-The Hindu The Indian government has assured COVID-19 vaccines will be provided for all by December 2021. The Asian Development Bank (ADB) has downgraded its India growth forecast for this year to 10% on Tuesday, from 11% projected in April, citing the second wave restrictions across States and expects most of India’s population to be vaccinated by 2022-23. The Indian government has assured COVID-19 vaccines will be provided for all by December 2021,...
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Inflation remains above 6% for second month
-The Hindu Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...
More »Potato imports from Bhutan allowed again -Vikas Dhoot
-The Hindu retail inflation in potatoes surged from 6.8% in April this year to 11.1% in May, SBI had noted With retail potato prices rising sharply over April and May, the government has decided to permit the import of Potatoes from Bhutan without any license up to June 30, 2022, as per a notification issued late on Monday by the Commerce and Industry Ministry. Last October, as potato prices crossed ₹40 per kilogram...
More »The Poverty of Economic Conservatism -Prabhat Patnaik
-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...
More »Prices of daily essentials spike by up to 40% -Sangeetha Chengappa
-The Hindu Business Line Hike leads to 5% increase in average monthly household spend, says report Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz. The report highlights that the FMCG price inflation...
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