-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 »False phone numbers, fake names: How Bihar Covid testing data got infected -Santosh Singh
-The Indian Express The Indian Express travels across Jamui, Sheikhpura and Patna districts and tracks down nearly 600 entries shown as tested to find glaring gaps between what’s on paper — and what’s on the ground. Jamui, Patna and Sheikhpura: Over three days last month, three PRImary Health Centres (PHC) in Bihar’s Jamui district tested 588 residents for Covid — all were negative. The name, age and cell number of each person...
More »India’s farm crisis is of the middle peasant, not the chhota kisan -Harish Damodaran
-The Indian Express It is the rural middle class — which experienced a roughly four-decade spell of prosperity from the 1970s and now has its back to the wall — that’s at the forefront of the agitation against the farm reform laws. PRIme Minister Narendra Modi has defended his government’s agricultural reform laws by invoking Chaudhary Charan Singh and pointing to the “dayaniya sthiti (sorry plight)” of marginal farmers. These below-one-hectare cultivators...
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...
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