-Scroll.in/ India Spend The country needs a nationwide campaign to protect its children from the economic and social consequences of lockdowns and loss of caregivers, say experts. A six-month-old who was touched inappropriately by her father while they were stuck at home during the Covid-19 lockdown. A 14-year-old who might not be able to go back to school as his father, the family’s only earning member, has died from the disease. Five...
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Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Govt’s data apathy harming pandemic response: Experts -Tanay Sukumar and Pramit Bhattacharya
-Livemint.com Policymakers are flying blind when it comes to designing an effective response to the pandemic As the second wave of covid-19 ebbs in India and policy focus shifts to the economic damage caused by lockdowns for the second consecutive year, economists are finding it hard to assess the extent and spread of the damage. The absence of benchmark survey data in the pre-pandemic period, the abrupt halt to most survey work during...
More »Negative perception on economy and employment rises to an eight-year high
-The Hindu More than 80% of respondents say the country's economic and employment situation worsened in May 2021 Job losses in urban areas as a consequence of COVID-19-related lockdowns have crushed the confidence levels of city dwellers. Their negative perception of the economy and employment situation has reached the highest level recorded in at least eight years. The negative perception remained high with regard to the overall price situation and incomes too....
More »‘Record’ FDI inflows, yes, cause for celebration, no -Biswajit Dhar and KS Chalapati Rao
-The Hindu The inflows during 2020-21 have not been in sync with the Government’s priorities for economic recovery In an otherwise gloomy economic scenario, one area of cheer for the Government has been the numbers on inflows of foreign direct investment (FDI). In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and...
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