As the Rich Receive State Patronage, Modi Has Left the Poor to Be Atmanirbhar
Under Modi, the state bears the losses of the rich, with tax concessions and state subsidies. But, working classes have to live through complete doing away of fertiliser subsidies, and petrol and diesel subsidies.
Migrant workers walk with their children to their villages after India announced a nationwide lockdown due to the coronavirus pandemic. Photo: Reuters
Rights15/Mar/2021
Last year on May 12, in the peak of COVID -19-induced lockdown, when the poorest of the poor migrant workers were walking thousands of kilometres to their homes, Prime Minister Narendra Modi, with the insight of an oracle declared that âthe state of the world today teaches us that
Two Key Numbers to Look Out for in the Upcoming Budget 2021
The most important concern is that of increasing public spending.
FILE PHOTO: Finance Minister Nirmala Sitharaman holds budget papers as she leaves her office to present the federal budget in the parliament in New Delhi, India, Feb. 1, 2020. Photo: Reuters/Anushree Fadnavis/File photo
Macro31/Jan/2021
There are really only two numbers to look out for in the forthcoming budget: how much did the government claim to have spent in 2020-21, and how much does it intend to spend in 2021-22.
As it is, the Indian governmentâs response to COVID-19 has been, in purely economic terms, one of the worst in the world. Not only did it impose a national lockdown without notice or consultation, at a time when it was not needed, it then proceeded to âunlockâ as cases mounted and infections spread more rapidly, thereby putting more people at risk.