-Down to Earth Procurement at the doorstep, direct income support and reaching out to farmers can help in easing farming operations at this crucial time The extension of the nationwide lockdown to combat the novel coronavirus disease (COVID-19), though necessary, will lead to a further suspension of work and no wages and means for families to support themselves. The activities in manufacturing and services, that provide non-essentials, may be suspended, though with serious...
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The key strategy is fiscal empowerment of States -M Govinda Rao
-The Hindu The Centre must recognise that winning the war on COVID-19 is linked to the States being armed with enough resources The scale of disruption caused by the COVID-19 pandemic has never been seen before. Even as we are in the midst of the second phase of the national lockdown, there is no clarity on the time it will take to come out of the crisis, the extent of damage it...
More »India must enhance fiscal support for COVID-19 relief and rebuilding -Jonathan Coutinho and Amit Basole
-The Hindu The trend across developing countries is to give State Governments as much discretion as possible India urgently needs to increase fiscal support for COVID-19 relief and rebuilding. Among comparable developing countries with similar Gross Domestic Product (GDP) per capita, India has spent the least as a share of its GDP. While the Central government has announced measures amounting to 0.8% of GDP, the International Monetary Fund (IMF) estimates that State-level relief...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
More »A virus, social democracy, and dividends for Kerala -Patrick Heller
-The Hindu The State has managed the crisis by building on legacies of egalitarianism, social rights and public trust The global coronavirus pandemic is a natural, albeit brutal experiment. Just about every part of the world has been impacted and the range of responses we are seeing at the national and subnational levels reveal not only existing inequalities but also the political and institutional capacity of governments to respond. Nowhere is this...
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