-Outlook India The government needs to have a large fiscal stimulus. It needs to put more money in the hands of the poor and vulnerable, Jayati Ghosh, development economist, and professor at Jawaharlal Nehru University tells Outlook. The government recently announced Rs 1.7 lakh crore economic package to help the poor deal with the impact of coronavirus and a 21-day nationwide lockdown imposed to contain the spread of the disease. Experts think...
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Recession To Hit Developing Nations, May Spare China, India: UN Report
-United Nations/ PTI/ NDTV With two-thirds of the world's population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations. United Nations: The world Economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the...
More »Jean Drèze, Belgian-born Indian economist and social activist, interviewed by Indivjal Dhasmana (Business Standard)
-Business Standard Dreze was part of academicians and activists who recently wrote to the Centre about the situation of the migrant workers Jean Dreze, a renowned Belgian-born Indian economist, says migrant workers are not feeling safe and that is why they are desperate to go back home. He tells Indivjal Dhasmana the Centre’s new order that labour should stay where it is will be difficult to implement. Dreze was part of academicians...
More »It’s time to end monopoly of APMCs; food majors should be encouraged to procure directly -Rajalakshmi Nirmal
-The Hindu Business Line If mandi boards surpass the agent network and support trade, farmers will stand to benefit immensely This could be the right time for the Centre to nudge States to make their Agriculture Produce Market Committees (APMCs) play a more active role in primary market trade. If the private sector engages in direct procurement from farmers now, the crowding in mandis can be checked effectively. This is imperative in maintaining...
More »Covid-19 lockdown: Over 15 lakh trucks, 35 lakh drivers stuck on roads without support -G Naga Sridhar
-The Hindu Business Line Hyderabad: The national lockdown is proving to be a nightmare for nearly 36 lakh truck drivers across the country. “Out of 75 lakh commercial vehicles in the country, over 20 per cent are stuck on the roads across the country and drivers are in need of urgent support,” Janakiram Reddy, Vice-Chairman, All India Motor Transport Congress Toll Committee, told BusinessLine on Friday. The 21-day national lockdown announced by...
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