-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...

-Hindustan Times McKinsey report paints a dire climate picture for India which it can’t escape without coordinated global action A new report from the McKinsey Global Institute (MGI), on the likely consequences of global warming for Asia, has some very dire projections for India—bear in mind, the report projects Asia to suffer the brunt of the climate change impact. MGI’s may not be the FIRst such projection for India, but at a...

-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the second quarter of 2020-21, following the record 23.9% decline recorded in the FIRst quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when lockdown restrictions were eased is better than most rating...

-The Hindu With labour law reforms set to change industrial relations, trade union responses must include social dialogue too Ten central trade unions (CTUs) have called for a nation-wide strike on November 26, 2020 to condemn what they consider to be the anti-people, and anti-labour economic policies of the government. This follows strikes in the coal and defence sectors protesting privatisation and the corporatisation policies of the government. It is essential to...

-The Indian Express This assumes significance as Uttar Pradesh Chief Minister Yogi Adityanath had cited this order while announcing he would bring a law on 'love jihad'. Quashing an FIR that accused a Muslim man of abducting a Hindu woman and forcefully marrying her after converting her to Islam, the Allahabad High Court has said that “two adults are free to choose their partner” and that it is their right to freedom...