-The Indian Express In a presentation made to Chief Minister Uddhav Thackeray and senior ministers in a meeting on Monday, the state finance department claimed that the unemployment rate had climbed from 3.9 per cent in July to 6.2 per cent in August. Mumbai: A spike in Maharashtra’s unemployment rate in August is threatening the revival of the Covid-hit economy, a government report has said. In a presentation made to Chief Minister Uddhav...
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From PM economic council to Niti Aayog, growing disquiet over Govt tight fist -P Vaidyanathan Iyer
-The Indian Express Advisors urged fiscal push in form of wage subsidy, rural infrastructure Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for further stimulus” and its timing. That may not be much of an assurance given the growing sense of disquiet in expert bodies including the Prime Minister’s Economic Advisory Council, the Niti Aayog and the Chief Economic Advisor’s...
More »Three Farm Bills and India’s Rural Economy -Vijay Jawandhiya and Ajay Dandekar
-TheWire.in With low levels of farmers' income and a lack of assured price mechanism, what impact will the three farm bills have in the long term on India's agrarian economy. Here's an analysis. Last week, the Union government passed three bills to replace the three ordinances that were enacted during the COVID-19 lockdown. These three bills, expected to bring revolutionary changes to agrarian context and help double farmers’ incomes are: The Farmers’...
More »What economists like Ashok Gulati still don’t understand about agriculture in India -Yogendra Yadav
-ThePrint.in Indian farmers have read the writing on the wall. India’s economists have not. Do Indian farmers understand the agrarian economy better than Ashok Gulati? Ridiculous as it might sound, the answer could well be: yes. Professor Ashok Gulati is the leading agricultural economist in India, and among the scholars I read, consult and respect. He combines solid scholarship with genuine concern for the farmers. He has the spine to stand against governments...
More »India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee
-PTI/ The Indian Express Speaking at a virtual event, Nobel Laureate Abhijit Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit. Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government’s economic stimulus was inadequate to tackle the problem. He, however, said that the country will see a revival in growth in the July-September quarter of...
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