-The Indian Express Amid shortages in a number of states, the Centre has set about plans to import 50,000 tonnes of medical oxygen. Which states are worst hit, why is transportation difficult, and what is the way forward? As India touches 16 lakh active Covid-19 infections, a number of states have reported shortages of medical oxygen for a growing pool of patients in need of oxygen support. India plans to import 50,000...
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India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman
-The Hindu The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021 India’s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank’s South Asia Economic Focus South Asia Vaccinates report. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range...
More »Millets pose production and consumption challenges; MP’s Dindori project shows the way forward -Harish Damodaran
-The Indian Express In rural India, the National Food Security Act of 2013 – which entitles three-fourths of all households to 5 kg of wheat or rice per person per month at Rs 2 and Rs 3 per kg, respectively – has reduced the demand for millets. Millets score over rice and wheat, whether in terms of vitamins, minerals and crude fibre content or amino acid profile. They are also hardier and...
More »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...
More »Why privatising public assets is poor economics, impetus to greater wealth inequality -Prabhat Patnaik
-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....
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