-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 »US, Japan move WTO against India onion export ban -Radheshyam Jadhav
-The Hindu Business Line Maharashtra farmers seek concret exim policy Pune: The US and Japan have dragged India to the World Trade Organization over the frequent ban it imposes on onion exports. Both countries have alleged that the export ban without prior notice create problems for importing countries. This, in turn, has resulted in Maharashtra onion growers demanding that the Centre draft a comprehensive policy on the import and export of onion, instead...
More »Nearly 4,000 Odisha villages free of child marriage now -Priya Ranjan Sahu
-Down to Earth Child marriages surged after COVID-19 first wave; streamlined state efforts helped arrest the trend, claim officials As many as 3,970 villages in Odisha were declared child marriage-free between January and the first week of July 2021. The development has coincided with SECond wave of the novel coronavirus disease (COVID-19) pandemic; the state had registered a surge in child marriages during the first wave. In 2020, only 62 villages were declared...
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...
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