-The Telegraph Challenges to economic recovery in India and the world remain The International Monetary Fund revealed its outlook for the world economy last week. A year and a half after the pandemic, global recovery remained reassuringly strong: the world economy is expected to grow a tad slower (10 basis points) this year at 5.9 per cent and at an unchanged pace — 4.9 per cent — next year. But the exit...

-Livemint.com The finance ministers of G-20 countries are scheduled to meet today in Washington to discuss the global minimum tax of 15% for multinational enterprises. Mint looks at the global minimum tax and its implications. * What is the global minimum tax? Last week, the Organization for Economic Co-operation and Development (OECD) finalized a landmark agreement to subject multinational enterprises (MNEs) to a minimum 15% tax from 2023. A total of 136 countries,...

-Newsclick.in The Biden administration is realising this. The need of the hour, therefore, is to build a post-pandemic growth strategy centred on an increase in public investment and public spending. The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade in goods...

-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-indebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...

The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...