-The Hindu Fresh investments dip by 18% overall The second wave of COVID-19 and a steep decline in new investment projects from government agencies dented fresh investment plans in the economy by 18% in the first quarter of 2021-22, compared to the previous quarter. Despite the government’s stated push for capital spending to revive the economy, public infrastructure investments almost halved compared to the January-March quarter, bringing total outlays on new infrastructure plans...
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The pandemic in data: How Covid-19 has devastated India’s economy -Swati Dhingra & Maitreesh Ghatak
-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a Massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...
More »Six-fold increase in people suffering famine-like conditions since pandemic began
-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...
More »Supreme Court seeks details of RTI panel vacancies
-The Telegraph The court was hearing a joint PIL filed by Anjali Bharadwaj, Col Lokesh Batra and Amrita Johri complaining about the openings resulting in a Massive backlog of cases The Supreme Court on Wednesday granted four weeks to the Centre and states to come out with details of vacancies of information commissioners amid complaints that governments across the country are seeking to dilute the transparency law by the keeping the posts...
More »Several studies but one conclusion -- poorly planned COVID-19 induced national lockdown hurt the poor the most
The recent Supreme Court of India’s judgments (please click here and here) related to ensuring food security of the migrant and unorganised sector workers through the provision of dry ration, running of community kitchens and proper implementation of the 'One Nation One Ration Card' scheme should come as no surprise to us. A recent review of some of the robust studies, which relied on multi-state surveys (or reference surveys), having...
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