-NetworkIdeas.org The complete absence of any meaningful fiscal response from the Indian government in the face of one of the biggest economic crises ever faced, cries out for explanation. One argument has been that the central government is concerned about its external vulnerability: a large increase in public spending could generate higher imports, thereby worsening the trade deficit at a time when volatile capital flows have already made the balance of...
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The dangers of misplaced optimism -cp chandrasekhar
-The Hindu The government’s economic recovery hype is off track and this is not a time for fiscal conservatism Preliminary evidence that India’s economy contracted by 7.5% in the second quarter of financial year 2020-21 was, as news, both good and bad. Good because that figure is far lower than the 23.9% contraction registered in the first quarter of this financial year. Bad because a 7.5% second quarter contraction is high both...
More »Tech Platforms Feel the Heat -cp chandrasekhar
-NetworkIdeas.org In a move that was expected, the US Justice Department has filed an anti-trust lawsuit against internet search giant Google, alleging that it resorts to anti-competitive practices to ensure its dominance in the search engine space and, through that, over the related online advertising revenues. As a leading example the case cites the successful effort to exclude the competition through a deal, in place since 2005, in which Google pays...
More »When makka sells cheaper than bhusa: Bihar’s maize growers suffer lockdown blues -Harish Damodaran
-The Indian Express Bihar produces a quarter of India's corn, but few politicians are talking about a crop that generates over Rs 7,500 crore annual income for its farmers. Begusarai, Khagaria: “Makka hai das rupiah aur bhusa chaudah (maize is selling for Rs 10 and wheat straw for Rs 14)”. This statement by Chandrasekhar Kumar, a 15-bigha (13 acres) farmer from Sapaha village in Gogri block of Khagaria district, sums up the...
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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