-The Telegraph Prospects of the future damaged by failing development policy to collapsing democracy The recent estimate of GDP growth for the third quarter of 2019-20, at around 4.7 per cent, has prompted a predictable sense of gloom. However, even the 4.7 per cent estimate is deceptive, since in per-capita terms, the corresponding figure would be just above 3 per cent. This, sadly, is no more than half the growth rate of...
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Virus, on balance -Anand Krishnan
-The Indian Express Dealing with COVID-19 requires a clear public health focus while addressing fears at the individual level. My friend, whose daughter is in the US, rang me up for advice. A coronavirus case has been reported from her city. Should he get his daughter to India? Is air travel safe? Everyone is worried about the way the COVID-19 outbreak will play out. In today’s networked world, heightened sensitivities make it...
More »In a first, Punjab mandis to store wheat produce post-procurement -Gurpreet Singh Nibber
-Hindustan Times The department officials said the idea of storing wheat on the premises of rice mills could not materialise because they already have an excess paddy stock. Chandigarhh: In the wake of a stalemate with the Food Corporation of India (FCI) over finalisation of storage rates for covered area plinths (storage in open), the Punjab food and civil supplies department has decided to store wheat produce in the state’s grain markets...
More »Govt should tackle the demand side instead of dealing with the supply side of the economy -Yashwant Sinha
-The Indian Express This government is barking up the wrong tree. First of all, it is solely responsible for the present slowdown. Second, it has no understanding of what has caused the problem. Third, therefore, it is flailing its arms in all directions except the right one and causing more pain. I have often been criticised for being critical of the present regime, even by people near and dear to me. One...
More »No green shoots of a revival in sight as yet -R Nagaraj
-The Hindu The latest GDP data show that there has been an undeniable decline in the growth rate over seven consecutive quarters On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation), compared to the same period the...
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