Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Compared to other South Asian countries, India fares poorly in terms of food and nutrition security, indicates SOFI 2020 report
In his Mann ki Baat speech delivered on 30th August, 2020, Prime Minister Shri Narendra Modi said that the month of September 2020 will be observed as Nutrition Month (POSHAN Maah) in the entire nation. In his address to the nation on that day, he highlighted that for children to be well-nourished, the mother should receive proper and adequate nutrition. In this context, it is important to discuss the 11 different...
More »India should opt for income support so that pandemic does not turn into a financial crisis -Jahangir Aziz
-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged Balance Sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...
More »Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight -TN Ninan
-ThePrint.in K-shaped recovery means the growing gap between ‘winners and losers’. An example in India is the stock market being healthy while millions have lost their jobs. Amidst the flood of commentary that followed the finding that the world’s fastest-growing large economy had become its fastest-shrinking one, an observation that stood out was that India’s growth potential had dropped from 6 per cent to 5 per cent. Now, it has been obvious...
More »Will India's MSME Package do Enough to Blunt the Adverse Effects of the Lockdown? -Satya Mohanty
-TheWire.in India’s economic package for MSMEs is far reaching and reformatory. But does the rubber meet the road, as they say? Politics does not oblige its players to adhere to the truth. But two things are a big no-no and better avoided. The first is trying to meet multiple objectives with one instrument or decision and the second is Tom Sawyer-ing. Mark Twain’s character had a knack of getting other people to see...
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