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NON MERIT FREEBIES
Freebies Frenzy: Indian politics grapples with electoral promises amid economic concernsIn recent assembly elections in Madhya Pradesh, Chhattisgarh, Rajasthan, and Telangana, political parties, including BJP, embraced the cult...- Putting 'freebies' in their right context amid recent debateThe RBI Bulletin 2022, which is at the heart of the controversy, defines freebies as public welfare measures provided free of charge. Provi...
- RBI flags states' rising subsidies, says will hinder spending on developmentThe central bank has said that the rising expenditure on non-merit subsidies may raise the share of committed expenditure in states' spendi...
- Why distinctions between subsidies for ‘merit goods’ and ‘freebies’ are dubious from economic viewpointSomeone should undertake a comprehensive computation of all subsidies, implicit and explicit, production and consumption. We will get a fig...
- Freebie economics: Why state governments should stop passing the buck to CentreAlmost every state government, with a few honourable exceptions, spends on freebies, mostly current consumption and not on capital expendit...
- A six-point guide for government to regulate freebiesIn some states, the debt is no longer sustainable, as the debt growth has outpaced their GSDP growth in the last five years. Besides non-me...
- RBI MPC member Ashima Goyal says political parties should apprise voters about the impact of freebiesThe debate has splintered India's political parties with some siding with the BJP while others coming out against the government. PM Modi's...
- Should political parties be allowed to dole out freebies? Economists offer a solutionThe political slugfest that has broken out over freebies between the ruling party and the opposition comes at a time when the Supreme Court...
- Freebies to continue until political parties and voters mature: Mythili Bhusnurmath“We will never be able to define what a freebie is and what a freebie is not. That has to be decided between the electorate and the politic...
- Govts with fiscal constraints should avoid undertaking non-merit freebies: Former NITI Aayog VC Rajiv KumarNon-merit freebies which are the nature of giving out gifts, consumer durables, those are to be looked at carefully and in any case should ...
- PIL on freebies: States have nearly Rs 59,89,360 crore liability as on March 31, 2021While Uttar Pradesh and Maharashtra top the chart with liabilities of Rs 6,62,891 crore and Rs 5,36,891 crore respectively, Punjab gets the...
- A fundamental problem of democracies: What constitutes good and bad freebies?Democracy helps countries choose the right priorities. But it can also spur myopic competition in freebies that destroys economies, as in S...
- How GoI, BJP and non-BJP states are recklessly competing on freebiesState governments cannot spend beyond a limit. They have not controlled deficits by cutting down non-merit subsidies. Rather, they keep ann...
- Doling out freebies by states is competitive federalism of the worst kind: Mythili BhusnurmathThe growing contribution of non-merit subsidiaries, not beneficial for a large section of society, in the GDP is increasing. This means the...
- There is no question of state governments in India going the Sri Lanka way: Mythili Bhusnurmath“Non-merit subsidies in the country as a percentage of GDP are growing. Also, there are some states which tend to offer much more by way of...
- Mixed reaction to RBI article warning signs of stress due to high debt in several statesReferring to the economic crisis in Sri Lanka, the RBI article prepared by a team of economist under the guidance of Deputy Governor Michae...
- India could very well be in stagflation situation before end of next fiscal: Mythili Bhusnurmath“The 8.7% growth must be taken with a pinch of salt. It comes on the back of a contraction in previous fiscal going forward growth as we ar...
- Citing Sri Lanka, RBI paper warns of stress building up in states; cautions against freebiesObserving that the slowdown in own tax revenue, a high share of committed expenditure and rising subsidy burdens have stretched state gover...
- View: Why Modi needs to return to his old sloganAfter his return, Modi now has the political capital to risk short-term costs to reap long-term gains.
- Why Universal Basic Income is a bad ideaBenefit under the Universal Basic Income will not be universal, but targeted at specific votebanks.
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