-The Indian Express Surat police filed four cases against 93 people, INCluding leaders of the Patidar Anamat Andolan Samiti and the Congress, after they took out a Tiranga Yatra on tractors and two-wheelers to support the farmers’ protest, and to demand withdrawal of criminal cases against Patidar leaders. Marches were carried out in several parts of the country by farmers and trade unions to express solidarity with the tractor rally in Delhi,...
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Union Budget 2021-22: What should be the priorities for agriculture? -Gurpreet Singh
-Down to Earth INCreasing budgetary allocations towards Rural Employment Guarantee Act is non-negotiable The agriculture sector has continued to serve as a lifeline at a time when the novel coronavirus disease (COVID-19) pandemic has hurt every economic activity in an unprecedented manner. It has not only ensured food supply but also provided livelihoods to daily-wage workers during the lockdown, providing the last resort for those rendered homeless. The Union Budget 2021-2022 to...
More »Budgeting in a time of crisis -TCA Ramanujam
-The Hindu Keynesian economics offers guidelines for preparing the Budget The Great Depression wrecked the economies of the U.S. and Europe. In the words of Jonathan Alter, when Franklin Roosevelt became the American President in 1933, he was told: “Mr. President, if your programme succeeds you would be the greatest President in American history. If it fails, you will be the worst one”. Roosevelt replied: “If it fails, I will be the...
More »Once in a Century Budget: Statement of Fact or Hope? -Arun Kumar
-TheWire.in The pandemic and lockdown threw existing budgetary calculus completely out of line. But that provides an opportunity too. In December 2020, talking at a CII meet, finance minister Nirmala Sitharaman reportedly stated: “100 years of India wouldn’t have seen a budget being made post-pandemic like this”. Was it a mere statement of fact, that never before had parts of the budget-making process been done in a virtual manner after a pandemic, or...
More »Wrecking Fiscal Federalism -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org India’s Constitution puts the bulk of responsibility for the basic goods and services to be provided to citizens on to state governments. That is also why it mandated that independent Finance Commissions be appointed every five years to determine the distribution of tax revenues between Centre and the various states. Successive Finance Commissions (FCs) have also recognised that state governments necessarily require more resources to fulfil their obligations, which is...
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