-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
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Wealth Inequality in a Capitalist Society -Prabhat Patnaik
-Newsclick.in Two taxes – inheritance and wealth -- alone, levied only on the top 1% of the population, would be enough to fetch Rs.14.67 lakh crore. It is often believed that the ability to pass on property to one’s progeny is an essential element of capitalism, without which the capitalists’ incentives will dry up and the system will lose its dynamism. Nothing could be further from the truth; indeed the acquisition of...
More »Weather advisories drive farmers’ income up to 50% -Richard Mahapatra
-Down to Earth Every rupee spent on weather forecasting fetches 50-fold economic gains to below poverty line farming families A survey by the National Council of Applied Economic Research (NCAER) has shown that timely delivery of weather advisories to farmers had a significant impact on their income. The survey was done to gauge the economic impact of India’s investments on the National Monsoon Mission (NMM) and High Performance Computing Facilities (HPC). It...
More »Fixing the rules of the economy -Arun Maira
-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. THRee solutions Economists say markets should be freed up...
More »Gujarat: No mobile tower, drinking water, electricity supply; villagers boycott bypolls in Kaprada, Morbi -Kamaal Saiyed and Gopal Kateshiya
-The Indian Express Twenty-six villages in Pardi taluka fall under the Kaprada Assembly seat. Tarmaliya, with around 700 voters, is located in the most interior parts of the constituency. Rajkot, Surat: AROUND 40 students at Tarmaliya village in Pardi taluka of Valsad district, which falls in Kaprada Assembly constituency, boycotted the by-elections Tuesday for want of a mobile tower. In the absence of a mobile tower, the students claimed, they had to...
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