Category Center for Work and Welfare

Unemployment Puzzle: The Most Important Yet Neglected Sector

To simplify and clarify the situation on the prospects of job creation and employment-unemployment debate, an interactive panel discussion on the topic “Employment, Livelihoods and Union Budget 2023-24” was conducted on 4 February 2023 after the announcement of the recent budget on February 1st, 2023 by IMPRI Impact and Policy Research Institute, New Delhi’s #IMPRI Center for Work and Welfare (CWW), under the IMPRI’s 3rd Annual Series of Thematic Deliberations and Analysis of Union Budget 2023-24, as part of The State of Employment and Livelihoods- #EmploymentDebate.

Budget 2023-24: Impact on Urban India & Local Governance

This year’s budget is a bag of misplaced government spending priorities and misses some crucial challenges facing urban development.

The last full Union budget of the National Democratic Alliance (NDA) government continues to be plagued with the idea that “the private capital will ameliorate some of the basic problems of India and that large capital-intensive technologies will usher in development, including inclusive development.”

How fallacious is this argument? We have seen this in the past three decades. The structural difference brought in by Manmohan Singh’s budget in 1991 was to “shift India’s economy away from the hands of the government to the hands of private enterprise, and embraced free trade.

Political Roots of the Budget’s Sobriety

How come the government has shown sober responsibility rather than wanton populism in the last full Budget available to it before the 2024 General Election? We see many pundits struggle with this puzzle on television and in newspaper columns and either remain puzzled or conclude that this government stands tall, beyond the temptations of expedience to which ordinary mortals are prone.

Economic Survey, Union Budget, Labour Law Reforms and Unorganised Sector

The Economic Survey 2022-23 is an information provider with little analytical thrust, at least on labour-related matters.

The Economic Survey (ES) 2022-23 prepared the ground for the focus points in the Union Budget 2023. The story on the labour front is as follows.

Employment, Livelihoods and Union Budget 2023-24 #EmploymentDebate

Video: Employment, Livelihoods, and Union Budget 2023-24

Employment, Livelihoods, and Union Budget 2023-24 | Panel Discussion | #EmploymentDebate #IMPRI Center for Work and Welfare (CWW), IMPRI Impact and Policy Research Institute, New Delhi invites you to an IMPRI #WebPolicyTalk series: The State of Employment and Livelihoods- #EmploymentDebate A Panel…

Budget 2023- 24: Pro-Growth and CAPEX Conundrum

Finance Minister Nirmala Sitharaman has come up with a Budget that did not deserve a thumbs down from the Nifty, which ended the day’s trading 0.26% lower. This was more on account of the troubles of the Adani Group and, by association, of public sector banks with exposure to the group.

The big boost to capital expenditure — including grants in aid of capex; the increase in capex is Rs 3.2 lakh crore, to Rs 13.7 lakh crore — is welcome and suggests that the Budget is pro-growth. That pro-growth glow loses some sheen when we take into account the total size of the Budget. It has come down from 16% of GDP in 2021-22 to 15.3% in 2022-23 and is slated to fall further to 14.9% next fiscal year. This reflects the longstanding inability of the system to significantly increase the share of taxes in GDP — the only way to raise total expenditure is to borrow, which means that fiscal correction also brings down the size of total spending.

Video: Rural Realities and Union Budget 2023-24Video:

Rural Realities and Union Budget 2023-24| Panel Discussion | #RuralRealities #IMPRI Center for Habitat, Urban and Regional Studies (CHURS), IMPRI Impact and Policy Research Institute, New Delhi invites you to an IMPRI #WebPolicyTalk series:  The State of Villages- #RuralRealities A Panel Discussion on Rural…

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