Views That Matter

What scares the Modi government is that even if they clamour for or accept higher levels of expenditure today, international finance and the domestic big business interests will neither spare it for long if the fiscal deficit increases and nor will they want to pay the taxes tomorrow to reduce it....
The situation of Indian economy and government’s finance was already precarious when the Coronavirus pandemic hit India. In that context, one of the few things that could be seen as a silver lining was that the government was sitting on massive stocks of foodgrain.
[The first part of this paper dealt with the impact of COVID-19 Lockdown on agricultural production, markets and public procurement. In the second part, we deal with the crisis of rural employment.]
Lack of preparation by the Central government for dealing with the COVID-19 pandemic has dealt a massive blow to India’s economy and has caused enormous hardships to working people of the country.
The economic stimulus package initially announced by the Prime Minister, with more details being spelt out by the Finance Minister over a series of press briefings, is claimed to have a size of nearly Rs. 20 lakh crores or 10 percent of the country’s GDP.
In the coming days, as the pandemic unfolds, the Left movement will be strengthening its fight against this disastrous handling of the pandemic, as also the centralization of power that is now a threat to India’s Constitution.
The already distressing agrarian situation has been turned disastrous, forcing uncalled-for suffering on farmers and agricultural workers with especially adverse effects on harvesting and marketing of Rabi crops in Haryana
The operational details of the nationwide lockdown for 21 days from 25.03.2020 are spelt out in the Guidelines annexed to the Order No. 40 -3/2020-DM-I (A) of the Ministry of Home Affairs dated 24.03.2020. The following highlights some of the problems that are likely to ensue and the significant...
Early last month, mainstream media gave glowing accounts of how PM Modi had personally taken charge of the economy, working from morning till night, meeting CEOs of India’s biggest companies, wealth fund managers, economists etc.
A recent analysis of official data reveals that workers in India across all types of occupations have been suffering a deadly squeeze on their incomes as inflation adjusted wages have been barely increasing, or even declining for the past several years.