-PTI/ The Indian Express Speaking at a virtual event, Nobel Laureate Abhijit Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit. Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government’s economic stimulus was inadequate to tackle the problem. He, however, said that the country will see a revival in growth in the July-September quarter of...
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From RBI & govt banks to LIC, Rs 205 crore to PM Cares from salaries -Shyamlal Yadav
-The Indian Express The Prime Minister’s Office, which manages the fund, has declined to furnish details of contributions received, saying that PM CARES is “not a public authority under the...RTI Act”. IT’S NOT just a wide range of central educational institutions, at least seven public sector banks, seven other leading financial institutions and insurers, and the RBI, have together contributed Rs 204.75 crore from their staff salaries to the Prime Minister’s Citizen...
More »In spate, Mahananda washes away what pandemic had spared for many north Bihar families -Wali Ahmad
-The Indian Express Mirchantola is one the 25 villages in Amour Vidhan Sabha constituency in north Bihar that has been braving floods and massive land erosion over the past few years. This year, in Mirchantola alone, 100 families have been uprooted. Kishanganj: It’s a race against time for 25-year-old Jahane Alam to save his mud house from the ravaging Mahananda river that has already swept away several dwellings of Mirchantola village. Alam’s...
More »Growth compulsions, fiscal arithmetic -C Rangarajan and DK Srivastava
-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
More »Farm bill protest: Five detained for setting tractor on fire at India Gate
-The Hindu The incident occured at around 7.15 a.m. on Monday. A tractor was set on fire at Delhi’s India Gate by a group of men protesting against the farm Bills on Monday morning. Eish Singhal, DCP (New Delhi), said that around 15 to 20 persons gathered at Rajpath near India Gate at around 7.15 a.m. and tried to set a tractor on fire. The fire has been doused and the tractor removed....
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