-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels....
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COVID-19 Impact: Huge Decline in People Accessing Health Services -Ravi Duggal
-Newsclick.in While COVID-19 affected all areas of life, it was access to healthcare where it had the maximum effect. So inpatient admissions, outpatient care or operations saw declines of up to 40%. Declines were also seen in deliveries, antenatal care and immunisation of children. States with a large private health sector also suffered as charges were increased substantially so that profits remained unaffected. So the message is clear–give adequate budgetary allocations...
More »Economic revival beating predictions: RBI bulletin
-The Hindu “Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin. There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the...
More »Only 59 patients undergoing treatment at world's largest 10,000-bed COVID centre
-ANI/ Livemint.com Officials also claimed that this is the first time since its opening that the number of patients has reached close to 50. As the total number of COVID-19 patients has crossed the 1 crore-mark, the world's largest 10,000-bed Sardar Patel COVID centre in Delhi's Chhatarpur area has just 59 patients currently undergoing treatment. According to the data compiled by Indo-Tibetan Border Police (ITBP), which is operating the centre, said that this...
More »A Pandemic of Discontent: The Growing Woes of India’s Food Delivery Workers -Gayathri Vaidyanathan
-TheWire.in Swiggy’s moves to deal with financial losses and COVID-19 have sparked protests by its delivery boys, who have been dealt a raw deal and seen their wages decrease. On March 24, after India first locked down to deal with the COVID-19 pandemic, Raj*, a 27-year-old food deliveryman for Swiggy in Surat, stayed home for two days. He’d heard the police were stopping his co-workers and seizing their bikes. Raj’s boss called. Don’t...
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