-PTI 'If public spending is slashed, it will mean cutting down expenditure on social sector scheme." There is hardly any private investment,' explained Finance Minister Arun Jaitley. Finance Minister Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending without which growth will suffer. States levy a high amount...
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Narmada dam: Public Finance, public play -Sudeep Chakravarti
-Livemint.com For the people of India and their “faith” in the Sardar Sarovar dam, it’s really a matter of Public Finance Optics is as air for politicians. It is no different for Prime Minister Narendra Modi and what is commonly known as the Narmada Dam. But even air can sometimes get dense with rhetoric. On 17 September, Modi inaugurated the Sardar Sarovar Dam, the largest project of the Narmada, or Sardar Sarovar Project,...
More »Government pays little heed to NREGA workers' demands
-Press release from NREGA Sangharsh Morcha For the past five days, hundreds of National Rural Employment Guarantee Act (NREGA) workers and their supporters from across the country have gathered at Jantar Mantar to demand the implementation of the employment guarantee act in letter and spirit. They are demanding a substantial increase in the NREGA wages, timely payment of wages, implementation of local plans, expansion of existing entitlements and adequate budget for...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »Appointment of the CAG of India requires an objective and accountable process
-Press Release from Common Cause Common Cause, an organisation dedicated to serving public causes through democratic interventions, is shocked that the NDA government has followed exactly the same practice and procedures as the predecessor UPA government in the appointment of the new Comptroller and Auditor General (CAG) of India. The Narendra Modi government, which claims to have zero tolerance for corruption, has missed a golden opportunity to set a high benchmark...
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