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How updated land records can help revive rural economy -Prerna Prabhakar

-The Indian Express With livelihoods affected during the pandemic, the importance of land ownership for access to formal loans as well as government relief programmes became more evident. But the relatively poor availability of clear and updated land titles remains a hurdle. For a significant section of the rural poor, land is both an asset and a source of livelihood. Many informal jobs in the urban centres were lost as the economy...

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Jobless growth: the pandemic has revealed India’s crisis of unemployment -Himanshu

-The Indian Express The current model of economic growth prioritises capital over labour and is unlikely to resolve the unemployment crisis. COVID-19 infections are once again on the rise with daily infections crossing 60,000 per day last week. This is considerably higher compared to the reported infections during the same period last year when the numbers were less than 500 per day. What is obvious is that the pandemic is far from...

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China may have become more prosperous in comparison to India in 2020, estimates new study

During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...

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Why privatising public assets is poor economics, impetus to greater wealth inequality -Prabhat Patnaik

-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....

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Tamil Nadu’s distinct growth path is in peril -Kalaiyarasan A and M Vijayabaskar

-The Hindu The political emphasis on welfare interventions is insufficient to address the emerging developmental issues in the State A major concern in contemporary Indian development is the widening socio-economic disparity across groups and regions. Even when regions perform relatively better in one developmental dimension, it does not often translate into all round development. For instance, Himachal Pradesh and Kerala might have attained better levels of human development but that has not...

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