-Down to Earth Exceptional growth in agriculture and acreage in kharif season precipitate a crisis like never before for farmers In recent times, agriculture made headlines for all the wrong reasons: Farmers quitting cultivation; the sector turning into a perennial loss-making enterprise; and the country’s official policy to downsize the dependence on agriculture to reduce overall economic hardship among the poorest of the population. Agriculture’s fast-declining economic importance reached such an extent...
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Economy: steepest GDP decline on record -R Suryamurthy
-The Telegraph The last time that India faced a full-year contraction in its real GDP was in 1980 The Indian economy shrank by 23.9 per cent in the first quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected. It marks the steepest decline since the National Statistical Office (NSO) started quarterly measurement of gross domestic product (GDP) in 1996. The slide in real GDP...
More »Fears of contraction, GDP data today will mark Covid effect & phase of recession -Aanchal Magazine
-The Indian Express With economic activity severely disrupted in the first two months of this fiscal, hit hard by a series of localised lockdowns and rising Covid-19 cases, GDP contraction for the first quarter is being pegged at an average 20 per cent by economists, with the de-growth range between 15.2 per cent and 25.5 per cent. The April-June Gross Domestic Product (GDP) will mark India’s entry into a recessionary phase —...
More »Rebuild India’s confidence, revive the economy -Manmohan Singh and Praveen Chakravarthy
-The Hindu The path to a sustained recovery is to improve sentiments in society, using economic tools These are extraordinarily difficult times for our nation and the world. People are gripped with the fear of disease and death from COVID-19. This fear is ubiquitous and transcends geography, religion and class. The inability of nations to control the spread of the novel coronavirus and the lack of a confirmed cure for the disease...
More »In its letter to Shri Hardeep Puri, civil society activists and eminent citizens press for 100 days of guaranteed employment for each individual worker in urban areas
-Press release by Peoples' Action for Employment Guarantee, dated 29th July, 2020 The present Covid -19 crisis has brought to the fore the importance of MGNREGA in providing employment to rural workers as well as to those urban workers who due to lack of employment opportunities in urban areas were forced to migrate back to their villages. The Central Government is planning to launch an urban employment guarantee (UEG) programme at...
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