-The Indian Express The government will spend over Rs 6000 crore on clean drinking water scheme, said CM Vasundhara Raje Chief Minister Vasundhara Raje presented the state financial budget for fiscal year 2017-18 in the Assembly. Here are some of the major announcements made by the chief minister: * 13 districts to benefit from Chambal water * Rs. 10 crore for GIB conservation in Desert National Park by improving grasslands * Launch of Project Leopard to...
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Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
More »Holes in the security net -Anindita Adhikari & Inayat Anaita Sabhikhi
-The Indian Express Demonetisation shows India’s social welfare measures like MGNREGS to be worryingly patchy Following the announcement of demonetisation, reports of its devastating impact on informal sector workers, farmers and migrants began to pour in from across the country. Seeking evidence on two questions — do social security measures work in the face of such an economic shock, and do these programmes themselves face disruption because of demonetisation — we conducted...
More »The slow death of Kanpur's leather economy has fuelled UP's job crisis -Abhishek Waghmare
-Scroll.in / IndiaSpend.com Falling global demand, environmental regulations and contemporary cow politics have choked the leather economy of Uttar Pradesh's largest industrial city. Shadab Hussain, 23, dropped out of school at age 11 to work in a leather factory in Kanpur, the oldest and largest industrial city of India’s most populous state. To support his family, parents and four siblings, he worked eight-hour shifts every day for a monthly salary of Rs...
More »Before Universal Basic Income, We Must First Get Social Spending Basics Right -Anjana Thampi and Ishan Anand
-TheWire.in The Economic Survey 2016-17 devotes a chapter to the provision of a Universal Basic Income (UBI), describing it as a “raging new idea,” a “radical new vision” and “the shortest path to eliminating poverty”. While warning that the UBI “should not become the Trojan horse that usurps the fiscal space for a well-functioning state,” the survey says a de facto UBI can be instituted in the existing “fiscal space”. It...
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