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Budget 2021-22: Over-reliance on infrastructure investment to spur growth? -Sarmistha Pal

-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current Economic Recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...

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Imbalances in India’s cereal economy need more than a short-term fix -Jean Dreze

-The Indian Express The need of the hour is to expand distribution under the PDS. Failing that, the country is heading towards another round of wasteful stock accumulation even as poor people struggle to feed their families. The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the...

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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

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A normalisation of WFH is unlikely to raise women’s participation in the labour force -Ashwini Deshpande

-The Indian Express Work from home, without lessening domestic burden and an increase in paid work, is unlikely to draw more women into the labour force. Is the COVID-19 pandemic unwittingly turning the tide on the sticky issue of the low labour force participation (LFP) of Indian women that decades of policy and research efforts have been trying to achieve without success? A recent report from LinkedIn suggested that Indian women increased their...

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India should opt for income support so that pandemic does not turn into a financial crisis -Jahangir Aziz

-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...

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