-Article-14.com One of the issues that brought Prime Minister Narendra Modi to power in 2014 was corruption, the antidote to which was to be a Lokpal, a public ombudsman. His government reluctantly set it up only five years later, after a Supreme Court order. In 2021, it received no more than 30 complaints, with critical posts of inquiry and prosecution chiefs vacant, a third of its budget unused and a former...
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Should the government loosen its purse strings? -Prashanth Perumal
-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
More »Dropping the ball on growth and jobs -Santosh Mehrotra
-Financial Express The state desperately needs a strategy for labour-intensive manufacturing; the attacks on cattle-trade have knocked down its once-thriving leather industry In 1955, the share of population below the poverty line (NSS 1955) in Uttar Pradesh was 64%, not too different from that in the Madras State (present-day Tamil Nadu), at 73.6%, or in West Bengal, at 53.6%. Four decades later, in 1993-94, while India’s poverty rate was 45.3%, UP’s was...
More »China's population grows by less than half-a-million in 2021; birth rate falls for 5th consecutive year
-PTI/ The New Indian Express The figure does not include Hong Kong and Macao residents and foreigners who live in the mainland's 31 provinces, autonomous regions, and municipalities, the NBS said. BEIJING: China's population grew by less than half a million-last year to 1.41 billion as the birth rates fell for the fifth consecutive year, stoking fears of a looming demographic crisis and its adverse impact on the world's 2nd largest economy. At...
More »Oil, budget and economic sentiment -Roshan Kishore and Vineet Sachdev
-Hindustan Times Traditionally, Union budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union budgets have mattered for people...
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