-The Hindu Business Line In the thick of battling the Covid-19 pandemic, the CPI (M)-ruled Kerala government gathered Opposition parties on a virtual platform to chart out a common course on livelihood issues and the economic crisis that is simultaneously unfolding. Kerala Finance Minister TM Thomas Isaac, a trained economist, told BusinessLine that India is facing an attack on economic federalism and there is urgent need for the States to combat...
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Suggested resources to understand the COVID-19 crisis better
These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...
More »Covid-19: Centre rejects IRS’ proposal of taxing the super rich, calls it an ‘act of indiscipline’
-Scroll.in The Finance ministry has directed the CBDT chairperson to seek an explanation from these officers for writing such ‘ill-conceived views’ in public. The Centre on Sunday rejected a proposal made by officials of the Indian Revenue Service suggesting the government should increase taxes to cushion the economic fallout of the coronavirus pandemic. The Centre called it “an act of indiscipline”, NDTV reported. In a 44-page report titled FORCE, or Fiscal Options and...
More »Why Sitharaman’s 'Pulses For All' Promise Still Hasn't Been Implemented -Kabir Agarwal and Dheeraj Mishra
-TheWire.in New Delhi: On March 26, Finance minister Nirmala Sitharaman announced that the government had decided that all ration card holders in India will be provided one kilogram of pulses every month starting April, for a period of three months. This was a part of the PM Garib Kalyan package – the Centre’s only relief measure so far to deal with the consequences of the lockdown for the poor. Almost a month...
More »The Exodus of Finance from the Third World -Prabhat Patnaik
-Newsclick.in This unwillingness of Finance to stay in, or move to, the Third World, is impairing the ability of several countries to pay for their imports and to service their external debt. There is an exodus of Finance from the Third World at present, far exceeding in scale what had occurred in 2008 after the financial crisis. Even more important than the actual outflow is the desire on the part of Finance...
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