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LATEST NEWS UPDATES | Contain contagion, spend smartly says Joseph Stiglitz

LATEST NEWS UPDATES

Contain contagion, spend smartly says Joseph Stiglitz


October 6, 2020

-The Telegraph The Nobel laureate economist described 'India as a poster child of what not to do' Nobel laureate economist Joseph Stiglitz made a strong case for spending money to combat the long-term economic damage of the pandemic, saying that India would be well advised to focus...

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Rise in atrocities against forest-dwellers during COVID-19 crisis, flags report -Ishan Kukreti
October 6, 2020

-Down to Earth Union Ministry of Tribal Affairs should create a COVID-19 response cell to monitor issues and provide support, it said The novel coronavirus disease (COVID-19) crisis has hit the forest dwellers in India hard: The pandemic has led to a loss of livelihood and employment,...

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Academics and CSOs from 87 countries call for an end to IMF's austerity drive so that countries can undertake fiscal measures for economic recovery
October 6, 2020

-Statement by over 500 organisations and academics from 87 countries against IMF's austerity drive, dated 6th October, 2020 More than 500 organisations and academics from 87 countries have issued a statement today calling on the International Monetary Fund (IMF) to stop promoting austerity and instead support...

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Maharashtra: Sudden micro lockdowns led to labour losses, spike in unemployment, says report -Sandeep A Ashar
October 6, 2020

-The Indian Express In a presentation made to Chief Minister Uddhav Thackeray and senior ministers in a meeting on Monday, the state finance department claimed that the unemployment rate had climbed from 3.9 per cent in July to 6.2 per cent in August. Mumbai: A spike in...

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Explained: Why it’s an underestimate to say only 6% farmers benefit from MSP -Harish Damodaran
October 6, 2020

-The Indian Express The actual number could be anywhere between 15 per cent and 25 per cent. “Only 6% of Indian farmers benefit from minimum support prices (MSP)”. So widely-quoted is this figure — especially in the context of the recently-passed Farmers’ Produce Trade and Commerce (Promotion...

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