Economy

The National Education Policy of India 2020 is a significant policy document laying the national-level strategy for the new millennium. It is ambitious and claims universal access to quality education as its key aim, keeping with the Sustainable Development Goal 4 of the United Nations Agenda 2030. One of the highlights of the NEP is its emphasis on mother tongue education at the primary levels in both state- and privately owned schools. The present paper critically assesses the NEP 2020, primarily in relation to the language-in-education policy. The paper argues that it presents a “contradiction of intentions,” aspiring towards inclusion of the historically disadvantaged and marginalised groups on the one hand, while practising a policy of aggressive privatisation and disinvestment in public education on the other.

As part of the COVID-19 economic stimulus package, the Government of India increased the borrowing limit of the states from 3% to 5% of the gross state domestic product. The power sector reform at the state level is one of the criteria to avail this extra borrowing. The efficiency parameters of the power sector are analysed here, and it is observed that there are statewise differentials in the financial and operational parameters. The average aggregate technical and commercial losses that should have been 15% by 2018–19, presently, on average, stand at 26.15%. The average cost of supply–average revenue realised has also widened. The operational parameters indicate widening inefficiencies across states in the power infrastructure.

To combat the coal shortage and prevent its recurrence, meticulous and efficient planning holds the key.

In a proactive move, the Reserve Bank of India rescued the economy with its innovative—blended conventional and unconventional—monetary policy measures. Low-interest rates, aligning targeted liquidity, and granting moratorium coupled with forbearance to enable banks to restructure loans, mandated the Kamath panel to work out modalities to restructure corporate sector loans. After affirming stability and orderliness of the financial sector throughout the crisis period, it rightly signalled descent towards normalisation paving for pandexit manoeuvring the tool of variable reverse repo rate.

The International Labour Organization included the concept of decent work in the Sustainable Development Goals to address concerns about workplace conditions, especially in developing countries. Among the different sectors of any developing economy, agriculture and allied activities have lagged the most in terms of decent work. This paper examines decent work in the fisheries sector in India. Using the National Sample Survey Office data from the Employment and Unemployment Survey of India, the paper arrives at a multidimensional decent work index. The paper finds that labourers belonging to the richer states rank lower in terms of decent work compared to the relatively poorer states, indicating higher inequality in the former regions. It also finds that per capita incomes are well below the poverty line for more than 40% of workers in fisheries.