-Down to Earth Studies have pegged Consumption of phosphatic fertilizers in Punjab at ten times higher than the national average The media has consistently reported on cancer deaths in the Malwa region of Punjab. While a definite scientific finding on the same is awaited, there have been varying conclusions which may, at best, be speculative in nature. But first, it is important to bring out facts which are uncontested. Studies have pegged Consumption...
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A Low Growth, No Employment and No Hope Budget for ‘Aspirational India’ -KP Kannan
-Economic and Political Weekly The Union Budget of 2020 is conspicuous by its non-recognition of the ongoing and widely discussed slowdown of the economy, let alone its impact on the different sections of the people. Given the negative growth in employment and Consumption in the rural economy, the budget seems like a cruel joke on the plight of the poor, in general, and women, in particular. Instead of measures for boosting...
More »Story of budget '20, in 9 charts -Team Plain Facts
-Livemint.com With no significant spending increase to boost Consumption or other major reform, the 2020 budget may lack the firepower to reignite the economy A growth slump, a precarious fiscal position and rising inflation: these are extraordinary times for the Indian economy. Yet in the 2020 Budget, these extraordinary times did not lead to the extraordinary measures so many economists were clamouring for. Like previous budgets under this government, the latest one...
More »Freebies work in the short term & aren't really free -Puja Mehra
-Livemint.com * There is no such thing as a freebie in economics because ultimately somebody has to bear the cost of the supposedly free giveaways * CAG’s financial audit for 2013-18 concluded that Delhi has no debt sustainability issues as its GSDP grew faster than its public debt The Aam Aadmi Party’s win in the Delhi elections has inspired others to replicate its strategy. The West Bengal government’s last full budget before state...
More »Union Budget 2020-21: An expert's guide to rural distress -Jitendra
-Down to Earth Nirmala Sitharaman's Budget has all the ingredients to deepen India’s farm crisis These are desperate times for India. Rural unemployment was at a 45-year-high while Consumption expenditure of rural families fell 9 per cent between 2011-12 and 2017-18, according to a report by the National Sample Survey Office (NSSO), which the government never released but got leaked to the media in November 2019. Between 2011-12 and 2015-16, the income of farmers...
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