹1...
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