Shashank's Blog

Amid Awful Backdrop, Sitharaman’s Ride-on Income and Purchasing Power: Budget 2020 Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi, 110007. ssvikrampratap@gmail.com Amid the historic slowdown in the major sectors of the economy, honourable Finance Minister (FM) Nirmala Sitharaman presented union budget for financial year 2021 (FY21) on 1st February 2020. From agriculture to private investment, almost all sectors have recorded, historical slowdown from the last few quarters. Central Statistical Organisation (CSO) has estimated the overall growth numbers for the financial year 2020 (FY20), which is as follows- ·         GDP growth - 5 percent (lowest in 11 years) ·         Private investment - 5.8 percent (lowest in 7 years) ·         Manufacturing - 2 percent (lowest in 15 years) ·  ...

FM’s Difficult Test On Saturday: Budget 2020 Seeing The Fiscal Arithmetic, The Task For FM to Balance Between Fiscal Deficit And Expenditure to Stimulate Economy is Not Going to Be Easy. Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi ssvikrampratap@gmail.com On Saturday 1st February 2020 honorable Finance Minister (FM), Nirmala Sitharaman is going to present the toughest budget in a decade. Many difficult tasks like- whether to combat with targeted fiscal deficit of 3.3% or to stimulate consumption & investment; or to boost confidence of investors; or to revive manufacturing; or to infuse liquidity in the economy; or to enhance expenditure on social securities; or to do whatever that can bring back India's lost glory of the fastest-growing major economy in the world, keeping in mind the reaction of rating agencies over fiscal arithmetic. Looking into the status of India's macroeconom...

Shashank Vikram Pratap Singh Ph,D Scholar Department of Commerce Delhi School of Economics University of Delhi ssvikrampratap@gmail.com My Dear Young Friends and Future of India Chilled Cold December 29, 2019 Morning Greetings to All of You The subsequential parliamentary, judicial and executive activities in last six months and youth responses over these activities, instigated me to write this piece to express my concern which is purely my personal opinion. In the parliamentary democracy, debate, discussion and free expression of   opinion, is indispensable part of a Republic Nation so is the case with our great Nation- India. Youth’s participation in national dialogue is equally important. We as the youth of this great nation have demonstrated our participation overwhelmingly through different ways, in many national dialogues, be it issues of Uri, Balakot Strike, 2019 General Election, Rumors of EVMs hijacking, Tripple Talaq , Abrogation of Article 3...

Is Income Sharing Agreement a Capsule to Rescue Higher Education of India? Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi ssvikrampratap@gmail.com Etymologically speaking the word ‘education’ is derived from the Latin word ‘educere’ meaning ‘to raise’ and ‘to bring up’. Two influential Sanskrit word- Shiksha and Vidya are considered equivalent to term education . The importance and power of Vidya has epenthetically talked and imbibed in Indian civilization much before the intellectual dawn in rest of the world. Epochal and sanctified writing of Vedas & Upanishads is the classical example of our advancement and superiority in the nitty-gritty of Shiksha and Vidya. In the Rigveda &Upanishad the term has been seen with the perspective of salvation - “Education is that whose end product is salvation.” Meaning hereby, education is means for ultimate end of life, that is- to be happy. Here is...

Hue And Cry For 4.5% GDP Number Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi ssvikrampratap@gmail.com Friday’s second quarter financial year 2020 (Q2FY20) data released by CSO, is making lots of hue and cry across the world. The data reveals sharp slowdown across many major sectors likes; manufacturing, construction, agriculture, trade and financial services except public administration, defense & other services (grew by 11.6 percent compared to 8.6 percent Q2FY19). Manufacturing sector contracted by 1 percent against 6.9 percent growth in same quarter in FY19; agriculture, forestry & Fishing -key sector for job creation in rural economy grew by 2.1percent against 4.9 per cent   in Q2FY19; construction sector fell to 3.3 percent against 8.5 percent last year. Major drivers likes, consumption demand- measured through private final consumption   expenditure data, grew by 5.06 perce...

Sense Vs Nonsense of GDP And Happiness of People Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce  Delhi School of Economics University of Delhi ssvikrampratap@gmail.com                                                            The third president of United State Thomas Jefferson once said “the care of human life and happiness and not their destruction is the only legitimate object of good government”. If we decipher his statement correctly in more operationalize way, then the possible explanation of ‘care of human life and happiness’ could be- state of being (happy, health, comfortable and many more aspects of human life) and state of lives of people (how they feel, where do they stay, what do they do, natural environment they live and many more). But   how do we make the assessme...

    Impractical Speculation of Tax Cut and Historical Surge in Sensex Shashank Vikram Pratap Singh Ph.D. Scholar Department of Commerce Delhi School of Economics University of Delhi, India. ssvikrampratap@gmail.com The performance of stock market is one of the primary indicators of health of economy. Yesterday,   Sensex hit the all-time high in intra-day trade at 40,392 by rising 340 points. It reflects the investors extremely lofty and overwhelming   sentiments towards India’s growth prospects, although the current state of economy is not as good as it was being reflected in yesterday’s 30-share BSE index. The current state of economy is very distressing and going through cyclical recession. Since last few quarters India’s rate of growth has reached (5%) to 25 quarters low and its core sector output contracted 5.2% in September which is the worst performance in last 14 years. The rate of consumption is showing the downward trend which i...