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100 days and GDP shrink: Government works on a fresh stimulus -Aanchal Magazine and P Vaidyanathan Iyer

-The Indian Express In mid-May, Sitharaman had announced five tranches of the AtmaNirbhar package, adding up to an economic package of Rs 20 lakh crore. AFTER MORE THAN 100 days since Finance Minister Nirmala Sitharaman announced an economic package, six weeks after a series of meetings at the highest level underlined the need for a stimulus and official estimates indicating the worst-ever first quarter GDP contraction of 23.9 per cent, the government...

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Rs 150,000 crore plus: the govt stimulus for rural areas post lockdown -Harish Damodaran

-The Indian Express That’s the actual liquidity pumped into rural areas by government post lockdown – through grain procurement, PM-Kisan and MGNREGA wages. There are many parallels one can draw between the novel coronavirus-induced lockdown (gharbandi) and demonetisation (notebandi), in terms of their impact on India’s farm economy. Both resulted in the same thing – demand destruction – albeit through different routes. Notebandi caused a haemorrhaging of liquidity from the predominantly cash-based farm...

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Lockdown further impoverishes those who were living on the edges of existence even during normal times, finds a new report

A recent survey that was conducted through telephonic interviews among 1,405 respondents across the states of Delhi-NCR, Uttar Pradesh, Bihar, Haryana, Himachal Pradesh, Assam, Rajasthan and Jharkhand reveals the precarious conditions of workers nearly 45 days after the announcement of COVID-19 lockdown. The report entitled Labouring Lives: Hunger, Precarity and Despair amid Lockdown tries to understand the extent (and depth) of job loss and hunger 45 days after the lockdown. Hunger and...

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India needs to urgently step into the domain of healthcare -Christophe Jaffrelot and Utsav Shah

-The Indian Express One of the obvious reasons why public healthcare has not been a priority for successive governments of India lies in the fact that India’s middle class did not need it. As epidemiologists tend to consider that the peak of the COVID-19 epidemic may not come before July, the question of the resilience of the Indian health system becomes more pressing, especially in cities like Mumbai, Delhi and Ahmedabad. The...

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Self reliance and FDI dependence -Surabhi Agarwal, Bobby Ramakant and Sandeep Pandey

-The Indian Express Privatisation does not make a self-reliant nation. A decentralised, people-centric approach to development will help Mahatma Gandhi’s conception of self-reliance was of simple living and self-sufficiency. The basic idea was to use local resources and a local workforce for the production of commodities for local consumption to the extent possible, with minimal dependence on the outside world. But the Indian government’s clarion call for “Atmanirbhar Bharat” (self-reliant India) has...

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