-Newsclick.in Tax collections have plummeted and Modi Govt is scrambling to cut spending by Ministries, further deepening the crisis. For the first time in two decades, corporate and income tax collections are expected to fall in 2019-20. This is an indication of the gigantic mess created by the Narendra Modi government with its dogmatic commitment to reduce taxes on corporates and squeeze its own expenditure to supposedly boost the flagging economy. As...

-Newsclick.in Will this Budget give any signal that the government is tackling the deadly jobs crisis? Budgets usually don’t address big systemic issues. After all, they only arrange for government revenue and expenditure for one year. But, if the water is flowing over your head, a Budget could very well give a strong signal of beginning something. It could open the door to policy changes, and declare a determined political intent. The raging...

-The Hindu Business Line They await a comprehensive relief and rehabilitation package from the Centre “The governments here have been asleep for far too long. They should listen to us and solve our problems. If they can’t, they should just go,” thundered Vidya More, a 38-year-old farmer widow from Osmanabad district of Maharashtra. Her frustration is understandable; her husband committed suicide about eight years ago when he couldn’t get enough from his two-acre...

-The Hindu Investment in these areas will create demand in the short run and make the economy more competitive in the long run In recent months, the government’s macroeconomic policy has acquired a new salience in the context of reversing the current slowdown. The policy currently being pursued is intended primarily to incentivise potential investors by facilitating ease-of-doing-business and making large-scale concessions to the corporate sector. In this context, the government is...

-TelanganaToday.in Follow the Keynesian policy and go for larger fiscal deficit that puts more purchasing power in people’s hands Finance Minister Nirmala Sitharaman will present her second Budget on February 1 amid a slowdown in GDP growth and an increase in the rate of unemployment. Even supply-side economists are acknowledging that the current situation is because of the problem of aggregate demand. The demand-side economists, anyway, have been arguing for expansionary...