Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond

In February 2020 Budget, the government had estimated the subsidy bill at Rs 2,27,794 crore. However, all the budget estimates, have undergone major revisions as the country imposed strict lockdown to check the spread of COVID-19

For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority

The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday, January 29, gives some hints. It favours a \"counter-cyclical expansionary fiscal policy\"

Higher oilseed production in India, the world's biggest buyer of cooking oils, will cut palm oil imports from Malaysia and Indonesia and trim soyoil and sunflower oil purchases from Brazil, Argentina, Russia and Ukraine

The government gives guaranteed return to private companies in its business dealings and considers their profit-motive good and desirable. Why the same doesn't hold true for farmers?

How the FM can make it a 'never before' Budget. Top experts weigh in

India's national agriculture policy is 20 years old and its response to farm crisis continues to be ad hoc, primarily focused on letting private players provide infrastructure and better remuneration to farmers who have consistently failed to deliver

Ladakh map error: Centre issues notice to Twitter; gives 5 days to respond The centre has asked Twitter to explain within five working days why it depicted Leh as part of Jammu and Kashmir (J&K) instead of a separate Union Territory (UT). The government has issued a notice to the micro-blogging site owned by Jack Dorsey. The government, in its notice, has said that displaying Leh as part of Jammu and Kashmir was a \"deliberate attempt by Twitter to undermine the will of sovereign parlia...

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery

Global studies show ownership does not make enterprises efficient, factors like competition, autonomy, regulation and institutional development do. Evidence also shows that private sector thrives on public hand-outs in normal times and public bail-outs in crises

Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

In this third part, focus is on the impact of neoliberalism: slowdown in growth, rise in inequality, frequent economic crises, and much more. It also looks at some of the corrective measures

India badly needs a stimulus. Here's how to find the money

India Inc. is staring at severe operational and financial troubles. This is how it is planning to weather the storm

Coronavirus update: Sitharaman meeting ministers of civil aviation, MSMEs, tourism, dairy and fisheries, and animal husbandry today to assess impact

Coronavirus outbreak:  As many as 19 nations have announced rescue packages to companies hit by COVID-19, so far

UK, Switzerland, China, Sweden, Austria, and Japan, have also taken fiscal measures, including offering support to local businesses