Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Protect our Republic, my lords -Sriram Panchu
-The Hindu The judiciary’s quick intervention in the Arnab Goswami case turns the spotlight on other serious cases that languish The facts are brief. Mr. Arnab Goswami of Republic TV, a media group perceived to be supportive of the ruling party, was arrested by the Mumbai Police on November 4, 2020 on a charge of abetting the suicide of Anvay Naik. The suicide note mentioned that the channel had not paid bills...
More »Recession: July-Sept GDP to contract 8.6%, estimates RBI
-The Indian Express The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Mumbai: The Indian economy likely entered into a technical recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India. After an unprecedented decline of 23.9 per cent in GDP...
More »70% of households paid 25-100% more for tomato, potato and onion this year: Survey -Prashasti Awasthi
-The Hindu Business Line More than 16,000 responses from citizens across 242 districts were received Mumbai: Community social media platform LocalCircles conducted a survey to understand how much extra people were paying to purchase a kilogram of onions, potatoes and tomatoes. This comes as consumers show discernment over the rising price of these vegetables for the last two months. The survey also intended to understand the average amount a household paid this year...
More »New urban poor in Mumbai -- No demand, self-employed hardest hit: Socha na tha ki haath phailana padega -Mayura Janwalkar and Sadaf Modak
-The Indian Express Baudh’s is a story playing out across the city as the Covid lockdown winds down but small businesses don’t know where the keys to demand are. Mumbai: Their ghar is gone because the rent cannot be paid so the Baudh family has moved to their karkhana whose owner has given them some time to pay. Seated on its floor in a chawl near Juhu Gally, Anant (8), Arpit (6) and...
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