-TheWire.in Eighty per cent or more of the demand in the Economy has vanished thanks to the lockdown he hastily announced, with no warning or preparation. The only way out is to pump money in to revive demand. In a discussion on NDTV about the contents of the third tranche of Prime Minister Narendra Modi’s stimulus package for the Economy, Yogendra Yadav, one of India’s most respected psephologists, called it ‘entertainment’. Yadav...
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Post-COVID there is a case for a greener GNP -Ganesan Balachander
-Mongabay.com * The COVID-19 pandemic has shown up major fault lines in our development trajectory and one of the issues is how we account for growth and progress with the gross national product (GNP) calculated as a single bottom line, without paying heed to the ecological, environmental and social costs. * Air and water pollution have been shown to add a significant cost to India’s GNP. A greener GNP will take these...
More »Will India's MSME Package do Enough to Blunt the Adverse Effects of the Lockdown? -Satya Mohanty
-TheWire.in India’s economic package for MSMEs is far reaching and reformatory. But does the rubber meet the road, as they say? Politics does not oblige its players to adhere to the truth. But two things are a big no-no and better avoided. The first is trying to meet multiple objectives with one instrument or decision and the second is Tom Sawyer-ing. Mark Twain’s character had a knack of getting other people to see...
More »Will Indian Agriculture Come out Relatively Unscathed in FY'21? -Siraj Hussain and Jugal Mohapatra
-TheWire.in The outlook for kharif 2020 contains a few good signs, but much will depend on the monsoon. Since the harvesting of most rabi crops was completed in time, despite the nationwide lockdown from March 24 onwards, an impression has gained ground that all is well with Indian agriculture. It is true that due to extraordinary efforts made by government machinery, procurement of wheat in Punjab, Haryana and Madhya Pradesh has been more...
More »UP govt withdraws order increasing daily working hours to 12 from 8 -Somesh Jha
-Business Standard The UP government's Ordinance, however, proposes increase in working hours from 8 to 10 hours a day New Delhi: The Uttar Pradesh government on Friday withdrew an order increasing the daily working hour limit in manufacturing units from eight to 12 hours. The move came a day after the Allahabad High Court issued a notice to the State on a public interest litigation challenging the order. In a communication to the...
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