Government to loose purse string to spur growth  Union finance minister Nirmala Sitharaman will probably listen to the renowned British economist John Maynard Keynes while presenting her budget on Monday amidst Covid crisis. In his famous prescription to overcome the Great Depression in the 1930s, Keynes highly advocated for government intervention through public spending because, he argued, private investments cannot be counted upon when there is deep recession and gloom around. According to him, only the government in this situation can revive demand, restore stability and confidence by intervention through spending. The World Bank has recently commented that in India …