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The mistaken obsession with the fiscal deficit -CP Chandrasekhar and Jayati Ghosh

-Networkideas.org It’s that time of year again – the time when all eyes turn to those magic numbers, the actual and proposed fiscal deficits of the central government as shares of GDP. Breathless news anchors will interrogate financial investors on what the numbers mean, and why 3.5 per cent or 3.7 per cent is fatally worse than, say, 3.4 per cent or 3.2 per cent or less. Everyone will breathe a...

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Full Budget against Constitution: Yashwant Sinha

-The Hindu ‘Economic Survey also against norms’ New Delhi: If the Narendra Modi government presents a full Budget instead of a vote-on-account, it will not only be improper but also unconstitutional, former Finance Minister Yashwant Sinha said on Monday. “No Finance Minister has presented a Finance Bill in a vote-on-account session. If this government does that, it will be the first time and it will be in direct contravention of the Constitution,”...

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Govt sits on post-noteban jobs report, two top statistics panel members quit -P Vaidyanathan Iyer

-The Indian Express NSSO employment report on 2017-18 was expected to reflect job losses Protesting against the withholding of the NSSO’s (National Sample Survey Organisation) first Annual Survey on Employment and Unemployment for the year 2017-18, the Acting Chairperson of the National Statistical Commission (NSC) resigned on Monday. Another colleague has also quit. This report, the first by NSSO in this government, was expected to reflect job losses in the wake of...

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Dream crops or farmers' worst nightmare? -Vivek Waghmode, Sandeep Rai and Satyajit Joshi

-The Times of India Mills in Maharashtra and UP, the two states that account for most of India's sugar supply, owe sugarcane farmers Rs 12,700 cr. Yet, farmers do not want to move away from the crop KOLHAPUR/ MEERUT: Unrest simmers in districts of western Maharashtra and pARTs of Uttar Pradesh, considered the sugar bowls of the country, over unpaid cane crushing dues. Despite the problems which beset farmers, however, they have...

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Government weighs options for pre-poll farm package -Vishwa Mohan

-The Times of India NEW DELHI: Will it be Telangana’s ‘Rythu Bandhu’ or Odisha’s ‘Kalia’ scheme which the Centre bets on in its much anticipated farm package ahead of general elections? ApART from these two schemes, the Centre is also looking at some proposals including area-based income compensation and waiving off premium for crop insurance and interest on loans for farmers who pay on time. The Centre’s farm options are due to...

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