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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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...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »Concentration of power in India Inc: Regulator reviews seven key sectors -Pranav Mukul and Anil Sasi
-The Indian Express Simultaneously, it has started a review of all model concession agreements — the legal contract that forms the basis of the public-private partnership — across four key infrastructure sectors: airports, ports, electricity and railways. AMID the unprecedented concentration of power in at least seven core sectors in corporate India, from pharma and telecom to airports and ports, the Competition Commission of India has launched a set of detailed investigations...
More »Post COVID-19, ILO calls for national-level policy on those working from home -Kiran Pandey
-Down to Earth There is an urgency to adopt global labour standards and improve national-level labour registries for home-based workers, organisation says in its new report There is a need to develop effective policies for home-based workers and ensure their proper implementation even as the practice had increased since the novel coronavirus disease (COVID-19) pandemic, the International Labour Organization (ILO) said in a new report. Just 10 countries had ratified the Convention on...
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