-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...
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In ‘act of god’, coercive not cooperative federalism -Rajeev Gowda and Manpreet Singh Badal
-The Hindu In bridging the GST gap, the Centre ought to help States through the Consolidated Fund of India It is beyond anyone’s imagination that the Government of India would invoke the “Force Majeure” clause against its own people. Unfortunately, this has become reality at a time when every Indian State is massively burdened by the COVID-19 crisis and governance has been severely affected. Finance Minister Nirmala Sitharaman’s statement on Thursday that the...
More »The marriage age misconception -Mary E John
-The Hindu Addressing poverty is the key to improving the health and nutritional status of mothers and their infants From the ramparts of the Red Fort on Independence Day, the Prime Minister declared that the government is considering raising the legal age of marriage for girls, which is currently 18 years. He said, “We have formed a committee to ensure that daughters are no longer suffering from malnutrition and they are married...
More »How our food choices cut into forests and put us closer to viruses -Terry Sunderland
-Down to Earth The food most associated with biodiversity loss also tends to also be connected to unhealthy diets across the globe As the global population has doubled to 7.8 billion in about 50 years, industrial agriculture has increased the output from fields and farms to feed humanity. One of the negative outcomes of this transformation has been the extreme simplification of ecological systems, with complex multi-functional landscapes converted to vast swaths...
More »A crisis without villains -Harish Damodaran
-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...
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