-The Indian Express What needs to be ensured is that the recovery is not hamstrung by damaged household and SME balance sheets because of the extended loss of wages and incomes. This requires extensive income support now. Sometimes we miss the forest for the trees, and at other times the trees themselves become the story. That seems to be the case with India’s 3Q20 GDP print. Some have exulted over headline growth printing...
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Tax policy in trying times -TCA Ramanujam and TCA Sangeetha
-The Hindu The events of the pandemic show how it is the need of the hour to modernise India’s archaic tax laws The word ‘lockdown’, which is Collins Dictionary’s word of the year, sums up the pain that the world underwent in 2020. As a result of the pandemic-induced lockdown, India’s GDP contracted consecutively for two quarters from April to September 2020. Some have gained from the pandemic. India’s super rich only became...
More »Farmers’ concern: Will lose land to corporates because of the new laws -Sukrita Baruah , Raakhi Jagga , Amil Bhatnagar and Harish Damodaran
-The Indian Express With farmers rejecting the government’s offer and deciding to continue their protest against the farm laws, The Sunday Express meets some of the farmers camping at Delhi’s borders, and visits their families and farms back home, to find a shared concern — a sense of despair over falling crop prices. Kurukshetra, Ludhiana, Moga, New Delhi, Patiala: Many countries experiencing rapid growth and rising prosperity, which may even be over...
More »India’s GDP to contract eight per cent, set to be worst performer in South Asia
-The New Indian Express Bangladesh will post the best growth in the region growing at 5.2 per cent on the back of revived exports, said the Asian Development Bank in its Asian Development Outlook. NEW DELHI: India’s GDP is expected to contract by 8 per cent in the current financial year and will be the worst performer in South Asia barring Maldives. Bangladesh will post the best growth in the region growing at...
More »Employment contracts by 2.4% in November: CMIE -Chitranjan Kumar
-BusinessToday.in On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October Employment in India contracted for the second consecutive month in November, raising questions on the recent optimism around recovery in job markets in the aftermath of COVID-19 pandemic. In November, the count of the employed fell by 0.9 per cent or 3.5 million, as against...
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