-The Tribune 70% India imports almost three-fourths of its annual domestic consumption of edible oils KHARIF harvesting operations are going to begin soon. Agricultural production is likely to surpass last year’s record production by 7-8%. The higher production inevitably puts downward pressure on market prices. The problem of low harvest prices has been compounded by the steep fall in the GDP growth rate in the first quarter of 2020-21; it will reduce...
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How to reduce food, job insecurity in rural areas -Binoy Acharya, Ved Arya, Pratyaya Jagnannath, and PS Vijayshankar
-Hindustan Times Launch a massive programme to rehabilitate returnee migrants; allocate an additional Rs 50,000 crore for MGNREGS; extend the free ration scheme for six more months; revive and strengthen public systems of service deliver; RBI should give a directive to banks to extend a top-up loan of Rs 10,000 crore to Self-help Groups After the Covid-19 outbreak, 66% of rural households fell short of cash for food. About 40% reduced their...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »ExplainSpeaking on economy: Why unemployment could become a bigger headache for government -Udit Misra
-The Indian Express Rapid spread of Covid-19 and inadequate spending by government could result in India suffering a permanent loss of Rs 30 lakh crore, which is roughly the size of the Union Budget for 2020-21 Dear Readers, This week started with several economists coming out with their revised GDP growth expectations for India in response to the official GDP growth data that was released on August 31. With the economy shrinking more...
More »'By year end, many kids will be thrown out of education system' -Gaurav Sarkar
-Mid-Day.com A report analysing impact of the lockdown on education in Maharashtra reveals why poor students, who do not have access to smartphones or data, have been worst hit A report published this week by the People's Union for Civil Liberties (PUCL), analysing the impact of the COVID-19 lockdown on the state of education in Maharashtra, indicated that digital classrooms and compulsory examinations for final year college students, were doing more harm...
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