-The Telegraph Modi govt formally confirms that India took two loans totalling Rs 9,202 crore from a Beijing-based multilateral development bank in the thick of the border standoff June 15: Chinese troops kill 20 Indian soldiers in the Galwan Valley. June 19: India signs a loan agreement with the Asian Infrastructure Investment Bank (AIIB) for $750 million (Rs 5,521 crore) to support measures undertaken under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). China...
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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 »Although govt. avoids providing data on the impact of COVID-19 lockdown, timely intervention by a civil society group working among migrants fills the info gap
-Press Release by Stranded Workers Action Network (SWAN), dated 15th September, 2020 In a recent press release, the Stranded Workers Action Network (SWAN) has revealed that around 971 persons have died during the course of the various lockdowns, as of 4th July 2020. It has also provided the key findings of some recent studies that saw the impact of lockdown and Covid-19 on livelihood SECurity and food SECurity. To a question...
More »Impact of Covid-19 Pandemic on the Indian Economy: A Critical Assessment by R Ramakumar and Tejal Kanitkar
-National Institute of Advanced Studies (NIAS), Bengaluru, Working Paper: NIAS/NSE/EEP/U/WP/18/2020 The paper entitled Impact of Covid-19 Pandemic on the Indian Economy: A Critical Assessment by R Ramakumar and Tejal Kanitkar provides an analysis of the economic impact of the Covid-19 pandemic in India. First, using SECondary data published by various sources, the paper attempts to document the trajectory of the infections and the lockdown in India. SECondly, the paper explains the...
More »How to reduce food, job inSECurity in rural areas -Binoy Acharya, Ved Arya, Pratyaya Jagnannath, and PS Vijayshankar
-Hindustan Times Launch a massive programme to rehabilitate returnee migrants; allocate an additional Rs 50,000 crore for MGNREGS; extend the free ration scheme for six more months; revive and strengthen public systems of service deliver; RBI should give a directive to banks to extend a top-up loan of Rs 10,000 crore to Self-help Groups After the Covid-19 outbreak, 66% of rural households fell short of cash for food. About 40% reduced their...
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