-TheCitizen.in Fish lovers in West Bengal may soon be threatened with a scarcity in the supply of fish or rise in price or both. The fishermen and the trawler owners are very angry. Without giving a thought to the consequences of a continuous arbitrary rise in the price of diesel, petrol, kerosene and cooking gas by the central government has led to severe disbalance in the finance and employment sector in the...
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Number Theory: The data India needs to diagnose the economy -Roshan Kishore
-Hindustan Times Most forecasters, institutional and private, have revised their GDP estimates for both 2020-21 and 2021-22. India imposed one of the world’s most stringent lockdowns -- it went on for 68 days -- starting on March 25 to curb the spread of Covid-19 infections. It was this lockdown which triggered a record contraction of 24% in India’s gross domestic product (GDP) in the first quarter of fiscal 2020-21. The economic shock...
More »A Market gone awry -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line/ NetworkIdeas.org It defies all logic. As expected, once the implications of the Covid-19 contagion began to be absorbed, the BSE Sensex lost 37 per cent in value, falling from a level just above 41,000 on February 19, 2020, to just below 26,000 on 23 March 2000 (Chart 1). That was the day when the nationwide lockdown was declared and three days before the first of the government’s...
More »Govt. abdicated responsibility in ensuring social security, says Right to Food Campaign -Jagriti Chandra
-The Hindu Major welfare schemes have faced cuts and deductions, it says. Instead of taking bold steps to counter rising hunger following the national lockdown last year, the Union Budget has responded by introducing “cuts and deductions” and “abdicating its responsibility in ensuring social security,” the Right to Food Campaign said on Wednesday. According to an analysis, the allocations for important food and nutrition programmes such as the POSHAN (or ICDS scheme) and...
More »A Budget that fails to address the hunger pandemic -Dipa Sinha
-The Hindu In a year of economic slowdown and growing inequality, we have been presented with a stingy Budget that fails to ensure the bare necessities for all While the country continues to grapple with the health and economic crisis as a result of COVID-19, widespread hunger and food insecurity is a silent emergency that has not been getting sufficient attention. Unfortunately, the Union Budget also does not include any significant measures...
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