-Newsclick.in Reforms in labour laws will not create jobs, if at all, the conditions of employment will be a “disaster”, they say. The labour codes approved by Parliament are the wrong solution for the wrong problem, experts and academicians argue, even as the Centre continues to harp on about bolstering investments and creating jobs through relaxing regulatory laws, now, more desperately in the wake of the pandemic-triggered disruptions. The wrong problem: labour laws...
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An economic disaster foretold -Amit Bhaduri and Deepankar Basu
-The Hindu The reported contraction of the economy is likely an underestimate for reasons of omission and commission According to data released by the Ministry of Statistics and Programme Implementation of the Government of India on August 31, 2020, real quarterly GDP contracted by a whopping 23.9% between April-June 2019 and April-June 2020. This magnitude of real GDP decline is unprecedented since the country started publishing quarterly GDP estimates in 1996. This...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »Six years of Modi govt’s rule has led Indian economy to near collapse -Prabhat Patnaik
-National Herald If the disaster that economy is heading towards is to be avoided, there has to be a massive injection of demand by govt both through transfers and through direct spending on goods and services The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even...
More »Lakhs of people affected by floods in Odisha, Madhya Pradesha and Gujarat -Satyasundar Barik
-The Hindu 17 dead in Odisha; 454 villages cut off in Madhya Pradesh BHUBANESWAR: Over 14 lakh people were affected due to floods in five river systems of Odisha, said the State government here on Sunday. Seventeen people have lost their lives due to wall collapse and by slipping into swollen rivers. “Heavy rain triggered by back-to-back low pressure area over Bay of Bengal had caused flooding in 20 districts. The situation is...
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