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India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee

-PTI/ The Indian Express Speaking at a virtual event, Nobel Laureate Abhijit Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit. Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government’s economic stimulus was inadequate to tackle the problem. He, however, said that the country will see a revival in growth in the July-September quarter of...

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Labour Experts Dismiss Modi’s ‘Boost to Economy’ Brouhaha Over Codes -Ronak Chhabra

-Newsclick.in Reforms in labour laws will not create jobs, if at all, the conditions of employment will be a “disaster”, they say. The labour codes approved by Parliament are the wrong solution for the wrong problem, experts and academicians argue, even as the Centre continues to harp on about bolstering investments and creating jobs through relaxing regulatory laws, now, more desperately in the wake of the pandemic-triggered disruptions. The wrong problem: labour laws...

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In spate, Mahananda washes away what pandemic had spared for many north Bihar families -Wali Ahmad

-The Indian Express Mirchantola is one the 25 villages in Amour Vidhan Sabha constituency in north Bihar that has been braving floods and massive land erosion over the past few years. This year, in Mirchantola alone, 100 families have been uprooted. Kishanganj: It’s a race against time for 25-year-old Jahane Alam to save his mud house from the ravaging Mahananda river that has already swept away several dwellings of Mirchantola village. Alam’s...

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No Atma, Lots of Nirbharta: The Socio-Ecological Bankruptcy of Modi’s Self-Reliance Stimulus -Ashish Kothari

-TheWire.in The most blatant example of ecological illiteracy in the name of ‘self-reliance’ is that of coal mining – a sector which is being opened up in parts of central India which were hitherto off-limits. For a government that is tom-tomming its environmental record across the globe, it is interesting that nature, ecology and environment are almost totally absent from the Indian government’s COVID-19 recovery or stimulus package labelled ‘Atmanirbhar Bharat’ (self-reliant...

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Is This the Market Reform Indian Agriculture Needs? -Sudha Narayanan

-TheIndiaForum.in The rules of the game in markets have changed dramatically. But there are problems with the fundamental premise of the approach, there are doubts about the future of state intervention & there are major lacunae in the bills, all making the outcome uncertain. On 5 June 2020, amidst growing concern over the seismic collapse of the economy and the spread of the Covid-19 pandemic, the Government of India promulgated three ordinances...

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