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....
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Two sides of the same coin: Shrinking Water bodies and urban floods
-Down to Earth Water bodies have become even more critical in current times when cities are facing the challenge of rapid, unplanned urbanisation Lakes and wetlands are an important part of urban ecosystem. They perform significant environmental, social and economic functions — from being a source of drinking water and recharging groundwater to supporting biodiversity and providing livelihoods. Their role becomes even more critical in the present context, when cities are facing the...
More »Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »Why NGT’s calls on restoration of Water bodies is need of the hour -Sushmita Sengupta
-Down to Earth National Green Tribunal’s 2019 order asking states to identify, protect and restore Water bodies underlines the urgency to save them The nationwide lockdown imposed to break the spread of the novel coronavirus disease spread in India brought into light a new, pleasant discovery — improvement in quality of several Water bodies and their catchments as a host of industrial activities halted. There is a need to restore and create more...
More »Reviving growth: Focus on rural India -Aruna Sharma
-Financial Express If panchayat allocations are merged with MGNREGA to aid asset creation, it can trigger infrastructure growth, resulting in extra income and improved conditions. There is a lot of debate around 5% GDP growth and its impact on the organised sector. Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision...
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