-PTI/ The Hindu Business Line Time for bureaucracy to take meaningful action, says former RBI governor Terming the 23.9 per cent fall in economic Growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding unfortunately, after an initial burst of activity, it seems to have retreated...

-The Hindu Business Line Fiscal policy in India has been very timid amidst harsh, inefficient (in terms of public health outcomes) lockdown spells. Unless this changes, the economy may dive further As India faces the biggest economic crisis since Independence, it is being led by a central government in denial about the severity of the impact on lives and livelihoods, and spreading false hopes about the immediate future. The Monthly Economic Report of...

-The Hindu Business Line The MPICC will hold workshop to take State Reform Action Plan forward A Multidimensional Poverty Index (MPI) Parameter Dashboard to rank States and UTs and a State Reform Action Plan (SRAP) are at an advanced stage of development, according to the NITI Aayog, the nodal agency for the Global MPI to drive reforms in India. “The inaugural meeting of the MPI Coordination Committee (MPICC) was held on September 2,...

-Down to Earth Exceptional Growth in agriculture and acreage in kharif season precipitate a crisis like never before for farmers   In recent times, agriculture made headlines for all the wrong reasons: Farmers quitting cultivation; the sector turning into a perennial loss-making enterprise; and the country’s official policy to downsize the dependence on agriculture to reduce overall economic hardship among the poorest of the population. Agriculture’s fast-declining economic importance reached such an extent...

-The Hindu Business Line The government, market and collectives should have worked in tandem to develop resilience of economic institutions during the slowdown in India The sharp downfall in the economic Growth rate could be attributable to a lack of resilience of Indian economy. Only fiscal and monetary policies may not halt the downfall of the economy. Collective organisations, including NGOs, have played an important role in consumption and income-smoothing. The downfall...