News: Recent budget has put a lot of attention into enhancing capital expenditure. It is due to the huge potential of capex to generate employment. What is the employment scenario in India? Employment to population ratio: According to data from ILO, India’s employment to population (over the age of 15) ratio has steadily dropped from… Continue reading Creating jobs by increasing Capex
Category: 9 PM Daily Articles
Artificial intelligence technologies have a climate cost
News: Recent budget has described AI as a sunrise technology that has the potential to assist sustainable development at scale and modernise the country. While a large amount of focus is on achieving economic prosperity and global competitiveness with AI, there is hardly any acknowledgement of the environmental cost associated with it. What is… Continue reading Artificial intelligence technologies have a climate cost
Show Me the Money – On Fugitive Economic Offenders
News: Recently, Supreme Court suggested halting criminal proceedings against economic fugitives, who are willing to repay the money they owe to lenders and others they defrauded. This article discusses that government should revisit its current stance on fugitive economic offenders. What is the case? The co-accused in the Sterling Biotech fraud case has claimed that… Continue reading Show Me the Money – On Fugitive Economic Offenders
Fiscal constraints – On Capital Expenditure of Government
News: Recently released Union Budget 2022-23 has increased capital expenditure. Why increasing CAPEX is a significant step? The economy is recovering from a pandemic-induced disruption, and the private sector is not investing because of weak demand. Hence, increased capital expenditure will help in increasing growth and crowd in private investment. It will also increase medium-term… Continue reading Fiscal constraints – On Capital Expenditure of Government
The Budget has ignored the poor
News: The 2022-23 Union Budget was presented in the backdrop of acute unemployment, growing poverty, burgeoning wealth and income inequalities, and accelerating inflation which affect the poor disproportionately. However the recent budget falls short of addressing these concerns. Where is the current budget lacking in addressing the problems of the poor? Not enough government… Continue reading The Budget has ignored the poor
A recipe to deepen the distress in rural economy
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
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. Must read: Union Budget 2022-23: Highlights, tax proposals, concerns – Explained, pointwise What is the… 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 Why government focus on health is important? An estimated 70,000 crore have been spent on out-of-pocket expenditure by… 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 What is the announcement on urban planning from budget 2022-23? FM said that urban planning will help India… 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
