Category Center for the Study for Finance and Economics

Budget 2023- 24: The Case to Build New Cities

By 2051, India may have an additional 335 million urban population. Several new cities will be needed to settle them.

ndia needs more than a pat on the back from fiscal-deficit-focused rating agencies and analysts, in order to regain economic vigour in a slowing world. A whole lot more. India needs a new New Deal, and, in the present national and global context, that would mean investing in a large project that creates demand for material and machines produced in India and for lots of labour, both skilled and unskilled, while adding to India’s future productive capacity. Building a new city is a good choice.

Exploring the Economic Potential of Indian Waterways

Eleven months ago, in a first for inland waterway cargo movement in India, the MV Lal Bahadur Shastri, a river cargo vessel, transported 200 metric tonnes of food grain over 2,350 km from Patna to Guwahati via Bangladesh. Now, the MV Ganga Vilas, a luxury liner, has begun to operate the world's longest river cruise, across 3,200 km, from Varanasi to Dibrugarh via Bangladesh.

Defence and Union Budget

Budget made for capital expenditure must increase if India is to keep pace with China's rising military might. India’s tumultuous and volatile strategic environment showed no signs of abating in intensity. New Delhi continues to face a two-front challenge from both of its primary foes, the People’s Republic of China (PRC) and Pakistan, notwithstanding the latter’s recent conciliatory overtures, which are only a smokescreen to tide over its dire economic vulnerabilities.

Trade Unions, Statistics & the Data Lag

As per Section 27 of the Industrial Relations Code passed in August 2020, if the appropriate government (the Union or the state government) is of the opinion that it is necessary or expedient that a trade union or federation of trade unions is to be recognized as Central- or state-level trade union, it may do so according to the prescribed procedure. This means that what was a voluntary process arising out of tripartite consultations will become a legal measure once the Code is in force. Thus, it is important to know its history as well as the current controversies over the same.

Indian Rural Economy: A Closer Look at the Issues

This marginalization of the rural economy is a result of the policymakers’ focus being on the organized part — the modern part of the economy. Modernization of the economy has been taken to be the copying of western modernity. India has not attempted its own modernity suited to the needs of the vast majority living in rural areas. No wonder the agriculture sector which provides the most important item of consumption — food — has been marginalized.

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