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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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COVID-19 Lockdown: Unbearable Half Measures of Modi Government -Subodh Varma

-Newsclick.in An insufficient economic package for welfare of the poor has been announced almost two months after WHO declared it a public emergency. Prime Minister Modi suddenly announced a 21-day lockdown on March 24 across India as a rather belated and overwrought response to the looming coronavirus disease (COVID-19) that has now spread around the world in 175 countries, striking at over 4.75 lakh persons (confirmed) and killing over 21,000. Two days later,...

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‘What will we eat?’ labourers and people from unorganised sectors stare at uncertain future -Deep Mukherjee

-The Indian Express As a result of the lockdown, thousands, including daily wage labourers, street vendors and those in the unorganised sector, are staring at a massive crisis, with many without the means to even buy food. Jaipur: It’s been an unusual Monday afternoon for Dharmanath Sapera, who, instead of his usual routine of collecting scrap or working at construction sites, is spending the day worrying about arranging the next day’s meal...

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Govt Spent Most 'Beti Bachao, Beti Padhao' Funds on Advertisements

-TheWire.in Government Spending on advertisements has used up between 65% and 91% of the scheme's funds since 2016. New Delhi: The Ministry of Women and Child Development (MWCD) on Thursday admitted that a majority of funds allocated to the much-touted Beti Bachao, Beti Padhao (BBBP) scheme was spent on advertisements instead of any concrete work.   Ever since the scheme was launched in 2015, prime minister Narendra Modi has sought to highlight his...

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Tractor sales on upswing

-The Hindu Two-wheelers continue to slide as virus adds to woes In a sign of reviving rural demand, tractor players M&M and Escorts posted a double-digit growth in sales in February 2020. M&M’s farm equipment sector (FES) said its domestic sales in February 2020 stood at 21,877 units, up 21% from the year-ago month. Exports, though, dropped 22% to 683 units, taking total tractor sales during the month to 22,561 units. This is a...

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