-The Economic Times Yogi Adityanath’s government in Uttar Pradesh opened a Pandora’s box of loan waivers and there seems to be no stopping it. The BJP, perceived by many as a reformist party committed to addressing chronic structural issues, is taking Populism to new heights. Loan waivers could prove to be a huge drain for the exchequer and might deal a blow to the creation of much-needed infrastructure in agriculture. The chief...
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Madhya Pradesh farmer protest: Loan waivers are worst form of Populism, they won't solve real issues -Mihir Shah
-Firstpost.com I am totally opposed to farm loan waivers as it will undermine the integrity of farmers. When state governments announce farm loan waivers, it is a knee-jerk reaction. Why are farm loans being given at all? Instead, the government should focus on the real issues that affect the agrarian sector. Since it hasn’t, you have agitations hitting the road with farmers protesting. The Uttar Pradesh government’s decision to waive off farmer...
More »Balancing act in Budget 2017 is a curse for the poor -Yogendra Yadav
-Firstpost.com It was a replay of last year. Finance Minister Arun Jaitley read out his budget speech, paying special attention to agriculture and rural areas. He highlighted a few figures. The media caught on to his words and figures and declared the budget to be pro-farmer, pro-rural and pro-poor. We analysed the FM speech in our KisanSansad, held this year at Jantar Mantar, to coincide with the budget presentation. We were disappointed...
More »Low health spend alert
-The Telegraph New Delhi: India's public spending on health is about five times lower than the world average, the Economic Survey released today has said, adding the country lacks good models of health care for replication nationwide. The survey, in a section on social sector expenditure trends, has pointed out that the government's annual expenditure on health was 1.2 per cent of the gross domestic product in 2013-14, 1.1 per cent in...
More »Case for targeted basic income -Puja Mehra
-The Hindu The idea of a basic income is not new. The first known suggestion on an unconditional universal basic income for all adults regardless of other income sources was from Thomas More. Centuries later, in 1918, Bertrand Russell discussed a basic income sufficient for necessities as central to the social model combining the advantages of anarchism and socialism that he argued for in Proposed Roads to Freedom. “A certain small...
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