-SabrangIndia.in On-ground voices and detailed reports highlight the need for cash transfers to keep vulnerable groups afloat in face of a growing unemployment Many experts and reports analysing the socio-economic impact of Covid-19 have demanded Fiscal Support for India’s vulnerable and below poverty line (BPL) population amidst the Covid-19 crisis. On June 17, 2021, this notion was reaffirmed when Confederation of Indian Industry (CII) President T. V. Narendran said, “There is an estimated...
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A far-reaching tax measure -Ipsita Agarwalla and Meyyappan Nagappan
-The Hindu The U.S. push for a global minimum corporate tax may help India, but it can also cause international disagreements The Pillar Two proposal was the Organisation for Economic Co-operation and Development’s (OECD) plan to plug the remaining Base Erosion and Profit Shifting (BEPS) issues and provide jurisdictions the right to “tax back” where other jurisdictions have either not exercised their primary taxing right or have exercised it at low levels...
More »Covid-19 and the disease of inequality -Yamini Aiyar
-Hindustan Times The second wave will deepen inequality. Expand support to states, universalise PDS, and ramp up MGNREGS now Abandoned by the State that insisted on locking down, refusing to recognise the damage done to their livelihoods, India’s workers asserted their rights and made themselves heard by walking home in March 2020. The long march home was emblematic of the suffering and hardship unleashed by the first wave. A year later, it is...
More »Govt. has an active role to play during the pandemic in terms of nutritional support, education & jobs, says IFPRI report
A recent report by the International Food Policy Research Institute (IFPRI) states that the countrywide lockdown imposed on 25th March, 2020, which was extended for nearly two months in phases, affected the food and nutritional status of vulnerable sections of the Indian population. It says that a programme like the Mid-Day Meal Scheme covers four-fifth of primary-school-aged children in the country that helps in improving not only nutrition but also...
More »More Fiscal Support is imperative: CII chief -Suresh Seshadri
-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot...
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