-Scroll.in The focus is on providing food grains to the very poor as against supporting that with more funding for existing nutrition-focussed welfare programmes. Data collated from a recent paper -studying the impact of the Covid-19 lockdown in 2020 by Jean Dreze and Anmol Somanchi reflect the grim condition of India’s looming malnutrition crisis. In a co-authored essay around April 2020, we had argued how the “hidden costs of this pandemic” (and the...
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The rural economy can jump-start a revival -Himanshu
-The Hindu The Government needs to reverse its neglect and policy missteps as key indicators show the sector has resilience The second wave of the COVID-19 pandemic could be slowly receding with a decline in the official estimates of daily infections and deaths. The economy is also very gradually getting back to normal, with many States beginning to ease some of the restrictions imposed in their lockdowns. However, the challenge of an...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Negative perception on economy and employment rises to an eight-year high
-The Hindu More than 80% of respondents say the country's economic and employment situation worsened in May 2021 Job losses in urban areas as a consequence of COVID-19-related lockdowns have crushed the confidence levels of city dwellers. Their negative perception of the economy and employment situation has reached the highest level recorded in at least eight years. The negative perception remained high with regard to the overall price situation and Incomes too....
More »Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this -Ila Patnaik and Radhika Pandey
-ThePrint.in RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority. The second wave of the Covid-19 pandemic and the ensuing lockdown has hit household Incomes sharply. Households have survived to a large extent by borrowing. The Reserve Bank of India (RBI) data shows a sharp increase in households borrowing against gold. In addition to borrowing from the...
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