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Budgeting in a time of crisis -TCA Ramanujam

-The Hindu Keynesian economics offers guidelines for preparing the Budget The Great Depression wrecked the economies of the U.S. and Europe. In the words of Jonathan Alter, when Franklin Roosevelt became the American President in 1933, he was told: “Mr. President, if your programme succeeds you would be the greatest President in American history. If it fails, you will be the worst one”. Roosevelt replied: “If it fails, I will be the...

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Budget 2021 Is a Chance to Undo the COVID-Induced Inequality That Has Surged Across India -Nikhil Dey

-TheWire.in Ideally, the government should increase the work entitlement for MGNREGA to at least 150 days, double the budget and put in place an urban employment guarantee act. Let’s start with those who did well over the last 10 months. The Sensex index crossed the 50,000 benchmark for the first time on January 21, 2021, with a whopping 70% increase since April 2020. The Oxfam inequality report, just released, gives an idea of...

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Mining in India equals selling the family gold -Rahul Basu

-The Hindu Treating mineral sale proceeds as revenue or income hides the real transaction — the sale of inherited wealth The principle that the economy must be “sustainable” — we cannot compromise the ability of future generations to meet their needs — is beyond question. Climate change and high levels of consumption already threaten to rob future generations of a planet that is liveable. The principle of Intergenerational Equity would make it...

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The government must universalise maternity benefits -Dipa Sinha and Jashodhara Dasgupta

-Hindustan Times Maternity benefits should be a right of all workers regardless of employment status, or the number of children The key findings from the National Family Health Survey-5 (NFHS-5) of selected states have reminded us that India is facing a crisis of poor nutrition outcomes. Prevalence of stunting among children has remained stagnant or increased in most of these states. The appalling under-nourishment of children reflects poor maternal nutrition, widespread anaemia...

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Diarrhoea in children under 5 more prevalent in rural India: NFHS-5 -Srayasi Prakash, Gaurav Suresh Gunnal and Neel Mani Singh

-Down to Earth Bihar reported the highest prevalence of the disease   A higher proportion of children under the age of five in the villages had diarrhoea than their counterparts in the cities in 17 of the 22 Indian states and Union territories (UT) covered by the 2019-2020 National Family Health Survey (NFHS-5). This urban-rural gap was significant in Maharastra — in the two weeks prior to the survey, 6.6 per cent children...

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