-The Indian Express Covid effect: 28.32% jump over last year, UP tops with 173% rise in new cards IN a clear sign that MGNREGA has emerged as a safety net for lakhs amid the economic distress triggered by Covid-19, over 83 lakh new households have been issued job cards under the scheme during the FIRst five months of the current financial year. Signficantly, this number — from April 1 to September 3—...
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India must aim for wider consumer base, direct public spending accordingly -Suvodeep Rakshit and Avijit Puri
-The Indian Express To achieve economic growth of 7-8 per cent, the government needs to start addressing some of the traditional sore points such as the large infrastructure deficit, the weak financial sector, archaic land and labour laws, and the administrative and judicial hurdles. India entered the pandemic with declining growth and limited scope for a conventional and large fiscal stimulus. We had noted in an article (IE, January 20, ‘Limited scope...
More »Economy: steepest GDP decline on record -R Suryamurthy
-The Telegraph The last time that India faced a full-year contraction in its real GDP was in 1980 The Indian economy shrank by 23.9 per cent in the FIRst quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected. It marks the steepest decline since the National Statistical Office (NSO) started quarterly measurement of gross domestic product (GDP) in 1996. The slide in real GDP...
More »UP Doctor's Detention Under Tough Law NSA "Illegal", Free Him: High Court -Shylaja Varma
-NDTV Dr Kafeel Khan was charged under National Security Act for his speech against the CAA at a talk at the Aligarh Muslim University late last year. Lucknow: Kafeel Khan, the Uttar Pradesh doctor jailed under the tough National Security Act (NSA) for a speech against the Citizenship (Amendment) Act or CAA, must be freed immediately, a court said today, calling his detention illegal. The doctor's speech did not show any effort...
More »India’s GDP growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the FIRst quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
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