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The lockdown has highlighted stark inequalities -Zoya Hasan

-The Hindu Instead of embracing the welfare state path, the BJP government is encouraging greater privatisation The novel coronavirus is a global threat, but the pandemic has had an uneven impact across countries and within countries. Historically, social inequality has always been extreme in India. However, the lockdown has sharpened the edges of inequality even further, especially because of the way it has been implemented. Many countries have imposed lockdowns but not...

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Why India’s migrants deserve a better deal -Priya Deshingkar

-Livemint.com * Roughly 100 million migrant workers are directly responsible for 10% of the GDP. Why are they still so invisible? * There has been an unwillingness to collect better data on circular migrants and understand how they affect the economy. This is shocking for a country that runs on migrant labour BRIGHTON/ LONDON: Images of stranded migrants and their long arduous journeys back home will remain seared in our collective memories of...

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Unemployment at nearly 10%, among youth it's 28% -Subodh Varma

-Newsclick.in The ongoing economic slowdown will increase joblessness further as not only are jobs being lost, no new jobs are being created. While some leaders of the present government are blithely going about giving the world supposed lessons on how to govern, as Narendra Modi did at the UN General Assembly, and some others are busy handing out concessions to domestic and foreign corporates, the people in India are getting strangled by...

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

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PM's panel rejects former CEA's paper on GDP growth

-The Hindu ‘Lacks vigour, won’t stand up to scrutiny’ The Prime Minister’s Economic Advisory Council (PMEAC) has released a detailed note enumerating its objections to former Chief Economic Adviser Arvind Subramanian’s paper on India’s GDP growth. The note said that Mr. Subramanian’s paper “lacks rigour” and would not stand up to academic scrutiny. Lower GDP The paper, released in Harvard University, postulated that the GDP growth between 2011-17 was significantly lower than the 7%...

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