-Newsclick.in The Rs 3 lakh crore credit guarantee scheme for micro, small and medium enterprises is unclear, contradictory and practically difficult to implement. The scheme may create more problems than it solves. On May 12, in his televised address to the nation, Prime Minister Narendra Modi announced the Atma Nirbhar Bharat Abhiyan or the “campaign to make India self-reliant,” comprising what was claimed to be a Rs 20 lakh crore package to...
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12-year low -- and Before Covid
-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
More »Santosh K Mehrotra, Professor of Economics at the Centre for Informal Sector & Labour Studies at Jawaharlal Nehru University, interviewed by Sobhana K Nair (The Hindu)
-The Hindu India risks losing benefits of the demographic dividend by not creating enough jobs for new entrants, warns Professor Mehrotra. Santosh K Mehrotra, Professor of Economics at the Centre for Informal Sector & Labour Studies at Jawaharlal Nehru University and author of the recently launched book Reviving Jobs: An Agenda For Growth said the current reverse migration has set the country back by 15 years, and stressed that the Economic Stimulus...
More »COVID-19 in South Asia: India Lags Behind Pak on Stimulus, Lanka on Overall Performance -Deepankar Basu and Priyanka Srivastava
-TheWire.in In each of the four large South Asian nations, the response of the state to the pandemic has been shaped by long standing and underlying political faultlines. In parts one and two of this article, we have discussed the spread of the COVID-19 pandemic, preparedness (in terms of health infrastructure), and the government’s public health responses to the pandemic in four South Asian countries. In this concluding part, we discuss two...
More »Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John
-BusinessToday.in Finance Minister Nirmala Sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...
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