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Indian economy contracts by 7.5% in Q2

-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the SECond quarter of 2020-21, following the record 23.9% decline recorded in the first quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when lockdown restrictions were eased is better than most rating...

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Refining trade union strategies to strike a chord -KR Shyam Sundar

-The Hindu With labour law reforms set to change industrial relations, trade union responses must include social dialogue too Ten central trade unions (CTUs) have called for a nation-wide strike on November 26, 2020 to condemn what they consider to be the anti-people, and anti-labour economic policies of the government. This follows strikes in the coal and defence SECtors protesting privatisation and the corporatisation policies of the government. It is essential to...

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Why climate change studies on rice production are important in Wayanad -Aleena Thomas

-Down to Earth Area under rice cultivation has been declining rapidly in north Kerala district between 2004-05 and 2018-19 Wayanad in Kerala is known for its traditional rice varieties apart from the district’s unique climate and culture. Even a few decades ago, the farming community cultivated almost 75 traditional rice varieties of rice. Over the years, however, it has narrowed down to 20. Adukkan, Veliyan, Chenellu, Chomala, Chenthadi, Thondi, Gandhakasala, Jeerakasala, Mullankaima and...

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Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath

-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking SECtor. Raghuram...

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Hunger, nutrition are worse than before lockdown. PDS must be universalised -Dipa Sinha and Rajendran Narayanan

-The Indian Express All indications show that an economic revival will take some time — support is required during this period to at least prevent starvation. The effects of the lockdown and the resultant economic crisis continue to disproportionately impact the poor and informal SECtor workers. Since the lockdown, the Government of India (GoI) has announced relief packages under the Pradhan Mantri Gareeb Kalyan Yojana (PMGKY) and Atmanirbhar Bharat. However, numerous studies...

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