-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...
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Centre’s stance on GST compensation to states is untenable, legally and morally -TM Thomas Isaac
-The Indian Express The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally. The relation between the Centre and the states has reached its nadir with the controversy over the GST compensation payment. The shortfall in GST revenues in 2020-21 from the protected level will be of the order of Rs 3 lakh crore. The...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »Recent survey by civil society group show 'access-to-food' situation improves in Jharkhand, although much is required to be done for the poor & marginalised
-Press release by Right to Food Campaign, Jharkhand chapter, dated 26th May, 2020 Following the first round of quick survey of essential facilities in rural areas of Jharkhand that was conducted during the first week of April 2020, a second round of survey was done in the second and third week of May this year by members (called "observers") of the Right to Food Campaign, state chapter. Like the previous one,...
More »Choking the Lifeline of Rural Economy: MGNREGS during COVID-19 Lockdown -Manish Kumar
-Vikalp.ind.in When the entire country is under a lockdown and many economic activities stopped, thousands of unemployed workers are returning to their home states due to lack of money and food. In such a situation, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) could have played a very important role in generating income and demand in the economy. However, the official data available from the MGNREGS website of the Ministry...
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