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The COVID-19 fiscal response and India’s standing -Amit Basole and Jonathan Coutinho

-The Hindu The relief measures do not seem to be commensurate with the economic disruption caused by the lockdown How does India compare in the quantity and quality of its COVID-19 response to other developing countries? Here we extend our earlier analysis of India’s fiscal response (The Hindu online, “India must enhance fiscal support for COVID-19 relief and rebuilding”, April 18, 2020) drawing on the International Monetary Fund Policy Tracker, the COVID-19...

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Vivek Kaul, columnist on economics and business and author of 'Bad Money: Inside the NPA Mess and How it Threatens the Banking System', interviewed by Rohan Venkataramakrishnan (Scroll.in)

-Scroll.in The author of ‘Bad Money: Inside the NPA Mess and How It Threatens the Banking System’ speaks about Atmanirbhar Bharat and what the media gets wrong. Vivek Kaul is the author of the Easy Money trilogy of books on the history of banking and money and, most recently, of Bad Money: Inside the NPA Mess and How it Threatens the Banking System. In lucid prose, Kaul draws out the history of...

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How India Can Leverage Surplus Food Grain to Expand PDS Without Sacrificing Fiscal Prudence -Siraj Hussain and Jugal Mohapatra

-TheWire.in After Modi's decision to extend additional allocation of food grains under PMGKY until November, there are now three scenarios that can play out. On June 30, Prime Minister Narendra Modi, in his address to the country, announced that the additional allocation of food grains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY) will be made available till November. This means that from April to November 2020, 71.17 crore people – classified...

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Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?

Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...

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Only 13% of allocated free food grain handed out to returning migrant workers, reveals govt data -Harikishan Sharma

-The Indian Express Eleven states and one UT did not distribute even 1 per cent of the quantity they had lifted to the beneficiaries during June. These are Andhra Pradesh, Goa, Gujarat, Jharkhand, Ladakh, Maharashtra, Meghalaya, Odisha, Sikkim, Tamil Nadu, Telangana and Tripura. Only 13 per cent of 8 lakh metric tonnes of free food grains allocated for returning migrant workers under the Atmanirbhar Bharat package have actually reached migrants during May...

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