-Hindustan Times Gross domestic product (GDP) statistics are released at both current and constant prices. The latter discounts inflation (more on this later) from the base year of the current GDP series. Let’s assume it takes a tonne of steel to build half a kilometre of road. Let’s also assume steel costs ₹1,000 a tonne and there is a tax of 10% on steel. Now, if steel prices doubled in a year,...
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The politics of a Minimum Support Price -Varghese K George
-The Hindu Facilitating a bargain between wealth accumulators and welfare seekers seems to have become the key function of politics A new election season is around. Five States (Uttar Pradesh, Uttarakhand, Manipur, Goa and Punjab) will elect new Assemblies and Chief Ministers in the coming weeks. Parties are wooing voters with dazzling new promises. The Aam Aadmi Party leader, Arvind Kejriwal, is offering ₹1,000 a month to all adult women (above age...
More »NSO estimates FY22 GDP growth at 9.2%
-The Hindu COVID-19 could impact final numbers, says the National Statistical Office. India’s gross domestic product (GDP) is expected to grow by 9.2% in the current financial year following last fiscal’s 7.3% contraction, the National Statistical Office (NSO) said in its first advance estimates of economic output released on Friday, amid concerns over the likely impact of a third wave of the COVID pandemic. The NSO, however, made clear that these were “early...
More »Bhramar Mukherjee, professor of biostatistics at the University of Michigan, interviewed by GS Mudur (The Telegraph)
-The Telegraph The country has an advantage that many people have two vaccines plus a past infection: Expert Bhramar Mukherjee, a professor of biostatistics at the University of Michigan who has been tracking India’s Covid-19 epidemic for nearly two years, is now visiting her parents’ farmhouse in Ruppur near Santiniketan in Birbhum. “This is our escape and solace in the epidemic,” she said. In this interview, Mukherjee tells The Telegraph what she expects...
More »Third wave: As Covid-19 hospitalisations rise, even the vaccinated are not spared -Sumi Sukanya Dutta
-The New Indian Express Vaccinated persons who get the virus are more likely to have mild symptoms, if any, since the shots trigger multiple defences in the immune system, making it more difficult for Omicron. NEW DELHI: As the number of Covid-19 patients increase, trend suggests both unvaccinated and vaccinated are landing up in hospitals in equal measures. Many hospitals in the National Capital Region, which is seeing a sharp rise in...
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