-The Hindu The slowdown in private investments is visible chiefly in the informal SECtor, not the corporate SECtor It is now well recognised that there is an investment slowdown in India, which is delaying a full-blooded recovery in the economy. Private investments, the principle engine of growth, are out of steam. The fall is so severe that it has more than offset the government’s macroeconomic stimulus of increased public investments. The slowdown started...
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Issues of Marginalized SECtions: Analysis of Union Budget 2018-19 by Delhi Solidarity Group
-Press Release by National Alliance of People's Movements (NAPM) The Delhi Solidarity Group (DSG) has come out with a critique of the Union Budget 2018-19. Please click here to access the report by DSG entitled: Issues of Marginalized SECtions: Analysis from the perspectives of Handloom, Fisheries, Dalits, Adivasis, Forest, Agriculture, Banking and Financing, Urban Housing, Rural Development, Land & Higher Education. The following civil society organizations have contributed for the preparation...
More »Another Budget, Another Year of Ignoring Binding Laws on Rights -Nikhil Dey and Aruna Roy
-TheWire.in The making of the Union Budget has been a far too SECretive and hidden exercise. Social SECtor expenditure and allocations related to policy announcements should be matters of open ongoing debate. On December 20, 2017, a group of 60 eminent economists sent an open letter to the finance minister stating: “We are writing to draw your attention to two urgent priorities for the forthcoming budget.” The first was to increase the central...
More »Union Budget 2018-19: An exercise in jugglery of numbers, say civil society groups
-Press Release by National Alliance of People's Movements (NAPM) New Delhi: Calling this year’s union budget ‘just an exercise in manipulation of numbers,’ veteran activist Medha Patkar asked, “When the major decisions like the demonetisation and GST are taken between two budgets then what’s the relevance of the Budget?,” at a panel discussion on the analysis of this year’s union budget with a special focus on Handloom, Fisheries, Dalits, Adivasis, Forest,...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal SECtor, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal SECtor at the expense...
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