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The rural economy can jump-start a revival -Himanshu

-The Hindu The Government needs to reverse its neglect and policy missteps as key indicators show the sector has resilience The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an...

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Govt. has an active role to play during the pandemic in terms of nutritional support, education & jobs, says IFPRI report

A recent report by the International Food Policy Research Institute (IFPRI) states that the countrywide lockdown imposed on 25th March, 2020, which was extended for nearly two months in phases, affected the food and nutritional status of vulnerable sections of the Indian population. It says that a programme like the Mid-Day Meal Scheme covers four-fifth of primary-school-aged children in the country that helps in improving not only nutrition but also...

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US Stimulus: Setting a new agenda? -CP Chandrasekhar

-The Hindu Business line/ Macroscan.org The $1.9 trillion American Rescue Plan signed by Joe Biden is one of the biggest fiscal boosts in the world in recent times. It marks a move away from the fiscal conservatism and dependence on Monetary policy instruments characteristic of the neoliberal era that began with Reagan. Please click here to read more. ...

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During COVID-19 pandemic, India’s debt to GDP ratio increased from 74% to 90%, says IMF

-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...

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China may have become more prosperous in comparison to India in 2020, estimates new study

During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...

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