Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Centre rolls out ₹1.19 lakh-crore stimulus package
-The Hindu Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment. Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a...
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...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
More »Raju Shetti questions focus on Sushant case amid dairy crisis -Shoumojit Banerjee
-The Hindu SSS chief urges Maha Vikas Aghadi govt. to announce ₹250 crore Relief Package Pune: Swabhimani Shetkari Sanghatana (SSS) chief Raju Shetti on Friday criticised the ruling and Opposition parties in Maharashtra and the media for their disproportionate focus on the Sushant Singh Rajput case while dairy farmers in the State are going through a financial crisis. Mr. Shetti urged the Maha Vikas Aghadi government to announce a ₹250 crore package and...
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