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Economy sliding into serious stagnation but Modi & Co are clueless - Prabhat Patnaik

-Newsclick.in Reviving the economy requires, apart from social peace, a powerful fiscal intervention going well beyond what neo-liberalism allows. Changes in estimation methods have of late made statistics on the Indian economy increasingly bewildering; besides, whenever the statistics show the performance of the economy in a poor light, the Bharatiya Janata Party (BJP) government simply suppresses them. Nothing, however, can suppress the fact that the Indian economy is sliding into a serious...

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Why an increase in PMAY’s budget shows the scheme has failed - Evita Das

-Newsclick.in An opaque policy, inefficiency and a flawed target plague this scheme. Over the past twelve months, Finance Minister Nirmala Sitharaman has been one of the most-cornered ministers of the National Democratic Alliance (NDA) government, owing largely to her weak and often ambiguous comments on the state of the Indian economy. For her and her supporters, this year’s Union budget was meant to both rejuvenate and rekindle investor’s hopes and sentiments. The...

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Nutrition: In Budget 2020, rhetoric beats reality again -Bharat Dogra

-Newsclick.in As the numbers show, the government isn’t putting its money where its mouth is Everyone, including the government, recognises the special health and nutrition needs of adolescent girls. The only trouble is, the Union government forgets this at the time of actually providing funds for nutrition. Why else would the government cut the funds for the specific schemes for nutrition to only a half of the original allocation? In the budget for...

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Is classification as 'developed nation' by US good news for India? -- A Fact-Check -Pooja Chaudhuri

-Newsclick.in On February 12, National General Secretary of the Bharatiya Janata Party (BJP) Ram Madhav tweeted in celebration – “US classifies India as developed nation” – drawing close to 13,000 likes. Madhav had shared a link of micro news platform Inshorts, same as Dr Swapneil Mantri who identifies as the state coordinator and social media head, BJP doctor cell Maharashtra. Mantri used the hashtag #PositiveNews. Please click here to read more. ...

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Modi govt at work! Double whammy of unemployment and price rise -Subodh Varma

-Newsclick.in Joblessness is zooming, inflation is at six-year high led by food inflation, exports are down further, industrial production is stagnant and investment is at a standstill. In the last six months or so, the Modi government has supposedly been paying close attention to the sinking economy, with a flurry of meetings, announcements of freebies to corporates, fervent assurances to markets and budget shenanigans to supposedly keep the deficit in check and...

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