-Moneycontrol.com The RBI’s state of the Economy report enlists Benjamin Franklin, Fyodor Dostoyevsky, Paulo Coelho, Barack Obama, Shakespeare and a host of lesser luminaries to drive home a message of relentless positivity Back in January this year, RBI’s state of the Economy report prognosticated that India will have a ‘glorious summer’. Seen in heartless hindsight, that remark was gloriously off the mark. Has the devastating second wave of the pandemic changed the RBI’s...
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Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik
-Newsclick.in The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of inflation is proof of the fact. The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of inflation has not been...
More »Are we listening to the lessons taught in the first year of Covid-19? -Ashish Kothari
-The Indian Express The pandemic revealed the precarious state of India’s informal sector. Localised production, trade and markets offer a better alternative to existing paradigm of development. Another wave of COVID, another round of lockdowns, another long journey back home for migrant workers. If there is one lesson we are learning after a year of COVID-19, it is that we have not learnt any lessons, at least not the crucial ones. 2020 exposed...
More »India exported nearly 9300 metric tonnes of oxygen in FY21 as pandemic rolled on -Subhayan Chakraborty
-MoneyControl.com Official figures show that in just the first three quarters of 2020-21, 9294 MT of oxygen was exported from the country, more than double the 4502 MT exports in the previous year. The vast majority of Oxygen headed to neighboring nation Bangladesh. While the supply of medical Oxygen runs low across the country and it gears up to import medical Oxygen, official data shows that nearly 9,294 metric tonnes (MT) of...
More »India on the brink of unprecedented unemployment crisis: CMIE report -Gyan Pathak
-TheLeaflet.in Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis. —– THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during...
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