-The Hindu Government has begun assessment of damage and will pay compensation: Minister Floods caused by incessant rains in parts of Gujarat have nearly ruined crops in more than eight lakh hectares leaving farmers, who expected bumper yield with the onset of monsoon, devastated. Farmers particularly in the Saurashtra region have been hugely hit as floods have destroyed their groundnut and cotton crops, the mainstay of agriculture. Pulses and sesame have also been...
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India must aim for wider consumer base, direct public spending accordingly -Suvodeep Rakshit and Avijit Puri
-The Indian Express To achieve economic growth of 7-8 per cent, the government needs to start addressing some of the traditional sore points such as the large infrastructure deficit, the weak financial sector, archaic land and labour laws, and the administrative and judicial hurdles. India entered the pandemic with declining growth and limited scope for a conventional and large fiscal stimulus. We had noted in an article (IE, January 20, ‘Limited scope...
More »Facebook should be treated as co-accused in riots: govt. panel
-The Hindu Assembly Committee accuses the company of major lapses, to summon officials The Delhi Assembly’s committee on peace and harmony on Monday said that prima facie it seemed that Facebook had a role in the Delhi riots that broke out in February. The panel added that Facebook India officials will be issued notices to appear at its next meeting. “Facebook should be treated as a co-accused in the Delhi riots. There should...
More »India’s GDP growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the first quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
More »A Kerala rice variety could be answer to troubles of cyclone-hit Bengal fields -Vishnu Varma
-The Indian Express The Super Cyclone Amphan had left a trail of destruction in South 24 Parganas district where it broke embankments causing saline water to seep into agricultural fields making irreversible changes to the soil texture. Enter the endemic Pokkali rice from Kerala famed for its remarkable resistance to saltwater. Kochi: An interesting experiment is underway in the rice fields near Sunderbans of West Bengal to find out if a certain...
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