-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...

-MainstreamWeekly.net     Chinese import have thrown a spanner in the wheel of India’s economic progress per se and industrial manufacturing in particular. The Chinese import is so hard hitting on Indian industry that many manufacturers have become traders.     The impact of Chinese goods has been such that India is threatened to become a country of importers and traders with domestic factories either cutting down production or shutting down completely...The country can...

-TheWire.in The lack of any discussion with the legitimate representatives of millions of workers whose welfare is at stake is a worrying trend. In the last two months, India’s labour laws have experienced rapid changes in the blink of an eye. A number of state governments have either amended or are considering amending the Factories Act, 1948 to extend maximum working hours which violates the ILO Convention, Hours of Work (Industry), 001. Madhya...

-Scroll.in The Central government has thrown its weight behind traders, investors and corporations. Three ordinances approved at a cabinet meeting on June 3 were hailed as landmark decisions that would benefit Indian farmers and transform the agricultural sector. One of these, the Essential Commodities (Amendment) Ordinance, 2020, amends the existing act to remove all agricultural commodities from the list of essential commodities. The government assumes that “the freedom to produce, hold, move, distribute...

-Business Standard Hit by the slump in sugar demand following lockdown and consequent subdued realisations, mills have run up huge farmers' outstanding pertaining to the current sugar season 2019-20 Lucknow: Unlocking an additional revenue stream for the beleaguered domestic sugar sector, the Central government has allowed the export of alcohol-based hand sanitizer, a commodity in high demand globally in the fight against Covid-19. On May 6, the Centre banned the export of the...