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Agri share in GDP hit 20% after 17 years: Economic Survey -Shagun Kapil

-Down to Earth Agriculture was the only sector to have clocked a positive growth at constant prices in 2020-21 The share of agriculture in gross domestic product (GDP) has reached almost 20 per cent for the first time in the last 17 years, making it the sole bright spot in GDP performance during 2020-21, according to the Economic Survey 2020-2021. The resilience of the farming community in the face of adversities made agriculture...

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Revise the text of the Budget speech -Jayati Ghosh

-The Hindu The Finance Minister must move to an expansionary fiscal stance that prioritises job creation, public service provision It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year of the novel coronavirus pandemic and economic crisis, that speech will be of...

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Children from economically weaker backgrounds have fallen behind as classes shifted to the digital mode -Wilima Wadhwa

-The Indian Express Although there has been a lot of public discussion on digital modes of education for school children, online and video classes catered largely to urban or educated elite populations whose children went to private schools. In India, school closures post the spread of the pandemic started as early as March 2020. As months went by, concerns INCreased: Would learning levels drop, existing inequalities deepen? The Annual Status of Education...

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We’re not all in the same boat -Amitabh Behar

-The Hindu Fighting inequality must be at the heart of our economic rescue and recovery efforts One of the most INCisive and hard-hitting comments on the real import of the COVID-19 crisis came from none other than the United Nations Secretary General, Antonio Guterres. He said: “COVID-19 has been likened to an x-ray, revealing fractures in the fragile skeleton of the societies we have built. It is exposing fallacies and falsehoods everywhere:...

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Fix inverted tariff structures to boost industrial growth in India -C Veeramani and Anwesha Basu

-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff rates in manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff rate was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...

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