The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
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...
More »Ankhi Das’s Exit from Facebook Is Not Enough for Indian Users -K Raveendran
-Newsclick.in The WSJ report highlighted how important the Indian market was for the business of Facebook, as the platform is banned in China, the only other country with the potential of a billion customers. Ankhi Das, who through her own interpretation of her role as public policy director of Facebook in India gave a tinge of saffron to the social media giant’s blue colour scheme, has finally exited the India operations. She...
More »Joint committee of Parliament summons social media giants Facebook, Twitter: sources
-PTI/ The Hindu Summoning officials of Amazon and Google is also under active consideration, sources said. Social media giants Facebook and Twitter have been issued summons by a joint committee of Parliament on the issue of protection of data and its privacy, sources said on October 22. Representatives of Facebook India have been asked to appear on October 23 before the Joint Committee on the Personal Data Protection Bill, 2019, chaired by BJP...
More »Women spend most of their daily time in unpaid domestic and care work, shows the latest Time Use Survey data
Among other things, one of the reasons (given by some economists) behind low labour force participation rate (LFPR) of women vis-à-vis men in the country is that more young girls are educating themselves, causing an improvement in the secondary and tertiary enrolment rates. It means that more Indian women are staying out of the labour force in order to continue their education – secondary education and / or college &...
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