Tamilnadu Economic Survey and Budget
A model for the country and other states! We have seen many Union Economic Survey and Budget as well as State Budges. Kerala Budget especially by Dr. Thomas Issac used to have innovations and...
Budget 2025 ā rhetorics repeatedĀ
Slogans modified. No efforts to revive the Economy. In a surprise, Dr. Ananda Nageswaran, Chief Economic Advisor, with his team of more than 150 people, produced an Economic Survey 2025 with certain critical comments....
Corporate control of the country must go- Farmers are showing the way
During the year-long agitation in 2020-21, the farmers gave a call to boycott Ambani and Adani. Now they have given a call to Observe Corporate Quit India Day on 9th AugustĀ 2024. They have...
The Economic Survey Only Increases Concerns of Inequality
As the country gears up for the presentation of the Budget for the financial year (FY) 2024-25, the economic survey for 2023-24, tabled by Union finance minister Nirmala Sitharaman is key to understanding what...
Issues raised by the Consortium comprising former mayors and commissioners of municipal corporations of Himachal Pradesh
We, former mayors, and commissioners who have served city governments in different periods of time welcome you to this historic town of Shimla.
Trade deficit to touch all-time high of 7% of GDP in FY23
As India prepares for the next budget, here is another critical issue it needs to focus on: The galloping trade deficit. According to the First Advance Estimate (AE1), released earlier this month, the trade...
āCar economicsā to explain Indiaās skewed growth model
Somewhat like āthalinomicsā of Economic Survey of 2019-20 which measured household incomes and ādosa economicsā of Raghuram Rajan in 2016 to explain inflation, ācar economicsā explains the higher-growth-higher-inequality paradigm
Trade deficits hit $111 billion in November 2022 ā up by 135%
Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine ā exports ā but also increasing forex outflows
The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?
For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...
Recession ā What India should do?
Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...
While the RBI was sleepingā¦
Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that peopleās ability to buy small cars has eroded and would continue to decline next year and national dailies reported...
Worshipping Ambani, Adani? Lower tax for the rich ‘means’ higher tax for the poor
The Indian tax system has been regressive for long with direct tax contributing less than indirect tax ā contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...
Budget, Push for Privatisation and Outright Frauds
Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...
The Futility of Per Capita Comparisons in Unequal Societies
A few months ago, a news made headlines, doing rounds in the social media about how it was a matter of much shame that India had fallen behind Bangladesh on the metric of Per...
Time to give Covid burial, not suspend, World Bank’s ‘flawed’ Doing Business ranking
On August 27, the World Bank came out with a statementĀ suspendingĀ the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the Doing Business...
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