-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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Three ordinances and a protest: Why Haryana and Punjab farmers are angry -Harish Damodaran, Anju Agnihotri Chaba and Parthasarathi Biswas
-The Indian Express These protests, preceded by sit-ins across Punjab, are expected to gather steam after September 14, when Parliament convenes for the Monsoon Session. Jalandhar, New Delhi and Pune: On Thursday, farmer organisations in Haryana defied prohibitory orders imposed amid the pandemic to hold a rally at the Pipli wholesale grain market near Kurukshetra. They even blocked the Delhi-Chandigarh national highway for a couple of hours, when the police initially did...
More »An agriculture-led revival as flawed claim -R Ramakumar
-The Hindu The crisis in agriculture demands that the government announce a strong fiscal stimulus for the rural economy A rather confident statement heard in the midst of India’s COVID-19-induced economic slowdown is this: “Agriculture will lead India’s economic revival”. But how valid is this claim put forward by government spokespersons and some observers? Four major arguments are offered. First, India’s food grain production in 2019-20 was 3.7% higher than in 2018-19. The...
More »In Uttar Pradesh, more than half of NSA arrests this year were for cow slaughter -Manish Sahu
-The Indian Express As per a statement by Additional Chief Secretary (Home) Awanish Kumar Awasthi, this year, till August 19, the UP Police had invoked the NSA against 139 people in the state, 76 of them for cow slaughter. As on August 31, the Bareilly police zone alone accounted for 44 of the cases. Lucknow: THE National Security Act (NSA) was invoked against a man accused of being involved in cow slaughter...
More »Six years of Modi govt’s rule has led Indian economy to near collapse -Prabhat Patnaik
-National Herald If the disaster that economy is heading towards is to be avoided, there has to be a massive injection of demand by govt both through transfers and through direct spending on goods and services 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...
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