-Hindustan Times “In the last 24 hours, close to 500,000 new cases have been reported and about 9,300 deaths -- now that’s not a pandemic that’s slowing down,” Dr Soumya Swaminathan said. With the spread of the Delta variant of Covid-19, the number of infections has been rising across most regions of the world, chief scientist of the World Health Organisation (WHO) Soumya Swaminathan said on Friday. She also called it clear...
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The pandemic in data: How Covid-19 has devastated India’s economy -Swati Dhingra & Maitreesh Ghatak
-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...
More »The bad news hidden in the good news on job numbers -Vivek Kaul
-Livemint.com The lack of jobs is forcing many people to stop looking for one and thus drop out of the workforce. Here’s the good news first. According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate for June 2021 fell to 9.17%. It was at 11.9% in May. The following chart plots the unemployment rate since January 2016, the period for which this data is available. As can be seen from...
More »More Than Half Of Districts With High Covid-19 Positivity Are Himalayan -IndiaSpend Team
-IndiaSpend.com Of India's 83 districts with a Covid-19 test positivity ratio higher than 10% by the week ending June 30, 54% were in the mountainous Himalayan region. Experts ascribe this to infections reaching hilly areas later than the plains, and to low and late testing Mumbai: India's Himalayan region is reporting high levels of Covid-19 positivity, even as the second wave recedes in many parts of India, an IndiaSpend analysis of Ministry...
More »India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
-PTI/ The Hindu Share of profit allocation, subject-to-tax rules’ scope yet to be addressed, says Finance Minister A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a ‘consensus agreement’ was expected by October. A total of 130 countries on Thursday agreed to an overhaul of global...
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