-Newsclick.in In an open letter addressed to Nirmala Sitharaman, 51 eminent economists have flagged less contribution to NOAPS and the lack of action on ensuring maternity benefits. Several prominent economists have proposed to the Union finance ministry to increase social security pensions and make adequate provisions for maternity benefits in the 2023-24 Union Budget. In an open letter addressed to Union finance minister (FM) Nirmala Sitharaman, 51 eminent economists—including Abhijeet Singh (Stockholm School...
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Red tape won’t draw investment to Odisha
-The New Indian Express After a two-year pandemic-induced hiatus, the Odisha government is shifting gears for the third edition of its flagship investment meet, Make in Odisha 2022. After a two-year pandemic-induced hiatus, the Odisha government is shifting gears for the third edition of its flagship investment meet, Make in Odisha 2022. Chief Minister Naveen Patnaik interacted with ambassadors of 16 countries on August 31 in New Delhi, for partnering with the...
More »Gramin Agricultural Markets: Two years on, just 6% haats upgraded -Shagun Kapil
-Down to Earth The Centre had announced a scheme in the 2018-19 budget to upgrade rural haats so that small farmers could get fair prices for their produce It has been two years since an ambitious programme to convert 22,000 rural haats into Gramin Agricultural Markets (GrAMs) was launched. But only 1,251 have come up till now. This is barely six per cent of the target. Union Agriculture Minister Narendra Singh Tomar told...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »Centre’s stance on GST compensation to states is untenable, legally and morally -TM Thomas Isaac
-The Indian Express The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally. The relation between the Centre and the states has reached its nadir with the controversy over the GST compensation payment. The shortfall in GST revenues in 2020-21 from the protected level will be of the order of Rs 3 lakh crore. The...
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