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Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman

-Livemint.com * Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how * In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC. NEW DELHI: The upcoming Union Budget is a critical one, for it offers an opportunity to reset the economy so that it can boom again in the coming years....

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The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida

-The Indian Express The Union Budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...

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Health Budget must look beyond Covid mitigation -Sourindra Mohan Ghosh

-Hindustan Times This entails addressing prevailing systemic deficiencies along with managing the added burden of Covid-19. India’s health sector requires a two-fold intervention by the government. The extraordinary situation created by the Covid-19 pandemic, which has exposed the vulnerabilities of our fragile health-care system, demands an equally extraordinary intervention by the government. The expectation from the Union Budget 2021-22 is for the central government to lead from the front in the health...

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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya

-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming Budget. The government hopes that growth will generate higher...

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Mysuru man builds houses with construction debris -K Rathna

-The New Indian Express Budget 2021-22: Rising poverty, falling health parameters, worsening educational outcomes, inadequate housing and widespread unemployment are the biggest challenges facing the Indian economy. MYSURU: From a distance, a house at Harthale, Nanjangud, looks like any other in the locality. But you step inside, and you will find recycled wooden windows and doors procured from demolished buildings, broken ceramics for surface, mud concrete blocks made out of building waste,...

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