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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As Covid Rises, India's 'R' Factor Highest In A Year. What It Means -Chandrashekar Srinivasan
-NDTV The 'R' factor - a statistic used worldwide to track, and potentially, control the spread of the virus - is a measure of how many people are being infected by one person New Delhi: Concern over an alarming increase in new coronavirus cases in India - 131,750 over the past 72 hours - was underlined Monday by a spike in the 'R', or 'reproduction rate', of the virus, which has jumped...
More »Markets have failed to prop up farm incomes -Devinder Sharma
-The Tribune The economic argument in support of market reforms, claiming that farm incomes go up when the number of farmers recedes, has turned out to be untrue. America has lost more than 5 million farms in less than 100 years, and Australia 25 per cent of its farms between 1980 and 2002. The speed at which farmers across the globe have got out of agriculture hasn’t increased farm incomes, but...
More »Increase in notified MGNREGA wages for 2021-22 is negligible in comparison to the pandemic year, state Right to Work activists
-Press release by NREGA Sangharsh Morcha dated 18th March, 2021 The notified MGNREGA wages for various states/ UTs in 2021-22, released by the Centre on 15th March, 2021, has faced criticism from civil society activists. According to the press release by NREGA Sangharsh Morcha dated 18 March, 2021, the increase in MGNREGA wage rates for 2021-22 is extremely meagre. There is no increase in Kerala’s MGNREGA wage rate in comparison to...
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...
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