Centre must increase fiscal deficit to stop people being pushed into poverty: Kaushik Basu
In India, 85 million people will be pushed into poverty as a result of the Covid19 pandemic January 25, 2021 / 03:56 PM IST
India will become the nation with the largest number of poor people, says Former Chief Economist of the World Bank Kaushik Basu, citing a study by Brookings Institution.
Sharing his thoughts on Twitter, the former India chief economic advisor urged the government to focus the upcoming Budget on the poor. He said that all the non-essential expenditure should be cut and the fiscal deficit is increased. A new study by Brookings using IMF & World Bank data shows, because of COVID, poverty is rising in most developing & emerging economies. The biggest rise in poverty is in India which will overtake Nigeria around now to be the nation with the largest number of poor people.
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New B-School compared to IIMs, ISB: Gurugram s Masters’ Union School of Business inaugural batch has students from Goldman, IITs
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New B-School compared to IIMs, ISB: Gurugram s Masters’ Union School of Business inaugural batch has students from Goldman, IITsET Spotlight
Last Updated: Jan 11, 2021, 06:50 PM IST
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As part of its industry immersions, Masters’ Union has set up India’s largest student managed investment fund with a corpus of Rs 5 crores to help students practice investments first-hand. The curriculum is designed to feel like an internship and the students are also engaged in live consulting projects to ensure their maximum experiential learning.
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