News: The pandemic induced slowdown has disproportionately affected those at the bottom. Also the economy specially the rural economy had been facing challenges due to demand deficiency even before the pandemic started. Given that monetary policy has limited success in dealing with a crisis of this nature ,fiscal policy is expected to play the dominant… Continue reading A recipe to deepen the distress in rural economy
Category: 9 PM Daily Articles
A betrayal of the social sector when it needs help
News: India continues to rank poorly in various global indices such as the Human Development Index, the Global Hunger Index and others. But, despite this, the budget has put less emphasis on the social sector like health, education and food security. Contents1 Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise 2 What is… Continue reading A betrayal of the social sector when it needs help
Budget’s missed healthcare opportunity
News: Given the Covid pandemic it was expected that health would be the focus of the budget. But government’s focus is more on capital expenditure. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise Contents1 Why government focus on health is important?2 Why less allocation is a challenge for the health sector?3… Continue reading Budget’s missed healthcare opportunity
FM call for paradigm change in urban planning ‘opportunity of a lifetime’: Experts
News: On emphasizing urban planning, Finance Minister (FM) said when India will celebrate its 100th Independence Day, nearly half the population would be in urban areas. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise Contents1 What is the announcement on urban planning from budget 2022-23?2 What is the need for urban planning?3… Continue reading FM call for paradigm change in urban planning ‘opportunity of a lifetime’: Experts
Great On Growth, Not on Jobs
News: Recently Union Budget 2022-23 has been released. The article discusses the wise choices made in the budget along with challenges still existing to be resolved. What are the excellent strategies seen in the Budget 2022-23? One, the finance minister has avoided populist measure and focused on increasing public investment. Government capital expenditure is expected… Continue reading Great On Growth, Not on Jobs
A takeaway is the good infrastructure push
News: Recently Union Budget 2022-23 has been released which has focused on expanding capital expenditure. The article discusses the projected growth, revenue, expenditure, debt and real growth. What is projected income growth? Budget has projected a nominal GDP growth estimate of 11.1% for 2022-23. The real GDP growth is estimated of 8% with an implicit… Continue reading A takeaway is the good infrastructure push
Budget sets up the digital pitch for India to bat on
News: Finance Minister has recently presented the budget. Although there are many positives in the Indian economic scenario like with 9.3% India is the fastest-growing large economy, it has over $630 billion of foreign reserves equalling 13 months of imports. However there are some challenges too like the problem of unemployment rate. How the… Continue reading Budget sets up the digital pitch for India to bat on
MGNREGA: Is the govt expecting unemployment levels to change soon?
News: Recently finance minister released Union Budget 2022-23. This article discusses the regressive nature of budget in terms of social welfare. Why the budget 2022-2023 appears regressive in nature with respect to social welfare? One, last year only Rs 73,000 crore was budgeted but the allocation for MGNREGA was increased to Rs 1.11 trillion due… Continue reading MGNREGA: Is the govt expecting unemployment levels to change soon?
CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”
Contents1 What is the news?2 About Economic Survey3 Who prepares the survey?4 What is the theme of this year’s Economic Survey?5 Other key features of this year’s Economic Survey What is the news? Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament About Economic Survey The Economic Survey is an annual report… Continue reading CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE “AGILE APPROACH”
Doing Business in a New World
News: Recently, Luttwak an amercian startegist discussed the legacy of the Indian strategist late K Subrahmanyam and addressed the emerging consensus on the importance of economics in global affairs. Contents1 What is current scenario of Indian economy?2 How geo-economics plays a significant role in geopolitics?3 How India is adapting to new geo-economic order?4 What is… Continue reading Doing Business in a New World
