-Newsclick.in Members of civil society and concerned activists have condemned a proposal for mining reforms issued by the Ministry of Mines. The notice that was made public on August 24 proposing substantive changes to mineral laws, rules, and regulations, is seeking public comments within a period of 10 days. Bengaluru: On August 24, the Union Ministry of Mines posted on its website a “note on proposal for Mining Reforms”. The note detailing...
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India’s GDP Growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the first quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
More »Fears of contraction, GDP data today will mark Covid effect & phase of recession -Aanchal Magazine
-The Indian Express With economic activity severely disrupted in the first two months of this fiscal, hit hard by a series of localised lockdowns and rising Covid-19 cases, GDP contraction for the first quarter is being pegged at an average 20 per cent by economists, with the de-Growth range between 15.2 per cent and 25.5 per cent. The April-June Gross Domestic Product (GDP) will mark India’s entry into a recessionary phase —...
More »A 29% non-govt GDP fall is behind abysmal Growth -Vivek Kaul
-Livemint.com The collapse of GDP Growth by 23.9% for the Apr to Jun period isn’t a surprise. The economy was under a strict lockdown for most of the time to contain the pandemic. Nevertheless, a little digging throws up interesting trends. Mint takes a look. * What does the GDP figure highlight? One way to measure the GDP is to add private consumption expenditure, government consumption expenditure, investment and net exports (exports minus...
More »India’s descent into stepwells of Growth -Kaushik Basu
-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global Growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s Growth in the coming year from -5.8% to -8.5%....
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