-The Hindu The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation. Enumerating the facts in India’s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on...

-The Hindu Company releases fact sheet detailing possible adverse events and those who are eligible for the vaccine Those with any history of allergies, fever and bleeding disorder, on blood thinners and who are immunity compromised or on medication have been told by COVAXIN manufacturer Bharat Biotech not to take the vaccine. A statement uploaded on the company website on Monday said the vaccine was also contraindicated for pregnant/lactating women, those using other...

-The Hindu Agency failed to gauge the magnitude of the excess rainfall in 2019, 2020 The India Meteorological Department (IMD) may introduce new monsoon models this year to better forecast changes in rainfall. At a day-long meet, via videoconference, involving several senior meteorologists across the IMD’s offices and those from affiliated climate research institutes, discussions took place on the accuracy of the existing models, emerging weather models and their strengths and weaknesses in...

-The Hindu Without regulation, the situation could spiral out of control Recently, a professor at a business school allegedly misused his faculty position to provide fake certificates to students whom he had compelled to attend an online course that he taught. He essentially took advantage of India’s rising pre-pandemic gig economy in education. When authorities at the institution discovered the racket, they suspended him. This is a cautionary tale for the global...

-Hindustan Times The average annual per capita income of households interviewed in the LASI survey conducted in 2017-18 is ₹44,901. This is just about 39% of the per capita income in the same year according to the National Account Statistics India’s per capita annual income in 2019-20 was ₹1,26,968, according to provisional estimates published on January 7. This average, given India’s large income inequality, is not representative of the earnings of average...