Infrastructure hopes to ride on the government's commitment made in the budget to spend big on infrastructure. The government must live up to this commitment. Action by GoI on two other fronts is crucial as well, to sustain the gathering growth momentum. One is energy, the other is social peace.
In response to the exponential hike in onion prices in the mandis (wholesale fruit and vegetable bazaars) and retail markets, the Union Government reintroduced stock limits on October 23 on traders and wholesalers by invoking a provision of the newly-amended Essential Commodities Act of 1955. Before this, to ease rising prices, the Government had banned export of the bulb and relaxed import norms to increase the stocks available for retail trade.
Economists associated directly or indirectly with the government have been arguing that there is not much unemployment since enough employment is being generated. Further, they argue that the amount of employment required to be generated annually is not too large.
India’s Production Linked Incentive (PLI) scheme, launched in 2020 with high expectations, aimed to provide a subsidy of Rs 1.9 lakh crore over six years. However, as of March 2023, only Rs 3,400 crore in claims have been received and Rs 2,900 crore disbursed. The scheme had, therefore, experienced a significant shortfall.
New India’s Economic Transformation and Union Budget 2023-24 | Panel Discussion | #EconDialogue #IMPRI Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research Institute, New Delhi invites you to an IMPRI #WebPolicyTalk series: The State…
Until last year, Air India was a chronically underperforming public-owned airline. Narendra Modi, India’s prime minister, has often said that the government has no business being in business. Yet after eight and a half years of his tenure, Air India is one of only two enterprises that have been successfully privatized.
The State of the Economy – #EconDialogue | Distinguished Lecture by Dr Deepak Mishra on India’s Macroeconomic Resilience amidst Global Fragility: Facts, Factors and Forecasts #IMPRI Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research…