-NDTV blog If you had invested all your savings in the stock market at the end of March last year, by now, you would have almost doubled your money. But in the same period, India's GDP in today's prices would have slid by at least 9-10 percent. Anyone who looks at this divergence will say that the markets have completely 'decoupled' from the economy. Conventional wisdom tells us that this is a...
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Number Theory: The data India needs to diagnose the economy -Roshan Kishore
-Hindustan Times Most forecasters, institutional and private, have revised their GDP estimates for both 2020-21 and 2021-22. India imposed one of the world’s most stringent lockdowns -- it went on for 68 days -- starting on March 25 to curb the spread of Covid-19 infections. It was this lockdown which triggered a record contraction of 24% in India’s gross domestic product (GDP) in the first quarter of fiscal 2020-21. The economic shock...
More »Education Ministry’s notification on virtual seminars unenforceable, say academics -Kallol Bhattacherjee and Priscilla Jebaraj
-The Hindu Permission required from MEA to hold them, and also for issues ‘related to India’s internal matters’ A new notification by the Ministry of Education that requires public funded institutions to seek permission from the Ministry of External Affairs (MEA) before organising virtual academic seminars is “unenforceable”, leading academics have said. An official of the Ministry of Education defended the order as a “simplified permission system” but there is little clarity...
More »2.2 % of cases registered under the UAPA from 2016-2019 ended in court conviction
-The Hindu Home Ministry presents data in the Rajya Sabha. Only 2.2 % of cases registered under the Unlawful Activities (Prevention) Act between the years 2016-2019 ended in convictions by court, according to data presented by the Union Home Ministry in the Rajya Sabha. Union Minister of State for Home G. Kishan Reddy informed the Upper House that as per the 2019 Crime in India Report compiled by the National Crime Records Bureau...
More »An ecologically illiterate Budget -Ashish Kothari
-The Hindu On several significant items relating to the environment, allocations have remained stagnant or fallen In 1991, when the then Finance Minister Manmohan Singh ushered in economic reforms that catapulted India into the global economy, I had asked him how he intended to balance rapid economic growth with environmental protection. He said that the experience of the West is that once there is enough money in the economy through growth, it...
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