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...
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Unemployment scheme: Govt says claims through affidavit form no longer required -J Jagannath
-Livemint.com * Govt eases claim criteria for Atal Beemit Vyakti Kalyan Yojana, says claim can be submitted online along with scanned copies * However, if the documents are not uploaded at the time of online filing of the claim, claimant will submit the printout of the claim duly signed along with the required documents In order to simplify the process of claim, government on Sunday said claims through affidavit form are no longer...
More »Do recent indicators hint at a real economic revival? -Vikas Dhoot
-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
More »How India Was Stripped of Its Atmanirbharta in the Edible Oil Industry -BM Vyas and Manu Kaushik
-TheWire.in The rise and fall of the biggest importers of edible oil in the world. ‘Freedom is the greatest fruit of self-sufficiency’ – Epicurus The COVID-19 pandemic has been detrimental for globalisation and has led to a clamour for protectionism. India’s national strategy is also in line with this trend with calls for ‘Atmanirbharta’ and ‘vocal for local’ increasing. Traditionally, India was an exporter of edible oil before Independence, became self-sufficient post-Independence (till the early 1970s),...
More »70% of households paid 25-100% more for tomato, potato and onion this year: Survey -Prashasti Awasthi
-The Hindu Business Line More than 16,000 responses from citizens across 242 districts were received Mumbai: Community social media platform LocalCircles conducted a survey to understand how much extra people were paying to purchase a kilogram of onions, potatoes and tomatoes. This comes as consumers show discernment over the rising price of these vegetables for the last two months. The survey also intended to understand the Average amount a household paid this year...
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