-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...
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Pandemic and a free press -Joel Simon
-The Hindu India must return to its democratic values to tackle the COVID-19 outbreak effectively India is justly proud of its position as the world’s largest democracy. It is less proud of the fact that it has become a hotbed for the spread of COVID-19, with an estimated 90,000 daily infections, and over 5 million cases overall, second only to the United States. Can India find a way to combat the virus...
More »China loan horse without a mouth -Imran Ahmed Siddiqui
-The Telegraph Modi govt formally confirms that India took two loans totalling Rs 9,202 crore from a Beijing-based multilateral development bank in the thick of the border standoff June 15: Chinese troops kill 20 Indian soldiers in the Galwan Valley. June 19: India signs a loan agreement with the Asian Infrastructure Investment Bank (AIIB) for $750 million (Rs 5,521 crore) to support measures undertaken under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). China...
More »An economic disaster foretold -Amit Bhaduri and Deepankar Basu
-The Hindu The reported contraction of the economy is likely an underestimate for reasons of omission and commission According to data released by the Ministry of Statistics and Programme Implementation of the Government of India on August 31, 2020, real quarterly GDP contracted by a whopping 23.9% between April-June 2019 and April-June 2020. This magnitude of real GDP decline is unprecedented since the country started publishing quarterly GDP estimates in 1996. This...
More »No data of dead healthcare staff: Harsh Vardhan
-The Tribune After failing to come up with data on the number of migrants killed while making their way back to villages, the Government said it did not have the complete data on the number of healthcare staff, including doctors, nurses, support staff and ASHA workers, who have been affected by and died of Covid. However, the Government said kin of 155 healthcare staff, including 64 doctors, had sought relief under...
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