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The Hindu Explains: What is technical Recession, and what does it mean for the Indian economy? -Suresh Seshadri

-The Hindu * What has the RBI cautioned about GDP decline amid the pandemic, and what lies ahead? The story so far: The Reserve Bank of India’s (RBI) latest monthly bulletin features an article by an official at its Monetary Policy Department titled ‘An Economic Activity Index for India’, where the author has, in a ‘nowcast’ (a forecast that estimates the outcome of a near-term event), projected that India’s GDP (Gross Domestic...

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Explained: What is a technical Recession? -Udit Misra

-The Indian Express Latest RBI bulletin projects contraction for a second consecutive quarter, which means the economy is in a ‘technical Recession’. What does it mean, and how is it different from a ‘Recession’ and a ‘Recessionary phase’? In its latest monthly bulletin — for November — the Reserve Bank of India has dedicated a chapter on the “State of the economy”. The idea is to provide a monthly snapshot of some...

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Centre rolls out ₹1.19 lakh-crore stimulus package

-The Hindu Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment. Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a...

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Recession: July-Sept GDP to contract 8.6%, estimates RBI

-The Indian Express The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Mumbai: The Indian economy likely entered into a technical Recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India. After an unprecedented decline of 23.9 per cent in GDP...

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A normalisation of WFH is unlikely to raise women’s participation in the labour force -Ashwini Deshpande

-The Indian Express Work from home, without lessening domestic burden and an increase in paid work, is unlikely to draw more women into the labour force. Is the COVID-19 pandemic unwittingly turning the tide on the sticky issue of the low labour force participation (LFP) of Indian women that decades of policy and research efforts have been trying to achieve without success? A recent report from LinkedIn suggested that Indian women increased their...

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