-Livemint.com The country can’t expect to be a superpower with gender disparities worsening the way they are The latest bulletins from the Centre for Monitoring Indian Economy (CMIE) present a dismal picture. The calamitous fall in employment in April 2020 was followed by a partial recovery in May and June, but the recovery tapered off by September. October and November saw declines again. This slowdown in economic activity can be seen in...
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India’s external sector during the pandemic -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org The complete absence of any meaningful fiscal response from the Indian government in the face of one of the biggest economic crises ever faced, cries out for explanation. One argument has been that the central government is concerned about its external vulnerability: a large increase in public spending could generate higher imports, thereby worsening the trade deficit at a time when volatile capital flows have already made the balance of...
More »Unprecedented rise in China’s ‘market-subverting’ impact on global economy going forward: Niti Aayog -Roshan Kishore
-Hindustan Times The note, which has been reviewed by HT, paints a grim picture of the global economy going forward, does not rule out something like the Great Depression of the 1930s, and sees a rise in poverty, unemployment and debt. The Covid-19 pandemic will transform the global economic order for worse, with a “market subverting” China emerging as the alternative pole to the US, says a background note of the Niti...
More »Can live life on own terms: Allahabad High Court reunites inter-faith couple
-The Indian Express The court was hearing a habeas corpus petition filed by Shikha, who was handed over by the Etah CJM to Child Welfare Committee (CWC) on December 7. Lucknow: The Allahabad High Court has observed that a 21-year-old Hindu woman, who is married to a Muslim man, “has a choice to live her life on her own terms”. She has now reunited with her husband. In an order passed on December...
More »The anatomy of a stock market bubble staring India in the face -Vivek Kaul
-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels....
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