-TelanganaToday.in Pvt consumption and investment (90% of GDP) have shrunk 35% and revised numbers could present a scarier picture On 31st August, the National Statistical Office (NSO) came out with the provisional estimate of the GDP. According to this, the GDP shrunk by 23.9% during April, May and June as compared with the first quarter of the last financial year (2019-20). Aggregate private final consumption expenditure contracted 26.7% and investment (including gross...
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TMC slams Centre for cancelling Question Hour in Parliament but does the same in Bengal -Indrajit Kundu
-IndiaToday.in The Mamata Banerjee-led West Bengal govt has decided to cancel the Question Hour during the upcoming state assembly session. Kolkata: The Trinamool Congress may have been on the warpath against the BJP over the Modi government's decision to cancel Question Hour during the upcoming Monsoon Session of Parliament, but its own government in West Bengal has followed exactly the same path-to cancel the Question Hour. Speaker of West Bengal Legislative Assembly Biman...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »India’s GDP growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the first quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
More »Delhi HC grants bail to Pinjra Tod member Devangana Kalita
-The Hindu/ PTI The Delhi High Court on Tuesday granted bail to a member of Pinjra Tod, a women’s collective, in a case related to the communal violence in northeast Delhi during protests against the Citizenship Amendment Act in February. Justice Suresh Kumar Kait gave the relief to JNU student Devangana Kalita on furnishing of a personal bond of ₹25,000 and a surety of the like amount. The court directed that she shall...
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