ILANOMICS

India’s fiscal crisis can only get worse as tax revenue is seen dropping 12.5% in 2020-21

GST revenue collected this August was 12% lower than the amount last August, and the economy is only crawling back to life post the Covid-19 lockdown.
Image: Ramandeep Kaur | ThePrint

Govt finances deteriorating. Postpone fiscal deficit goals, make economics more transparent

Fiscal deficit for 2020-21 was pegged at 3.5 per cent of GDP in Budget 2020. But Covid and the lockdown have made sure this is impossible to achieve.
The National Digital Health Mission announced by PM Narendra Modi falls within the purview of the National Health Authority, headed by Indu Bhushan | Image: Ramandeep Kaur | ThePrint

India needs a digital health mission. But it also needs data privacy law to ensure it works

If patients wish to change a healthcare provider, they have to carry pieces of paper. NDHM envisions changing that by digitally storing their health records.
Illustration by Soham Sen | ThePrint

Why loan restructuring is a welcome move from RBI, and what govt now needs to do for borrowers

RBI has accepted bankers’ demand for one-time loan restructuring instead of extending the moratorium as a way of countering the impact of the Covid-19 pandemic.
Illustration: Soham Sen/ThePrint

Why Modi govt has made a good call to move out of all non-strategic sectors

Government participation in the market should be the exception, and not the norm. The latest bid to disinvest is a step in the right direction.
Illustration by Ramandeep Kaur

Why India has increased economic freedoms in response to Covid, unlike Europe & US

Central govt has removed numerous restrictions in various sectors of the Indian economy, and unlike the 1991 liberalisation, states have also chipped in.
Graphic: Ramandeep Kaur | ThePrint

Higher inflation doesn’t mean RBI’s Monetary Policy Committee should increase interest rates

With gradual resumption of supply chains, inflation may come down. Data has also been limited by the lockdown, so the MPC should wait before changing rates.
Illustration by Ramandeep Kaur

Why India needs to regulate Ayurveda to win the world market for natural remedies

If India can put in a proper regulatory system, it stands to gain enormously as a producer and exporter of traditional herbal medicines.
Illustration by Ramandeep Kaur

How Modi govt’s ordinance on cooperative banks can prevent PMC-like scams, protect depositors

There have always been questions over who controls cooperative banks in India, states or the Centre. The ordinance empowers RBI to intervene in failing banks.
Illustration by Ramandeep Kaur | ThePrinr

APMC laws had shackled farmers, Modi govt’s ordinance makes them as free as other sectors

The govt hasn’t done away with APMCs but given farmers the ability to sell outside mandis. Arguments that the ordinance violates the Constitution are flawed.
Illustration by Ramandeep Kaur | ThePrint

Why Modi govt’s contract farming ordinance is a win-win for farmers, buyers & even traders

Farmers can lock in prices and buyers for their produce even before the harvest, and intermediaries can be assured of supply and price at the time of harvest.
Ila Patnaik
Ila Patnaik is an economist and a professor at the National Institute of Public Finance and Policy.

Ila Patnaik & Shubho Roy