-The Indian Express States have spent less in this year, may focus on fiscal consolidation in the year to come. This belies hopes of a public-spending-led recovery. Over the past few weeks, several state governments have presented their budgets for the financial year 2021-22. These budgets shed light not only on how state finances have fared during the current year (2020-21) but equally critically, detail the expenditure stance of these governments during...
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India reports 35,871 fresh cases; Maharashtra contributes nearly 65% of new infections
-The Indian Express Maharashtra reported this year’s record high of 23,179 Covid-19 cases, accounting for over 60 per cent of new cases diagnosed in India. This is close to the peak of 24,886 that the state recorded in September last year. India detected 35,871 cases of the novel coronavirus on Wednesday, of which 23,179 cases (close to 65 per cent) were from Maharashtra. The number of active cases in the country has...
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...
More »Are We Staring at Another Phase of Dilution of PDS in India? -Shinzani Jain
-Newsclick.in The NITI Aayog recommendations to reduce coverage under the NFSA are in tandem with liberalisation of agriculture pushed forward by the government with the passage of three farm laws. On February 28, 2020, it was reported that the central government’s think tank, NITI Aayog, in a discussion paper recommended a revision in the coverage of urban and rural populations under the National Food Security Act (NFSA), 2013 to generate annual savings...
More »Parliament proceedings: Government welcomes dissent on social media, says Ravi Shankar Prasad
-The Hindu ‘Issue is not of use of social media, it is of abuse and misuse of social media’. Union Communications and Information Technology Minister Ravi Shankar Prasad said on Thursday that climate activist Disha Ravi’s arrest was based on law and order and it is under judicial process. He added that the House should consider “should some people abuse social media internationally to defame India to promote secessionism.” Replying to a question...
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