Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Bihar economy: Dragged by legacy issues, a slow, steady progress -Aashish Aryan
-The Indian Express Nitish’s 15 years have seen high growth, especially in welfare indices, spending; industries slower to catch up. New Delhi: As Bihar heads into an election that promises to be a battle of proxies fought between former and present allies, on the state’s economic conditions alone, Chief Minister Nitish Kumar seems to have a clear edge. The state has improved in the last five years in terms of growth of...
More »Suggested resources to understand the COVID-19 crisis better
These days a lot many articles, reports, documents, etc. are appearing in the public domain on Coronavirus infection and related issues. An attempt has been made in the present news alert to put together in one place some of the best articles, reports, blogs, webinars, podcasts, etc., which can be useful for our readers. We have divided the resources under various themes for the convenience of our readers and social media...
More »A greater ease of living -Amarjeet Sinha
-The Indian Express Discussions of rural poverty fail to factor in multi-dimensional changes in the sector in the last five years Rural poverty in India has been the subject of discussion in recent times. Low increase in prices of agricultural commodities and the slower increase in rural agricultural wages have been seen by some as signs of a crisis for the rural poor. Many acknowledge the role of pro-poor public welfare...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
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