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Ensuring Growth through Reforms

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The world is juggling between economic slowdown and containing the spread of COVID-19, so as India. The previous 21 days lockdown has been extended for 18 more days with a hint of relaxation after April 20th. Does this lockdown help India in containing the virus spread but what would be the aftermath? What would be the situation of the Indian economy? I came across a couple of editorials discussing that the pandemic situation which can be used as a chance to reform the country’s economic policies. And also the authors of those editorials analysed that India would make reformative measures to the economy only when the country faces some crisis (like 1991 economic reform). So this is the time for our policymakers to reform our economic policy and ensure our country overcome the economic slowdown. Inflation and Growth The NDA government is very keen on controlling the inflation within the 4% target by 2021. But as far as the growth is concerned in a developing country  inflation contr...
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Liquor shops in India – Celebrated Glory or Shameful Dishonor?

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Due to the nationwide lock-down from March 25, all the economic activities are shut down except for the essential services. Since liquor doesn’t come under essential needs liquor shops have also been closed. Though the pandemic situation is still in persistence, the government has allowed the shops to sell liquor. From then there are so many controversies and debates happening for and against the liquor ban. And the people are also agitating against the opening of liquor shops. So, here we will discuss, whether the country really needs a liquor ban or not, along with other associated aspects. Rights come first Though opening liquor shops during this severe pandemic situation is totally irrational and highly condemnable, I differ in the idea of a complete ban on liquor.  The state cannot interfere or coerce its ideologies to the citizens.  It is the right of people to choose their food or drink . People who don’t eat beef would raise voice to ban cow slaughter and who don’t dri...
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Financial Stimulus Package - for Capitalists

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For First, Second and Third tranche See: Twenty lakh crores stimulus package – such a big number The Indian Finance Minister announced the final Fifth tranche of the Atmanirbhar Bharath Abhiyaan Stimulus package on May 17. She has announced many sectoral reforms in her fourth and fifth tranche announcements. Also, she gave the breakup for 20 lakh crores including liquidity, credit guarantee and direct spending. What is the urgency for the sectoral reforms during this pandemic? Does the package is really capable of reviving the economy and helping the situation of distress experienced by the poor, migrant workers etc? Reforms in the core sectors FM announced reforms for the 8 core sectors of the economy in the fourth tranche of the financial stimulus package. The core sectors include Atomic energy, space, Defence, Ordinance factories, Power distribution companies, civil aviation, Minerals and Coal. FM announced there will be Public-Private Partnership in Atomic energy, space and civ...
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