-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
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A woman’s place should be outside the home, too -Neetha N
-The Indian Express Acknowledging the burden of housework on women is welcome. But more needs to be done to address their exclusion from employment. At a time when four states and the UT of Puducherry are heading for elections, housework and recognising those who do it have become topics of public discourse. In the poll-bound states in south India, housework has figured in manifestos. In Kerala, the ruling Left government has promised...
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 »India’s true self-reliant entrepreneurs -Maitreesh Ghatak and Mukulika Banerjee
-Hindustan Times The lockdown showed how migrant workers, let down by the State, community and market, are the nation’s most valuable resource Atmanirbharata is India’s new economic policy. Nirbharata means reliance, and atma means the self. The Atmanirbhar Bharat Abhiyan, announced by Prime Minister (PM) Narendra Modi, following the lockdown announced on March 24, 2020, calls for India’s economic mission to be based on self-reliance. Recently, the PM extolled the virtues of...
More »Activists disappointed with MGNREGA wage revision -Sumit Bhattacharjee
-The Hindu ‘Not paying minimum wages amounts to forced labour’ VISAKHAPATNAM: The Human Rights Forum (HRF) and Samalochana Association expressed their disappointment over the quantum of increase in the wage rate of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Andhra Pradesh and Telangana. “The increase in wages by a meagre ₹8, from the existing ₹237 to ₹245 a day, is measly and amounts to mere eyewash. We are concerned about...
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