-Newsclick.in Large-scale privatisation of the vaccination programme is happening, cutting of low-paying sections of the population. Yet, other discrepancies remain, calling for an audit by CAG. India is facing an acute vaccine shortage. The impression that generally prevails is that this shortage is because while production capacity is slow to increase, there has been a sudden spurt in vaccine demand since vaccination is now open for the 18-44 years age group in...
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The Proposal for a Minimum Global Corporate Tax Rate -prabhat patnaik
-NetworkIdeas.org Following its $1.9 trillion Covid-relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion. But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a...
More »Prioritising the right to life -Harsh Mander, Jayati Ghosh and prabhat patnaik
-The Hindu A monthly cash transfer to informal workers will provide them relief and also revive the economy The majority of India’s working population is today reeling from the impact of multiple crises: a health emergency more ferocious than any in independent India; massive job losses and dramatic declines in incomes from work; and significantly increased mass hunger and worsening nutrition. Many failures The Supreme Court on May 13 directed the Centre and the...
More »Current Inflationary Upsurge in India a Centrally-administered Phenomenon -prabhat patnaik
-Newsclick.in The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact. The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been...
More »Why privatising public assets is poor economics, impetus to greater wealth inequality -prabhat patnaik
-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....
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