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Economic revival is slowing, key indicators show -Shreya Nandi and Gireesh Chandra Prasad

-Livemint.com Data from the corporate affairs ministry show the setting up of new firms, which indicates investment intent, fell 19.5% in November to 13,453 from the preceding month The tally of newly incorporated companies, as well as electronic permits raised for transporting goods, declined on a sequential basis in November for the first time since April. This loss of momentum in economic recovery after the initial turbulence caused by the pandemic could worry...

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The RBI’s ‘weighty’ food problem -Abhiman Das

-The Hindu Business Line The food articles’ high weight and their price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...

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Beyond just persuasion -Ameya Pratap Singh

-The Hindu The protesting farmers need sincerity and accountability from the Centre, not edification In light of protests against the new farm laws, the Centre has attempted to educate farmers — a form of instrumental reasoning based on exchange of superior information and data — to convince them of the merits of its reform agenda. Since it is presumed that complex matters of Economic Policy are beyond the intellectual capacities of agrarians,...

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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Amid protests over agri laws let's look at how some countries support farmers -Richard Mahapatra

-Down to Earth Every day, 54, mostly developed countries give nearly $2 billion in support to their farmers The sites of the farmers’ protests on the borders of Delhi are a microcosm of Indian peasantry — rich and poor, small and big, irrigated and rainfed and supported and not supported. The voices from these sites have now merged into one clarion call: Guarantee government support to farmers by legalising the minimum support...

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