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The key strategy is fiscal empowerment of States -M Govinda Rao

-The Hindu The Centre must recognise that winning the war on COVID-19 is linked to the States being armed with enough resources The scale of disruption caused by the COVID-19 pandemic has never been seen before. Even as we are in the midst of the second phase of the national lockdown, there is no clarity on the time it will take to come out of the crisis, the extent of damage it...

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Vividly imagining the life of migrant workers -Rajeev Bhargava

-The Hindu A regime of social policy must be installed to meet the basic needs of all citizens at all times – not only during pandemics The current pandemic has forced us to think about the plight of workers in our country. While the virus has demonstrated the enormous value of health workers, it has also enhanced public awareness of the pivotal role of migrant workers in our Economy. We have been...

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Economy headed for contraction, less fiscal space for big stimulus -P Vaidyanathan Iyer

-The Indian Express If that happens, it won’t be unique to India — the IMF expects the Covid pandemic to severely impact growth across regions in its latest World Economic Outlook. It expects the US Economy to shrink 5.9 per cent and the global Economy to decelerate 3 per cent. New Delhi: As the Centre and states jostle over and grapple with strategies for a staggered exit from the lockdown, the country...

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Explained: How reverse repo rate became benchmark interest rate in the Economy -Udit Misra

-The Indian Express Like most other central banks in the world, the Reserve Bank of India, too, has tried to cut interest rates to boost the Economy. New Delhi: The Indian Economy’s slowdown during 2018 and 2019 is becoming much worse in 2020 with the spread of COVID-19 and the stalling of almost all economic activity. Like most other central banks in the world, the Reserve Bank of India, too, has tried...

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Telephone survey shows high understanding of social distancing, support for lockdown -Sonalde Desai & Santanu Pramanik

-The Indian Express When asked about how many people they had come in contact with outside the house over the preceding 24 hours, over 50 per cent responded that they had not come in contact with anyone. With the nation in the midst of an extended lockdown to prevent the spread of COVID-19, the question of what to do next looms large. We are operating in a brave new world where modern...

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