-The Hindu India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured The impact of COVID-19 will be debilitating for the global as well as the Indian economies. Various institutions have assessed India’s growth prospects for 2020-21 ranging from 0.8% (Fitch) to 4.0% (Asian Development Bank). This wide range indicates the extent of uncertainty and tentative nature of these forecasts. The International Monetary Fund...

-Scroll.in The migrant exodus will undoubtedly hurt the economy. But that is no excuse for forced labour. The Indian government’s policies towards its vulnerable migrant worker population were already a mess. This week, Karnataka made it worse. The Bharatiya Janata Party-ruled state decided to cancel trains that would allow working-class people from other states to return to their homes five weeks after a national lockdown to combat Covid-19 left them stranded, often without...

-The Hindu The economic crisis can be overcome only by raising the consumption of and investment for the poor Impoverishment among English workers during the early years of the Industrial Revolution had prompted Leicester framework knitters to frame this resolution in 1817: “… if liberal Wages were given to the Mechanics in general throughout the Country, the Home Consumption of our Manufactures would be immediately more than doubled, and consequently every hand...

-Newsclick.in The draft notification pushed during the lockdown, in more ways than one, tries to minimise public participation in determining impacts of any particular industrial project on livelihoods and environment. New Delhi: In what could spell catastrophe for the lives and livelihoods of millions of citizens across the country, the Central government has sought to introduce new rules whereby environmental clearances can be granted to industrial projects on a post facto basis....

-The Hindu Sharper contraction likely in Index of Industrial Production. Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), reflected a contraction in key parts of the economy in March, according...