-The Indian Express What needs to be ensured is that the recovery is not hamstrung by damaged household and SME balance sheets because of the extended loss of wages and incomes. This requires extensive income support now. Sometimes we miss the forest for the trees, and at other times the trees themselves become the story. That seems to be the case with India’s 3Q20 GDP print. Some have exulted over headline growth printing...
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CAIT to PM Modi: E-commerce firms monopolising market by violating FDI policy; poor action hurting MSMEs -Sandeep Soni
-Financial Express Big e-commerce companies having deep pockets are leaving no stone unturned in monopolizing the e-commerce business and retail trade of India with their malpractices and violating FDI policy, traders’ body Confederation of All India Traders (CAIT) said in a letter to Prime Minister Narendra Modi on Sunday. CAIT, which has been campaigning against Amazon and Flipkart for years now alleging unethical business practices by them, said that the absence...
More »Bombay High Court: Tablighi participants were made scapegoats
-PTI/ The Telegraph The bench noted that while Maharashtra police had acted mechanically in the case, the state government had taken steps under ‘political compulsion’ Bombay High Court has said the government made scapegoats of the foreign nationals who attended the Tablighi Jamaat in Delhi in March by accusing them of spreading Covid-19, and that there was a “SMEll of malice” in the action taken against them. “A political government tries to find...
More »India Inc's big bet on Bharat saving the day -Sayantan Bera
-Livemint.com * Rural spending is the only ray of hope for a ravaged economy. But will consumers rise to the occasion? * The income loss due to 30 million migrant workers returning home is a significant hit to household finances. Moreover, covid-19 has deeply affected an already bruised consumer psyche The locked rooms lining the courtyard of Dilip Patidar’s sprawling ancestral home once SMElled like a spice box. That was some years ago...
More »Can MGNREGA Be Reshaped and Reoriented to Help India's Farmers? -Siraj Hussain and Jugal Mohapatra
-TheWire.in As a fresh spotlight hits India's rural employment programme, two suggestions have been offered to “repurpose” MGNREGA to utilise the additional labour force that have returned to their villages. Due to the sudden lockdown and resultant job losses, over one crore people have returned to their homes, some walking hundreds of kilometres, others using all conceivable means of transport – buses, trucks, trailers, concrete mixers, Shramik trains, motorcycles, scooters, bicycles, auto...
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