FREEBIES Archives

The Election Commission has surveyed the various political parties to gauge interest in using a standardised style for election manifestos to disclose the monetary consequences of campaign pledges. The format specifications will be included in the optional model code of conduct. EC's goal is for voters to make a well-informed decision. It's worth noting that five months ago, EC told the highest court that it's up to voters to decide whether or not election promises may be kept. It's possible for EC to have a change of heart. But will this really work? Making accurate economic predictions is difficult since they rely on assumptions that don't always pan out. It is therefore unlikely to yield useful information to ask political parties to make assumptions about their budgetary pled...

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Read How Venezuela And Sri Lanka Ruined Themselves; What India Should Learn From This?

Gunjan ChaudharyMay 7, 20220

News of the economic crisis in Sri Lanka has sparked a new debate against freebies in the country. The Sri Lankan government had taken steps such as cutting taxes for all and distributing various free goods and services. As a result, the heavy burden on its economy led to the downfall of the economy. The already heavily indebted country was left with no option but to default. In the context of this development, now a debate has started on the issue of free goods and services being provided by Indian states. Freebies are becoming an integral part of Indian politics. Whether it is in the form of a promise to woo voters in the elections or in the form of free facilities to remain in power. This is the reason that at the time of elections, such expectations are being expressed by the peo...

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Extremely Poor In India Still Less Than 1%: IMF Report

Gunjan ChaudharyApril 7, 20220

There is s relief for India, which has come from the International Monetary Fund. Actually, the number of people living in extreme poverty in India has remained very less. According to the new working paper of IMF, the figure for such people is now less than one percent. Along with this, it has been said in the report that the scope of inequality has also been reduced. Inequality at a 30-year low This working paper of the International Monetary Fund has been prepared by economists Surjit Bhalla, Arvind Virmani and Karan Bhasin. It states that the number of extremely poor people in India has remained stable at this level even during the crisis period of the Corona pandemic. Economists said that the level of inequality in the country has reached the lowest level in 30 years. The paper adde