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The myth of India’s import dependence -Rathin Roy

-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism.   If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit...

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Core’s contraction: On slowing economy

-The Hindu As output and demand slow, India must retain twin focus on the pandemic and economy Output in the eight core industries suffered an overall contraction for a third straight month in May, shrinking 23.4%, as the pandemic-induced lockdown kept large parts of the economy shuttered, the Commerce Ministry’s provisional figures show. Of the eight, all but one posted declines in production compared with a year earlier, with six sectors witnessing...

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Half of 30 lakh workers who returned to UP are unskilled, MNREGA the main avenue for jobs so far -Maulshree Seth

-The Indian Express The state's massive exercise to prepare a database of returning migrant workers nears completion, provides detailed profile of workforce as government seeks to connect them with potential employers. As the Uttar Pradesh government nears the end of its massive exercise to profile the skills of over 30 lakh migrant workers who have returned following the outbreak of the coronavirus epidemic, analysis of the data has revealed the extent both...

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Bayer’s $10.9-billion settlement may see demand for glyphosate ban gaining traction here -Vishwanath Kulkarni

-The Hindu Business Line While a cross section of the industry says the chemical has reported no toxic effect so far, planters say they’ve no other option Bengaluru: At a time when the Indian farmers are increasingly relying on weedicides to protect their crop yields and keep costs under control, Bayer’s $10.9-billion settlement with the Roundup plaintiffs in the United States could possibly see the demand for ban on glyphosate gain momentum...

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It’s raining jobs in rural India as farm economy opens up -Prashant K. Nanda

-Livemint.com * Increased government spending on the rural jobs programme has also aided returnee migrants * The urban job loss rate fell nearly 2 percentage points to 11.19% in the week ended 21 June over the previous week The timely arrival of the monsoon has given a much-needed boost to rural employment, absorbing thousands of migrant workers who have returned to their rural homes in seasonal farm jobs. The rural unemployment rate continued to...

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