-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
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No action will be taken to demolish 48,000 slum clusters in Delhi, Centre tells Supreme Court
-The Hindu Two lakh families live in these houses situated within safety zones along rail tracks in Delhi The Centre informed the Supreme Court on Monday that no action would be taken to demolish 48,000 slum clusters situated within safety zones along rail tracks in Delhi immediately. Appearing before a Bench led by Chief Justice of India Sharad A. Bobde, Solicitor General Tushar Mehta said consultations were on among the Railways, the Delhi...
More »Rural distress looms: dip in crop prices, remittances; rising COVID cases -Aanchal Magazine, Sunny Verma and Anil Sasi
-The Indian Express While the over 3% agriculture growth in the first quarter factored in strong Rabi procurement, with high-price realisations getting reflected in the output numbers, fresh data from mandis indicate a slide in the prices of the intercrop produce — horticulture, milk and poultry etc. The rural sector may have held out the only sliver of hope amid the broader collapse in the first-quarter GDP numbers but there are fresh...
More »Delhi Slum Eviction: 'COVID-19 Took Away Everything, Now Roof Being Taken Away Too' -Gaurav Saini
-TheWire.in The Supreme Court had on August 31 ordered the removal of 48,000 slum dwellings along railway tracks in Delhi within three months. New Delhi: The COVID-19 pandemic took away her family’s livelihood and now 48-year-old Veeramma fears she will lose her roof in the wake of the Supreme Court ordering the removal of 48,000 slum dwellings along railway tracks in Delhi. “My husband was born here. My son was born here. My...
More »ExplainSpeaking on economy: Why unemployment could become a bigger headache for government -Udit Misra
-The Indian Express Rapid spread of COVID-19 and inadequate spending by government could result in India suffering a permanent loss of Rs 30 lakh crore, which is roughly the size of the Union Budget for 2020-21 Dear Readers, This week started with several economists coming out with their revised GDP growth expectations for India in response to the official GDP growth data that was released on August 31. With the economy shrinking more...
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