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Six-fold increase in people suffering famine-like conditions since pandemic began

-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...

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Andhra Pradesh's Natural Farming Model Could Scale Up Sustainable Agriculture in India -Divya Veluguri

-TheWire.in Natural farming is a type of organic farming, based on the elimination of chemical inputs and use of locally available resources to reduce farmers' input costs and make agriculture remunerative. We need to fix agriculture in India – our current system is exploitative for both our farmers and the environment. Today, nearly all public spending in agriculture goes to support input-intensive practices that have only deepened the crisis. As we are...

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Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...

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Tumbling down -Renu Kohli

-The Telegraph The slump in the GDP and the pain ahead The -23.9 per cent shrinkage in the April-June GDP is not a surprise as nearly half the period witnessed a national lockdown. It’s also not surprising that this loss is the world’s steepest for India’s lockdown was the most stringent and the accompanying fiscal policy response the weakest. But the quarter per cent slump did surprise most analysts who have since...

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An Expert Explains: Decoding GDP contraction --Neelkanth Mishra

-The Indian Express The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? * How should one read the first-quarter GDP data and the contraction by 23.9%? What signal does it offer for the future? And does it give any idea of...

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