-The Hindu Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery In recent times, right-leaning economists have been arguing that the Government does not need to do anything with the economy and that it will revive by itself. They call those who disagree with them, doomsday merchants. These economists reason that, like after the Great Depression, the economy rebounded worldwide, and so will...
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Much of India’s population expected to be vaccinated by 2022-23, says ADB -Vikas Dhoot
-The Hindu The Indian government has assured COVID-19 vaccines will be provided for all by December 2021. The Asian Development Bank (ADB) has downgraded its India growth forecast for this year to 10% on Tuesday, from 11% projected in April, citing the second wave restrictions across States and expects most of India’s population to be vaccinated by 2022-23. The Indian government has assured COVID-19 vaccines will be provided for all by December 2021,...
More »Inflation remains above 6% for second month
-The Hindu Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...
More »Six-fold increase in people suffering famine-like conditions since pandemic began
-Press release by Oxfam dated 9th July, 2021 11 people are likely dying every minute from hunger, now outpacing COVID-19 fatalities, warns Oxfam A new Oxfam report today says that as many as 11 people are likely dying of hunger and malnutrition each minute. This is more than the current global death rate of COVID-19, which is around seven people per minute. The report, ‘The Hunger Virus Multiplies’ says that conflict remains the...
More »Potato imports from Bhutan allowed again -Vikas Dhoot
-The Hindu Retail inflation in potatoes surged from 6.8% in April this year to 11.1% in May, SBI had noted With retail potato prices rising sharply over April and May, the government has decided to permit the import of Potatoes from Bhutan without any license up to June 30, 2022, as per a notification issued late on Monday by the Commerce and Industry Ministry. Last October, as potato prices crossed ₹40 per kilogram...
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