-The Indian Express On the Covid-19 lockdown in India, Tumbe said that while internal migration takes place in all countries, India was probably the only country that faced a massive migration crisis. The recent laws in Jharkhand and Haryana that reserve Private Sector jobs for local residents are “nativist” and should be struck down, panelists said Tuesday at the second edition of the eight-part webinar series — Thinc Migration — organised by...
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India FY21-22 growth will be in the 7.5%-12.5% range, likely 10.1 %: World Bank -Sriram Lakshman
-The Hindu The Bank expects public consumption to contribute positively, but pent-up private demand to fade by end of 2021 India’s economy is expected to grow at 10.1% for the year starting April 1, 2021, as the vaccine roll-out drives activity in contact-intensive sectors, as per the World Bank’s South Asia Economic Focus South Asia Vaccinates report. However, given the significant uncertainty around epidemiological and policy factors, real GDP growth could range...
More »Dormant Parliament, fading business -MR Madhavan
-The Hindu The gradual deterioration in Parliament’s functioning has to be stopped if it is to fulfil its constitutional mandate The Budget session of Parliament ended on Thursday, two weeks ahead of the original plan, as many political leaders are busy with campaigning for the forthcoming State Assembly elections. This follows the trend of the last few sessions: the Budget session of 2020 was curtailed ahead of the lockdown imposed following the...
More »Why privatising public assets is poor economics, impetus to greater wealth inequality -Prabhat Patnaik
-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the Private Sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....
More »TB notifications register fall due to pandemic disruptions
-The Hindu They were on an upward trajectory between January and February 2020 In 2020, there were 18.05 TB notifications, which was a fall of 24% from 2019 due to the disruptions caused by the pandemic, according to the India TB report released by the Health Ministry on Wednesday. The report said between January and February 2020, the notifications were on an upward trajectory, with 6% more cases reported in the same period...
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