-The Indian Express Arvind Subramanian, Shoumitro Chatterjee write: Our growth model has been export-led and should not be abandoned. Export opportunities in general and in specific sectors could be significant even in a post-COVID world. India’s intellectual and policy community has embraced atmanirbharta. This inward turn — actually return — amounts to abandoning two core principles of the post-1991 consensus: Export-orientation on the macro-economic side, and slow but steady liberalisation on the...
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COVID-time demand helps whittle down FCI grain stocks -Harish Damodaran
-The Indian Express The gap between the current and year-ago stocks, too, has narrowed down from over 15 mt to 1.5 mt between June 1 and October 1. COVID-19 may have unleashed all-round economic devastation, but has also turned into an opportunity for whittling down the Food Corporation of India’s (FCI) massive grain mountain. At 68.49 million tonnes (mt), the total wheat and rice stocks in the Central pool as on October 1...
More »Promised free vehicles, funds? It’s all fake -Rakesh Dubbudu and Akhil Reddy
-The Hindu It is high time the government takes note of the fake schemes menace Here’s an exercise: Log onto any social media or technology platform, whether Google, YouTube, Facebook or Twitter. Type the name of any of these “schemes” — Free Laptop Scheme, PM Scooty Yojana, PM Kisan Tractor Yojana, Pradhan Mantri Solar Panel Yojana, and PM Kanya Aashirwad Yojana. You will be promised anything from free vehicles to free funds...
More »MSMEs -- re-defined for growth -Surbhi Jain and Sonali Chowdhry
-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
More »70% of reverse migrants want to go back to cities -Prashant K. Nanda
-Livemint.com Government data claims that more than 10 million people went home after the lockdown, although experts and civil society groups say the number is much larger. Migrants who went home during the lockdown saw their incomes drop by as much as 94% and an overwhelming majority of them are ready to return to the cities, a survey by a team of retired government officers and academics found. The survey on COVID’s impact...
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