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From diamond to dust: Five years after demonetisation in India -Aarefa Johari & Rohan Venkataramakrishnan

-Scroll.in The shock move devastated India’s informal economy. Many small businesses never recovered, as a supply chain at the intersection of diamonds and plastic shows. Up till 8.30 pm on the night of November 8, 2016, Muniram Yadav was blissfully unaware of the announcement that had shaken the country just thirty minutes before. He was engrossed in work, in a tiny workshop in Mumbai’s Sakinaka suburb, supervising four labourers as they carried...

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COVID-19 widened educational divide: UNESCO report

-The Hindu School closures also interrupted support mechanisms from which many disadvantaged learners benefit The COVID-19 pandemic has exacerbated inequalities in education systems across the world. According to a UNESCO report released on Tuesday, about 40% of low- and lower-middle-income countries have not supported learners at risk of exclusion during this crisis, such as the poor, linguistic minorities and learners with disabilities. The 2020 Global Education Monitoring Report noted that efforts to maintain...

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India's exports fall for fifth straight month in December

-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and GeMs and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...

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Merchandise exports affected by global slowdown but not export of services

  Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture.   A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...

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Slowdown Blues: Contrary to Modi govt's aim, exports down by 6% in August; GeMs & jewellery lose shine -Rahul Shrivastava

-BusinessToday.in Cumulatively, the exports were down 1.53 per cent to $133.54 billion in the April-August period, while imports contracted by 5.68 per cent to $206.39 billion The depressing trends in India's trade in this financial year continue to hurt its growth story. India's exports in August dropped by 6.05 per cent to $26.13 billion compared to the August 2018 mark, as per official data released on Friday. In the first five months...

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