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Q2 GDP shows surprising resilience: Is it good enough to last?

-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...

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Farmer rebuttal to Modi on Constitution Day -Sanjay K Jha

-The Telegraph BJP-ruled Haryana govt slammed for using force and water cannons to stop farmers from reaching Delhi to protest against the new farm laws New Delhi: While Prime Minister Narendra Modi was holding forth on constitutionalism on Thursday morning, the Congress tweeted a quote by Mahatma Gandhi: “What you do says what is most important to you. Action expresses priorities.” The message was posted along with several photographs and videos showing the...

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Bengal, Kerala agree to Centre's GST borrowing formula

-The Telegraph Three states — Punjab, Jharkhand and Chhattisgarh — have not accepted the proposals yet Bengal and Kerala have dropped their opposition to the Centre’s borrowing option to bridge the gap in the Goods and Services Tax revenue receipts. The two states have opted for the limited borrowing option under which the Centre will borrow funds and pass them on to the states but the debt will be recognised in the balance...

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Covid-19 pushes tourism in Delhi to the edge -Manoj Sharma

-Hindustan Times Paharganj, once a bustling, thriving market whose entire economy depends on foreign tourists, is a microcosm of the devastation caused by the ongoing coronavirus crisis in the capital’s tourism sector. Satyam Bhatnagar runs a handicrafts shop in Paharganj’s main bazar, a backpackers’ paradise that boasts of hundreds of touristy establishments such as money changers, hotels, rooftop restaurants, tour operators, and handicrafts shops selling a range of stone and wood sculptures,...

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Experts warn against vaccine hesitancy

-The Hindu In Delhi, two evening markets were ordered to be shut for violating COVID-19 norms. A large percentage of the world’s population is gripped by vaccine hesitancy, experts believe as a coronavirus vaccine appears more likely in the next couple of months. Vaccine hesitancy, which is defined as reluctance or refusal to vaccinate despite availability of vaccines, is feared to grip up to 40 to 50% of the world’s population, according to...

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