-Livemint.com A failure to protect incomes could widen the gap between have-nots and haves and thus hurt growth When the facts change, I change my mind," John Maynard Keynes is believed to have said almost a century ago. Responding to the economic after-shocks of the covid pandemic, governments and central banks have been living by this maxim. In the UK and US, supposedly fiscally conservative governments have spent with abandon to prop...
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Bihar procurement at snail’s pace, farmers forced to sell paddy much below MSP -Santosh Singh
-The Indian Express Several farmers told The Indian Express that they had to sell their paddy for Rs 800-Rs 1,200 per quintal in open market, although the MSP is Rs 1,868 per quintal, as the procurement process is yet to begin in their areas. Patna: THE MAJORITY of farmers in Bihar, who have harvested their paddy crop this season, have no option but to sell their produce at rates much below the...
More »Vitamin D’s COVID-19 Connection Is Not as Straightforward as You Think -Dr Narayana Subramaniam
-TheWire.in Science The recent publication of a high-profile study from India showing that patients with severe COVID-19 infections were more likely to have low vitamin D levels as well, and that the death rate was significantly higher among those with low vitamin D, has caused a flutter in the medical research community as well as among non-experts. The authors of the study have also written that their results indicate mass supplementation of...
More »RBI upgrades GDP forecast, expects economy to shrink 7.5% this fiscal
-Livemint.com The economy is recuperating faster than anticipated, the RBI chief said The Reserve Bank expects GDP to contract 7.5% this fiscal, said central bank chief Shaktikanta Das while announcing monetary policy committee decision to keep interest rate unchanged. This is an upgrade from the central bank's earlier forecast of 9.5% contraction in its October review. The economy is recuperating faster than anticipated, the RBI chief said, adding that the recovery in...
More »Questionable data, little room for exuberance -R Nagaraj
-The Hindu Using the latest quarterly estimates to point to an economic rebound seems flawed; recovery is likely to remain modest The decline in the quarterly GDP growth rate, by 7.5% during July-September 2020 (FY 2020-21: Q2), compared to a 24% decline in the first quarter has raised expectations of a sharp economic recovery after the novel coronavirus pandemic and the national lockdown. But is such optimism justified? A tracker India’s GDP at current...
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