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Rising prices are singeing Covid-battered India, Madame Finance Minister

-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit Growth in the last year. When the April 2021 retail inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...

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Govt. has an active role to play during the pandemic in terms of nutritional support, education & jobs, says IFPRI report

A recent report by the International Food Policy Research Institute (IFPRI) states that the countrywide lockdown imposed on 25th March, 2020, which was extended for nearly two months in phases, affected the food and nutritional status of vulnerable sections of the Indian population. It says that a programme like the Mid-Day Meal Scheme covers four-fifth of primary-school-aged children in the country that helps in improving not only nutrition but also...

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More fiscal support is imperative: CII chief -Suresh Seshadri

-The Hindu Uday Kotak highlights risks of not spending, says a lot will hinge on States’ approach to reopening. India’s economy urgently needs increased fiscal spending from the government to support businesses that have suffered stress from the COVID-19-related disruptions, as well as households and individuals worst hit by the pandemic, CII president Uday Kotak said on Wednesday. “I think the time has come for the fisc [fiscal authorities] to do a lot...

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Why ‘excess mortality’ figures for Covid must be calculated -Chinmay Tumbe

-The Indian Express They will not only help capture the true scale of the tragedy, but will also help in planning better for the next waves of the pandemic. In his memoirs, the writer Suryakant Tripathi (1896-1961), better known as Nirala, described the river Ganga as “swollen with dead bodies” when the deadly second wave of the influenza pandemic struck India in 1918. The pandemic was a deeply traumatic experience for him,...

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COVID-19 Driving Up Unemployment -Gyan Pathak

-Newsclick.in As India faces a grim economic scenario due to the second wave of the pandemic in India, the government needs to step in to create employment opportunities. The second wave of COVID-19 beginning from February 2021 has not only severely impacted the economic recovery in India, but has also threatened a contraction in its GDP and consequently a sharp spike in unemployment. S&P’s moderate and severe severe downside scenario has estimated...

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