-The Hindu Pune, Mumbai, Bengaluru Urban among 10 districts with highest case load The surge in the number of COVID-19 cases has gone “from bad to worse”, said member (health) of the NITI Aayog V.K. Paul on Tuesday as India registered 56,211 new cases in the last 24 hours. Dr Paul said 10 districts across India including Pune (59,475), Mumbai (46,248), Nagpur ( 45,322), Thane (35,264), Nashik (26,553), Aurangabad (21,282) and Bengaluru Urban...
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Jobless growth: the pandemic has revealed India’s crisis of unemployment -Himanshu
-The Indian Express The current model of economic growth prioritises capital over labour and is unlikely to resolve the unemployment crisis. COVID-19 infections are once again on the rise with daily infections crossing 60,000 per day last week. This is considerably higher compared to the reported infections during the same period last year when the numbers were less than 500 per day. What is obvious is that the pandemic is far from...
More »China may have become more prosperous in comparison to India in 2020, estimates new study
During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
More »Tax exemptions and incentives for the corporate sector continue despite reduction in corporate tax rates
Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...
More »What India’s farm crisis really needs -Christophe Jaffrelot and Hemal Thakker
-The Indian Express To solve India’s deep agrarian crisis, more public investment and government support are needed, not the new farm laws The farmers’ movement invites us to revisit the trajectory of India’s agriculture so as to understand its real problems. Beginning in the mid-1960s, India and, especially, Punjab experienced a massive productivity boom as a result of widespread adoption of Green Revolution technologies. This transition was driven by public investment in...
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