-The Hindu Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate...
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Trade unions, industries paint a grim picture of employment scenario -AM Jigeesh
-The Hindu Business Line Trade union seeks urgent measures to alleviate pain of joblessness, drastic fall in income Trade unions and industrial associations painted a grim picture of the unemployment scenario in the country at a recent meeting of the Labour Standing Committee. The trade unions demanded urgent measures such as direct cash transfers to address job loss and wage loss, while the representatives of industries demanded a re-look at the current...
More »The Poverty of Economic Conservatism -Prabhat Patnaik
-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...
More »Modi Govt’s Policy to Reduce Oil Imports: Subsidise the Rich, Burden the Poor! -Ayaskant Das
-Newsclick.in Rice meant for the poor will be sold at subsidised rates to privately-owned ethanol distilleries. The industries will be given cheap loans and exempted from Environmental Clearances. Is the Modi government subsidising the rich at the cost of the poor by diverting foodgrains meant for the most impoverished sections of the population to private industries for producing alcohol for India’s ethanol blended petrol programme? There’s more: For manufacturing ethanol, foodgrains will not...
More »Study lists global hotspots for new coronavirus strains -Chetana Belagere
-The New Indian Express Lists Kerala and north-east states as vulnerable spots for outbreak BENGALURU: A recent study has revealed that the global ‘hotspots’ where the new deadly coronaviruses may emerge, driven by global changes in land use by humans. While China tops the list, the study mentions India’s Kerala and North-East states as vulnerable hotspots. The study ‘Land-use change and the livestock revolution increase the risk of zoonotic coronavirus transmission from...
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